Rules For Living Well
By Kenneth C. Hoffman
Buy local produce when available and learn to enjoy eating whatevervegetables are available at low cost. Better yet is to go to the country when vegetables and fruits are in season and ready for canning.
Buy a vehicle that boasts a small motor that will give you many more miles per gallon than that rubber burning monster you have now. It is not necessary to go from zero to sixty in six seconds. Ten or eleven seconds will get you there just the same.
Don't charge more than you can pay off without interest. Credit card companies are among the richest in the world on your payments of interest. A bonus is the two per cent dividend you get for using their card for everything.
Dedicate some space in your house for a workshop with storage. Save those nuts and bolts for your next project whatever it may be. A home empty of unneeded (for now) gizmos just makes you buy six of an item you just need one of.
Learn to cook interesting and healthy recipes instead of being lazy and eating out. Hundreds of dollars can be saved every year and you will live longer and healthier, too.
Buy a small house that fits your needs rather than paying exorbitant rent or heating and cooling acres of space you will never use. Spend the money you will save on better quality furniture and clothes that don't wear out in a couple of months.
Choose wash and wear fabrics that don't need ironing or dry cleaning. You pay a little more up front but get it back in savings. Fabrics to look for are stretch Dacron, nylon jackets, pure wool or Trevira suits that don't wrinkle and high quality cotton sweaters.
Learn to love what you have instead of what you can't afford. We live in a wonderfully varied world with a myriad of things to keep us busy and interested in life.
About the Author: A retired portrait and wedding photographer, I enjoy writing , how to articles, helpful articles on photography and many other subjects. My hobbies include quartet singing, shop, bicycling and photography. Please visit my web site at http://www.photoartbyken.com [Articles, Digital Art, Poetry, Original sheet music.]
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Debt Management - An Excellent Option For Those Who Are Unable to Repay Their Debt
By Oliver Wingrove
Almost all of us, in our life, resort to debt for one or the other reason. In many cases, however, the debt can change our entire life. Not only the person in debt has to bear the burnt, but other members of his family also has to suffer from its effects. The debt may originate from the use of credit cards, home shopping catalogues or from taking a loan for any purpose. Many of them face no problem in repaying their debt. However, for a greater number of persons, repayment of their debt does not become a reality and they find themselves in great trouble. Due to non payment burden of their debt goes on increasing day by day and pressure of it mounts on them. In many cases, these persons are not responsible for being defaulters. They receive red letters from those to whom they owe the money or are threatened to be taken to court of law by the creditors. But due to not getting any feasible way out they hope that something magical would come to their rescue and they would be able to pay off their debts. We all know that such magical things cannot be expected to happen in the majority of cases. Rather, to get rid of the debt problem, some conscious steps have to be taken.The best and most effective way would be to take the professional help of a specialist company to consider the different debt management alternatives available and to select the most suitable one.
Alternative ways for debt management:
For the management of debt there are more than option available.To find out the best option for you the good sides as well as bad sides of each option are to be evaluated.The amount of debt and who are the creditors are also important factors to decide the best alternative. The options include a debt management plan, a debt consolidation loan or an IVA. The selection could be really effective if and only if proper guidance and help is available to the person in debt.A company specializing in debt management is the only one who can provide the much needed impartial guidance in finding out the best suitable option for you and will help you to rigidly follow the selected plan of debt management.
IVA i. e. Individual Voluntary Arrangement
IVA may be defined as an arrangement between the debtor and their creditors for repayment of the debt over a period of time, generally 5 years and in each time period a ercentage of the debt is paid off. Though an IVA may be seen as an alternative to bankruptcy, it is not at all a desirable solution. An insolvency practitioner supervise the IVA arrangement between the parties and if at the end of the IVA term any amount remains unpaid, that amount is written off.
Debt consolidation loans
If you have many creditors to be paid off and you are being compelled to pay high rate of interest on the loan, a debt consolidation loan may be a viable alternative. A loan at a cheaper rate may be obtained to pay off all the existing debts which can be repaid over a much longer term. This gives you much needed breathing time, saves some money for you and makes you free from all the debts at the end of the term.And above all, you have to repay just one loan and have to deal with only one creditor.
A debt management plan
Your condition especially your credit rating may be such that you may not be able to secure a loan to repay your existing debts. In such situation a debt management plan is the best option. You have to find an efficient debt manager who will assess your inflow and outflow of fund. From these figures an amount will be worked which you can afford to pay each month. Your debt manager will negotiate with all your creditors and if he succeeds in fixing a deal with them you would pay each month the amount agreed upon to the manager and he will, in turn, pay the whole amount paid by you to your creditors on monthly basis.
Are you considering taking out an IVA as a solution to debt problems? If you are then you need to find a good financial advisor who will be able to explain the whole process to you and show you other ways of breaking free of debt. However an IVA is a very viable and often more suitable alternative to bankruptcy. If in business you would still be able to trade if you take an IVA whereas with bankruptcy you wouldn't. Of course you should ask IVA questions before rushing into taking it out. The differences between an IVA and bankruptcy are enormous and neither of these options should be entered lightly. However of the two an IVA is the least damaging and should be considered first.
