Wednesday, October 17, 2007

First thing first. Eliminate that debt.

Debt is bad. In the financial world debt is called a liability. When you have debt, not only do you owe what the item you bought cost, you also owe interest for borrowing that money. The average Annual Percentage Rate for a consumer credit card is 13.37%. For example you have $2,000 on your Star Card and you make a minimum payment of $32 a month. It will take you nine years, and cost you a total of $3448.87 to eliminate that debt, and that is assuming you have not made any late payments, and you do not use the card for anymore purchases. That is $1448.87 paid in interest that could have been making money for you. So how do you eliminate your debt?


It's simple. Spend less than you make. Living below your means is the most important step when it comes to saving money. Here are a few tips.





1. Eat at the Chow hall. Even if you are not a Meal Card holder.


2. If the Chow Hall's five star cuisine is too much for, you pack a lunch.


3. Make all your large purchases at the P.X. You will save hundreds of dollars in sales tax.


4. Ask for a Military discount everywhere you go.


5. Find out who in your unit lives close, and carpool to work.

There are hundreds of ways to save money. All you have to do is look at what you spend money on, make the necessary sacrifices, and pay off that debt.

8 comments:

Living Off Dividends said...

also ask for a cash discount. using credit cards can cost the retailer upto 5%.

Anonymous said...

Hello !.
You re, I guess , probably very interested to know how one can collect a huge starting capital .
There is no initial capital needed You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you need
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with affiliates everywhere: In USA, Canada, Cyprus.
Do you want to become a happy investor?
That`s your choice That`s what you really need!

I feel good, I began to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a proper companion utilizes your savings in a right way - that`s it!.
I earn US$2,000 per day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://ekuxajyv.arcadepages.com/atutyfe.html
and go! Let`s take our chance together to get rid of nastiness of the life

Anonymous said...

Hello!
You may probably be very curious to know how one can make real money on investments.
There is no need to invest much at first.
You may begin earning with a sum that usually is spent
for daily food, that's 20-100 dollars.
I have been participating in one company's work for several years,
and I'm ready to let you know my secrets at my blog.

Please visit blog and send me private message to get the info.

P.S. I earn 1000-2000 per daily now.

http://theblogmoney.com

Anonymous said...

Good day, sun shines!
There have were times of troubles when I felt unhappy missing knowledge about opportunities of getting high yields on investments. I was a dump and downright stupid person.
I have never thought that there weren't any need in big starting capital.
Now, I feel good, I started to get real money.
It's all about how to select a proper companion who uses your funds in a right way - that is incorporate it in real deals, and shares the income with me.

You can ask, if there are such firms? I'm obliged to answer the truth, YES, there are. Please get to know about one of them:
[url=http://theblogmoney.com] Online investment blog[/url]

Anonymous said...

Glad to greet you, ladies and gentlemen!

For sure you didn’t here about me yet,
my name is Peter.
Generally I’m a venturesome gambler. all my life I’m carried away by online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to read my notes.
Please visit my web page . http://allbestcasino.com I’ll be glad would you find time to leave your opinion.

Loredana said...

You are right!Spending less than we make is the best way to save more money.

Anonymous said...

I visited many ωebsiteѕ however thе аudiο quаlity for audio ѕongs preѕent at this web pagе іs really marvelous.


Also ѵiѕіt my ωeblog - best payday loans

Anonymous said...

Excellent post. I am facing a fеw of theѕe
issues as well..

Here is my blοg ρost ... payday loans