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Showing posts from May, 2009

No More Debting!

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Mary Hunt, a financial expert, talks about having the things you love without charging.

"The Smiths and Jones' – buy everything the same, have same income. The Jones' buy everything right now on credit and spend on average $1,200 per year on finance charges. The Smiths' save and have the exact same items, but put the $100 extra that they didn’t spend on finances in a savings account. In 10 years, the Smiths have $21,000 in their savings account!

If you even ever carrying a balance for one month on your credit cards, you are debting. You are spending more than you make because you can't pay it off that month.

Stopdebting. No more. Any interest you pay on debt is money lost. Money that could be saved or used for other purposes, like giving.
Find other creative ways to buy things.

• Get one filling done at a time at the dentist.
• Selling something on Craigslist to pay for that Carnival coming up that your family wants to go to.
• Call your bank and setup an automatic debi…

Mother's Day - 2009

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