Comments on: Better Money Management http://www.fourmajor.com/index.php/2009/05/25/better-money-management/ fourmajor | blog Fri, 30 Apr 2010 06:51:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: ben http://www.fourmajor.com/index.php/2009/05/25/better-money-management/comment-page-1/#comment-88010 ben Thu, 28 May 2009 15:58:03 +0000 http://www.fourmajor.com/?p=677#comment-88010 so here's what I emailed you, let's see if it is still applicable: a) pay off 1 credit card with a balance transfer to another - this usually earns you a 0% interest rate for 6 months to a year... or something VERY low (mine was .5%, way better than 19% i was paying on the other one) b) consolidate all your stuff - it looks like you know that one, that was important. putting all of your debt into one place, with a low rate is the best way not to be paying % to several places... your payments go more towards your debt, not towards their jet (heh, that rhymes... i like that!) c) freeze your cards if you have to... you don't have to do this literally, but some people do the old Put your credit cards in a bag of water and freeze the bag trick... d) try multiple savings accounts - that's why i started the smartypig account... i figured out how much i will probably need for a refinance of the house, and when i want to do it, and smartypig automagically withdraws from my account, right on payday, and puts it in a savings account for me... i never see the money, i can't spend it. i only just started it, but i'm hopeful it will work out well, hehe the last thing is that i've been following a lot of people on twitter that talk about it, also, stealing my dad's Money magazines, hehe. this is one that i've just started reading, she (i think "she") had a lot of debt and worked her way out of it... it's pretty impressive (i certainly can't seem to cut back like she has...) - she has a lot of links to other money blogs too: http://moneypenny.me/ so here’s what I emailed you, let’s see if it is still applicable:
a) pay off 1 credit card with a balance transfer to another – this usually earns you a 0% interest rate for 6 months to a year… or something VERY low (mine was .5%, way better than 19% i was paying on the other one)
b) consolidate all your stuff – it looks like you know that one, that was important. putting all of your debt into one place, with a low rate is the best way not to be paying % to several places… your payments go more towards your debt, not towards their jet (heh, that rhymes… i like that!)
c) freeze your cards if you have to… you don’t have to do this literally, but some people do the old Put your credit cards in a bag of water and freeze the bag trick…
d) try multiple savings accounts – that’s why i started the smartypig account… i figured out how much i will probably need for a refinance of the house, and when i want to do it, and smartypig automagically withdraws from my account, right on payday, and puts it in a savings account for me… i never see the money, i can’t spend it. i only just started it, but i’m hopeful it will work out well, hehe

the last thing is that i’ve been following a lot of people on twitter that talk about it, also, stealing my dad’s Money magazines, hehe. this is one that i’ve just started reading, she (i think “she”) had a lot of debt and worked her way out of it… it’s pretty impressive (i certainly can’t seem to cut back like she has…) – she has a lot of links to other money blogs too:
http://moneypenny.me/

]]> By: FourMajor http://www.fourmajor.com/index.php/2009/05/25/better-money-management/comment-page-1/#comment-87852 FourMajor Tue, 26 May 2009 05:11:25 +0000 http://www.fourmajor.com/?p=677#comment-87852 Haha I thought you might be the first to comment ;-) Haha I thought you might be the first to comment ;-)

]]> By: mummersem http://www.fourmajor.com/index.php/2009/05/25/better-money-management/comment-page-1/#comment-87828 mummersem Tue, 26 May 2009 00:20:40 +0000 http://www.fourmajor.com/?p=677#comment-87828 Glad to see you writing again and this is very interesting. Glad to see you writing again and this is very interesting.

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