Proud_Nana
Member
WHY? I for one enjoy reading the 'wise' words everyday. If you don't need or want the advise, then don't read it.
Conquer Debt Year Round
- Thread starter ProfMoneyWise
- Start date
ProfMoneyWise
Member
Conquer Debt Year Round Sunday
November 20
How long will you have to budget, maintain an emergency fund, keep car and home maintenance funds, and always be thinking about personal finance?
Answer: Forever
This new way of thinking isn't a one and done type deal. However, changing your mindset to succeed in personal finance only has to be done once.
Change the way you think, get your financial life in order, and keep it there!
November 20
How long will you have to budget, maintain an emergency fund, keep car and home maintenance funds, and always be thinking about personal finance?
Answer: Forever
This new way of thinking isn't a one and done type deal. However, changing your mindset to succeed in personal finance only has to be done once.
Change the way you think, get your financial life in order, and keep it there!
ProfMoneyWise
Member
Conquer Debt Year Round
Monday November 21
An 18% credit card is 1.5% interest per month.
If you owe $1,000 your interest will be at least $15 for the month. If your minimum payment is 4% you send in $40, of which $15 is interest. Next month your interest is figured on your new balance which is $975.
Do you see what I’m getting at? Don't be blind to the amount of money you're paying over and above what you actually used. Don't fall for their tricks.
Monday November 21
An 18% credit card is 1.5% interest per month.
If you owe $1,000 your interest will be at least $15 for the month. If your minimum payment is 4% you send in $40, of which $15 is interest. Next month your interest is figured on your new balance which is $975.
Do you see what I’m getting at? Don't be blind to the amount of money you're paying over and above what you actually used. Don't fall for their tricks.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday November 22
The Conquer Debt Calendars have been criticized because they lack complicated formulas and spreadsheet equations.
Critics say it's boring, mundane common sense that covers nothing more than the importance of staying out of debt by living on less than you have, working from a budget, saving for emergency funds, and having a financial plan.
To my critics I say . . . “YOU BETCHA!”
Tuesday November 22
The Conquer Debt Calendars have been criticized because they lack complicated formulas and spreadsheet equations.
Critics say it's boring, mundane common sense that covers nothing more than the importance of staying out of debt by living on less than you have, working from a budget, saving for emergency funds, and having a financial plan.
To my critics I say . . . “YOU BETCHA!”
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday November 23
You walk by the booths at the carnival because they are rigged games, but yet you use credit cards.
Do you get what I’m trying to tell you here?
Wednesday November 23
You walk by the booths at the carnival because they are rigged games, but yet you use credit cards.
Do you get what I’m trying to tell you here?
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday November 24
Don't ruin this wonderful Thanksgiving holiday. It's the best holiday we have going. We eat, we watch football, and we aren't obligated to buy anyone anything.
Please don't ruin it by going into debt on Black Friday. You deserve to treat yourself better than that.
Thursday November 24
Don't ruin this wonderful Thanksgiving holiday. It's the best holiday we have going. We eat, we watch football, and we aren't obligated to buy anyone anything.
Please don't ruin it by going into debt on Black Friday. You deserve to treat yourself better than that.
ProfMoneyWise
Member
Conquer Debt Year Round
Friday November 25
"Black Friday” is so named because it is the day retailers make their money. If you are participating it is only with cash and with a set budget on what you are going to spend. The day is full of pitfalls to get you to spend more than you have. So who’s going to win here? You or them?
Don't spend what you don't have!
Friday November 25
"Black Friday” is so named because it is the day retailers make their money. If you are participating it is only with cash and with a set budget on what you are going to spend. The day is full of pitfalls to get you to spend more than you have. So who’s going to win here? You or them?
Don't spend what you don't have!
ProfMoneyWise
Member
Conquer Debt Year Round
Saturday November 26
Sensibility Saturday and Sunday follows Black Friday.
This is when you take back those things you bought on credit on Black Friday.
You’ve had your fun buying them, but it’s time to take them back.
They aren’t yours and you know better.
Saturday November 26
Sensibility Saturday and Sunday follows Black Friday.
This is when you take back those things you bought on credit on Black Friday.
You’ve had your fun buying them, but it’s time to take them back.
They aren’t yours and you know better.
ProfMoneyWise
Member
Conquer Debt Year Round
Sunday November 27
When you're car shopping scour the private sales in the paper. There are a lot of people selling cars they can't afford. You get a good deal and you're helping them address their debt. Win/Win.
