Get Your Spending Under Control

I have learned over the years that most people don’t live within their means. Here are just a few examples I have seen that prove how some people have little concern for their overall financial health.

Some may buy a new car every two years and that’s fine if you can afford it. If you are lucky enough to have discretionary money and can afford this luxury you are probably not reading this. The problem with this practice is a two year old car, especially when trading it in for a new one, is generally not worth what is owed on it.

Some people will buy a bigger or more expensive home than they can afford. Especially young families tend to think they can buy the home of their dreams now and as their careers and income progress they can afford to pay it off sooner. To that end, they engage in what I like to call “income eaters” programs like an interest only mortgage where for x amount of time you pay interest only. Your plan, of course, is to be earning more money in the future and you will be able to afford to pay more on the principle plus the interest, maybe you will and…maybe you won’t. One thing is for sure though, all those interest only payments you’ve been making, went straight into the lining of someone else’s pockets. No equity for you, no financial gain, no adding to your bottom line.

A vast number of people misuse their credit cards on a daily basis. I’ve witnessed people standing in line to pay for gas or groceries and think nothing of using their credit card to pay for a cup of coffee. Most people carry a balance on their credit cards and make the minimum payment, which is applied mostly toward the interest. The problem with this practice is the balance never seems to go down. They also continue to use the cards and eventually the credit limit gets maxed out.

One thing I do find encouraging is I’ve observed that more consumers are using their debit cards, and since it is tied to a checking account, people are spending money they have rather than money from the future. That is exactly what you are doing when you make a credit card purchase.

You will never be able to improve your credit if you don’t get your spending under control. Not only that, you need to gain a better understanding regarding your household finances. When it comes to budgeting, forget about all that high priced budgeting software on the market, because you really don’t need that stuff. A pencil and paper will do just fine, or use the word processor on your computer.

Write down your total monthly income and all of your monthly expenses including current balances. You will use this as a basis for creating a budget that will help you move in the direction of better money management. The first step to getting your finances under control is to make sure you stop spending more than you make. So take a look at the income and expense statement that you just created and see what you can do without. Eliminate those expenses that you don’t need and reduce the cost of others where ever you can. Now if you have any left over, stash it away, don’t spend it. As you begin to pay off more debt and reduce expenses stash that money away also.

It is also a good idea to prioritize your debts so you can work to pay off those with a high priority first. While you are doing this consider the amount of interest you are paying on your debts. Those with a high interest rate should be a high priority.

Mortgage payments, car payments, and credit cards are the ones that usually report to credit bureaus so it is important to keep those accounts current and on time. This will dramatically improve your credit rating.

Medical bills and utility bills usually don’t report to credit agencies, you don’t pay interest on them, and if you communicate with them you can get some flexibility in paying. You definitely should pay those bills, but they should be your lowest priority, and in this order. Really, it’s quite logical when you think about it. If you don’t pay your utility bills then you won’t have any gas or electric, so pay those first, and then your medical bills.

To be in compliance with United States Federal Trade Commission Regulations, I must tell you that I, or my publishing company, may receive a commission from the sale of these products or programs. It takes a great deal of time to research, investigate, assemble, and publish, and to be honest, the few dollars  in commissions I, or my company, make in bringing you the best of the best in programs are what keeps my company going.  Allow me to take this time to thank you for reading this article and reviewing the following offers.

WEALTH TRIGGER

wealth and the law of attraction. Learn how to prepare a wealth trigger and activate it within you so you can see how powerful it is. This is a powerful wealth weapon for your mind and it can be used to change you entire subconscious so you can begin to attract wealth. With this program you will learn the 3 steps you must do when developing the law of attraction to your advantage. With this information you will know exactly how to transform any negative thoughts into positive ones that will fuel your success. Learn the best way to destroy those limiting beliefs that are holding you back and learn how to create the vision of abundance so that it can be realized. There is also a simple and powerful way to set your goals so you can achieve them.

Click here to get all the details

With this program:

You will understand wealth and the law of attraction

You will learn how to prepare a wealth trigger within you

You will learn how powerful it is

You will have a powerful wealth weapon for your mind

You will be able to change your entire subconscious

You will learn 3 steps you must do to develop the law of attraction

You will learn the best way to destroy limiting beliefs

You will know how to transform a negative thought to positive

You will learn how to create a vision of abundance

You will learn how to develop intuitive emotional spiritual power

You will be empowered with confidence and conviction

Click here to get all the details

**********

ELIMINATE YOUR DEBTS

If you want to get rid of your debt fast this program will show you how you can pay off your debts in five years or less including your mortgage. This program is structured with action steps for rapid debt elimination and it’s guaranteed to work for everyone.

