Many of has have debts to pay for, and all of us of wants to get out of our debts, and here I provide you with my personal guide on how to get your self out of debt.

Basically there are three main steps on eradicating your debts, and I will explain briefly on each steps

Step 1: Stop getting your self new debts

The main reason why getting out of debt is so hard for many people is because many of them keep adding new debts. And many of these new debts are “hidden”. Some examples are the using of credit card, financing a car etc. My first suggestion is to cut up your credit card and don’t make excuses. This applies to those creditcards for a safety net, convenience or cash-back bonuses. If you want to get out of your debt, cut them up. In fact, credit card is actually a trap if you are on a debt. It is save to have a credit card when you are not on a debt (with wise usage, of course). But if you are, it is strongly recommended not to use them or even having one at all. One more thing, those automated charges to your credit card, you should stop them. Either it is a gym membership or World of Warcraft or other recurring payments.

Step 2: Emergency Fund

The reason why we should save first BEFORE paying debts is to prepare for unexpected expenses such as for an accident or broken car. Now that you are not using a credit card, you should save some emergency cash. The amount is vary, depending on your need. But I think $1000 will be adequate for most people. Remember, DON’T use them unless it is an emergency.

Another suggestion is to save it on another bank account so that the emergency fund is ’save’ from debit card. This means that it is still liquid but not entirely easy to access it. One solution is to open an online saving account.

Step 3: Implement a debt snowball

The last step is paying your debt. Pay them hard. Pay them whenever you can, with whatever you can. A debt snowball might be your debt-free solution. Short version of it is this:

1. Order your debts from lowest balance to highest balance.
2. Designate a certain amount of money to pay toward debts each month.
3. Pay the minimum payment on all debts except for the one with the lowest balance.
4. Throw every other penny at the debt with the lowest balance.
5. When that debt is gone, do not alter the monthly amount used to pay debts, but throw all you can at the debt with the next-lowest balance.

Just remember the golden rule of paying debts: Start now. Don’t start tomorrow. Don’t delay.

Purchases can be deceiving sometimes…. Especially those “good deal” offers You see, we tend to look these things without thinking about the value. Many of us think that a good deal is all about price.So when I said that a good deal is a lower price, then I believe that many of you won’t argue that But actually, I think that a good deal must also involve other factor beside the price factor, which is the value of the item.

Now what I have here is a conversation between a low-price lover and value lover:

• Low Price Lover: “I got a great deal on my new bike!”
• Person Concerned with Value: “Really? That bike looks like a piece of junk that could break if you sat on it.”
• Low Price Lover: “Hey man, don’t dis’ my bike! Most bikes I looked at cost over a hundred dollars and this one was only $35. I got it for 65% less than every other bike I saw.”
• Person Concerned with Value: “You just bought $35 worth of junk.”

So you see how sometimes a good deal is actually a bad deal? you really have to count the value of the items before purchasing it… So, what is exactly a Good deal? and how do  you get a good deal?

Generally, a good deal means that you get an item that has a higher value for a lower than average price. Now the case where you buy an item with the same value and price would mean a standard deal, rather than a good or bad deal.

BAD deal: value lags behind price

This means that you are spending more money for some outrageous items; while the average price for those items are lower than the money you spent. The conversation above shows one of these bad deals… The bottom line is that it’s possible to get something for a really low price and still get a bad deal.

GOOD deal: Price lags behind value

Maximizing the value you get for a certain money you spent for an item is the best description for a good deal. This means that value/dollar ratio are high.

Now after we understand the difference between a good deal and bad deal, these are some tips for you on how to get a good deal

