If you want to really change your relationship with money you’ll want to read these articles on Budgeting and Money Management. Our budget is the single most powerful tool that we’ve used to help us live debt-free and build a strong financial future.
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We don’t pay much attention to our credit score. When you live debt-free and don’t borrow money, it becomes a non-issue. But we do realize that there are times in life when your credit score plays an important role in your future. We helped our kids establish credit using a credit card secured by their bank accounts. They only used it for purchasing gas. Over time, the limited use of this credit card helped them establish a good credit …
What does living below your means . . . mean? Does it mean a life of deprivation? Does it mean a life of constant coupon clipping, or a life of regularly saying, “We can’t afford it?” Living below your means – something different. Maybe it’s saying yes to your top priorities like paying off debt and building savings/retirement. OR, it’s saying, “I’d love to take a cruise, but this year we only have enough money for a driving vacation.” And then …
Question: Would it be wiser to make extra payments to pay down a credit card that has a 0 percent interest rate with a somewhat large balance (around $6,000) or to make extra payments to pay down a credit card with a smaller balance (around $2,000) and 11 percent interest? I’m trying to decide which one to pay down on first. The card with 0 percent is for the life of the loan. Answer- Here’s to Eliminate Debt Fast! …
Question about budgeting using credit cards I’m using your America’s Cheapest Family Budgeting System and love it. I really like how the budget system allows for a family to “save” in advance for purchases and designates money for different specific categories. Here’s my Budgeting Issue We are not in debt. but we use our credit card for every purchase. And then we pay our credit card every month, completely. I know this is not the “norm” for most people. We …