Big Financial Affairs Store
Welcome to Big Financial Affairs Store!

Business Articles


Pay Off Debt Now: 5 Steps To Getting Your Finances in Order
By Drew Harris


In our world of dizzying change, nothing is more true than the time honored statement that circumstances always change.

No where is this more true than with financial issues.

Have you ever borrowed money, or charged up the VISA card at Christmas, all the while telling yourself that you would pay everything off with a coming tax refund or bonus?

Sound familiar. And then what happens when the bonus money arrives?

Let me guess?.circumstances changed, the car needed brakes (or the kids needed braces, etc), and the VISA debt and interest charges keeps piling up.

Unless you have a plan, you will always be caught in the unpredictable grip of ?changing circumstances.?

This is a slippery slope that can very quickly become serious financial stress. Consider the fact that Americans are declaring bankruptcy at record rates. One in every 100 families is affected by a bankruptcy.

I was on this slope 10 years ago. Declaring personal bankruptcy and filing for divorce went hand in hand.

One of the most insightful moments of the process was preparing a written log for the trustee of all of our spending for the 5 years leading up to bankruptcy.

While all of the individual decisions made sense in the moments that they were made, they looked totally foolish in the context of the ?bigger picture?

In other words, constantly changing circumstances drove us off our financial roadmap.

Consider this five step plan for getting on, and staying with, your financial roadmap.

Step No. 1: Make a list of what you owe & prioritize: Put all your bills in a pile. Then list your debts in order, starting with the largest balance first. Then prioritize your repayments (ie paying down the highest interest rate first).

Step No. 2: Eliminate credit cards and don?t roll over balances. Once paid off, notify the company that you want to close the account.

Step No. 3: Make a spending plan. Change your free-spending ways. Track the money that?s coming in and going out. Use a debit card instead of your credit card. Download your bank transactions into a computer program for easy categorizing.

Step No. 4: Be careful about the equity in your home. Billions of dollars worth of equity has been withdrawn from millions of homes in the last few years. But many people pay down credit cards only to charge them up again ? and then you don?t have the safety net of the equity in your home.

Step No. 5: Get help. For some people, the problem of overspending is a psychological one. Spending can become a habit that?s as difficult to kick as alcohol, drugs or gambling. Sometimes, it?s due to circumstances they truly could not avoid: medical bills or divorce or loss of a job.

You can talk with a credit counselor on a private basis. It only appears on your credit report if you enter their debt repayment program.

During this holiday season, as you consider your finances, remember that Americans are now carrying $683 billion in revolving credit card debt. 47% of the people who paid less than the full amount on their credit card bills in a recent month, made only the minimum payment due.

The good news is that planning and professional help will definitely help you turn things around.

Case in point: I went from bankrupt with zero assets living in a boarding house, to gainfully employed, running my own home based business, with 2 houses and excellent re-established credit.

In other words, it can be done.

For more information about this article and/or the author visit http://debt-eliminationsite.com

For more information, news and articles see:

Structured Deposits - Structured Deposits
...t independent financial advisors would take their time to research the latest structured deposits for their clients. What would be the point in consulting an advisor if they failed to compare and con...
Visit Structured Deposits...

Architectural Lighting - Architectural Lighting
...a thing about lighting lately. I think it started when we redecorated the dining room and fitted new light fittings within. The next room to get a makeover was the master bedroom and again, we selec...
Visit Architectural Lighting...

Safe Repairs - Safe Repairs
... things in either your home or your place of work. Because of this it is vitally important that it is well maintained and is always in the best possible condition. If you are having problems with your...
Visit Safe Repairs...

Retaining Walls - Retaining Walls
...requent basis. A host of Retaining walls are used to hold back soil from a building that`s being erected. Typically the Retaining walls are made from a number of materials and pre-cast concrete is o...
Visit Retaining Walls...

The Taxation People - Article01.html
...x! The Taxation People, are a forward thinking online accountancy service that specialise in helping people who might be eligible for a tax refund. They offer a online service, with a simple and easy...
Visit The Taxation People...