By Kenneth C. Hoffman
Buy local produce when available and learn to enjoy eating whatevervegetables are available at low cost. Better yet is to go to the country when vegetables and fruits are in season and ready for canning.
Buy a vehicle that boasts a small motor that will give you many more miles per gallon than that rubber burning monster you have now. It is not necessary to go from zero to sixty in six seconds. Ten or eleven seconds will get you there just the same.
Don't charge more than you can pay off without interest. Credit card companies are among the richest in the world on your payments of interest. A bonus is the two per cent dividend you get for using their card for everything.
Dedicate some space in your house for a workshop with storage. Save those nuts and bolts for your next project whatever it may be. A home empty of unneeded (for now) gizmos just makes you buy six of an item you just need one of.
Learn to cook interesting and healthy recipes instead of being lazy and eating out. Hundreds of dollars can be saved every year and you will live longer and healthier, too.
Buy a small house that fits your needs rather than paying exorbitant rent or heating and cooling acres of space you will never use. Spend the money you will save on better quality furniture and clothes that don't wear out in a couple of months.
Choose wash and wear fabrics that don't need ironing or dry cleaning. You pay a little more up front but get it back in savings. Fabrics to look for are stretch Dacron, nylon jackets, pure wool or Trevira suits that don't wrinkle and high quality cotton sweaters.
Learn to love what you have instead of what you can't afford. We live in a wonderfully varied world with a myriad of things to keep us busy and interested in life.
About the Author: A retired portrait and wedding photographer, I enjoy writing , how to articles, helpful articles on photography and many other subjects. My hobbies include quartet singing, shop, bicycling and photography. Please visit my web site at http://www.photoartbyken.com [Articles, Digital Art, Poetry, Original sheet music.]
============================================
Debt Management - An Excellent Option For Those Who Are Unable to Repay Their Debt
By Oliver Wingrove
Almost all of us, in our life, resort to debt for one or the other reason. In many cases, however, the debt can change our entire life. Not only the person in debt has to bear the burnt, but other members of his family also has to suffer from its effects. The debt may originate from the use of credit cards, home shopping catalogues or from taking a loan for any purpose. Many of them face no problem in repaying their debt. However, for a greater number of persons, repayment of their debt does not become a reality and they find themselves in great trouble. Due to non payment burden of their debt goes on increasing day by day and pressure of it mounts on them. In many cases, these persons are not responsible for being defaulters. They receive red letters from those to whom they owe the money or are threatened to be taken to court of law by the creditors. But due to not getting any feasible way out they hope that something magical would come to their rescue and they would be able to pay off their debts. We all know that such magical things cannot be expected to happen in the majority of cases. Rather, to get rid of the debt problem, some conscious steps have to be taken.The best and most effective way would be to take the professional help of a specialist company to consider the different debt management alternatives available and to select the most suitable one.
Alternative ways for debt management:
For the management of debt there are more than option available.To find out the best option for you the good sides as well as bad sides of each option are to be evaluated.The amount of debt and who are the creditors are also important factors to decide the best alternative. The options include a debt management plan, a debt consolidation loan or an IVA. The selection could be really effective if and only if proper guidance and help is available to the person in debt.A company specializing in debt management is the only one who can provide the much needed impartial guidance in finding out the best suitable option for you and will help you to rigidly follow the selected plan of debt management.
IVA i. e. Individual Voluntary Arrangement
IVA may be defined as an arrangement between the debtor and their creditors for repayment of the debt over a period of time, generally 5 years and in each time period a ercentage of the debt is paid off. Though an IVA may be seen as an alternative to bankruptcy, it is not at all a desirable solution. An insolvency practitioner supervise the IVA arrangement between the parties and if at the end of the IVA term any amount remains unpaid, that amount is written off.
Debt consolidation loans
If you have many creditors to be paid off and you are being compelled to pay high rate of interest on the loan, a debt consolidation loan may be a viable alternative. A loan at a cheaper rate may be obtained to pay off all the existing debts which can be repaid over a much longer term. This gives you much needed breathing time, saves some money for you and makes you free from all the debts at the end of the term.And above all, you have to repay just one loan and have to deal with only one creditor.
A debt management plan
Your condition especially your credit rating may be such that you may not be able to secure a loan to repay your existing debts. In such situation a debt management plan is the best option. You have to find an efficient debt manager who will assess your inflow and outflow of fund. From these figures an amount will be worked which you can afford to pay each month. Your debt manager will negotiate with all your creditors and if he succeeds in fixing a deal with them you would pay each month the amount agreed upon to the manager and he will, in turn, pay the whole amount paid by you to your creditors on monthly basis.
Are you considering taking out an IVA as a solution to debt problems? If you are then you need to find a good financial advisor who will be able to explain the whole process to you and show you other ways of breaking free of debt. However an IVA is a very viable and often more suitable alternative to bankruptcy. If in business you would still be able to trade if you take an IVA whereas with bankruptcy you wouldn't. Of course you should ask IVA questions before rushing into taking it out. The differences between an IVA and bankruptcy are enormous and neither of these options should be entered lightly. However of the two an IVA is the least damaging and should be considered first.
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