1. Shop second hand stores. Some folks love name brands. When you shop second hand you can still get the value of a name brand without the associated price increase.
2. Shop garage sales. Garage sales are filled with things that no longer appeal to their owners. In many cases, however, the items are still as valuable as ever. As a result, it’s possible to find like-new products at garage sales.
3. Shop off season. Who wants to buy shorts in September? You do! When you buy off-season, you can typically buy items for anywhere between 50-85% off. Now that is a great deal.
4. Inform the sales associate. When I bought my last computer, I started by simply telling the the sales rep that I was looking for a computer. After he showed me a few computers, I specified that I was looking for a good deal, and he then showed a number of items that had been deeply discounted for various reasons. Remember, as long as it fits your needs, and the value exceeds the price, you’re getting a good deal.
5. Anticipate your needs. The more time you have available to purchase your item, the more likely you are to find a good deal. For example, if you know in advance that you need new running shoes, you have time to shop around and a great deal. If, however, you head out the night before a big race, you’ll be forced to buy whatever is available regardless of price.
6. Look online. You can find some great prices online. If you’re not comfortable shopping online, then at least make some price comparisons and then ask a local store for a price match.
7. Be creative. You can get a great deal if you find a way to share a product or even if you find a different item that will fill the same needs. When making a purchase, you might also consider asking if the store will throw in something extra.
8. Inform friends and associates. If you are hunting for a particular item, be sure to let those around you know. It’s amazing the number of times someone has an item they are willing to sell (and even give away) for practically nothing. Take advantage of your networking groups.
9. Check out non-traditional shopping outlets. Craigslist and eBay are both great places to find a good deal . Find a flea market around.
10. Use cash. When purchasing items — especially from individuals — nothing makes them more anxious to make the sale than a flash of cash. They know if they make the sale there will be no hassles or problems with getting paid, so don’t be afraid to make an offer accompanied by a fistful of cash.

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It is time for another tips and tricks on shopping. Once in a while many of us have to make big purchases, and sometimes major purchasing can make us a bit confused. There are many aspects that need to be considered, whether it is the price, the warranty, and so on….

So here are the big purchase shopping guides:

Estimate Your Savings.

Paying big purchase all at once is the best option when you are able to do so. And the best way to do this is to allocate some money regularly. And to determine the amount of money you have to save each month, you have to know the price range of the thing you want to buy. For example, we want to buy a certain type of TV, and willing to save for 6 months. All we have to do is googling and find the price range of that device, and divide the price by 6. Get the idea?

Automate Your Savings

Ok now that we are trying to save each month rather than using credit card, we now have to automate that saving in order to prevent us from using that saving It is wise to have a separate saving account so that we are not tempted to use them. And all you have to do next is to automate the money transfer to that account. Easy, right? Oh, the most important thing here is that you have to be consistent.

Compare

After the money is gathered, you are good to go. The next step is finding the best deal. Now don’t judge the item by the price only. You have to find the best overall value for your money. If the item you want to buy is electronic items, check the specs accurately and make sure it offers you the specs that you want. Another thing is you have to find user reviews on it. You can find it on Amazon or Consumer Reports.

Once you’ve decided the items that you want to buy, you’ll want to search for special offers. Browse over at the internet and you might find some deals that offers you discount or something . You might also be interested in using price comparison search engines

Buy it and Protect your Purchase!

Ok another thing you want to focus is the price protection for your item. And therefore I recommend you to use websites like PriceProtectr to monitor the price drops of your item.

It’s also a good idea to check the benefits associated with your credit card. If they offer price protection, you may want to pay the item on the credit card — just be sure to pay it off in full with the money that you’ve been saving.

If you are a student, such as college students, surely you prime work is to study, but if suddenly you need to get some money to support your study (on the other hand, your parents cannot help you), what would you do? Don’t be confused about this. Try to get some student loan for you. But before you make some applications for the student loans, you must know about some things to prepare before you apply for the student loans.

Here are some things to consider before applying a student loan:

• First, off course, you must be a student of a school. You must a student at a school at least half time or on a continuing education basis.
• Second, you must in the range of the ages that the lenders needs. Of course, you also have to be an US citizen or at least even you are an international student, you still are able to get the loans but you must apply with the eligible US cosigner.
• You need to have good credit reputation in order that you could qualify. Those are the basic conditions that surely you should have to get the loans approval.
  

Without those conditions, perhaps you cannot get some student loans. Well, pay attention on those situations before you make some loan applications.

Hi. First of all I want to apologize for the late-late post. For the last two weeks I transferred the site to a new home and then I was out of town for a week and got very-very busy. So I’m back now and I’m gonna sum up several news I missed over the week…

Regards,

Caldenni – the admin

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