How to Budget Your Way Out of Debt

By Norma Holt

While so many are unemployed and the situation is worsening the debt crisis hitting families is becoming more unsustainable. Governments say they want to create employment but they have no way of stopping companies from moving offshore or from ceasing to exist. This is having a huge impact on all countries and the introduction of robots to do the work of humans is causing the frustration that many in debt now feel.

It is one of the most painful times in someone's life when they cannot pay the bills and suffer shortages of essential items, even food. While privatization of resources is another cause of debt companies are demanding higher fees for services provided.

There seems to be no end to the vicious circle but there are some things that people can do to make ends meet. Short of cutting out all non-essential items one of the things that really helps is a budget. One must write it on paper to show how much comes in and what goes out.

An account ledger is a good place to start. On the left hand side list all monies coming in while on the right hand side all the money spent. That includes groceries, bills, and other things. The aim is to get a balance between the two sides.

Once everything is listed work out ways to pay the bills over a longer period. Instead of paying the full amount at once ring the company involved and stagger the payment over two to three income periods. That way one can be paying off the majority of debt without stretching themselves too far.

If unemployed and there is no income, then that is a different matter. One has to apply to the government for the dole and use charities to help pay the bills. The main thing is good management and that can only be achieved when things are written down and the ledger is balanced.

Under normal circumstances it will happen that things will come right. Slowly over time and with determination to pay less for things and even to put a little aside each payday for emergencies the debt will be dissolved. It's a self-discipline exercise as well as restraint against spending on things that can be put off until another time.

The golden rule is not to use credit cards and never buy anything unless you can afford to pay cash for it.

Norma Holt has researched to establish why Money is the root of evil. It is largely based on the work of 666. He enforced the powerful weapons of heaven and hell to dominate the establishment he put in place.



Credit Cards and Bankruptcy

By Norma Holt

The inevitable trap of credit cards and the preying by banks on their victims may lead many to bankruptcy. There is no easy way out of financial situations when income simply does not match expenditure. We all want the latest and best things on the market and many acquire them through loans on those pieces of plastic. The facts are, however, that the interest charged may mean that repaying such loans quickly puts it out of reach of meeting it.

Banks are not so honorable that they will surrender their biggest money earners, namely the credit cards. The ones who use them are 'cash cows' supplying their lenders with huge incomes and vast annual profits. It's like gambling when one puts money in and gets little back in return.

In times past I too was hooked on credit and then some valuable lessons came to hand. The goods I was buying during sales, and so forth, were costing twice as much as they would if the same items were bought for cash. Not only that but much of the stuff filling my cupboards was unnecessary and likely would never be used.

Banks and sales go together. One often sees stores offering extra discounts for using a Visa card. It does not take a genius to know how much the business receives back for this slight-of-hand deal. Nor does one need a calculator to check on where the institutions are making most of their money.

At the moment in Australia interest loans on property have never been lower. One can get a mortgage for something like 1.5 percent or even less. That is because the banks know that people will be forced to sell that property at a great loss if they go bankrupt through using their credit cards. With that in mind the offer of extended credit is given to the mortgagee.

There is a move afoot here to force banks to disclose the source of their income while the Opposition wants a Royal Commission into banking practices. With the focus on the ongoing links between credit cards and bankruptcy prominent in the media it is long overdue.

The best way to avoid the trap is to tear up the cards and have nothing to do with them. Bargains are only such when there is a genuine saving to be had from the purchase. If money is correctly managed then buying things for cash will quickly become a priority.

Norma Holt has researched to establish why Money is the root of evil. It is largely based on the work of 666. He enforced the powerful weapons of heaven and hell to dominate the establishment he put in place.

Credit Card Secrets: 3 Great Tips for Using Your Debt

By Christina M Thomas

Much like other financial investment vehicles, credit cards have a bunch of "secrets" that the average consumer never learns to take advantage of - and the companies like it that way. Indeed; if more people knew about and used these; lending via credit as an institution would eventually cease to exist as the margins shrunk.

In the following, we'll uncover a handful of credit card secrets, so as to better position you to be able to take advantage of the many ins-and-outs of these ultra-competitive lenders. In just three tips, you'll learn how to utilize credit cards in ways you might have never thought of.

