Constancy Amid Change

This is an address given in General Conference in 1979 by President N. Eldon Tanner of the First Presidency.  It is still relevant today.

During World War II, a member of the Quorum of the Twelve, Elder Albert E. Bowen, wrote a book compiled from a series of radio addresses, which he entitled Constancy amid Change (Salt Lake City: Deseret News Press, 1944). The messages of these talks were very timely. We were a world in conflict, and people the world over needed a message of certainty, assurance, and stability. 
Continue reading http://www.lds.org/ensign/1979/11/constancy-amid-change

Financial Readiness: As Critical as Fully Charged Batteries

Here are some thoughts from the FTC on Financial Readiness:

Home is where most people feel safe and comfortable. But sometimes — say, when a hurricane, flood, tornado, wildfire, or other disaster strikes — it’s safest to pack up and go to another location.

The Federal Trade Commission (FTC), the nation’s consumer protection agency, says that when it comes to preparing for situations like weather emergencies, financial readiness is as important as a flashlight with fully charged batteries. Leaving your home can be stressful, but knowing that your financial documents are up-to-date, in one place, and portable can make a big difference at a tense time.

Here are some tips from the FTC for financial readiness in case of an emergency:

• Conduct a household inventory. Make a list of your possessions and document it with photos or a video. This could help if you are filing insurance claims. Keep one copy of your inventory in your home on a shelf in a lockable, fireproof file box; keep another in a safe deposit box or another secure location.
• Buy a lockable, fireproof file box. Place important documents in the box; keep the box in a secure, accessible location on a shelf in your home so that you can “grab it and go” if the need arises. Among the contents:
  • your household inventory
  • a list of emergency contacts, including family members who live outside your area
  • copies of current prescriptions
  • health insurance cards or information
  • policy numbers for auto, flood, renter’s, or homeowner’s insurance, and a list of telephone numbers of your insurance companies
  • copies of other important financial and family records — or notes about where they are — including deeds, titles, wills, birth and marriage certificates, passports, and relevant employee benefit and retirement documents. Except for wills, keep originals in a safe deposit box or some other location. If you have a will, ask your attorney to keep the
    original document.
  • a list of phone numbers or email addresses of your creditors, financial institutions, landlords, and utility companies (sewer, water, gas, electric, telephone, cable)
  • a list of bank, loan, credit card, mortgage, lease, debit and ATM, and investment account numbers
  • Social Security cards
  • backups of financial data you keep on your computer
  • an extra set of keys for your house and car
  • the key to your safe deposit box
  • a small amount of cash or traveler’s checks. ATMs or financial institutions may be closed.
• Consider renting a safe deposit box for storage of important documents. Original documents to store in a safe deposit box might include:
  • deeds, titles, and other ownership records for your home, autos, RVs, or boats
  • credit, lease, and other financial and payment agreements
  • birth certificates, naturalization papers, and Social Security cards
  • marriage license/divorce papers and child custody papers
  • passports and military papers (if you need these regularly, you could place the originals in your fireproof box and a copy in your safe deposit box)
  • appraisals of expensive jewelry and heirlooms
  • certificates for stocks, bonds, and other investments and retirement accounts
  • trust agreements
  • living wills, powers of attorney, and health care powers of attorney
  • insurance policies
  • home improvement records
  • household inventory documentation
  • a copy of your will
• Choose an out-of-town contact. Ask an out-of-town friend or relative to be the point of contact for your family, and make sure everyone in your family has the information. After some emergencies, it can be easier to make a long distance call than a local one.
• Update all your information. Review the contents of your household inventory, your fireproof box, safe deposit box, and the information for your out-of-town contact at least once a year

Cut Your Spending by $400 a Month

Did you know if you cut your spending by $13 a day, you’ll save $400 a month and $4800 a year! Pay attention to the little expenses because they really do add up.

Check out   http://www.thebudgetdiet.com/cut-your-spending-by-400-a-month   for 72 ways to cut your spending.


