It's time for all of us to take the immediate action needed to stop living in fear of our finances! We've all made bad choices in our lives - - from men to money. We take action to get over our men, and now it's time to take action to get on with our money! Here are 5 things anyone can do to change their financial picture.
1. Pull your credit report at www.AnnualCreditReport.com Understand that we have total control over 65% of credit scores! 35% of credit scores is based upon having bill payments received and posted before the due date, and 30% is keeping balances low on credit cards and other revolving credit accounts. Balances should be kept at 1/3 or less of the available credit limit. Getting to the point that these two factors are met will increase your credit scores!
2. Take all credit cards out of your wallet and then tame the Debt Dragon with a written plan to pay it off. Here are two ways to get rid of debt. Write all of your debt down in 5 columns as follows: creditor name, outstanding balance, minimum pymt, actual pymt, and the difference between the actual and minimum pymts. Rearrange the list with the smallest outstanding balance at the top, and then add up the amounts for the column labeled "difference". When paying bills, add the total for the "difference" column to the minimum pymt for the debt at the top of the list, and pay the minimum for all the other debts. When debt #1 is paid off, add the total amount that was being sent there to debt #2. Keep following this pattern until all debts are paid off.
3. For fast and simple debt elimination, go to: www.UpAndComingMillionaire.com and watch the 4 minute video. The video explains what your creditors don't want you to know about your debt! It also shows a much faster and easier way to get rid of your debt.
4. Create a spending plan. We plan everything from what to wear to what's for dinner to vacations, but most of us don't plan how we spend our hard earned money! Download and complete a free spending plan template on the Products page of my website, www.CreatingFinancialLiteracyLLC.com
5. Do nothing! Yep that's right! If you do nothing, your finances will change because they will continue to get worse. Think about it - - if you've been doing nothing to move forward, have things magically gotten better on their own?
We all have goals and dreams, and now we have 5 ways to change our finances! You can do it and I am available to help if you want it! If you are a true Sistapreneur, then my services are tax deductible and you will begin to see your dreams come true faster because your finances are in order!
If you like this post and like helping people, business opportunities are available with or without a finance background. Anyone with questions or comments can contact me directly at www.CreatingFinancialLiteracyLLC.com
Here's to taking massive and immediate action on our finances!
Jennifer
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