Do you have a Credit Card payment strategy?

The new year is coming, new resolutions, new promises, same or worst debts. Can you adopt a new strategy for your Credit Cards?

Make this the year you tackle that credit card debt once and for all. Doing so will make you and your family stronger and happier—forever. What happens to the stock market and the housing market is completely beyond your control. Credit card debt, however, is completely within your control. Every time you pay off a card with a 15 percent interest rate, you get a 15 percent return on your money. Let's face it, do you really need these pants right away? Why you didn't save for one or two months and then you buy it with your own money?

See if you can qualify for a balance transfer card that offers a low or 0 percent introductory interest rate for the first six to 12 months. If you can get a good deal, move your high-rate debt to that new card. Destroy your actual cards. Do not use the card for any new charges, and push yourself hard to pay off the balance as soon as possible. If you don't qualify, no worries. Always pay the minimum due on each card, on time, every month. Keep doing this until you've zeroed out the balances on all your cards.

As soon as you get $0 in your debt, destroy and close the account, don't keep the temptation around you.

I think is just about reputation that has been created for the Network Marketing Business.

No matter where you go, no matter what you read, if you want to have more money all you have to do is “Save Money” or “Make More Money”, or both, agree?

Well, we have talked a lot about saving money, if you haven’t read it, just go back in this blog, you will find a ton of information in it, but we haven’t talked too much about how to make some money, so let’s get started.

How can you create some money? You can work more, which will kill you very fast, or you can create a business, but you will need a lot of money to start, and if you have this money, probably you wouldn’t need to start the business after all, so what other choices are out there? Millions, but let’s talk about only one right now: Network Marketing Business.

So check out these 2 schemes, can you see the difference?

Regular Business Structure	Network Marketing Business

I would say that the only difference is where are you located, so yes, if you work for a regular company, with a lot of hard work, with a lot of luck, and maybe after 30 – 40 years, you could be at the top of the organization, but I don’t think that you ever will be at the top.

If you work for yourself however, you always will be at the top, even if your organization is empty, you will be at the top, so, whatever happens with it, it will be your responsibility.

Do you realize that this is what happens with the richest men in the world? They take responsibility for what they do. Always.

Do you want to know about a Network Marketing Business that really works?
Ask me and I will tell you everything about it, if this is not for you, well at least you will know...

Some tips to save money…

Have fewer bank accounts: how much are you paying to the Bank for service fees? Do the math and see if you can combine all your chequing accounts into only one. I am pretty sure that your bank can give you more than one debit card. By the way, this is good effort if you or your spouse “doesn’t know” how to manage the money. You can help to not to spend out of your budget.

Treat Savings like an expense: Why don’t you set up a frequent transfer from you chequing to your savings account, you know when you are going to get paid, if you don’t see the money, you cannot spend it!

Buy more now, in bulk! Not everything of course, only those things that can be in your storage for a long period of time. You are not only saving money, you are saving time as well.

Use Cash: if you don’t have the cash in your wallet, you cannot spend it; the credit and debit cards don’t warned you about your expense limit.

Use any kind of software to track your budget and expenses: You have to be very disciplined but if you can make it, you will ahead of time where you money is going and if you will have the money to pay your bills.

Talk to your spouse about these tips, maybe more ideas will come and we would like to know about them.

Debit or Credit?

Go to your wallet and check if you have a debit card, one or more credit cards and how much cash? Probably not much cash (if any), right?

I see your point: why should I have cash if is so easy to pay with plastic, right? And even better with credit cards because maybe I will have a few days before you have to pay your bills.

Using plastic has become so accepted in these days that would be very hard to imagine shopping without it. It’s so convenient.

Now let me ask you a question: do you pay the balance in your credit card every month? Because if not, you realize that you are paying interest to the bank for something that you could pay in cash or debit just having a little bit of patience before buying your stuff. I mean, you save the money first and then you go to shopping.

Let’s assume that your keep using your credit card because has some kind of reward that is truly beneficial and if so, for me, this would be the only reason to keep using a credit card and the right way to manage it is to pay every expense right away, not at the end of the month, not at the end of the week, right now, of you go to a restaurant, then you go home and pay the bill immediately (you can do this through the Internet), the next day, you put gas in your car, and when you go to work, you pay the bill immediately. If you cannot pay the bill right away, you simply cannot do the expense.

Got the idea?

Simple, you keep earning your rewards and you never will pay any interest!

Do you have a better idea?