The Power of Cash

Written by Kelly Cullison


Continued from page 1
week. She knows that whenrepparttar cash is gone, she will have to wait until her next “allowance day” before she will have more. She can visually monitor what’s left in a way she never could with credit cards or checks. She thinks harder about each purchase because she has to hand over good ‘ole U.S. currency. In our digital age, we’ve become desensitized torepparttar 112622 value of money. Money has been reduced to figures on an ATM screen, or a balance on a credit card statement. We’ve lost touch with CASH. By recognizingrepparttar 112623 psychological power of currency and implementing an allowance system, Jennifer has been able to stay within her monthly budget and make tremendous progress. TAKE ACTION Tryrepparttar 112624 allowance approach for 1 month. Follow these steps: 1. Pick a day ofrepparttar 112625 week for your allowance day. Consider your spending habits. If you usually spend a lot onrepparttar 112626 weekends, you may prefer an allowance day early inrepparttar 112627 week so you don’t run out of cash too soon. 2. Review your monthly budget. 3. Identify all ofrepparttar 112628 items that are recurring, such as food, entertainment, haircuts, etc. Ignore bills, such as power, rent, and phone. 4. Add uprepparttar 112629 items you identified above. This is your total allowance forrepparttar 112630 month. 5. Divide byrepparttar 112631 number of allowance days inrepparttar 112632 month. If your allowance day will be Monday, divide byrepparttar 112633 number of Mondays. This is your weekly allowance. 6. Take your weekly allowance out ofrepparttar 112634 bank each allowance day. Don’t go back for more untilrepparttar 112635 next allowance day.

Let me know how it goes! Email me at editor@kc-solutions.net?subject=AllowanceChallenge * Name has been changed, of course.

Kelly Cullison helps consumers eliminate large debt balances without consolidation, credit counseling or bankruptcy. Visit www.kc-solutions.net to find out how.


Stop Debt Collectors Cold and get Back on Your Financial Feet

Written by John Ventura, Gerri Detweiler


Continued from page 1

You Can STOP Debt Collectors

You can write to a debt collector to tell him not to contact you anymore. After he receives your letter,repparttar FDCPA requiresrepparttar 112621 collector to cease all contact with you other than to let you know about a specific action he is going to take -- sue you for example. The drawback of ceasing contact however, is you eliminaterepparttar 112622 option of negotiating a payment arrangement withrepparttar 112623 collector or settling your debt for less.However, if you believe you really don’t owe a debt or if you truly can’t afford to pay it, telling a debt collector to stop contacting you may make sense.

Time and again I’ve seen collectors try to pressure consumers into paying them immediately by threatening to seize their assets, take money from their bank accounts, or garnish their wages. However, a debt collector cannot do any of these things without gettingrepparttar 112624 court’s permission first. Furthermore, you will have plenty of notice fromrepparttar 112625 court about what a debt collector wants to do so you can hire an attorney to stop him.

What To Do If A Collector Violates The Law

If you believe that a debt collector has violated your rights, or you need advice aboutrepparttar 112626 best way to deal with a collector, contact a consumer attorney (visit www.naca.net for a referral). You should also register a complaint aboutrepparttar 112627 collector withrepparttar 112628 Federal Trade Commission at www.ftc.gov. For much more information about dealing with debt collectors, visit my website at http://www.StopDebtCollectorsCold.com, or contact my Co-author, Gerri Detweiler, at gerri@ultimatecredit.com.

John Ventura is a consumer law attorney and board certified in bankruptcy law. He is also a national authority on consumer and small business financial and legal issues. He has a consumer law firm in the Rio Grande Valley of South Texas and is the author of 13 books, including The Bankruptcy Kit and The Credit Repair Kit, and the new ebook, Stop Debt Collectors Cold. He has been featured on CNN, National Public Radio and in numerous newspaper and magazine articles nationwide.


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