Debt Relief Information-Debt Academy

When it comes to living within your means, there are two rules in the personal finance world, you can either control your spending habits to keep your earnings greater than your expenses or find new ways to earn more than what you spend. Like most of the people, I also place my trust in the fact that life is meant to be enjoyed and frugality will only take you this far. For as much as you can try to cut your way back on your everyday expenditure, you still have to eat, live in a home, go to work and buy other essentials, and you will ultimately reach a to a point where you are unable to make more cuts because you are swimming on the edge of your budget. Alternatively, if you decide to move into the other direction and earn $100 more, rather than shedding the same amount from your expenses, you can sustain your same lifestyle and still have an extra $100 to achieve debt relief . The actual question is that how many magazine subscriptions or costly coffee cups will you be able to...

Today, I am going to throw a light on some of the gravest credit card mistakes. The truth is, I’ve survived a few of them myself. So without wasting any more time, here are 4 things you should avoid with your credit card . Taking Cash Advances  – You can say that a cash advance is the worst balance you can avail. There’s a simple reason behind this, they carry much higher interest rates as compared to a standard purchase. You thought that’s it, wait, it gets a lot worse! In case you decided to go with minimum payments, then your payments are allocated to the balance with the lowest interest rate first. Thus, your balance that has a high-interest rate stays untouched, making you pay more interest than you thought you would. Making Big Purchases  – Surprisingly, I’ve met and even talked to some of the people who have bought expensive cars using their credit cards for 0% promotions. The bottom line is that bigger purchases like buying a car should be made with the...

Who are you? Are you a saver, a spender, or maybe you fall somewhere in between? There is no doubt there are countless pieces that make us what we are – distinguish our dynamic personalities. But have you ever given it a thought that how your personality affects your finances? Could it be possible that your sociable personality is causing you to spend more money on social events?  Recent studies reflect that if people who are eliminating credit card debt understand their personality, they can make much more healthier money choices. The process of understanding your personality can help you pinpoint the secrets behind how you think about spending, saving, and managing your money.  The behavioral science and psychology behind this allow for a much greater understanding of why particular personality qualities motivate your financial choices.  Do you like narrating stories? Are you a naturally outgoing person, who always likes to engage in any social e...