http://www.destroydebt.com/blogs/katakmerah.html Debt and Money www.destroydebt.com Fri, 07 Dec 2007 02:10:29 GMT webmaster@destroydebt.com webmaster@destroydebt.com http://www.destroydebt.com/blogs/katakmerah/68-eliminate-your-debt-.html http://www.destroydebt.com/blogs/katakmerah/68-eliminate-your-debt-.html Fri, 07 Dec 2007 02:10:29 GMT The decision to eliminate your debt or put your money into savings is a tough one. There are many variables to consider before making the best decision for your situation. When you're working on a budget, a common question is whether to use your excess cash to rid yourself of debt or build up y...
When you're working on a budget, a common question is whether to use your excess cash to rid yourself of debt or build up your nest egg. Financial experts agree that savings is an important part of every budget and most recommend putting 5% - 10% of your income each month into savings. Is this a good idea when you're in debt? It's an important decision to make. While having a savings account is a way to plan for the future, becoming debt-free is an excellent strategy for creating long-term financial health.

Review Your Debt
An easy way to get a big picture view of your debts is to write them down. Make a list of your debts by creditor name, amount owed, and interest rate. List them in the order of highest interest rate to lowest interest rate

Its your Hand choices now ..

So far it may sound as if paying off debt before investing in savings is the best option. Keep in mind, most financial experts recommend budgeting 5% - 10% of your income each month for savings. They also recommend having three to six months worth of living expenses in an emergency fund. So what should you do? Here are the options so far:

Pay off debt before investing in savings. This will look good on your credit profile, but you won't have a financial cushion if you need it.

Make the minimum payment required on your debt and create a savings account. This will give you a financial cushion, but it will prolong the life of the debt and may cost you more money in the long run.

Find a balance between paying off debt and investing in savings. Paying off debt now while working toward building a savings puts you in control of your money. You may want to pay slightly more than the minimum payment required on your debt and put the rest in savings.

]]> http://www.destroydebt.com/blogs/katakmerah/67-save-your-credit-card-and-avoid-debt.html http://www.destroydebt.com/blogs/katakmerah/67-save-your-credit-card-and-avoid-debt.html Fri, 07 Dec 2007 02:05:33 GMT Save your Credit Card and Avoid Debt Pay early and pay less! You can save on monthly finance charges if you pay your bill before the grace period begins. How quickly you can send in your credit card payment will affect your monthly interest charges. In the examples below, sending a payment cl... Save your Credit Card and Avoid Debt


Pay early and pay less! You can save on monthly finance charges if you pay your bill before the grace period begins.

How quickly you can send in your credit card payment will affect your monthly interest charges. In the examples below, sending a payment close to the due date almost doubles the monthly finance charge on your balance.

Make sure You also looks to finance issue too!


Finance charges are the price you pay for using borrowed (the credit grantor's) money. The timing of when your payment reaches the credit card company can have a significant impact on the amount you pay in monthly finance charges.

Your credit card statement indicates the date your account closes each month and reflects any activity on the account as of that date. The greater the balance on the closing date, the more interest is charged on your account. In the period between the closing date and the due date, any credits (payments) and debits (charges) to the account are calculated, and the closing balance is adjusted. Finance charges are added to the balance, along with any fees you may have incurred, such as ATM fees or cash advance fees.

The time between the bill closing date and the due date on the account is referred to as the grace period. The standard grace period is 20 to 25 days. For example, if the bill closing date on your card is the 10th of the month and your payment is due on the 30th of the same month, the grace period is the 20 days between the 10th and the 30th. If you pay the entire balance by the due date, you won't have to pay additional interest for the charges you made during the month. But if you carry a balance on your credit card, there is no grace period and a finance charge is added as soon as the purchase is made

So, i think this one really can help you. But be careful. Many people ignore it because think they can handle it by theirself.]]> http://www.destroydebt.com/blogs/katakmerah/11-did-you-think-student-loan-important-to-you.html http://www.destroydebt.com/blogs/katakmerah/11-did-you-think-student-loan-important-to-you.html Sat, 24 Nov 2007 03:14:54 GMT So, what do you think about Student Loan today? I know some of you no need to student loan because your family rich or you got schoolarship from any company or club. But for some people like me. I think  its really important. For people like me, who not have a rich family or enough money to spe...
Yes. I know we need to pay back that loan. Its already something we must done when we borrow something from others right? So, its same thing happen between me and the provider of that student loan. Thank god because some company or organization like that provide student loan. If not, i don't know how student like us can continue study at college or school. Even some people will said its too high for us to pay back with interest. But i still think student loan can help us a lots.  Especially for some poor student. Maybe thats a big help for them to change their fate.

So, I believe many benefit we can get from student loan. Student loans enable parents to cope with the daunting responsibility of ensuring the best education for their children. It helps students complete their graduation without having to be preoccupied or worried about finances for their education. In the past, parents have had to undergo considerable financial predicaments regarding the repayment of the different loans they had borrowed to pay for their children's education till they graduate from college. Now, all the various loans can be easily repaid with the help of student consolidation loan programs having extremely convenient terms of repayment which enable the individuals concerned to repay their loans within a relatively short period of time. So, I believe that loan really can make student and their family happy. No need to worry about the money and just concentrate for study.

I believe many people need that student loan if they not get any schoolarship. :)]]>