Life after Debt

The most important thing is managing your money. Once you get control of this, you'll be on the road to financial freedom. Look at your finances as a business. This is how businesses stay successful and grow. Businesses are in business to make money. Making money also means keeping it. Wouldn't you like to always have money? Well this is a possibility if you manage what you make.

Look at churches for example. When people tithe, (including the Pastor) that money is supposed to go into some type of account or storage for tough times that church members may run into. Does that happen? Well, that's another blog. I think you get the picture. Budgeting your income annually can really make a difference.

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Clearing up your debt and keeping your identity safe

We all can agree that most victims of crime are victimized by someone they know. It could be a family member a friend or someone you work with. Identity theft is no exception. Here's a couple of Do's and Don'ts to follow. Don't - work on clearing up your credit at work....why? It's their network and they can track your every keystroke. Do - wait until you get home....why? Because you are doing it on your own secured network. Don't - share your passwords with anyone, not even your grandmother....why? Your passwords are your only line of defense on your computer. Do - Have a secured network along with virus protection at home....why? Antivirus programs protect your computer from getting a virus and spyware which can track your every keystroke and you also need an internet security program with current updates. It may cost you but in the long run, it's well worth the spend. Don't - don't throw junk mail away....why? People WILL go through your trash and READ your mail. Do - Invest in a good shredder....why? Shredded mail is nearly impossible to piece together.

So when you truly get ready to begin the tedious work on clearing up your credit, please keep these pointers in mind. Also by doing this yourself, you can help others clear up their credit on their own.

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Is Bankruptcy the Answer?

How much debt is too much debt? Meaning, when is it time to basically throw in the towel? Many times when debt seems out of control, (not through irresponsibility) there is nothing left but to start over. Sometimes life brings situations that are out of our control. It could be Natural disasters, divorce, death of a loved one, layoffs, and even pay decreases. All of these are causes of financial hardships. I know that there are many debt relief programs out there such as debt consolidation, and credit repair but, if your laid off from work or if the bread winner is no longer a part of the picture, bankruptcy may be the only alternative to getting your life back.

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