Lifting Equipment - Lifting Equipment
... to protect employees from the dangers of Lifting Equipment. The Regulations aim to reduce the risks to people`s health and provide safety from lifting. Generally, the government Regulations require t...
Visit Lifting Equipment...

Folding Trolley - Folding Trolley
...from one location to another. This is why people have started to use tools that have been manufactured for the purpose of making such tasks more convenient and efficient. A Folding trolley helps to pr...
Visit Folding Trolley...

Restaurant Menu Printing - Restaurant Menu Printing
...ntre the other day to do a spot of shopping and enjoy a leisurely lunch in an Italian restaurant. I love it when you first sit down at the table and peruse the menu carefully. There`s an air of anti...
Visit Restaurant Menu Printing...

Lashing Equipment - Lashing Equipment
...to a means of transport. It can also mean securing a load inside a container in order to prevent it from sliding or falling. Lashing is a widely used in industry today. There are different types of la...
Visit Lashing Equipment...

Custom Clearance - Custom Clearance
...f worrying about the consignment of rugs that are being shipped in from Cairo? Do you find the whole process of Custom Clearancea bit of a muddle and struggle to understand the formalities that take ...
Visit Custom Clearance...

Sales Techniques - Sales Techniques
...great salesperson? Is there one defining character trait that sets one person apart from another? Confidence will play a part and an ability to build an immediate bond with the potential buyer will ...
Visit Sales Techniques...

Presentation Skills - Presentation Skills
...ced with a room full of potential new clients would you be able to handle the pressure? Would you thrive in this scenario and put your presentation skills to the test, or would you much rather hide a...
Visit Presentation Skills...

Platform Trucks - Platform Trucks
...s and have only changed in appearance. They do not have their traditional looks any longer, but they still perform the way did years ago. These platform devices have been built with a flat base on whe...
Visit Platform Trucks...

Pr Surveys - Pr Surveys
...pact is your product having on the general public? If you are a lucky enough business to have a nationwide product or service, then you may be interested to know just what the publics opinions of your...
Visit Pr Surveys...

Parking Permits - Parking Permits
...ermitsthat enable them to park on company premises. In built-up areas parking can be a problem and pricey public car parks can be rather off-putting. They might be tempted to try their luck in privat...
Visit Parking Permits...

Document Storage - Document Storage
... of room for file storage and need a solution fast? Have you thought about outsourcing your document storage to specialists in this field? You can have your files and folders stored at a remote loca...
Visit Document Storage...

Cd Printing - Cd Printing
...e increasingly popular in today`s work place to send the information on a cd. It does not matter whether you`re sending out promotional material or end of year reports. You want to make sure that you ...
Visit Cd Printing...

Estate Agents Display - Estate Agents Display
...estate methods of displaying advertisements of models include different kinds of shelving. estate agents display may consist of lighted signboards....
Visit Estate Agents Display...

Vehicle Fire Suppression - Vehicle Fire Suppression
...manual fire suppression system using monoammonium phosphate base-a dry chemical agent used to control most fires. This particular system is designed for large, off-road type construction and mining eq...
Visit Vehicle Fire Suppression...

Precast Concrete - Precast Concrete
...ng sites around the country. Not only can building sites put Precast Concrete to good use though, other types of settings can create suitable storage solutions when these products are brought in to h...
Visit Precast Concrete...

Exhibition Stands - Exhibition Stands
...ed for show or for sale, needs to be exhibited. An exhibition is more effective with Exhibition stands than without them. These stands come in all kinds of varieties with different designs, sizes, sha...
Visit Exhibition Stands...

Window Cling - Window Cling
... getting your brand or your company noticed over a larger distance? Then why not have a look at having your brand printed on to a range of window cling vinyl stickers. From car window stickers or bump...
Visit Window Cling...

Structured Products - Structured Products
...to research the latest structured productsthat are on the market? Do they compare and contrast, analyse and evaluate the products that will be suitable for their clients? If they take their role ser...
Visit Structured Products...

Tape Storage - Tape Storage
...orage facilities provide business with the ideal answer when they want to create additional room within the office setting. Old tapes can be taken away from the company and they can be stored in secu...
Visit Tape Storage...

