FRUGAL SPENDING AND PAYING DOWN DEBT

Frugal Spending & Paying down debt

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty-pound ought and six, result misery”.

These words from Charles Dickens popular novel David Copper Field summarize frugality accurately.

In a layman’s term frugality is thriftiness or the quality of being economical with available resources.

ADDING INCOME – STARTING A BUSINESS

Adapting frugality is more than just a habit, in fact it is a mindset. While saying that, it is a mindset which can be adapted with practice and patience.

It is especially important for those who are in the process of paying down debt. The mathematics of frugality are straightforward as every dime you save can go to paying down your debt.

This in turn means that you can pay down your debt much faster and be done with it much quicker.

There are numerous ways in which you can adapt frugality and be more sensible with how you spend your resources.

elow are the three easy ways of initiating frugal habits:BUILD WEALTH NOW CLICK NOW

1. Creating a 30-Day purchase list; Impulse buying can prove very costly but it can be curbed. One way of doing that is to create a 30-day buying list.

If you want to buy something other than a true necessity (medicine, food) just put it on the list with the date you want to purchase it. The rule is not to buy anything (apart from necessities) for 30 days after purchasing that item.

2. Carpooling or taking the bus; Carpooling is a major money saver, plus it helps you to socialize more. Find a friend or a neighbor who lives and works in the same vicinity as yours.

our rides will be more joyous and economical. If carpooling does not work, simply take a bus and enjoy a stress-free ride to work.

STOP LIVING PAYCHECK TO PAYCHECK

3. Quit smoking; Apart from being bad for health smoking is a money vampire. On an average, a smoker loses close to $1500+/- in an year (Depending on habits).

In monetary terms smoking is a two-ended spear. It hurts the smoker in the present (monetary cost of purchasing tobacco) and in the future when the smoker must deal with the additional health costs.

Quit smoking and live a simpler and healthier life.

As mentioned earlier, frugality is a mindset therefore starting with a few of these habits will enlighten up your mind. You will start seeing room for frugality in every aspect of your life.

The shift in your view will help you save even more money. This is good news for your debt payment ambitions because it means that you are well on your way to pay down your debt more quickly.

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GENERATION XYZ — STARTING A BUSINESS –ASPECTS OF CREATING A MOBILE CONCESSION BUSINESS — STARTING A BUSINESS ON A SHOE STRING

Aspects of Creating a Mobile Concession Business

This article offers advice on how to make a mobile food service business as successful as possible. By considering the aspects of location, food type, and advertising, you can make sure your business booms to its best potential.

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The ability to be one’s own boss and make lots of money doing it is all part of the American Dream. An up and coming segment of the small business world is food concession vending.

This is a form of food service that does not involve being stationary. Mobility is the key to the food concession industry. The ability to pick up and move whenever you have an event or want to switch locations is paramount in this business; which brings attention to the fact that there are several things needed to begin a concession business. STARTING A BUSINESS — CLICK NOW
One of the first important things is location. Another important aspect is choosing the type of food you will serve. One more vital thing to consider is advertisement.

One of the first things to consider when starting a food concession business is the location where you will set up your vending equipment.SPARETIME/PART-TIME RESIDUAL/PASSIVE INCOME BUSINESS — CLICK NOW

Continue reading “GENERATION XYZ — STARTING A BUSINESS –ASPECTS OF CREATING A MOBILE CONCESSION BUSINESS — STARTING A BUSINESS ON A SHOE STRING”

HANDLING YOUR CREDIT REPORT

Learn How To Improve Your Credit

Handling Your Credit Report

Not a lot of people may realize this, but one of the most vital documents that you should take note of, is your credit report.

It is a document that contains detailed information about your credit history, including identifying data, credit accounts and loans, records of late payments, bankruptcies and pretty much almost everything that has to do with how you handle your finances.

This report, depending on its content, can either help you a lot or cause serious hindrances to you, especially if you are operating your own small business or about to make certain loans.

After all, your credit report will basically become one of the major defying factors of your creditworthiness.

How Vital Is Your Credit Report?

If you have not been in a situation that has commenced how important your credit report is, let us allow an example scenario to walk you through. Let us say that one of these days you may need a certain amount of money in order to push through the expansion of your business.

In doing so, you may need to apply for a loan or a credit account in order to gain funding for your project.ADDITIONAL FREE INFORMATION — CLICK NOW

But before any lenders would actually give you a credit account or give you a loan, they would first check on your creditworthiness and whether they can trust you to make the right payments.

With this, they would of course check your credit report to see if you have any histories of bankruptcies, unpaid debts, late payments and so on. If you do not have a very good credit record, then no lender would most likely help you out. And this could be very much of a hassle to you.

Such a situation can be applicable not only to your business needs, but to your personal needs as well, such as asking for a car loan or a housing loan. Continue reading “HANDLING YOUR CREDIT REPORT”