hackergirl35 asked:


My sons going to be 1 on June 13th and I have a guest list for about 60 people and I have little to no money to spend my Parents are helping me out for a gift to my son and me with the party but they dont have a lot of money either how can I save and whats a cheap way to have a nice dinner there??? PLEASE HELP ME!!!!!!!

Cure For Bad Breath

Cornie Herring asked:


Nearly every financial adviser always advises that debts should be paid off in a particular order: from highest interest rate to lowest interest rate. While this method makes sense from a mathematical point of view, it makes less sense from a psychological point of view.

Psychologically, 7 outstanding debts “feels” more overwhelming than 2 outstanding debts even if they are at the same total balance. Many people are struggling with debt and have tried on several abortive attempts to eliminate their debt using the highest-to-lowest method, and each time they failed. Why?

Because this payoff plan does, indeed, make the most financial sense if you have the discipline to adhere to it. By paying off the high interest rate debt first, you are minimizing the total you will eventually pay in interest. But this method does not work for everyone.

For many debtors, their highest interest rate debt was also their debt with the highest balance. Psychologically, they felt defeated; they could pay on this debt for months at a time and never seem like making the progress.

Dave Ramsey, the financial expert and the nationally-syndicated talk radio host of The Dave Ramsey Show has introduced “Debt-snowball Method” as the alternative to the highest-to-lowest method in paying off the debt. His method had been recognized to make more sense from a psychological point of view.

How’s Debt-snowball Method Work?

The basic steps in the debt snowball are:



List all debts in ascending order from smallest balance to largest.

Commit to pay the minimum payment on every debt.

Determine how much extra can be applied towards the smallest debt.

Pay the minimum payment plus the extra amount towards that smallest debt until it is paid off.

Then, add the old minimum payment from the first debt to the extra amount, and apply the new sum to the second smallest debt.

Repeat until all debts are paid in full.



In theory, by the time the final debts are reached, the snowball will be “rolling” quickly as it has picked up a lot of financial mass. Hence, larger debts will be paid off faster.

Let take an example to illustration the Debt-snowball Method. Assume a typical young woman in her mid-twenties who awakes one morning to realize that she’s in debt and decides to do something about it. She might be burdened with the following hypothetical liabilities:



$30,000 college loan at 5%

$10,000 credit card balance at 12%

$2,000 computer loan at 10%

$3,000 car loan at 4%



The highest-to-lowest method would advise her debt to be paid off in this order:



$10,000 credit card balance at 12%

$2,000 computer loan at 10%

$30,000 college loan at 5%

$3,000 car loan at 4%



But, using the Debt Snowball method, she should organize her debt from smallest balance to largest balance as follow:



$2,000 computer loan at 10%

$3,000 car loan at 4%

$10,000 credit card balance at 12%

$30,000 college loan at 5%



After you have listed your debts from smallest to largest; pay the minimum amount on all of them except the smallest. Throw every dollar you can scrimp and save against your smallest debt until it has been eliminated, then move on to the next-smallest debt.

Summary

In short, the Debt-snowball Method is another method to help a debtor to clear off his debt in more psychological way: by reducing the number of debts first as compare the total debt amount. Those who are unsure of their ability to stick with the plan may want to pay the smallest debt first, because the thrill of eliminating an entire balance sooner may encourage them to continue.



Simple Bad Breath Formula

RogerV asked:


To be honest, I started writing this article around a keyword that I wanted to capture attention for, which is “debt get out of”.

Dyslexia is defined as “A learning disorder marked by impairment of the ability to recognize and comprehend written words”. Financially, are you able to recognize and comprehend the financial signals around you? Those signals might look like constantly being cash poor, having zero consistent monthly savings plan, or carrying a serious amount of debt.

I started thinking about why anyone would search for this phrase, and then realized that many people are financially dyslexic. While they are functional in society, they rely on help to make their way in the world… specifically, credit cards.

The reason most people accrue a debt to get out of is simply having more month than paycheck. The bills stack up, and charging it is so convenient. Most of the time the debt is under control for many years until one day, they realize they’re carrying some substantial balances. As the balances increase, one’s margin of error decreases, until inevitably, life happens and the system breaks down. This might be car trouble, divorce, medical events… soon you find yourself in the “debt get out of” category.

There are 6 major ways to debt get out of, or get out of debt for the non-dyslexic:

* Bankruptcy. It’s severe, expensive, and damages credit and reputations forever. That said, it’s a great option for people who have no other hope and little or no income. Below are some bankruptcy alternatives.

* Consumer Credit Counseling. Credit Counseling was a program invented by the credit card companies to help people become profitable cash streams to the credit card company again. In it, the debtor repays all the balances plus interest. Because of this, it’s no suprise it’s the first option the credit card companies will push when someone gets into the debt get out of situation.

* Debt Consolidation. This was a great option used by millions of consumers during the real estate boom of 2001-2006, but these days, debt consolidation loans are difficult to qualify for. Unsecured debt consolidation loans are even more difficult, and due to re-amortization of debt, often don’t help much for all but the most diligent consumers with a healthy debt-to-income ratio.

* Debt Snowballing. The basic concept here is to make minimum payments for all but your highest-interest-rate credit card. Pay the most you can toward your highest-rate card. Next as each card is paid off, continue the total debt payments, so that each card is paid off faster. For example, if your payments were $20, $20, $20, and the highest-rate card you paid $140 (so $200 total) then after the highest-rate card is paid off, you’d pay $20, $20, and $160 (still $200 total).

* The Ostrich in the Sand Technique. The way this works is you pretend the problem of “debt get out of” will go away on its own. This is a great choice for future lottery ticket winners, or those expecting a sizable inheritance in the not-too-distant future. What’s surely an anomoly of economic science and downright strange is that most consumers choose this route, even though it almost never works. Sadly, most people in this situation don’t realize that staying in debt is preventing them from saving for retirement, which means they can expect to continue working into their late 90’s, or being a financial burden on their families.

* Debt Reset. The way this works is we have a team of trained, expert attorneys and non-attorney negotiators who will negotiate with your creditors on your behalf, creating a payment plan leading to a single settlement payment typically about forty-five cents on the dollar. Most cases who use this method are completely done with the “Debt Get Out Of” problem in just over two years (the official average is 28 months).

Fortunately, you have the power to change your world. Investigate your options and take action. For help comparing your options, try http://DebtRESET.com online Debt calculator, videos, and articles to evaluate your options and make your choice. Imagine a day when you are free of bills, when your paycheck is yours to keep. It can happen if you overcome financial dyslexia and make a change in direction.



Cure For Bad Breath

Billy11B asked:


Students and teachers would still put the same amount of hours in a day. Do you think this would save enough money on transportation costs to justify it? Pros and cons. Thanks.