The tips come from The Budget Diet at   http://www.thebudgetdiet.com/what-is-the-budget-diet

15 Ways to Do Date Night on a Dime

Fun doesn’t have to equal lots of dollars. Check out these Nesties' date-night ideas! 
1. Go to the movies for cheap. There are ways to do movie dates on a budget: "Find second-run theaters. 

They cost about $2 per person per show. Or go to a matinee of a current movie." --SUE_SUE
2. Make it a lunch date. "Order from the lunch menu -- it's cheaper than dinner and the portions aren't that much smaller." --MATTESMAGIC
3. Go to a cooking class. "Go to Williams-Sonoma and attend one of their cooking demos." You'll have some new recipes to try instead of going to a restaurant, so you'll save even more money. --DARINGMISS
4. Rethink tool time. Cooking stores aren't the only places with free how-tos: "Hardware stores like Lowe's and The Home Depot have DIY seminars. You can both learn to fix things, and it's fun and free!" --QPIX
5. Make a reservation -- for dessert. "We go to our favorite ice-cream shop and get sundaes, then drive around town and get in some quiet time." --OSUWIFEY09
6. Have a Wii night. You've already invested in a Wii, now use it for date night. "We have date-night Wii tourneys and make some interesting bets to spice things up. Anything goes, from doing dishes to sexual favors!" --ENICLAIRD
7. Hit the links. "A really fun date is going to the golf course and playing just nine holes. I did that recently with my husband. Even if you guys aren't good, it's still fun." -- BRIGHTEYES888
8. Volunteer together. For a feel-great date: "Volunteer together somewhere. One of my favorites was volunteering for a local farm to harvest veggies that are then sold at ridiculously low prices to people in need. We had a blast and felt great about helping. Cost: gas money." --SPINCAT9
9. Step up to the plate. "My husband and I take a bat and a ball to a local school and play around." Get into it with knee-high socks, baseball hats or even your favorite team's jersey. --BRIDE2BNVA
10. Get crafty with your home improvements. Decorate and date! "My husband and I do silly, crafty things. For example: We'll go to A.C. Moore or Michaels craft store and buy things that we can make to decorate the outside of our house!" --KLASALA318
11. Go on a field trip. Soak up culture free of charge: "Our neighborhood library has free passes to local museums. You can check out the passes like a library book." --DARINGMISS
12. Read all about it. "If you look in any local paper, you can usually find an entertainment section full of cheap activities in the next few days." Stick to your own neighborhood so you won't have to use extra gas or waste travel time. --DERNIERMOT
13. Pack a picnic in the park. Pack a picnic basket: blanket, bottle of wine, cheese, fruit, etc. -- but be warned: "We did this once to be cheap, and ended up spending about $70. So, make sure it's an inexpensive bottle of wine and cheap cheese." --ANHG80
14. Take a staycation. You don't even have to leave the city limits: "We live in San Francisco, so we visit the Japanese Tea Garden and pack a lunch. You'll get to experience a little bit of another country right inside Golden Gate Park." --BRITTNEY
15. Have a theme night. "Schedule a theme dinner and movie night at home." Create a menu based on the movie you're watching (i.e., spaghetti for a Francis Ford Coppola flick) and make it together before watching. --MELLY_BELLIE


From the nest       http://ideas.thenest.com/love-and-sex-advice/anniversaries-dating-ideas/articles/date-night-on-a-dime.aspx