Tip 1: Get Cards with a Beneficial Rewards Option

This may seem obvious. But the truth is, far too many people obtain credit cards that have rewards which don't really apply to their lifestyle. After all, if you hate the cold, then what good is it to get a trip to Moscow as an end-of-the-year reward?

With this in mind, when you get a card that provides you with frequent flyer miles; make sure you don't pay cash for things such as groceries, department store purchases or even gas - put it on your card!

Of course, in order to truly take advantage of this offer, you must avoid carrying a balance - head to your house and pay off the purchase right away. Then, the credit card companies don't get to take advantage of the interest, but still, of course, have to pay out the promised rewards and points.

Fact is; this only works out so well for them because the majority of people carry their credit balances from one month to the next. Many people every year take advantage of this and get free trips to Europe or Canada, etc, at the end of the season, for their entire family. You can truly rack up the frequent flyer miles with this disciplined approach.

All card companies love it when you carry a balance - this is, after all, how they make money. If everyone followed this tip, then the companies would have to close down because they'd go bankrupt and couldn't fund their operations.

Tip 2: Put All Business-Related Purchases on Credit

This next credit card secret involves some really high-level, bankers-type knowledge; as such, we'll use an example of how to take advantage of it. Let's say you want to purchase repairs on a home; it will be difficult to get a loan in the post-2008 housing collapse market.

There's no way that lenders want to risk shelling out money after the subprime mortgage collapse, which happened, after all, because they sold loans to people that couldn't pay them back.

So what do you do? Put the repairs on a credit card. Even if this card has a 12% APR, if you borrow $50,000 or so, and hold it for just a couple of months, then you actually only owe 2% on the total amount if you pay it back.

Of course, in order for this to truly work, you need to be in the business of flipping homes. In short, you'll be paying a tiny fraction of the usual amount needed to fund business projects with the necessary capital.

Tip 3: Use Multiple Lines of Credit Wisely

If you're like most people, then you've probably got several credit cards, right? If so, then you can use the competition that exists between bankers to your advantage with this next credit card secret.

First off; ask your bank if they've got a balance transfer option available. If so, make sure it's a zero-percent balance transfer. For example, if you have a balance on a Capital One card, and then you sign up for a Bank of America card, then either email or call them regarding the terms of their balance transfer offer.

If it makes sense, then pull the trigger and move your debt. Plan to pay it off fully within the next 6-9 months (usually) to come out ahead.

Obviously, if a bank can get you to transfer your debt from the competition to their own coffers, then they get you to pay the interest on that debt for a long time. This means, in order to sweeten the deal, they often give you several months free of interest on that debt. It's literally like giving away money!

So if you move your debt from one lender to another, receive a 9-month reprieve on interest payments, and manage to pay off your debt in those nine months, then you've effectively received a free loan from your new lender.

Using Credit Cards Wisely

In conclusion, especially with the last "secret", you can move your debt from one bank to another for a period of several years! You'll save the equivalent of several years' worth of taxes on a sum that's large enough if you manage to finally pay off the loan within the reprieve period.

Keep in mind that all credit card companies are in competition with each other; in the free market, this means they make the most money by providing the consumer with the better deal. Take advantage of it!

Why The Wealthy Give to Charities and Others

By Norma Holt

It's a strikingly strange world today because there are billionaires popping up at a great rate of knots. They seem to be competing with each other in the profit-making stakes as well as in philanthropy. The interest alone on their wealth would fall far short of any money they give away, however, if one were to size it up. That is not the only reason they do it though, as money weighs on their conscience and that is something they cannot ease.

Money is man's invention and it is highly destructive, as we see by the way the earth is being murdered. It is more important to some than life itself. While most feel they cannot live without it the alternative is another man-made situation. Poverty and starvation being the worst situations to be in. That is where charity is needed the most.

Philanthropists love to give money to charities that support the poor. The question is why? When they take so much wealth from the world and the trickle down effects robs those at the bottom of a descent life one has to question whether their conscience plays a role in the generosity? Not everyone who is 'rich' is evil or robbing others, but it is well-known that most only acquire huge wealth by robbing others along the way.

