jump to navigation

Bankrupt: Not Always! June 26, 2009

Posted by 2bdebtfree in Financial Debt Budget.
Tags: , , , , , , , , , ,
add a comment

If you feel that you are bankrupt, you are not alone. Many families give up the fight before they even try to get out of debt. Bankruptcy should not be your only answer. It can haunt you for 7 years on your credit. It can effect you getting a loan, getting a job and your marriage. It’s tough for families that go through something like this. Look at our 9 steps to getting out of debt and see if they can help lead you down a different path. If you need help, contact us.

Brown Bag It: This Summer for Lunch. June 24, 2009

Posted by 2bdebtfree in Quick Tips.
Tags: , , , , , , , , , , , , , ,
add a comment
You can sometimes find Banquet meals for less than $1.

You can sometimes find Banquet meals for less than $1.

A quick tip to save money is to not go out for lunch. Many execs and middle managers get comfortable going out with clients for lunch because they don’t have to pick up the check, but this can become a bad habit and even when they don’t have meetings they will still go out. It’s not that you have to bring your lunch all the time to work but it will save you money. Get organized and you can buy a frozen dinner for $1 – $3.50 or even bring leftovers for next to nothing. Most of the time you will spend anywhere from $5 – $12 for lunch. That’s 3 times as much! If you bring your lunch and just save that $4 each day, you will save an extra $1,000 each year for your budget. Just imagine, if you were someone that spends $12 on lunch every day, you could save up to $2,750 each year. You could use that money to pay down debt, use it for your next goal or spend that money on an all-inclusive vacation. This is a great way to save money and get out of debt. Watch the newspaper grocery ads for hot buys on frozen meals. Especially, at the first of the year, you can get some really great deals on healthy meals.

Summer Vacation June 18, 2009

Posted by 2bdebtfree in Financial Debt Budget.
Tags: , , , , ,
add a comment

Don’t Waste your Money! June 16, 2009

Posted by 2bdebtfree in Financial Debt Budget.
Tags: , , , , , , , , ,
add a comment

Here are 6 ways to prevent yourself from wasting money!

#1 Transfer credit card balances.

If you can, transfer to a 0% interest card.

#2 Pay on time!

Late fees are just wasted money.

#3 Pay your bills online.

Save on stampsĀ  and you get to keep your money longer in your bank account.

#4 Prioritize your bills.

Make sure you pay the bills so that keep your house and car.

#5 Ask your lender for lower interest rates.

If you can’t transfer, ask forĀ  a lower rate. Ask nice and if you pay your bills on time they may just lower your rate.

#6 Pay your smallest bills first strategy.

Get rid of as many bills as you can as fast as you can.This is called the snowball effect. Once you have cleared out all of the little bills you will feel some relief and you will be more confident about tackling the bigger bills.

Getting the New iPhone 3Gs vs. Getting Out of Debt June 12, 2009

Posted by 2bdebtfree in Financial Debt Budget.
Tags: , , , , , , , , ,
add a comment

Sometimes we have to make hard choices when trying to get out of debt. I don’t just want an iPhone. I really, really want it. Unfortunately, it costs an extra $30 bucks a month for 2 years. Now, they have lowered the price of the old 3G iPhone to just $99, but when you add on the data plan that iphone now costs $819 over 2 years plus your regular cell plan. Which means it will run us $3,460 for us to have a cell phone plan for 2 years. versus $2,640 without the iPhone. Look for ways to substitute down. They now have tons of touchscreen and smartphones that don’t require a data plan. If you work on a computer at the office and have a computer at home, do you really need another way to connect to the internet?

If you really have to have the iPhone make sure to add the data charge to your budget. If possible, take a couple of months and save up for the phone so that you don’t go over your budget for the month.

Good Luck and Get Out of Debt.