Practice Thrift and Frugality

The depression era saying of “Use it up, Wear it out, Make it do, or Do without” sums up the practice of Thrift. Living thriftily is not a popular concept in our “Staying up with the Jones’s” mentality, but the folly of that mentality is that if one thing goes wrong and your family slips into crisis, you will have to learn all about “Staying above water”. Living thriftily is a very simple, effective and immediate method to increase your spending power. Imagine being, instead of a consumer; a creator, a repairer, or simply abstaining. It is phenomenally financially wasteful to eat at restaurants on a regular basis, in addition to being typically un-healthy, it also takes away from time spent together as a family creating a personal dining experience at home, together. Thrift is a practice of not wasting anything including time and money.
Frugality dictates that we live within our means and “Waste not, want not”. It requires us to be prudent with how we spend our money and to cautiously and guardedly decide how to distribute it. Why do Americans work themselves so hard and as soon as the paycheck comes in, they throw it to the wind as quickly as they can – leaving them with no reserves, no safety and no peace? It is because we have come to accept abundance as our standard. We foolishly assure ourselves that there will be a check next pay period – which there normally is, until there is not. It is the high possibility that at some point something critical will happen in our lives that brings us to the conclusion that it is very likely that at some point, that check will not be there.
One massive waste that Americans have become very comfortable with is living on credit. We have become extremely complacent with our finances in this regard. Instead of doing without for a short time while we save, we finance everything and as a consequence, pay financing fees and interest that we somehow justify as necessary. It is not necessary that we ever pay financing fees or interest for anything, even a house, if we are willing to be prudent. Instant gratification is the bane of thrift and frugality. We Americans have deceived ourselves into believing that we ‘deserve’ to live a better lifestyle than our parents (which took them a lifetime to achieve) – when in reality – we DESERVE to be secure and at peace in our lifestyle. It is ironic that as a society, we will dicker over $3,000 on a new vehicle and then finance it for 5 years – wherein we condemn ourselves to paying several times that in financing fees and interest.
What good have we done ourselves by shaving $3,000 of off $30,000 when we just finance it? If you’re willing to pay astronomical fees for the pleasure of immediate gratification, amortizing $3,000 does NOTHING to our monthly bill. A frugal person would take 3 years and save monthly as much as they would have paid out on their car payment with a little bonus savings here and there over time. In that short period of time they would accumulate enough cash that they could go into the car dealership and lay down a pile of $23,000 in cash and say they want to walk out with either their money or that $30,000 car. They’re going to walk out with the car because the dealer wants the instant gratification of the cash versus selling an amortized note at a discount.
Living a thrifty and frugal lifestyle is truly simple. Use it up. Wear it out. Make it Do. Do Without. Waste Not. These things lead us to not being left wanting when a crisis strikes our family. These two highly empowering tools not only give us the ability to build up our Standard of Living Insurance, they also bring an assured peace and allow us to live a truly abundant lifestyle where we are in control of our money instead being a slave to lenders.
A Prepper who successfully follows this principle for a few years will find themselves in a position where they are able to spend time not working without it affecting the family in an adverse manner.

Taken from the following web site: http://americanpreppersnetwork.com/the-five-principles-of-preparedness

12 Tips On How To Spend In A Recession

During an economic recession we might feel unsure of what is best to spend our money on. It seems that what has applied in the past has somehow changed. At a time when we need to know with greatest clarity how to manage our money, we feel uncertain.

Read more at http://www.providentliving.org.nz/how-to-spend-in-a-recession/

This article comes from a Ward Welfare Newsletter from New Zealand.

Labels: Budget, Family Finance, Finance, Ways to Save Money

Finances: Do you own them? Do they own you?

Learn to manage money before it manages you.  Quoting ONE FOR THE MONEY: Guide to Family Finance by Elder Marvin J. Ashton, " Financial peace of mind is not determined by how much we make, but how much we spend.  We live in a self-indulgent, me oriented, materialistic society.  It is said, self-discipline and self-restraint in money matters is more important than courses in accounting."  The key to financial peace is to budget.  Yes, a budget.  Know what you have, where you spend it, and how much you have 'left over'.  Track your spending; you might be surprised where it is going.  BE cautious in expenditures and follow the admonition.....Use it up.  Wear it out. Make it do, or...Do without.

