Reduce Debt Increase Wealth

Tracking for six months or longer and sometime may make mistakes in posting. What to look out for in the app. Setting up recurring posts and fixing older posts. 

Article Links: none found.

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Having a plan to reduce debt makes the process much easier. What is the plan and where to find a plan. 

Article Links:

https://www.thebalancemoney.com/debt-elimination-plan-2385990 By Courtney Johnston

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The basic rules of staying debt free how to go about getting high interest debt gone. Not an easy task but can be done once the rules are applied consistency. It starts with knowing there a problem and a plan to get the problem under control. 

Article Links:
https://www.tiaa.org/public/learn/retirement-planning-and-beyond/managing-your-money/seven-steps-to-more-effectively-manage-and-reduce-your-debt

https://www.consume...

The basic rule of personal finance is simple, but most forget about them. These are the basic rules to remember and put into use daily. There are some debts that cannot avoid and are necessary for everyday life. Knowing how to manage debt can help avoid getting deeper into debt.

Article Links:
https://suitsmecard.com/blog/9-essential-rules-of-personal-finance-that-you-should-follow 
https://www.bankrate.com/banking...

Managing large cost purchase is the basis of this episode. An auto or home the day will come when face with these decisions. What to do and how to approach the challenge. Article Link:
https://www.houselogic.com/remodel/budgeting-contracting/best-time-of-year-to-buy-things-for-your-home/

https://www.nerdwallet.com/article/finance/what-to-buy-every-month

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Using the control center to help reduce spending is a benefit of doing a control center. Seeing where money is going and taking control of spending help reduce debt. Keeping spending under control is necessary and is easy to do once know where the money is going. This episode will cover everything needed to control spending.

Article Links:
https://navicoresolutions.org/resources/blog/5-money-management-basic-habits-for...

Getting debt under control a plan is needed. Debt Reduction Plan must do more than just reduce debt to be successful. More about the Happy giraffe Debt Spreadsheet to work with every plan.

Article Link:
 https://Happygiraffe.org/live

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 There is another way to account for finances but before starting on that option going to follow up on some control center items. 

 Article Link: 

 https://Happygiraffe.org/live

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• Contact: ReduceDebtIncreaseWealth@Gmail.com
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Control Center is nothing more than a budget, this is the easy way to create and update the control center every week so knowing what happening in finance is current. Starting with the most simple budget for those who are struggling to pay down debt.

 Article Link:
https://www.nerdwallet.com/article/finance/budget-worksheet By Lauren Schwahn

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 Knowing the problems with personal finance the first fix is start tracking. Tracking is simple and once started does not require much time if kept up to date. 

Article Links:
https://www.nerdwallet.com/article/finance/tracking-monthly-expenses

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• Contac...

Most problems start with mistakes, in personal finance not doing things is a mistake. Knowing what to do is the best way to avoid the debt cycle and budget crisis staying inform with finances is the way to start. 

Article Links:
https://www.investopedia.com/personal-finance/most-common-financial-mistakes/ By Emily Norris
https://www.equifax.com/personal/education/personal-finance/top-money-mistakes/

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Getting control of personal finances and stopping creditors calls are a couple of benefits. This is a plan for the do it yourselfer and is easy to start and stay on track.

Article Links:

https://www.bankrate.com/personal-finance/debt/pros-cons-of-debt-relief/#consolidation By Holly Jonson
https://www.nerdwallet.com/article/finance/find-debt-relief By Dev O’Shea

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Having and keep a budget up to date has benefits. Tracking will help in this process but putting the number in front to compare what happen is a big factor in getting personal finances in order.

Article Links:
https://www.investopedia.com/financial-edge/1109/6-reasons-why-you-need-a-budget.aspx By Amy Bell
https://www.incharge.org/financial-literacy/budgeting-saving/budgeting-benefits/ By Michael Knisley

Most do not keep track of spending, which is when problems can and will start. Too much debt is cause by spending too much money  and unaware of that problem.

Article Links:
https://www.myhubble.money/blog/the-benefits-of-tracking-your-spending-habits
https://www.lifehack.org/482228/5-surprising-benefits-of-tracking-your-spending By Sharen Ross
https://oboloo.com/blog/the-importance-of-keeping-track-of-expens...

Have debt problems this episode talks thru all the steps to getting debt under control. Beginning with identifying the problem and the steps to take to tackle this problem.

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• Contact: ReduceDebtIncreaseWealth@Gmail.com
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What it takes to pay off credit and tips and tricks to make the process easier. Do it yourself is the cheapest way to reduce debt but must be able to make tough decisions then carry thru with them.

Article Links:
https://finred.usalearning.gov/Money/DebtTraps
https://www.nerdwallet.com/article/finance/find-debt-relief By Bev O’Shea
https://www.consumerfinance.gov/about-us/blog/easy-remember-guidelines-help-peo...

Once tracking has been done for the last 30 plus days, now it time to start a budget or control center. The tracking will make the control center easier to setup and to maintain. Vacation time and how that affect the tracking and budgeting process.

Article Link:
http://mappingyourfuture.org/money/budget.cfm

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Knowing the basics of personal finance, the tracking makes more sense. Everything will start to fall into place as to the importance for personal finance. Tracking of monies into and out of checking will start to full fill the five aspects of personal finance. Then creating a budget will be the control center to increase savings and achieving other goals.

Article Link:

https://www.nerdwallet.com/article/finance/tracking-monthly-expe...

Knowing the basics about personal finance is necessary for debt reduction. Everyone should understand personal finances to plan and pay bills. This includes savings for future purchases and taking care of basic needs. 

 Article Link:
https://www.annuity.org/personal-finance/  By Terry Turner

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