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7 Steps to Building (or Rebuilding) Your Credit Rating

September 22, 2016 It’s a question I hear regularly for people of all walks of life: How to I build (or rebuild) my credit? Follow are some simple steps that can contribute to better credit ratings, whether you’re starting with no credit or have some bad credit history already. The list is not exhaustive nor are the guaranteed to help you (state and federal regulators require that I tell…

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#bad credit #build credit #Credit #Credit Rating #Credit Report #Credit score #good credit #rebuild credit

Ever maxed out your card? How quickly?

Have you ever maxed out a credit card? I have shared in my book, Everyday Money for Everyday People, and often in my workshops, that I learned about credit cards the hard way. I maxed out my first credit card in a matter of hours (36, from what I recall, at a music store buying a keyboard synthesizer, stand, and studio monitors). I missed payments, was sent to the card company’s internal…

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#consumer spending #Credit Card #credit limit #Debt #maxed out

Everyday Money for Everyday People Webinars Now Available

We are thrilled to announce that as of Monday, June 27, all eight webinars in our Everyday Money for Everyday People series of free online workshops is available at www.debtreductionservices.org/resources/education/webinars. Click here. Ranging from 27 to 57 minutes in length, these webinars are pre-recorded, available 24/7 and may be accessed from any device that can play Youtube media.…

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#Everyday Money #Financial Education #Financial Literacy #Money Management #Personal Finance #Seminar #Webinar

And the First Bennie Award Winner Is...

And the First Bennie Award Winner Is…

The First Bennie Award: Zootopia Over the weekend, I watched the newest addition to our family’s Blu-Ray library: Zootopia. How could you go wrong with a movie about having a dream and working hard to achieve that dream, especially when it involves a cute-as-a-button (I know, not PC) bunny and a smooth talking fox thrown together as partners to solve a sinister plot of savagery? If you have not…

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#Benny #Benny Award #Burnie #Burnie Award #Personal Finance

Bennies and Burnies - Awards for Personal Finance in Entertainment

Bennies and Burnies – Awards for Personal Finance in Entertainment

Introducing the Bennies and Burnies Have you ever seen a movie, heard a song, watched a TV show, video game or come away from an entertaining Youtube video thinking, “Yah, right! Real people can’t afford to live like that!” Yes, I recognize that our experience with entertainment, particularly with movies and TV shows, requires us to willingly suspend our disbelief. We know monkeys cannot fly. But…

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#Benny #Benny Award #Burnie #Burnie Award #Personal Finance

Debt Repayment Options

The Visual If there were an option to get out of debt quickly, painlessly and in a way that was likely to succeed, there really would not be so much confusion about how to get out of debt. There would be a tiny gleaming gold star in the top right hand corner of the above graph. Unfortunately, there is no such option. Paying off debt, unlike getting into it, takes time or effort or extra money, or…

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#Bankruptcy #Budgeting #Budgets #Consolidation Loan #Credit Counseling #Debt #Debt Consolidation #Debt Elimination #Debt Management #Debt Repayment #Debt Settlement #Financial Success #Money Management #Pay Off Debt #Personal Finance

Best Odds of Winning with your Powerball Money

A Sure Bet to Lose Your Money One in nearly three hundred MILLION!!! 282,201,338 to be fairly exact. Those are your chances of winning the grand prize (tonight’s Powerball Powerplay jackpot of $1.5B). If you’d be happy with the $1M prize, then your chances are just one in 11,688,053. For perspective, if you were to buy 4 Powerball tickets a week ($12 total) for 15 years, you might think your…

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#Budgeting #gambling #lottery #powerball #Save #Savings

Better Odds of Being Happy Now than Winning Powerball Tonight

A full 60% of Americans have NO habit of savings (www.usfinancialcapability.org). Yet how many such Americans are playing the lottery this week? If you find yourself among those 60% who have no emergency savings plan, please do us all a favor and start your savings habit today with the money you would have spent on that ridiculous lottery ticket. A favor to us all? Yes, our collective lack of…

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#Budgeting #gambling #lottery #powerball #Save #Savings

From Time Share Paradise to Time Share Hell

I recently received a question about selling a time share that had become a financial burden, and rather than respond to just the one reader, I think this topic deserves more attention. Several years ago, following a bankruptcy attorney conference where I was an exhibitor (I’m not an attorney), I shared a cab back to the airport with a gentleman who was an attorney. During our conversation, I…

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#Budget #Budgeting #Debt #Fees #Time Share #Travel #Vacation

