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The Cost of Clutter on Your Finances and Life

We are a nation of junk collectors.  Look around your house.  Do you see any clutter?  Are there things you own that you know you shouldn’t have purchased?  Are there items you purchased but have never used?  Look in the closet.  Are there any clothes with the price tag still on them?  Any non-perishable food you bought that you decided you just don’t want to eat?  Any expired food?

I thought so.

The Cost of Clutter

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Debt Doesn’t Mean You’re a Bad Person

How often have you heard of people covering up their debts? Or even worse, going into more debt buying things they don’t need to prove to people that they’re “not in debt.”  Too often, this shame someone feels drives them into further debt and causes havoc in other areas of their life.  I’m here to tell you there is another way!

Being in debt does not make you a bad or irresponsible person! I mean, if it did, then anyone who is making payments on a car or house is deemed a “bad person.”  More specifically though, I’m referring to serious consumer debt.  I feel that often times, people who have spending problems cover up their debt or feel ashamed about what they’ve done.  If you keep following a pattern of consumer debt and doing nothing about it, then yes, you are irresponsible!  But, it’s all about how you deal with your debt.  If you realize the damage you’re doing to your finances and do something about it, you learn a tough lesson and move on with life.
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Are Banks Ratcheting Up Their Profiling Efforts?

You know that your consumer profile is used by financial services providers to make a number of decisions about you. Before I could get satellite TV service, I had to submit to a credit check.  Employers increasingly want a peek at your credit report, and insurers often use your credit as one of the criteria in determining your premiums.  But your credit history isn’t the only thing that others are interested in.  Consumer behavior — and how to protect against risks — is becoming a major concern of many financial services companies. Which is why banks are increasing their efforts to learn more about you.Continue Reading

Should You Use Your Credit Card to Buy Gold or Silver?

Gold and Silver Coins

Gold and silver prices have been on the increase for many months and this is no surprise to Gerald Celente, the CEO of Trends Research Institute, business consultant and publisher of the Trends Journal.

This “Trends Expert” stated that gold and silver prices would continuously increase almost two years ago.  As CNN Headline News stated, “When CNN wants to know about the Top Trends, we ask Gerald Celente.”  As per usual, Gerald Celente called it right.

Many financial experts are stating that gold and silver demands will continue to be high for quite some time to come.  According to the vice president of the RBC Capital Markets Global Futures George Gero, he stated at Forbes.com that worries about the US debt and tensions in the Middle East are a couple of reasons why investors like to turn to gold.

As of the posting of this blog, gold was $1548 per ounce and silver was $36.21 per ounce.  Compare that to one year ago, gold was about $1200 per ounce and silver was $18.50 per ounce.

So investing in gold and silver is still proving to be profitable.
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Try a No Spend Month: Your Wallet Will Thank You

Do you find your expenses creeping up month after month? Do you use cash but don’t know where all of the money goes at the end of the week?  Do you feel you have gotten a bit lax with personal finance?  If so, you may want to try to have a no spend month.

During a no spend month, you limit yourself to only a certain amount you can spend on variable expenses.  My family has had two no spend months, and each time we allowed ourselves to spend no more than $500 on variable expenses including groceries, dining out, gas, entertainment, and miscellaneous.  Both no spend months made us more aware of our spending weaknesses and taught us some valuable lessons.Continue Reading

Investing VS Speculating: The Difference Between Building Wealth and Gambling

How do we know when we’re investing—or speculating but thinking we’re investing? It’s not always obvious.

One of the factors that can make it difficult to know the difference between investing and speculating is that both produce gains and losses.   Some sound investment strategies can turn losses for a few years, while speculating rakes in high returns just long enough to earn some credibility.

Since the lines between investing and speculating can often be blurry how do you spot the difference between the two?Continue Reading

Save Money on Vacation Plans with Frugal Staycation Ideas

Lego Indy On Vacation

I like to travel, but sometimes a vacation just isn’t practical. After all, a vacation can require quite a bit of planning — and expense.  You have to plan airfare (or pay for gas when you take a road trip), pay for hotel stays, and arrange for food.  All of this can become overwhelming as well as costly.  If you want to go on a trip, but know that a full-on vacation isn’t practical, you can plan a staycation.

Here are some ideas for frugal staycations:Continue Reading

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