Family Finance, Finance, Preparedness, Provident Living

5 Websites That Actually Pay You for Answering Questions

Online survey sites conduct research for big brands like Sony, Disney, and Samsung. When you sign up for any one of them, you’ll first have to fill out a questionnaire so they know if you fit the right demographic for a specific consumer study. If you fit the right demographic you’ll be invited to take a survey. And in return for your opinions, you’ll get rewarded with points that turn into cash and prizes—plus, you can feel good about knowing that your opinion is being used to influence the future of our country’s products.

Here’s the thing about taking online surveys—you can’t just start taking them. In fact, you’ll probably only get to take a couple a month from each site depending on your demographics. 

Continue Reading 5-websites-that-actually-pay-you-for-answering-questions

Spend More Money on What You Actually Want

Americans aren’t spending money on what we want, according to a recent Gallup poll.

Instead, we’re paying more and more for things like groceries, utilities and healthcare and less on fun stuff like travel and eating out. Bummer.

While you can’t control the fluctuating costs of health insurance or natural gas, you can figure out some smart alternatives for expensive budget items. Free up more money in these four areas of your life:

Continue reading http://name.everydollar.com/blog/spend-more-money-on-what-you-actually-want

Goals For Setting Priorities

Top 10 things to know when budgeting your money and setting financial priorities.

1. Narrow your objectives.
You probably won't be able to achieve every financial goal you've ever dreamed of. So identify your goals clearly and why they matter to you, and decide which are most important. By concentrating your efforts, you have a better chance of achieving what matters most.
2. Focus first on the goals that matter.
To accomplish primary goals, you will often need to put desirable but less important ones on the back burner.
3. Be prepared for conflicts.
Even worthy goals often conflict with one another. When faced with such a conflict, you should ask yourself questions like: Will one of the conflicting goals benefit more people than the other? Which goal will cause the greater harm if it is deferred?
4. Put time on your side.
The most important ally you have in reaching your goals is time. Money stashed in interest-earning savings accounts or invested in stocks and bonds grows and compounds. The more time you have, the more chance you have of success. Your age is a big factor - younger people (who have more time to build their nest egg) can invest differently than older ones. Generally, younger people can take greater risks than older people, given their longer investment horizon.
5. Choose carefully.

In drawing up your list of goals, you should look for things that will help you feel financially secure, happy or fulfilled. Some of the items that wind up on such lists include building an emergency fund, getting out of debt and paying kids' tuitions. Once you have your list together, you need to rank the items in order of importance (if you have trouble doing so, use the CNNMoney.com Prioritizer for help).

6. Include family members.
If you have a spouse or significant other, make sure that person is part of the goal-setting process. Children, too, should have some say in goals that affect them.
7. Start now.
The longer you wait to identify and begin working toward your goals, the more difficulty you'll have reaching them. And the longer you wait, the longer you postpone the advantage of compounding your money.
8. Sweat the big stuff.
Once you have prioritized your list of goals, keep your spending on course. Whenever you make a large payment for anything, ask yourself: "Is this taking me nearer to my primary goals - or leading me further away from them?" If a big expense doesn't get you closer to your goals, try to defer or reduce it. If taking a grand cruise steals money from your kids' college fund, maybe you should settle for a weekend getaway.
9. Don't sweat the small stuff.
Although this lesson encourages you to focus on big-ticket, long-range plans, most of life is lived in the here-and-now and most of what you spend will continue to be for daily expenses - including many that are simply for fun. That's OK - so long as your long-range needs are taken into consideration.
10. Be prepared for change.
Your needs and desires will change as you age, so you should probably reexamine your priorities at least every five years.

These tips come from Money magazine.

10 Steps to Making a Financial Budget

Learn how to budget by following these 10 steps on how to bring your spending under control.