Click here to get all the details

THIS PROGRAM:

Will help you get rid of your debts fast

Will help you pay off your mortgage

Is action step by action step

Is guaranteed to work

Click here to get all the details

**********

PROTECT YOUR PRIVACY

In this high tech world, it becomes more important than ever before to protect your identity and financial privacy. This privacy protection program will give you the information you need to keep your personal and financial information private. This information to anonymous living will benefit you greatly in protecting your identity and preventing identity theft.  You will also use financial privacy principles for banking secrecy, gain freedom from internet stalking, and have workplace privacy and employee privacy.

Click here to get all the details

WITH THIS PROGRAM YOU WILL LEARN:

How to protect your identity

How to protect your financial privacy

How cyber thieves come up with new ways to steal your identity

How cyber thieves come up with new ways to steal your financial information

About financial privacy principles

How to keep your banking information secret and safe

About workplace privacy

To keep it secret keep it safe

Click here to get all the details

**********

PROTECT YOUR IDENTITY

Today more than ever, you must be vigilant in protecting your personal information from being stolen. It definitely pays to learn all you can about the world of fraud and identity theft. With this identity theft program you will learn how criminals get the information they need to steal identities. Remember this, cyber criminals have one weakness and that is they are looking for an easy score and your best defense is making your personal and financial information exceptionally difficult to get. Learn the five different methods identity thieves use to steal your information and the five pieces of information you should never post on Face Book or any other social media. This program has an identity protection plan and an iron clad special ops strategy that will never fail to keep you one step ahead of the cyber criminals and without having to pay an ongoing monthly fee.

Click here to get all the details

THIS PROGRAM WILL HELP YOU:

Remain vigilant in protecting your personal and private information

Level the playing field when it comes to cyber criminals

Keep your information out of reach

Learn how identity thieves get information to steal your identity

Learn the 5 different methods identity thieves use

Stay one step ahead of the cyber criminals without paying monthly fees

Click here to get all the details

**********

COUPLES AND MONEY

Sometimes it’s difficult enough to manage money on your own and sometimes it’s more difficult to manage money with another person. Financial management continues to be a leading cause of stress in the home. If you feel like this is happening to you and you are looking for a better way to manage money with your significant other, then this program can help. Here you will find techniques, strategies, and tools used by couples to effectively manage the household income, create harmony, and build wealth.

 Click here to get all the details

IF YOU ARE SHARING EXPENSES WITH SOMEONE YOU MUST REALIZE:

My money is your money

It could be a problem but it doesn’t have to be

Financial management continues to be a leading cause of stress in the home

WITH THIS PROGRAM YOU WILL:

Find techniques

Discover strategies

Uncover tools

Create financial harmony

Build wealth

Click here to get all the details

**********

DIRTY MORTGAGE FINANCING SECRETS

If you are in the market for a mortgage, you need to know how to avoid schemes and tricks brokers use, how to look for costly mistakes, and build financial security. You need to make sure you don’t get taken advantage of by being gouged for extra fees and points. Most people don’t know how to shop for a mortgage and a big reason is because most people worry about the house they are buying instead of the loan. They don’t realize it’s the loan that cost you month after month, not the house.

Mortgage lenders make big money based on how much you borrow and all the points and fees that go with it. It’s true that the mortgage business is regulated and still there is a lot of fraud. The United States Justice Department, not long ago, reported that some mortgage companies were fined over eight million dollars in just one year for overcharging thousands of unsuspecting borrows, and those are the ones that got caught, think about the ones that didn’t get caught. Oh yeah, there out there.

When I was in the business I personally knew a senior loan officer who charged ten points on a two hundred thousand dollar mortgage. That’s ten percent on two hundred thousand dollars, that’s twenty grand in fees. I asked him, “what do your customers say when they see that?” He said, “oh I don’t show them that until they get to the closing table.” I said, “don’t your customers just get up and walk out?” He said, “Yeah, sometimes, but usually by then it’s been a long wait, and I’ve dragged them through the mill, they just go ahead and sign off on it.” I said, “man, how do you sleep at night.”

This is absolutely ridiculous, to say the very most criminal, to say the very least unethical, don’t let this happen to you by being aware of all the details and read everything before you sign. (You would be surprised by how many people don’t and just sign on the dotted line.) This is excellent information for first time buyers, and for those who are buying their second or third home, or refinancing.

Click here to get all the details

LEARN HOW TO:

Avoid schemes and tricks

Look for costly mistakes

Build financial security

Ask the most important questions of any lender or broker

Avoid over paying

Compare one lender to another

Get the lowest rate

Get a loan with the lowest points and fees

click here to get all the details