Odds are you've received credit card offers that read much like this. (You might just find one in the mail today.) Lately it seems as if credit card companies are tripping over each other to give you the best rates on credit cards and balance transfer offers. What gives?
At the very least, you should be paying off whatever you spend on the card at the end of the month. This way, you know that whatever happens, your credit card debt is not increasing. Better still, leave your card at home when you go shopping and use good old cash to make your purchases.
First many of us are planning on working for a longer period of time. This only makes sense as the lifespan of a US citizen has increased over the past twenty years, and the age for eligibility for social security has increased. In the past people looked to get out of the rat race as soon as possible, and I know that my father retired at 62 and started collected his social security checks. For him it was a wise choice because he died at 67. Imagine working a lifetime and retiring at 65 and then only getting two years retirement.
Bills can get especially burdensome this time of year. With the holidays upon us, it's a wonder we can even manage to pay for everything on time. Oh wait; what am I saying? Most of us can't. If we could, we wouldn't be constantly busting out the credit cards. I know this definitely applies to me. I recently did all my holiday shopping with a credit card. It was either that or nothing at all. Sadly all this credit card swiping leads to a plethora of debt. Debt that we'd all like to ditch once and for all. It's sad that we go through these motions each year. Who's up for some debt free consolidation? This may be your ticket to getting out of the financial hole.
If you must move in with a family member to reduce expenses and save money. Make the best of the situation and save, save, save. It may be tempting to blow your paychecks on nights out or other frivolous things, but you could be saving for a few months' rent, a car, and other things that can get you back out on your own.
One of the debt consolidation in PA solutions you can use to get rid of your debts it to talk to your credit card company. Even if they have turned you down before, do not give up. Instead of using a company to talk to your creditor, do it yourself. This will save you additional cost, and will show the creditor how bad your situation is. Be persistent but polite when talking with your creditor.
Sorting your debts by interest rate and repaying the highest interest debt first. FOR: The highest interest rate will be clocking up more debt as the interest calculates on the daily balance. It makes sense to get rid of this debt first. AGAINST: You may find you have a lot of different smaller payments to make and budgeting may be more difficult.
Do you enjoy golf? Maybe working part time as a greens keeper at the course will bring you pleasure. Do you love children? Maybe becoming a surrogate grandparent at a day care center might be just the ticket for you. This isn't the sort of retirement advice you are probably used to hearing, but it might be the right retirement strategy for you.
In order to eliminate debt you will find it is all about spending less, increasing your income and having a workable budget. Debt elimination needs careful thought and a lot of planning.
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