Credit Cards Can Be Evil

It is common knowledge that over the last few years, almost anyone could obtain a credit card, which is one of the reasons why so many millions of people are up to or even over the top of their head in debt. I am raising my kids on credit and it is really costing me!

This is no secret, nor is it a secret that many people are struggling to keep up with their credit card payments just to maintain a steady income.
As suggested, there are things that you can do to reduce your credit card burden, one of which is to pay off your credit card accounts from your mortgage. If you are in the fortunate position of being to do this, the first thing you should do immediately afterwards is to get rid of the freaking credit card that got you into this mess in the first place.

We’re not talking anything complex here.Do what I did! Take the biggest pair of scissors you can find and cut all of your credit card into the tiniest pieces. Start going without and paying in cash only and you are never going to go far wrong.

I have already mentioned that obtaining credit cards over the past few years has become incredibly easy. It is undoubtedly true that one of the reasons so many families have got into credit card debt to such a tragic extent is that most people were not satisfied with just one card.

Individuals with no previously proven financial track record, people who previously would have found it difficult to obtain even a store card, never mind a fully fledged credit card were inundated with offers of one card here, another card there and all too often, they took all of these offers up. I had terrible credit and still got credit at really high interest rates.

While the situation is to get rid of all your credit cards if at all possible, it may simply be impractical to do so, meaning that you have to look at the most efficient way of dealing with the credit cards that you retain either by choice or because of a lack of choice.

If you cannot add your credit card debt to your mortgage, an alternative is to consider is switching to a credit card lender who is offering a 0% interest rate on any credit card balance transferred to them. However, when you do so, there are a variety of potential pitfalls which you must keep your eyes open for.

Firstly, 0% interest rates are unlikely to last forever. Make sure that you understand what the interest rate is going to be like once this special introductory discount offer expires. Work out how much it is going to cost you once the ‘real’ interest rate kicks in, and how well this figure compares with what you would pay with your current card providers.

One final thing to be careful of is the fact that if you use the credit card which you obtained with the specific intention of transferring the balance to it, any additional purchases will be charged interest.

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Ways to Save Money At Home

There are literally dozens of different ways that you can save money around the home, all of which can help to lift the financial burden by at least some small degree.

The first and most obvious way of saving money is to spend less of it!

Of course, this is entirely self-evident, but it is nevertheless worth pointing out that many of the most obvious money-saving devices are probably staring you in the face and have for a long time. There are literally dozens of small things that you can do which will decrease the amount of money you need to spend on a monthly basis to run the average home.
Unless you are in a position where generating your own electricity is a realistic option, you are probably like 95% of other people who rely on electricity generated by a utility company. In this case, electricity to power your home can be one of your single biggest annual financial commitments, so it obviously makes sense to do whatever you can to reduce the amount of fuel that you burn.

For example, whilst buying energy saving lighting devices like compact fluorescent lamps (CFL's) will cost you up to three times what it would cost to buy any directly comparable incandescent lamp, they will last up to 15 times as long.

Turning down the heating thermostat is another excellent way of saving cash. Even reducing your thermostat setting by 1°C can reduce your heating bills by 10%, so again, a little effort goes an awful long way.ps with CFL's should save you around 20% of your annual electric lighting bill.

You can also reduce money when using the internet. Of course, if you are thinking of starting an online business as a way of supplementing your overall income generating capabilities, you must have an internet connection. However, many internet service providers offer different connection speeds, with slower speed connections generally costing less on a monthly basis. you might find that you can downgrade the speed of your connection and lose very little in terms of real performance, but in doing so could save you $10 or even $20 a month.

Look for food stores that offer ‘club discount cards' or alternatively those that print coupons on the back of receipts. Many suppliers are already beginning to appreciate that with a recession biting, they have to do more to support their customers and it is therefore likely that the idea of store discounts and coupons will become increasingly popular.
If you would like to attend concerts or special events, check on the internet for discounted online booking deals. Even if you do not find a discounted deal, you should nevertheless be able to find a standard price offer, meaning that there is no need to fall prey to the outrageous prices that unofficial ticket sellers will try to charge you outside the front door of the concert or event. Many cinemas also offer discounts for families too. if you are resourceful there are tons of ways to cut costs in general!

Get Discounts Codes for online shopping at MomsDiscounts.com

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