1. Budgets are a necessary evil.
They're the only practical way to get a grip on your spending - and to make sure your money is being used the way you want it to be used.
2. Creating a budget generally requires three steps.
- Identify how you're spending money now.
- Evaluate your current spending and set goals that take into account your long-term financial objectives.
- Track your spending to make sure it stays within those guidelines.
3. Use software to save grief.
If you use a personal-finance program such as Quicken or Microsoft Money, the built-in budget-making tools can create your budget for you.
4. Don't drive yourself nuts.
One drawback of monitoring your spending by computer is that it encourages overzealous attention to detail. Once you determine which categories of spending can and should be cut (or expanded), concentrate on those categories and worry less about other aspects of your spending.
5. Watch out for cash leakage.
If withdrawals from the ATM machine evaporate from your pocket without apparent explanation, it's time to keep better records. In general, if you find yourself returning to the ATM more than once a week or so, you need to examine where that cash is going.
6. Spending beyond your limits is dangerous.
But if you do, you've got plenty of company. Government figures show that many households with total income of $50,000 or less are spending more than they bring in. This doesn't make you an automatic candidate for bankruptcy - but it's definitely a sign you need to make some serious spending cuts.
7. Beware of luxuries dressed up as necessities.
If your income doesn't cover your costs, then some of your spending is probably for luxuries - even if you've been considering them to be filling a real need.
8. Tithe yourself.
Aim to spend no more than 90% of your income. That way, you'll have the other 10% left to save for your big-picture items.
9. Don't count on windfalls.
When projecting the amount of money you can live on, don't include dollars that you can't be sure you'll receive, such as year-end bonuses, tax refunds or investment gains.
10. Beware of spending creep.
As your annual income climbs from raises, promotions and smart investing, don't start spending for luxuries until you're sure that you're staying ahead of inflation. It's better to use those income increases as an excuse to save more.

Another lesson from Money Magazine

The Envelope System Explained

The envelope system is certainly nothing new—it has been around for decades.

And yet many people still don’t know exactly how it works. Do you need to save up money to get started? Does every bill get paid with the envelope system? Can you work an envelope system online? And on and on.

How It Works

You don’t have to save up any money to start using the envelope system. It goes like this: Let’s say you have budgeted $500 a month for groceries.  Continue reading at www.daveramsey.com/blog/envelope-system-explained

Tracking Spending and Expenses

To build a realistic financial budget, start by figuring out where your money goes now.  There are three steps to creating a budget:
1) Identify how your money is currently being spent.
2) Evaluate that spending to see if it meets the financial priorities you specified in Lesson 1.
3) Track your ongoing spending to make sure it stays within those guidelines (or to understand how your budget needs to be revised).
If you happen to use Quicken, Microsoft Money or other such software, you're in luck. These programs generally make it easy to draw up a budget.
In Quicken, for example, every time you make a deposit, write a check, pay a credit card bill or dispatch an electronic payment you are asked to assign it to a particular category, such as "salary," "clothing," "groceries," "child care" or "health insurance."
You can also create subcategories, dividing "auto" expenses into "fuel," "insurance" and "service." The program comes with a set of categories that handle most of the basics. You can edit the list to create categories that make better sense for your particular household.
The drawback, of course, is that entering and categorizing all of your income and outflow is a tedious chore.
You can reduce the tedium by judiciously selecting categories. Let's say you are only worried about tracking your spending for recreation and leisure pursuits. You could create categories that cover those types of expenses, and let everything else accumulate under "miscellaneous revenue" or "miscellaneous expense."
The problem with that approach is that you forgo the opportunity to spot problems in other spending areas that you may not even be aware of.
A better solution is to track expenses using electronic banking. That way, you can download your payments and deposits directly from the bank, rather than having to enter them by hand.
The downloaded banking transactions generally show up without any categorization - meaning you'll have to add the categories by hand. But if you use a credit card that is issued by a bank that permits electronic access, then the downloaded charges from your card sometimes do come with categories attached (they aren't always right, so check them).
Either way, once you've got your spending tracked by category, drawing up a report requires only a few clicks of the mouse. Even better, such programs often have an automatic budget-creation feature that scans your spending in the past in order to estimate how much you'll spend going forward.
If your finances aren't wired, you can still get a good handle on your spending the old-fashioned way. Start by getting all your records together from the past 12 months, including pay stubs, loan proceeds, withdrawal slips, canceled checks and itemized credit-card statements. Then go through them and compile totals for your income and expenses in a set of categories that makes sense for you.
At the end of this exercise, you may still have a sizable lump of spending that's undocumented - typically, the money you withdraw in cash and then spend on day-to-day needs. If this portion of your budget seems to be getting out of hand, keep a journal for the next four weeks in which you record every nickel you spend. You can use those results to extrapolate how your cash is being spent throughout the year.
Now that you've got a good picture of where your money is going, you can proceed to evaluate which parts of that spending should be raised or lowered. 

