We know that the federal deficit is ballooning at a rather scary pace. However, the growing debt that we see is only a part of the picture. There is probably more debt to come as we work to get out of our financial mess, and as the government deals with the burdens placed upon it.
As you know, the provisions from the Credit CARD Act are taking effect. Some of these changes definitely offer better protection, but it doesn’t mean that you can just ignore the letters that come through the mail. When it comes to credit cards, you will always need to read the fine print. Credit card issuers still have a lot of leeway, and you need to be on your guard.
If you read enough personal finance blogs, you’ll see a common theme and the number one answer to your financial dilemma — “Spend Less than You Earn”. Unfortunately, it’s easier said than done, otherwise, we wouldn’t have this rampant debt problem in our society. Fortunately, I went through this myself, and over the years, I’ve learned a few tricks that might help you.
Photo by Mil8 via Flickr
The secret to spending less than you earn
Step #1
Welcome to the 104th edition of the Money Hacks Carnival! I couldn’t make up my mind on the theme so I went directly to the source of all light and knowledge – my wife. I ran a couple of my ideas by her and she offered a fun twist on one of them.
There’s no shame in admitting it: It’s possible to make it through college and into the real world without having the first idea about investing, money management, or anything that deals even remotely with finances. But thanks to the growing number of Web sites and online tools devoted to fiscal responsibility, it’s easier than ever to jump right in and begin to control your spending, your debt, and your financial future.
Investing
SmartMoney.com: This site is part of the Wall S...
The holiday season is here and Christmas is rapidly approaching. For many people, the holidays mean a great deal of gift buying and giving, travel to and from family, and social occasions with co-workers and friends. All of those activities cost money and many people find themselves in serious debt every January. How can you avoid the debt-laden aftershock of the holidays? There are several ways to plan and prepare or adjust how you go about holiday spending.
Photo by Beige Alert via Flickr
You...
I’m very pleased to be hosting the 232nd edition of the Carnival of Personal Finance. This being the weekend before Thanksgiving I thought it would be prudent to provide my own survival tips for you to successfully navigate the Thanksgiving holiday.
I believe marketing helps us gain knowledge of products, services, and opportunities. I also believe marketers try to open our heads and rewire us to buy their stuff. We need to understand that they want our money and that it is Us vs. Them.
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