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How to reduce the spending and save more money to reduce debt or increase savings. First must identify that there is a spending problem. Then find ways to solve this problem. 

 Article Links:

https://www.nerdwallet.com/article/finance/how-to-save-money By Courtney Neidel

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 Reducedebtincreasewealth   at  gmail .  com

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What the difference between credit and debt, then how does each affect your financial life. Debt can be good and bad, but all credit must be good to have a healthy financial life. This episode is about good debt vs bad debt and having good credit.

 Article Links:

https://www.experian.com/blogs/ask-experian/credit-education/score-basics/what-is-a-good-credit-score/

https://www.investopedia.com/articles/pf/12/good-debt-bad-debt.asp#:~:text=Good%20debt%20has%20the%20potential,for%20the%20purpose%20of%20consumption. By Lisa Smith

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 Reducedebtincreasewealth at gmail.com

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 Still working on getting credit cards debt reduced. Now the time to start tracking net worth. This will help in determining the progress made in debt reduction. W hat is financial freedom, is it worth the effort?

Treat all credit cards as cash, only charge what can be payoff every month. Put extra money into emergency fund, once have 6 months expenses the remaining into investments. 

 Article Link:

https://www.spaceship.com.au/learn/the-seven-stages-of-financial-freedom/ By Nicole Webb

 https://financebuzz.com/us-net-worth-statistics By Kerry Murray

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Having an emergency fund is essential in keeping on track with any goals and plans. Increasing the emergency fund is important as the debt reduced this will help keep the debt under control in the future. Once the emergency fund is large enough then start investing first in a high yield saving, then in the market. 

 Article Links:

https://www.investopedia.com/articles/basics/06/invest1000.asp By Chad Langager

https://www.investopedia.com/articles/investing/022516/saving-vs-investing-understanding-key-differences.asp By Lauren Welch

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How to get started in reducing debt no matter what type of debt. Credit cards, student loans, Line of Credit, personal loans, and payday loans getting out of debt can be difficult to get started. It can be done without any outside help if you know how and what to do. 

Quit using Credit

Make minimum payment on debt

Start or Increase Emergency Fund

Apply excess emergencies fund money to debt

 Article Links:

https://www.investopedia.com/best-debt-reduction-software-4844305 By Holly Johnson

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How to budget, the basics using the tracking software to get reports and grouping.  How to reduce overall spending on items. Review the budget to remove items not using or no longer needed.

 Article Links:

https://studentaid.gov/resources/prepare-for-college/students/budgeting

https://www.consumer.gov/articles/1002-making-budget#!what-to-do

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Why tracking is important both to know how much debt is owe, and when due.  Tracking checking, credit cards, savings knowing what is due when and the amount in emergency fund. 

Article Links:

https://www.nerdwallet.com/article/finance/tracking-monthly-expenses By Courtney Neidel

https://files.consumerfinance.gov/f/documents/cfpb_your-money-your-goals_spending_tracker_2018-11_ADA.pdf

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Why plan for retirement social security will be enough to live on, I hope. Don’t plan on having someone else to take care of you, plan on taking care of yourself.

 Article Links:

https://www.investopedia.com/articles/retirement/11/5-steps-to-retirement-plan.asp By Julia Kagan

https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/top-10-ways-to-prepare-for-retirement.pdf

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Take the time to look ahead in life, then plan for whatever is coming. This is what most people fail to do, failing to plan is planning to fail. 

 Article Link:

https://www.themuse.com/advice/50-personal-finance-tips-that-will-change-the-way-you-think-about-money By Alden Wicker

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Is it a good place to get a loan, it depends on what the use of the loan is going to be. Be careful and know the interest rates and all fees before accepting this type of loan. 

 Article Links: 

https://www.policygenius.com/loans/news/5-risky-loans-to-avoid-at-all-costs/ By Paul Sisolak

 https://www.investopedia.com/articles/personal-finance/111815/8-possible-risks-unsecured-personal-loans.asp By Tim Parker

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