Friday, June 11, 2010
As a mother of three young children, I tell my clients that discussions with children regarding debt and spending is important but should be age appropriate.
Debt is a common way of living these days, but teaching our children some basic principles about money and spending can alter their financial future. As a mother of three young children, I tell my clients that discussions with children regarding debt and spending is important but should be age appropriate. Here are some basic tips: Teaching children to save their money and budget are invaluable tools and there are easy ways for parents to start ingraining these principles into their children at an early age. Start with a piggy bank for young children who are learning to count. Teach them the difference between coins and bills. Then when old enough for an allowance move on to a savings account. Make regular deposits into the savings account…
Thursday, May 27, 2010
The law offices of Leslie H. Tayne offer the following debt management tips.
For many Americans, living with debt is a way of life. Associated with this lifestyle is fear, anxiety and financial insecurity. Now more than ever, especially since the economic hardships of the past year, it is time to take hold of your financial situation and begin the process of becoming debt free. Leslie H. Tayne, Founder of The Law Offices of Leslie H. Tayne, P.C., a legal firm that delivers comprehensive strategic consulting and support services with practice specialties in consumer unsecured debt resolution, consumer bankruptcy alternatives and avoidance offers the following tips to begin a debt free life: Be Aware of Spending "I always tell my clients to take …
Wednesday, May 19, 2010
Oh credit card bills, they come every month religiously and the balance always seems to be the same. So, how can you pay them off?
Oh credit card bills, they come every month religiously and the balance always seems to be the same. So, how can you pay them off? Here are a couple of tips I give to anyone who asks me how to pay off their credit card debt and really live without monthly credit card bills. Minimum Payments Most of the time your minimum payment is likely lower than the interest amount on your credit card. Generally minimum payments can be between 2-5%. This means that if you only make the minimum payment, you may not even pay any part of the principal balance owed. Unless you pay enough to hit the principal amount owed, you will simply compound the interest each month which will then become principal the next month. At that rate, you may never pay off your…
Thursday, May 6, 2010
First, don’t panic, you are not the first to go through this, our new columnist Leslie H. Tayne advises.
Got debt? Don't panic, you are not the first to go through this. For many Americans, living with debt has always been a part of their lives. Having a balance on their credit cards was standard and part of the game. Now more than ever, I am encouraging everyone to take control of their financial situation and begin the process to ease the stress that debt has caused and seek professional assistance to eliminate that burden of debt. There are many steps to take in order to emerge from your mountain of debt, but take it slow. Start with the first two tips below and once you have figured them out, you can continue to move forward in helping yourself become debt free. First Step – Take Control Know the type of debt that you have. There …
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Jaden Jones
1:23 am on Thursday, May 20, 2010
It's quite horrifying to see people start using their retirement funds to pay off their credit card debts. It's preferable to seek negotiations with creditors for a reasonable debt settlement. If you want to know more about credit card debt negotiations - here's the link: http://creditcarddebtsolver.com/top-23-credit-card-debt-solver-tips/ more ›