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Create and Maintain a Budget

Create and Maintain a Budget
The first step to avoiding the troubles of financial debt is to create and maintain a budget.  It’s not as intimidating as it sounds, don’t worry.

       First off,  create a list of all your monthly income and also a list of your monthly expenses.  When determining income, list all sources including alimony, child support, side jobs, etc.  In calculating expenses, be sure to include housing, food, transportation, utilities, entertainment, etc.  To gain an accurate reflection of actual expenses, sit down each night and write down expenses, just make sure to save receipts.  Determine if your income covers all of your expenses.  If the answer is no, then some expenses need to be reduced. 

       Adjust expenses.  If it is a small discrepancy, it may mean reducing some minor expenses like entertainment or cell phone plan.  If the deficit is larger, you may need to downsize your vehicle or living arrangements.  If your income covers all of your expenses, you s…

Getting Out and Staying Out of Credit Card Debt

Getting Out and Staying Out of Credit Card Debt
Credit card debt is a major cause of over one million bankruptcies each year.  The reason is that many people get a credit card without researching and reading the fine print.  By the time annual fees are added on, along with spending indiscriminately, payments are missed, which causes their balance to skyrocket. 

Although we all like to place the blame on the credit cards and the credit card companies, you need to keep in mind that the real cause of your financial mess is you. 

One shopping spree does not usually cause high debt.  It is usually a pattern that consists of gradually increasing purchases that add up to a large debt.  The great thing is that it can be very easy to get out of debt.  The key is to start spending less than you make.  This is a long-term solution that can help you to whittle your debt down. 

Although it may sound simple, it can be very difficult if you have a problem with willpower.  It is important to stick …

Tips To Apply For A Credit Card

Tips To Apply For A Credit Card
Filling out a credit card application is just like filling out a job application-everyone needs some tips to use so that they get approved.

If your credit is bad, then it may be a little more difficult to get a credit card than if you have good credit.  Do not give up, because there are hundreds of companies out there that offer credit cards for people with bad credit and if you shop around, you will find the credit card that is just right for you. 

If you are researching credit cards, the first place that you can get information is the Internet.  The Internet has a lot of information about many different credit cards, including their rates, fees, and incentives, so that you can find the best credit card for you. 

There are some credit card companies that say that they will give you a credit card with no credit check.  However, keep in mind that having a credit card almost always means that you are going to go into debt.  Be cautious when choosing the…

Choosing a Credit Card In the UK

Choosing a Credit Card In the UK
Credit card companies are all over the world and so are credit cards.  Some of the credit card companies only offer cards to a specific country or region that they are in.  If you live in the UK, then you might need some information about credit cards that are available for you. 

Credit cards that you get in the UK are not any different from any other credit cards.  The credit card companies offer special incentives to get customers like 0% APR for a specific time period, no annual fees, and you may even be able to apply for the credit cards online.  Many credit card companies based in the UK do not give their cards to consumers in other countries due to security reasons.  However, if you live in the UK, then there are many companies that are sure to let you fill out an application to receive their specific credit card. 

There are many companies that encourage you to apply online.  They overwhelm you with ads, promising a 60 second approval. 

Credit c…

Credit Card Company That You Can Trust: Chase

Credit Card Company That You Can Trust: Chase
If you are looking for a credit card company to give your business to, but are unsure of which one to choose, then you may want to consider Chase.  They are known for being one of the best credit cards around.  They make applying for one of their cards very simple and there are no hidden charges. 

When you sign up, they will give you all of the information about any charges that they may charge you.  They do not have annual fees and offer a 0% interest introductory rate.  Also, Chase offers fraud protection, which is a very important thing to have these days. 

It is so easy to apply for a Chase credit card.  Applying on their website is simple, too.  Their website is also a great place to learn more about their credit cards including the interest rates and pictures of each kind of card. 

You can also pay your credit card bill online.  This is a fast and secure way for you to pay your credit card bill.  If you do not have a Chase credit …

Learning About Cash Back Credit Cards: Good or Bad Idea?

Learning About Cash Back Credit Cards: Good or Bad Idea?
Getting a credit card that offers cash back always sounds like a good idea.  What could be better than getting cash back on all the purchases that you make with your credit card?  It sounds too good to be true, doesn’t it? 

Well, there are cards that give you free cash, but it is usually only around 1% cash back.  However, free money is free money, right?  Well, sometimes. 

If you like to buy a lot of things in one month, this kind of credit card probably sounds great to you.  However, you need to keep in mind that they are not going to give you cash back on every purchase that you make.  Even if they claim to give you cash back on every purchase, they will only give you up to a certain amount per transaction.  The company also has a strict limit on the amount that they will give back to their customers.  If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms an…