Another installment form Money Magazine.

The $5 Savings Plan

A new tip that I had read on several blogs, of removing and saving $5 bills whenever one lands in my wallet. You may not accumulate a large amount, but a small amount may grow into a significant amount with persistence.  You may even find yourself paying closer attention to the money in your wallet.

Financial Readiness: As Critical as Fully Charged Batteries

Here are some thoughts from the FTC on Financial Readiness:

Home is where most people feel safe and comfortable. But sometimes — say, when a hurricane, flood, tornado, wildfire, or other disaster strikes — it’s safest to pack up and go to another location.

The Federal Trade Commission (FTC), the nation’s consumer protection agency, says that when it comes to preparing for situations like weather emergencies, financial readiness is as important as a flashlight with fully charged batteries. Leaving your home can be stressful, but knowing that your financial documents are up-to-date, in one place, and portable can make a big difference at a tense time.

Here are some tips from the FTC for financial readiness in case of an emergency:

• Conduct a household inventory. Make a list of your possessions and document it with photos or a video. This could help if you are filing insurance claims. Keep one copy of your inventory in your home on a shelf in a lockable, fireproof file box; keep another in a safe deposit box or another secure location.
• Buy a lockable, fireproof file box. Place important documents in the box; keep the box in a secure, accessible location on a shelf in your home so that you can “grab it and go” if the need arises. Among the contents:
  • your household inventory
  • a list of emergency contacts, including family members who live outside your area
  • copies of current prescriptions
  • health insurance cards or information
  • policy numbers for auto, flood, renter’s, or homeowner’s insurance, and a list of telephone numbers of your insurance companies
  • copies of other important financial and family records — or notes about where they are — including deeds, titles, wills, birth and marriage certificates, passports, and relevant employee benefit and retirement documents. Except for wills, keep originals in a safe deposit box or some other location. If you have a will, ask your attorney to keep the
    original document.
  • a list of phone numbers or email addresses of your creditors, financial institutions, landlords, and utility companies (sewer, water, gas, electric, telephone, cable)
  • a list of bank, loan, credit card, mortgage, lease, debit and ATM, and investment account numbers
  • Social Security cards
  • backups of financial data you keep on your computer
  • an extra set of keys for your house and car
  • the key to your safe deposit box
  • a small amount of cash or traveler’s checks. ATMs or financial institutions may be closed.
• Consider renting a safe deposit box for storage of important documents. Original documents to store in a safe deposit box might include:
  • deeds, titles, and other ownership records for your home, autos, RVs, or boats
  • credit, lease, and other financial and payment agreements
  • birth certificates, naturalization papers, and Social Security cards
  • marriage license/divorce papers and child custody papers
  • passports and military papers (if you need these regularly, you could place the originals in your fireproof box and a copy in your safe deposit box)
  • appraisals of expensive jewelry and heirlooms
  • certificates for stocks, bonds, and other investments and retirement accounts
  • trust agreements
  • living wills, powers of attorney, and health care powers of attorney
  • insurance policies
  • home improvement records
  • household inventory documentation
  • a copy of your will
• Choose an out-of-town contact. Ask an out-of-town friend or relative to be the point of contact for your family, and make sure everyone in your family has the information. After some emergencies, it can be easier to make a long distance call than a local one.
• Update all your information. Review the contents of your household inventory, your fireproof box, safe deposit box, and the information for your out-of-town contact at least once a year

