We Are Wealthy

Balance transfers can be defined as taking a balance from one credit card account and transferring it to another account. Many people receive offers from their credit card companies asking them to take advantage of a special APR interest rate when they transfer a balance to this account. This blog with discuss why a balance transfer usually isn't a good financial decision to make. Balance transfers, most of the time, carry a fee when transferring a balance from one card to another. The fee is usually around 3% and cannot be less than a certain amount and higher than another. This fee could make the card balance a lot higher than if the money was just left on the first card. Sometimes the offer might only be for a limited time: 0% APR for 6 months or 4.6% APR for 12 months are some of the offers I've seen come in the mail. You may plan to pay off this balance in the alloted time, but events come up and you're unable to pay the balance off in time. After the promotional time ...

Emergency funds are probably the most important thing you can have available. An emergency must be created after a budget since one must know how much money is left over for saving after all spending is known. Emergency funds are important for financial security, because they give you money to fall back on in times of need. Think how many times in the past year you have needed some money for some sort of emergency. Medical bills, flat tire on your car, pet was ill, and many more emergency money situations are happening frequently enough that this fund is a necessity. As we already covered, a budget should be completed first. Next, we need to get started on the emergency fund. Before spending your money on going out to dinner or buying a big screen TV with the money you have left over each month, get started putting as much as you can into this fund. A good rule of thumb is to save at least three to six months of living expenses. Medical bills are at an all time high, and you would need...

Thanks for viewing my first blog. I look forward to providing my readers with the skills to become free of debt and on the road to success. Please bookmark this page since it will be updated with important tips and guides. Finding out where you spend your money is an important first step in becoming financially secure. During the next month make it your duty to write down every purchase you make. You will be amazed at some of the pointless purchases you make in your day to day spending. If you say “I know where I spend my money, I don’t need to write all my purchases down,” please just write everything down for fun. I have a brother who was in some financial trouble. I was telling him to write all his purchases down, but he thought he knew his money was going. He unwilling did what I asked and couldn’t believe where some of his money was going. Just about every morning he stopped to pick up a coffee before heading off to work. He lived in a city and it was easy to find a coffee shop on...