Tag Archives: debt

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wedding giftsI attended a wedding this summer — as many people do this time of year — and buying wedding gifts is a big part of the event.

While we spent what I considered to be a reasonable amount of money, I was a little surprised to learn that men spend more on wedding gifts than women do, according to a survey by Ebates, a cash back and coupon website. I'm frugal, and I'm not fond of shopping. Am I more likely to spend more on wedding gifts than my wife? I don't think so.

Men spending 2X on wedding gifts

The survey found that a majority of women said they spend $25 to $100 on wedding gifts, or about half as much as the $50 to $250 that men said they spend.

Women, however, shop smarter than men, with 32 percent of women using coupons and cash back to buy wedding gifts, the survey found. ...continue reading

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get started paying off debtYou’ve gathered your bills, figured out who you owe and how much, and you’ve even created a budget. But it can still be overwhelming when you decide to get started paying off debt.

I've been there! Just a few short years ago I confronted my debt balances and created a plan so I could get started paying off debt, but it wasn't easy.

When you get started paying off debt, you have to make some tough decisions and sacrifices that you may not want to make.

If you are ready to get started paying off debt, here are my top 5 tips that can help.

Change Your Habits

We all have habits that we'd like to change. Some of them may be financial, and some may not. An example of a bad financial habit is "window" shopping whenever you have time to kill. Instead of window shopping while you kill time, choose a different activity instead. You can bring a book to read, or go for a walk in a nearby park or neighborhood as an alternative. These will keep you from being tempted to spend money. Don’t shop unless you absolutely need something. ...continue reading

overwhelmed by your debtPaying off debt is hard and very emotional. That's something I've definitely touched on before. It's even more difficult if you've got a large amount of debt that you are trying to pay off.

I also know firsthand that it's even possible to be overwhelmed by your debt because you don't know how much you have or how to get started paying it off. I've been there!

When you start to feel overwhelmed by your debt, here are 6 steps and things to consider to start making a dent in your debt.

Make a List

Gather all of your invoices and bills to see just how much you owe and to whom. Make a list as you go so you can get a grand total of all of your debt and bills.

Create a Budget

Based on the list you made, create a monthly budget of what you owe. Is your income enough to cover the monthly expenses you have? If the answer is yes, you should be in pretty good shape. However, if the answer is no, you have two choices: Increase your income, or decrease your expenses. it sounds simple, and to a point it is. But decreasing your expenses when you've grown accustomed to your lifestyle can be a hard pill to swallow.

Reduce Your Spending

If your monthly budget is greater than your income, take a hard look at where you are spending your money. Do you really need to have extra channels on your cable television bill? Maybe you could cancel your gym membership and exercise on your own instead. It’s time to make the tough decisions and get your expenses down to a manageable level. ...continue reading