They are renowned for minimizing their tax so the governments are denied that money to assist those at those at the bottom. They take rather than give until the amount of their holdings becomes an embarrassment. Many will also cheat in other ways. This assessment excludes those who achieve by mining, oil holdings, and such. But that takes in other things like damage to the environment.

Money is a weight over their heads when it accumulates and their situations are publicly known. That is when many will turn to philanthropic means to relieve their conscience. If they can be seen to be doing some good, then who is going to question how they made their money in the first place.

Perhaps the greatest perpetrators of this type of behavior are religious organizations, such as the Catholic Church. On the surface it provides huge amounts for the upkeep of orphanages, hospitals, and charitable causes. Underneath, however, the lying and cheating that goes on is incredible.

Its relics and monuments that are displayed as genuine articles are nothing but fakes. The pilgrims that pour into the businesses where they are on display are giving millions to the coffers of the church every day. The Vatican's claim that it holds some of the cross on which Jesus Christ died and the nails that held him to the cross is just one of those untruths.

With memory of reincarnation and knowledge that everyone has returned in the same way there is no heaven or hell and my research shows that Jesus Christ is the invention of Constantine, the one dubbed 666 in Revelation 13:12-18. Without evidence that such existed the Church has done everything to add credibility to its profitable schemes.

Philanthropy is a way of justifying its deception. While it acts in accordance with what the law allows, and it has its own 'country' to do it in, the chances of it being brought to account for its wrongful claims are virtually zero.

Meanwhile by giving to the under-privileged organizations and businesses alike are able to write off tax, satisfy their conscience, and ultimately fool enough people so that it becomes business as usual. Money is a drug leading the world to a disaster as we face the last days.

Norma Holt has researched how governments are part of the World Order and the establishment set in place by the one with the number 666. His work and legacy is an eye opener and the reason behind it is set out and included in the plan of God to bring the earth as we know it to an end.

5 Reasons NOT Saving for College Is a Good Idea

By Gary Silverman 

Okay. You caught me. Indeed most of the time not saving for college is a bad idea. Now and then I'll run into a parent who tells me they are not saving for college in order to increase the chances their child will get financial aid. The thought is that having money makes colleges and the government figure you can afford to pay for college and therefore no aid is needed. This, to a limited extent, is true. If you have millions in the bank I'd rather not have my tax dollars taken and used to pay for your kid's college so that you can spend the money on first class tickets to Vail.

However, assuming that saving for college will mess up financial aid is short-sighted and makes many assumptions. The first one being that there will be financial aid available for your child. We don't know what the government will have in the way of aid in 5, 10, or 15 years. You should also realize that the majority of financial "aid" is in the form of loans. You very well could be creating a situation that burdens your kids with onerous loans they will have difficulty paying back in exchange for a little better lifestyle now. I wouldn't call that sound financial planning.

Another reason that saving won't hurt much when it comes to aid is that the government knows that you have more to save for than just college. If you save in your name rather than your child's (including the 529 College Savings Plans and Coverdell ESAs) less than 6% of the savings in those account types will be counted against financial aid. Yes it does count against you a bit, but not much as assets held in the child's name at 20%.

There is a good reason for not saving for college: You have more important needs for that money. Note I don't say "if you can't afford it." That's because determining affordability is often simplified to seeing if there's money left at the end of the month. Most of us find ways to spend any money that is available. What we spend it on might be a true life-giving need, but it also might be a dubious want.

So what may take priority over college savings? Being a retirement planner, I like to see money put away for the time when you can no longer work. Of course, food, clothing, and shelter also seem like needs. But let's be clear: you can spend $20, $40, or well over $100 on blue jeans. I'm thinking the $100 pair doesn't count as a need.

In the end though, some folks just won't be able to afford to save for college without leaving themselves short in other vital areas. That's not selfish, that just is. But for the rest of us, it's an area that deserves our attention.

Gary Silverman, CFP®, is the founder of Personal Money Planning, an investment management and financial planning firm located in Wichita Falls, Texas. His recent book, Real World Investing: A Sensible Approach from the Guy without the Tie is available now. Learn more and sign up for his bi-weekly e-Newsletter at

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