Monthly Archives: August 2006
Building Emergency Savings While Eliminating Debt
| August 12, 2006 | Posted by derek under Debt Reduction, Savings |
For those of you that are in the process of eliminating your debt or even for those that have yet to take that first step towards being debt free, do you have any level of emergency savings? Too often the answer to that question is no. The standard rule of thumb is to have emergency… continue reading
Finally Debt Free 60 Years Later
| August 10, 2006 | Posted by derek under Debt Reduction, General |
When William Fogarty discovered that he had never delivered the money order to pay for his parking ticket, he promptly drafted a letter to the Norfolk, VA police department and enclosed his debt. What makes this somewhat unique is the fact that the parking ticket was issued back in 1946. $1 and debt free. Would… continue reading
Annual Credit Report
| August 9, 2006 | Posted by derek under General |
As I am sure many people are aware, you are now entitled to request a free credit report once every 12 months from each of the nationwide consumer credit reporting agencies: Equifax, Experian and Transunion. While many people are aware of this fact, it is important to know the correct website to visit for this… continue reading
What is F.I.R.E?
| August 9, 2006 | Posted by derek under Retirement & Investing |
Financial Independence / Retired Early.
Are you tired of your job? Would you prefer to spend each day pursuing your hobbies and personal interests? Have you taken the time to plan your future so you know when the day will come when you will be FIRE?
Too many people seem to plod along, working each day to keep up with the dollars that they are spending. Retirement? That is too far away to worry about now, or so they think. Unfortunately, when one is caught up in the consumerism of society and living above their means, the time for retirement will be at their doorstep and they will be ill prepared. continue reading
Determine Your Credit Card Style
| August 6, 2006 | Posted by derek under Credit Cards, General |
Life styles are what make people unique. The way we wear our hair, the type of clothing and fashion we prefer, and the selection of decorations within our homes all makes up an individual’s style. The type of credit card we choose, and how we use it is also part of our individual “financial style”.
As people grow from children to adults, they often are seen imitating what they see their parents and close circle of friends doing. Just walk through the halls of any middle school, and listen to how certain groups talk and look- it’s almost as if they have their own mini-cultures! Children often learn how to handle (or not) their finances by watching their parents or caretakers’ deal with finances. continue reading
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