Posts tagged as:

debt free

Sell your valuable assets

by Moneyproblems TipsFri Dec 03, 2010 Setting a Course to Be Debt Free

You might need to part with your loved and valuable possession in order to get out of debt. You need to realize that your memories are not attached with the perishable material but with your loved ones. Therefore if you are keen to get financial liberation then you need to sell your valuable assets to [...]

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Plan and spend while you get out of debt

by Moneyproblems TipsTue Nov 30, 2010 Setting a Course to Be Debt Free

If you are working your way out of debt that does not mean that you would stop spending on bare essential things. In order to spend on things make sure that you plan a budget and save for the stuff. Try to avoid taking hasty decisions therefore plan your event so that you can find [...]

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Look for secondary sources of income

by Moneyproblems TipsWed Nov 24, 2010 Setting a Course to Be Debt Free

Look for secondary sources of income : If you are in debt, look out for other sources of income to increase your income level. You can take up part time jobs, overtime at work, dog walking, baby sitting, tutoring, or other home based work which can act as a supplementary income.
You [...]

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Know When to Get Help

by Douglas HoyesFri Aug 20, 2010 Setting a Course to Be Debt Free

As you Set a Course to Be Debt Free, you may run into the occasional road block. How do you know when you should work through it on your own, and when you should get help?
There is no easy answer to that question; it’s only with the benefit of hindsight, after the [...]

Tagged as: consumer proposal administrator, debt free

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Avoid the Biggest Debt Pay Down Trap

by Douglas HoyesThu Aug 19, 2010 Setting a Course to Be Debt Free

Your plan to be To Debt Free is going great. You have made a budget, and you are paying off your high interest debts first. In fact, you have already completely paid off one of your credit cards. Great! That frees up cash each month to pay off other debts, and you are savings hundreds [...]

Tagged as: credit card, debt free, debt pay down

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Personal Budget and Debt List - Put it Together

by Douglas HoyesWed Aug 18, 2010 Budgeting

To Set a Course to Be Debt Free, you make a list of your debts, and then make a budget to see what you spend today, then you analyze your budget to see what expenses you can cut. Let’s assume you have done all of these steps, and you now have the following information:
You have [...]

Tagged as: budget, debt free, debt list

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How To Use a Personal Budget to Become Debt Free

by Douglas HoyesTue Aug 17, 2010 Budgeting

A personal budget is a list of numbers. It’s meaningless unless you do something with it. To Set a Course to Be Debt Free, take your budget and look at it. Analyze it. And ask yourself this simple question: “What can I slash and burn?” Once you know where you are spending your money, you [...]

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To Be Debt Free, You Need A Budget

by Douglas HoyesMon Aug 16, 2010 Budgeting

As we continue our series on Setting a Course to Be Debt Free, let’s review the first steps.
First, start by deciding that you want to be debt free. You must make a conscious decision to achieve your debt free goal.
Second, make a list of your debts, and check it twice to be sure you [...]

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Should I pay down debt, or contribute to my RRSP?

by Douglas HoyesFri Aug 13, 2010 Setting a Course to Be Debt Free

Next week we will continue our series on Setting a Course to Be Debt Free, but today we will address a very common question: should I pay down my debt, or should I contribute to an RRSP? The answer depends on your circumstances. Here are the four questions you need to answer:

What interest rate [...]

Tagged as: debt free, debt pay down, RRSP

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Avoid the most common debt pay down mistake

by Douglas HoyesThu Aug 12, 2010 Setting a Course to Be Debt Free

Now for the crucial next step in your plan to Set a Course to Be Debt Free. Take your list of debts and arrange them in order, from highest interest rate to lowest interest rate. Now you have a list with the highest interest rate debts at the top of your list. That probably means [...]

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