The Taxation People - Article03.html
...xpayers have paid too much tax! A new `No Win No Fee` tax refund service has just been launched by Greer & Taylor LLP on a dedicated new website The Taxation People which can be found at www.thetaxa...
Visit The Taxation People...

Display Cubes - Display Cubes
...otection for objects on display. These Display Cubes are very easy to construct. They can also be altered at any time to create a larger display cube. You can assemble and disassemble them easily with...
Visit Display Cubes...

Contract Headboards - Contract Headboards
...nd colours.All the fabric choices comply to BS 5852(1990) Part 2 Ignition Source 5 (CRIB 5).Faux leather and poor wool have recently become popular choices .contract headboards are used in hotels, Bed...
Visit Contract Headboards...

Locksmiths Northampton - Locksmiths Northampton
...eeding a locksmith, then all you need to do is just type locksmiths Northampton into any search engine you are using, to help you find a reliable locksmith that is based near you. Locksmiths can carry...
Visit Locksmiths Northampton...

Cd Duplication - Cd Duplication
...ur demo, it`s finally ready to send out. But you need tons of copies in a hurry. No need to worry. Cd duplication is now easily accessible over the net. There are some fabulous companies out there who...
Visit Cd Duplication...

Presentation Binders - Presentation Binders
...very day grind of real life by watching a film, playing a computer game or drinking a bottle of wine with friends. Many people like me have a passion for writing; it is a way of expressing ourselves, ...
Visit Presentation Binders...

Polypropylene Ring Binders - Polypropylene Ring Binders
...department of a local school and one of the most popular items I get asked for by the teaching staff are polypropylene ring binders. I seem to be ordering polypropylene ring binders nearly every othe...
Visit Polypropylene Ring Binders...

Plant Management - Plant Management
...heavily on the plant that it uses and at any one time there can be many items of plant on sites around the country. For some companies this can prove to be quite a headache as they try to keep on top...
Visit Plant Management...

Sea Freight - Sea Freight
...ssible time and want a freight forwarding firm to handle the consignment on your behalf? Not sure about global freight policies and need the shipping team to take care of all the documentation on doc...
Visit Sea Freight...

Coffee Shop Menu Printers - Coffee Shop Menu Printers
...because I always tend to order the same thing. I might peruse the menu but I always order a Latte in the end. This has nothing to do with the way that the menu is laid out it`s just me preferring a ...
Visit Coffee Shop Menu Printers...

Fire Suppression - Fire Suppression
...en it is raging out of control and it will devour anything that is in its path. The bush fires in Australia claimed numerous lives recently and over in America, California has been plagued with a ser...
Visit Fire Suppression...

Bespoke Lighting - Bespoke Lighting
...you can transform the look of an interior setting just by altering the lighting layout. Careful consideration to the lighting can bring about some quite remarkable results. Consultation with lighti...
Visit Bespoke Lighting...

Headboards - Headboards
...tiful bed to sleep in? Why not have the bed you have dreamed of and make your bedroom stunning? One way of doing this is to choose the right headboard and there are lots of Headboards to choose from,...
Visit Headboards...

Plant Hire Software - Plant Hire Software
...nt and trying to keep a track of it at all times. If you are a site manager and are responsible for the movement of hire equipment from one site to another, I`m guessing that it can prove to be quite...
Visit Plant Hire Software...

Exhibition Contractors - Exhibition Contractors
...ce providers are called Exhibition Contractors. There are many companies and individuals providing services that include all kinds of resources for an exhibition of a single item or more than one item...
Visit Exhibition Contractors...

Online Market Research - Online Market Research
...data about marketing exercises such as advertising or public relations. With large amounts of money being spent by companies and organisations on such exercises it is becoming increasingly important f...
Visit Online Market Research...


Click For More Detailed Information on:
your corporation 2 you ::hot company for you online ::family e-mail company ::big investment live info ::enterprise network business ::family park company ::family caretrade ::family style company ::hot businesses pro ::family shop company

Home  |  About Us  |  Contact Us  |  Articles  |  Special Reports  |  Links  |  Site Map

Copyright © 2003-2012. All Rights Reserved.


Valid CSS!