9 Reasons Debt is Bad for You

A little debt won’t hurt, will it? That’s how it starts. You make a small purchase on your credit card and the next thing you know you have thousands of dollars in debt. But, what exactly is wrong with having a little – or a lot – of debt? A lot, actually.

Debt encourages you to spend more than you can afford.

There’s something about debt that can continue to make you spend, even though you can’t really afford the payments. Part of the allure of debt is the fact that you can get the emotional high from getting new things now, without having to part with the money now. In fact, it can feel like you’re getting something for nothing. But eventually, that spending will catch up with you.

Debt costs money.

Even though debt feels free when you first create it, it’s not really free at all. In general, you pay a price for the debt you create. That price comes in the form of interest. The higher the interest rate, the more you’ll end up paying for your debt. Also, the longer it takes you to pay off and the higher your debt load, the more interest you’ll pay. The only exception is an interest-free loan or credit card promotion.

Debt borrows from your future income.

Anytime you take out a loan or charge something on your credit card, you’re simply borrowing from the money you hope to earn in the future. Do you really want to spend your money paying for something you've already used up and don't get much value from any more?

High interest rate debt causes you to pay more than the item cost.

If you buy a $2,000 on your credit card at 11% and only make the minimum payment, you’ll end up paying more than $3,400. That’s $1,400 more than the furniture actually cost. Even if you raised your monthly payment to $100 and paid off the balance, you’d still pay close to $220 extra. On the other hand, you could save up $100 a month for 20 months and make the purchase with no extra cost.

Debt keeps you from accomplishing your financial goals.

Monthly debt payments limit the amount of money you have to spend on other things, not just retirement, but the trip you always wanted to take or Christmas presents for your family. The more debt you accumulate, the more your monthly payments will be and the less you have to spend on everything else.

Debt can keep you from owning a home.

Credit card, auto, and student loan debt are all considered when you make a mortgage application. If your other debt payments are too high, you may get turned down for a mortgage loan. That means, you’ll be stuck renting until you pay off some of all your other debt.

Debt can lead to stress and serious medical problems.

When you have debt, it’s hard not to worry about how you’re going to make your payments or how you’ll keep from taking on more debt to make ends meet. The stress from debt can lead to mild to severe health problems including ulcers, migraines, depression, and even heart attacks according to a poll done by Associated Press and AOL.

Debt can hurt your marriage.

Debt puts unnecessary pressure on the household’s finances and creates a lack of financial security for your spouse and your children. You may argue about who’s creating debt, how much debt is too much, and who’s responsible for the debt that’s accumulated. These fights can escalate and lead to a breakdown in the marriage.

Debt hurts your credit score.

Part of  your credit score – 30% to be exact – is based on the amount of debt you have. The more debt you have compared to your credit limits and original loan balances, the lower your credit score will be. Even if you’re not shopping for a credit card or loan, your credit score affects your life and the cost of other products and services, like auto insurance.

Written by LaToya Irby.

Budget Notebook

Another way to budget from Sarah at memories on clover lane

A couple weeks ago I shared my really simple notebook daily planner. I use a similar system for my budget. I have tried different fancy-pantsy budgeting tools...on-line thing-a-ma-jiggers that give you all sorts of serious bar graphs and pies and tabulations and what-have-you. I hated them, and they did nothing for me, and I thought they were so much more work than I thought my notebook system is. I explained in the daily planner post how I need to put pen to paper to have my brain work correctly...a computer screen just doesn't do it for me.  Continue reading at www.memoriesoncloverlane.com