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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.

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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.

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

Categories: Debt Management, Finance   Tags: , ,

Simple Ways To Force Yourself To Save For Retirement

Do You Need To Save For Retirement?

If you ask most people if they need to save for their retirement, and they are honest about it, they will say they needed to start saving long ago. Of course, most people had some sort of retirement plan set up in the past But the average American has not stayed on course, and they do not believe they have enough saved for a comfortable retirement at all.

If you would like to get back on course with your retirement plans, there are dozens of ways to do it. Some of these plans are open to almost everybody.

This is a preview of Simple Ways To Force Yourself To Save For Retirement. Read the full post (393 words, 1 image, estimated 1:34 mins reading time)

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Posted by admin - January 10, 2012 at 1:55 pm

Categories: Retirement   Tags:

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