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What Are the Pros and Cons of a Debt Reduction Plan

Debt Reduction Counseling and Credit Rating

Debt reduction is something we may have to face at some time in our lives. Some people may have overspent and others may have had a period of unemployment or underemployment that caused them to over extend on their credit cards. Medical expenses have also caused people to incur more debt that they can handle.

If you are in the situation where you need to reduce debt here are the basic option available otherwise known as debt solutions. Debt solutions are process where we can pay off these debts completely instead of declaring bankruptcy which is harder to do than it used to be. There are usally two kinds of debt solutions. One is a debt settlement plan and the other is credit counseling programs.

This is a preview of What Are the Pros and Cons of a Debt Reduction Plan. Read the full post (593 words, 1 image, estimated 2:22 mins reading time)

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Posted by Madelaine - January 30, 2012 at 11:51 pm

Categories: Credit Cards, Debt Management, Finance   Tags: , , , , , , , , ,

Frugal Retirement Living

Retire Early and Frugally


Here is an interesting perspective on frugal living that goes along with our mission to live frugally but still enjoy life and live well.

One author of a frugal living blog describes frugal living as “to look at optimizing efficiency and utility – one will become frugal, rather than just do frugal things.”

This blogger claims he spend about 75% less than the average person, and yet gains an equivalent level of satisfaction.

One of things he mentions that helps you cut expenses during retirement is to live in a smaller dwelling and be within walking (or cycling) distance from work, libraries, and shopping areas.

This is a preview of Frugal Retirement Living. Read the full post (592 words, 2 images, estimated 2:22 mins reading time)

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Posted by Madelaine - January 24, 2012 at 5:16 am

Categories: Finance, Retirement, Saving Money   Tags: , , ,

Medical Bills and Credit Rating

Medical Bills and Collection Agencies

Everyone watches their credit rating and if you don’t pay a bill you are usually aware that you didn’t pay the bill but medical bills can go unpaid and you will not even know it. Your credit rating gets affected and you can spend a lot of time and money trying to figure out what happened. If you have health insurance you are not immune from this happening to you.

Let’s briefly go through the process of what happens with medical bills so you can learn how to prevent this from happening to you and damaging your credit rating.

This is a preview of Medical Bills and Credit Rating. Read the full post (758 words, 1 image, estimated 3:02 mins reading time)

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Posted by Madelaine - January 17, 2012 at 8:38 pm

Categories: Debt Management, Finance   Tags: , ,

Journey into Frugal Living Made Easy

Everyday Cheapskate

Cheapskate Living Baby Steps!

At first when you hear the phrase frugal living it sounds like you have to start reusing your aluminum foil over and over again or living on macaroni and cheese like you did when you were younger.

You think it is just a nice way of saying you don’t make enough money. Believe me, I have been there. Actually though frugal living means something completely different. Not like the Monty Python and now for something completely different but a more peaceful way to live. There are many wealthy people who engage in frugal living and it is probably one of the reasons they are wealthy.

This is a preview of Journey into Frugal Living Made Easy. Read the full post (604 words, 2 images, estimated 2:25 mins reading time)

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Posted by Madelaine - January 7, 2012 at 6:27 pm

Categories: Credit Cards, Finance, Retirement   Tags: , ,

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