If you're upside down on your car and the payment is killing your chances of success then get rid of the car. Price it for private sale and move on.
Your next car may be a clunker, but it will be yours free and clear.
Sunday November 27
When you're car shopping scour the private sales in the paper. There are a lot of people selling cars they can't afford. You get a good deal and you're helping them address their debt. Win/Win.
If you're upside down on your car and the payment is killing your chances of success then get rid of the car. Price it for private sale and move on.
Your next car may be a clunker, but it will be yours free and clear.
ProfMoneyWise
Member
Conquer Debt Year Round
Monday November 28
Budgeting an irregular income is harder than budgeting a set amount income. But, it doesn't get you out of having to do it.
Remember, while the income may bounce around your fixed expenses don't. Housing, utilities, food, gas and oil remain pretty constant. Tackle those first and the others will fall into place.
Monday November 28
Budgeting an irregular income is harder than budgeting a set amount income. But, it doesn't get you out of having to do it.
Remember, while the income may bounce around your fixed expenses don't. Housing, utilities, food, gas and oil remain pretty constant. Tackle those first and the others will fall into place.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday November 29
Prospective employers check your credit report. How does yours look?
Tuesday November 29
Prospective employers check your credit report. How does yours look?
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday November 30
The person selling the vehicle, be it dealer or private, has a number in mind. You need to do the same. If you don't, it's not a fair fight.
Wednesday November 30
The person selling the vehicle, be it dealer or private, has a number in mind. You need to do the same. If you don't, it's not a fair fight.
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday December 1
"Paid-For Christmas"
Don't put one present under that tree that you haven't paid for in full. This is your life, take control.
Thursday December 1
"Paid-For Christmas"
Don't put one present under that tree that you haven't paid for in full. This is your life, take control.
ProfMoneyWise
Member
Conquer Debt Year Round
Friday December 2
With all the resources available there is absolutely no reason to over-pay for a vehicle. There is Kbb.com or nada.com, just to name a few.
Let your top price be the amount you would get if you tried to re-sell the vehicle immediately after buying. This would be as a private sale, not trade-in. And. yes. this is a used car. Unless you have millions you have no reason to have a brand new car.
Friday December 2
With all the resources available there is absolutely no reason to over-pay for a vehicle. There is Kbb.com or nada.com, just to name a few.
Let your top price be the amount you would get if you tried to re-sell the vehicle immediately after buying. This would be as a private sale, not trade-in. And. yes. this is a used car. Unless you have millions you have no reason to have a brand new car.
ProfMoneyWise
Member
Conquer Debt Year Round
Saturday December 3
As a borrower you are slave to the lender. Refuse to be a slave and start the process one dollar at a time.
Saturday December 3
As a borrower you are slave to the lender. Refuse to be a slave and start the process one dollar at a time.
ProfMoneyWise
Member
Conquer Debt Year Round
Sunday December 4
Needs and Wants: Needs are paid for with cash. Wants are paid for on credit.
If you "want" something think of the interest you will have to pay. I hope you find you don't "want" it anymore.
Sunday December 4
Needs and Wants: Needs are paid for with cash. Wants are paid for on credit.
If you "want" something think of the interest you will have to pay. I hope you find you don't "want" it anymore.
ProfMoneyWise
Member
Conquer Debt Year Round
Monday December 5
The fact Christmas is approaching is no reason to spend money that isn't yours. Don't spend what you don't have. It's really that simple.
Monday December 5
The fact Christmas is approaching is no reason to spend money that isn't yours. Don't spend what you don't have. It's really that simple.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday December 6
Think back. Do you really remember every gift you ever received?
In other words, piling presents on the kids is going to be lost on them in the long run. While the memories of the gifts will fade, the damage to your personal finance can last forever.
Tuesday December 6
Think back. Do you really remember every gift you ever received?
In other words, piling presents on the kids is going to be lost on them in the long run. While the memories of the gifts will fade, the damage to your personal finance can last forever.
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday December 7
Tell friends and family you're opting out of the gift exchange this year because you're addressing your debt.
If you're embarrassed it should be about being in debt, not about opting out of gift giving.
Opting out is a must.
Wednesday December 7
Tell friends and family you're opting out of the gift exchange this year because you're addressing your debt.
If you're embarrassed it should be about being in debt, not about opting out of gift giving.
Opting out is a must.
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday December 8
Presents under the tree that aren't paid for in full don't belong there. Don't do it, you know better.
Thursday December 8
Presents under the tree that aren't paid for in full don't belong there. Don't do it, you know better.