Consumer Spending Problems more than just Buying Stuff

Time to Rethink Consumerism? Earlier this year, I took over responsibility for managing our bankruptcy counseling services. This service has been a requirement for bankruptcy filers since a 2005 update to our bankruptcy code. As a result, I have been able to look over a lot of data about bankruptcy filers’ financial circumstances as they begin the process. What I’ve discovered is that most people…

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#Budget #Budgeting #Bundling #Cable TV #Cell Phone #Package Deal #Satellite TV #Save #Smartphone

April Is Financial Literacy Month

April Is Financial Literacy Month All over the country, governors have been signing proclamations declaring April as Financial Literacy month in their state. Here’s an example from Idaho’s Governor, C.L. “Butch” Otter: 2015 Signed Idaho Proclamation

Even the president issued a proclamation on March 31 making April National Financial Capability month across the country.

Financial Literacy or…

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#Budgeting #Budgets #Building Credit #Financial Capability #Financial Literacy #Financial Success #Planning #Saving #Savings

Reclaiming the Word "Savings"

Reclaiming the Word “Savings”

What Happened to the Word “Savings”

The Bureau of Economic Analysis released its monthly report on our consumer habits as a nation, showing that we are saving a bit more on average per householdover the same time last year. Before we get too excited, though, that still works out to be less than $200 per household per month in this country. And that’s the average! The median monthly savings –…

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#Accounts #Advertisements #Budgeting #Budgets #Financial Success #Lies about money #Marketing #Planning #Sales #Saving #Savings #Shopping #Truth about money #Truth about saving

Public Library "Stash Your Cash" Event in Hailey, Idaho-March 24, 2015

Public Library “Stash Your Cash” Event in Hailey, Idaho-March 24, 2015

Yesterday, I made the two and a half hour drive up into the beautiful mountains of south central Idaho to facilitate a few presentations at the Hailey Public Library. Diane Clark there was a gracious host and had a great set up in the library’s front corner room.

Those in attendance asked some great questions while we enjoyed discussing the Money Piebudgeting system in addition to customizing…

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#Financial Conference #Financial Education #Financial Literacy #Presentation #Seminars #Speaker #Teachers #Workshops

Smart Women Smart Money Conference in Boise-Feb 13, 2015

Smart Women Smart Money Conference in Boise-Feb 13, 2015 http://wp.me/s3Bqpj-swsm2015

I had another fantastic time speaking to Idaho’s premier personal financial conference last Friday. Idaho state treasurer, Ron Crane, hosted the 15th annual Smart Women Smart Money conference at the Centre on the Grove in Boise on February 13, drawing nearly 1,500 women to the free event.

I had a great time speaking to the large break out session of 600 or so of these wonderful women (including…

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#Financial Conference #Financial Education #Financial Literacy #Presentation #Seminars #Speaker #Teachers #Workshops

Money Pie & Tax Refund Pyramid Excel Calculator

Calculators As a follow up to my Money Pie and Tax Refund Pyramid posts, please download my automated budgeting and tax refund distribution calculator linked below.

Enter your monthly net income in the red box under the Money Pie, and the calculator automatically determines how much to spend in each category.

Enter your expected tax refund in the red box under the Tax Refund Pyramid, and the…

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#Accounts #Automatic Finances #Budgeting #Budgets #Financial Success #Investing #Money Management #Personal Finance #Planning #Refund Pyramid #Saving #Savings #Simplifying Money #Tax #Tax Refund

The Tax Refund Pyramid

The Tax Refund Pyramid It’s that time of the year again, when CPAs go into overdrive, when citizens fret over their deductions and credits, and when those receiving a tax refund get to ask the age-old question: What do I do with all this money?!

Yes, it’s Tax Time!

While I’m not a huge fan of massive tax refunds (which typically mean the government is taking out more from each of our paychecks…

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#Accounts #Budgeting #Budgets #Financial Success #Investing #Planning #Saving #Savings #Simplifying Money #Tax Refund

The Money Pie: The World's Easiest Household Budget

The Money Pie: The World’s Easiest Household Budget

The Money Pie It’s so easy to get frustrated with our personal and household budgets. After all, who wants to categorize every single expense, estimate them months into the future, only to find out (it always seems) that your income is insufficient to meet your expenses. That stinks more that moldy green stuff (that had once been fancy smelly cheese) you once found in the bottom drawer of…

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#Accounts #Automatic Finances #Budgeting #Budgets #Financial Education #Financial Literacy #Financial Success #Investing #Money Management #Personal Finance #Planning #Saving #Savings #Simplifying Money

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