Reduce Debt Increase Wealth
Episodes
240 episodes
How People get into Debt
Is the question everyone should ask themselves. This is important to know so the problem can be fixed. Then steps to get rid of debt can be taken. This episode is first in a series to become debt free. Article Link:
Maximize Debt Reduction
Those trying to reduce debt this is how to maximize the process. Reducing debt is a hard and timely process, but it can be speeded up by doing some extra things. Making the tough choices, doing without for a couple of years will pay off in the ...
Tuning Up Budget
Once a budget or control center has been established staying on the budget is important. As time passes some of the fixed expense may change so the control center need to be updated. I do this every month but that not necessary, update every qu...
Tracking for Budget
Keeping track of income and spending is the first step in keeping personal finance under control. The second step is having a budget of some type or a Control Center. These two steps are the key to financial success and reducing debt.
Identity Debt Problems
The first step in reducing debt is identity the problems too much spending or too little income. Everyone makes mistakes but those who correct mistakes are much better off. What are the mistakes most people make in personal finance. <...
Questions to Ask About Personal Finance
Money is important in everyone’s life let us ask the tough questions about personal finance. Knowing the answers will help in the long run to manage finances and make life better. That is what life about staying focus and ahead of finance...
Debt Management Plan
What is the difference between debt reduction plan and debt management plan both are the same in most cases. Debt management plan for most is a professional counseling person working to help reduce debt. It not always the best way t...
Budget Categories with percentages on Spreadsheet
Doing a budget requires some type of written document. Using a computer spreadsheet to do the math makes this a straightforward process. How to set up a budget on a spreadsheet and how to categorize expenses.Article Link:
Tracking for A Budget
How to set up tracking categories to be in same order of the budget. The tracking program has categories list different than the budget categories. I found a way to make these match to make budgeting easier. What is the number one thing keeping...
Slow Process
It may seem like no progress is being made on reducing debt, but at this stage it is a slow process. Once quit using credit, identify items to cancel made those tough choices it’s a waiting game for cash to increase. It starts out very slow so ...
Tough Choices
Reducing debt requires making some tough choices, what to get rid of or quit paying for which services. This is key if money is not available then it will be difficult to reduce debt. Article Link:
Hardest Part of Reducing Debt
Getting started reducing debt is the hardest part of this program. Why is that, because first must recognize the problem and how to fix the problem. Second is just finding ways to start and quit using debt. Article Link
Emergency Fund
Why is emergency fund important? How to get started funding and is there the need to increase the balance for inflation. This is only one thing needed to build wealth or reduce debt. What other things are needed to be done to achieve fina...
Building Credit
Building credit can be difficult if don’t know how and what to do. Those having bad credit can rebuild credit in the process of paying off credit card debt. Article Link:
Control Center AKA Budget
Keeping a budget and knowing when and where your money is going is key in keeping debt under control. It also important to know when and where money is going to help with the timely payments. Article Link:
Debt Reduction & Management Plan
What is a debt reduction and management plan and how it works. This is one plan that works for both and is something that should be memorize or place in a place to be view regularly. Article Link:
Tracking Expenses
What are the benefits of tracking, and why everyone should be doing this activity. Will go into details of this activity and how to use this information so it not a waste of time. Article Links:
Increase Wealth
Increase wealth can be difficult for most, the younger getting started and staying focus can make this happen much earlier in life. Put yourself first in life and start taking the steps needed to be better financially sooner. Articl...
Plan Ahead
How to plan for tough times and be ready when troubled times happen. Getting personal finances in order and keeping positive in life. Review goals and changing goals based on what the economy is doing. Article Link:
Recession
Recession or no recession what to do, but first what is a recession. Then recession proof personal finances to get by until good times are back. Article Link:https://www.i...
Loan Consolidation
What is loan consolidation should it be done and how it is done. Will give another way to reduce debt if unable to get loan consolidation1. Article Link: https://www.consumerfinance.gov/ask-cfpb/what-do-i-need-to-know-if...
Saving Money Tips
The first step in saving money is reducing the spending. Then keeping spending under control will increase the saving rate. Getting debt reduce, reduce spending and increasing income all help and work together to increase savings. &...
Budget Spreadsheet
How to create a budget using a spreadsheet made simple. This is the easiest way to create a budget using a spreadsheet, going to explain how this is done, giving easy to follow instructions. Will include setting up subtotals within each categor...