Free Articles  >>  Business And Finance >>  Page 3657  >> 

My Budget Plan is Balancing My Check Book

Is that the way you do your budget plan? Do you even balance your check book? Maybe you can't even find your check book? Do you even have a budget plan? Do you understand where your hard earned cash is going? Does your debt keep increasing and you have a runaway debt train on your hands? Do you just pull out your credit card and never check the balance till the credit card is denied? Do you use the credit card for another swipe into debt?

Most consumers have no idea how much debt they are in, until the credit card debt is too high to pay down. Then they transfer the credit card balance to a lower interest rate card. Problem is, many people will start using the card they just paid off, increasing their personal debt more. This action of not planning and keeping a budget plan causes another ugly mark on their credit score and increases personal debt to a level they eventually are unable to maintain. Then is not the time to start a budget plan, but that is when many people realize their debt load is crushing them and have to find a way to solve it. Some solve it by bankruptcy, some by debt consolidation and some by making a debt reduction plan and working their way to the surface again.

Most people continue their debt spending ways till the decision is so large and agonizing that they do not want to handle it and then destroy their credit for many many years. You don't have to go that far before it is too late to handle your debt, take the time now and look at your credit card statements. Don't apply for new credit cards; watch out for the credit card enticement of moving your credit card balance from one credit card to another. If you do move your credit card balance to another credit card to reduce debt, make sure you never, ever charge on that old credit card again. Remember when you open up another credit card in the hopes of removing debt, you just caused an action on your credit score and it is usually not a good action.

But your debt can be reduced by looking at all your bills and debts. You might have heard to pay off the debts with the highest interest rates. That's old school because most people lose focus or get depressed because the highest rate could be a large debt you're trying to pay off.

I have found that the best method is to pay off the smallest debt first, this way you can see progress. Once you pay off that bill take all the money used to pay down that debt and apply it to the next bill plus what you had been paying on that debt. Before you know it, the debt will shrink and you'll be less stressed from the shrinking debt. Maybe then you can spend a night on the town without worrying about how to pay for it.

About Author MJ Jensen :

MJ Jensen has studied Real Estate from the Homeowners perspective for over 20 years. He provides tips on mortgage problems, and understanding debt and credit solutions for consumers. You can visit his site at <a href="" target="_blank"></a>

Article Source:
Article Url:

Article Added on Wednesday, June 11, 2008
Other Articles by MJ Jensen

Top Secret Bulletproof Budget Plan for Better Recession Busting Part 1
Top Secret Bulletproof Budget Plan for Better Recession Busting. (Part 1) Every day the media is telling everyone we are in a recession. Some experts are even saying to hold on because the United States could face a full blown Depression, the likes of which our country has not seen since the great Depression of the 1930's. Unemployment going up, people are losing their jobs by the thousands every month. The cost of gas has doubled in less than four years and the oil companies are getting...

Top Secret Bulletproof Budget Plan for Better Recession Busting Part 2
Top Secret Bulletproof Budget Plan for Better Recession Busting. (Part 2) This article is a continuation of a two part series on a simple but effective budget plan to fight debt. 7. Fun Stuff. This is the items you do for entertainment or relaxing. Could be a night on the town, fast food when running to the next sports practice, travel, or other items that may actually make life worth living some days. It is vital that you don't think of this category in a negative light, it is important;...

The 3 Most Common Foreclosure Rescue Scams Homeowners Face When Looking For Help
Foreclosures are increasing nationwide. Homeowners desperate to stop foreclosure are falling victims to scams that promise to rescue homeowners from foreclosure. what these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home. Your mortgage lender or any legitimate financial counselor can help you find real options to avoid foreclosure. If someone offers to negotiate with your lender and offers to arrange to stop or delay foreclosure for a fee,...

The Secret To Metabolism Boosting and It s Not Aerobics
The basic weight loss method behind cardiovascular exercise (or any kind of exercise, really) is, as you know, a matter of catabolism (The metabolic breakdown of complex molecules into simpler ones, often resulting in a release of energy). Essentially, if you can design your body to require more energy, your body will respond by breaking cells down to deliver it; and that method (metabolism: In some substances within your body are broken down to yield energy for vital processes while other...

Not Another Story On Protein
There is a vast quantity of foods that you can eat these days. A shopping trip to the grocery store can be an adventure. Everywhere you turn, there's yet another food promising you it is healthy, low fat or speeds weight loss. Added to this confusion is that there are some foods that are beneficial for metabolism, and some that aren't; and the differences aren't always easy to detect. luckily, we're going to tackle this problem right now and describe the three basic food groups/types that are...

Lose Weight by Eating More
? Yes, Studies have found that you can lose weight by eating more, and eating frequently throughout the day can be very good for boosting your metabolism and helping you to achieve your weight loss goals. There are a couple of reasons for this. The first reason is that people who eat small portions eat throughout the day snack less. Therefore, they tend to avoid the potato chips or candy bars that they might otherwise consume if they suddenly felt hungry. The second reason, is that by eating...

Publishers / Webmasters
Article ID: 79818
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

222 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Shared Linux Hosting Provided By AwareIndia

Company IDS