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Yielding Wealth | Personal Finance

Archive for the ‘Debt Management’ Category

June 30th, 2008

Need Fast Cash? Some (Not So Fun) Ways to Get It

One of the questions I am occasionally asked goes something like this:
“How can I get some fast cash?”
For most people, the answers are less than pleasant. Shannon Christman at SavingAdvice.com offers these things you can do to rustle some fast cash (usually between $100 - $500):

Yard sale.
Online auction.
Pawn shop.
Salvage (scrap metal, cans, etc.).
Loan from friends […]

By miranda -- 2 comments

June 20th, 2008

Personal Finance Tip #5: Pay Off Consumer Debt

This tip is a biggie: Pay off consumer debt. (Especially credit cards.)
Debt costs you money. Sometimes thousands of dollars. The interest charges don’t bring you anything tangible — or even tangible — in terms of benefits. All interest from debt represents is money you pay to get someone else rich. My guest post on […]

By miranda -- 0 comments

June 20th, 2008

Personal Finance Tip #4: Needs v. Wants

This personal finance tip comes from Jen over at Everyday Networker:
Understand the difference between a want and a need. Most things you think you need…you don’t!
I like this. How many times do we say that we “need” something? But really, in our society, we have turned many wants (cable TV, a house with an […]

By miranda -- 2 comments

June 12th, 2008

A New Kind of Debt Negotiation? Rise Above Debt Relief

Normally, I am not overly fond debt negotiation. After all, the idea is that you stop paying your creditors and put money into a third savings account. The debt negotiation company then works on settling your debt (usually for less than you owe overall) and then pays the settlement out of the third party savings […]

By miranda -- 0 comments

June 2nd, 2008

Ask the Piggy Bank: 5 Things To Get Your Personal Finances On Track After Graduation

It’s graduation time, and I’ve been getting a few questions about personal finances now that the “real world” has to be faced by college grads. Here is one question that basically sums up all of the questions I’ve got so far from grads:
I just finished college and I’m ready to get out there. Other than […]

By miranda -- 0 comments

May 20th, 2008

Guest Post: My Dollar Plan and Aggressive Debt Reduction

The guest posting blitz is winding down. But here is one that I wrote for My Dollar Plan on aggressive debt reduction. If you are looking for a way to turn “wasted money” into debt reduction, this just might be the way to go!
Tags: aggressive debt reduction, debt reduction, My Dollar Plan, personal finance blog, […]

By miranda -- 0 comments

April 14th, 2008

Exchanging Unsecured Debt for Secured Debt

Over the weekend, I wrote about how my credit card company is trying to get me to refinance my home with them, and take out some cash. For me, this is an obviously foolhardy move. Such offers usually go straight through the shredder.
But Sean left a comment that I feel is very pertinent to the […]

By miranda -- 0 comments

March 13th, 2008

Guest Post: Personal Finance Advice

Not too long ago, Yielding Wealth ran a contest in which readers submitted questions to Linda Leitz. Leitz is the author of the book We Need to Talk: Money & Kids After Divorce. Throughout the rest of the month, I will be posting her answers to the four best (and most common) questions I received.
Today’s […]

By miranda -- 0 comments

December 7th, 2007

What’s Your Credit Card Interest Rate?

If you haven’t been reading those notices that come in your credit card statement, or if you haven’t looked on your statement for your credit card interest rate, you may be in for a rather unpleasant surprise.
Some credit card companies (Discover notable among them) are in the habit of periodically checking your credit report. They […]

By miranda -- 0 comments

October 31st, 2007

Ask the Piggy Bank: How Can I Avoid Foreclosure?

With the news that 2 million foreclosures are expected by 2009, many people are wondering if their adjustable rate mortgages will come back to haunt them when the mortgage interest rate reset takes place. One of the questions I was recently asked was this:
How can I avoid foreclosure?
The answer to such personal finance questions is […]

By miranda -- 8 comments

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