Credit Card Debt Repair – Solving Your Credit Card Debt Problems

Many people get into trouble with credit cards. Having a couple of credit cards that you manage properly will help build your credit, but many people do not have the discipline to manage credit cards properly and end up with significant debt and a poor credit score. It is important to resist the temptation to open credit cards just because an offer comes in the mail. Many credit cards have interest rates and fees that increase significantly if one payment is missed or is late. Credit card terms and conditions are often difficult to understand so consumers don’t realize what they are getting into before incurring the debt.

Debt consolidation and debt settlement is a solution to unmanageable credit card debt for many people.

Debt consolidation/debt settlement is a good idea if you have several high interest credit cards that you have trouble paying on time or you are only able to make the minimum payment. Having one smaller monthly payment will help you manage your debts and pay them off faster. As part of the debt consolidation program the company you use may be able to get the credit card companies to reduce the interest remove late fees and even reduce the principle.

Remember, if you only pay the minimum amount each month it can take many years to pay them off and most of the payments you make will go to interest.

Paying more than the minimum required each month will help you pay off your credit cards faster and to boost your credit score. This also shows lenders that you are able to manage your finances properly by making your payments timely.

Do not be afraid to use debt consolidation/debt settlement programs if you are in debt over your head. These programs can help you get back on track in a relatively short time. Most credit card companies are ready to offer a deal to these companies on your behalf to help you solve your money owing problems.

All in all, there are debt management programs available for those dealing with high indebtedness, just make sure you are dealing with a trusted company. A check at the Better Business Bureau website could do the job perfectly.

How to Manage Your Personal Finances – Retirement Capital Requirements

Many articles have been written about the subject of retirement planning and there are many books published by experts on this very important issue. I have just recently joined the fold of the retired group and I have been through the mill (so to speak) of planning and implementing my retirement plan in it's initial phase. It is this, the initial phase, which I would like to concentrate on in this article.

So, how do I plan my retirement date?

Most companies have contractual dates for retirement. For example, retirement ages could range from 55 years old for early retirement to 60 years old for Directors to 65 years old for operational staff. These dates are generally a guideline since companies do exercise some flexibility when applying these parameters. However, each individual should be using these parameters as a benchmark and then build a projected financial model to see if they are adequately provided for in retirement. Note: The use of a financial advisor is highly recommended in this planning process.

Since the above guidelines, your retirement date is in fact flexible provided that you can satisfy the golden formula which is expressed as: "Accrued income plus passive income must exceed your current cost of living plus an adjustment (up or down) for lifestyle choice in retirement plus inflation projections and sufficient liquid cash for emergencies ".

Let's face it, the thought of early retirement is in the minds of all of us but if you can not afford it, you are heading for suicide.

Let me expand the golden formula as follows:

  • Accrued income is the monthly pension or income that you can derive from your pension accumulation through your working life. This figure will be provided to you by your pension fund or your investment institution.
  • Passive income is income from investments that you made through your working life. Here you consider regular income from property investments, equity investments, dividends, savings interest, business partnerships and any other form of reliable income which you will derive on a monthly basis.
  • Current cost of living is the full annual cost of your current lifestyle. Be extravagant in estimating this figure and be sure to include everything that you incur as a cost.
  • Adjust your retirement requirements up or down depending on your circumstances and your intended lifestyle in retirement.
  • Make adequate provision for injury during your retirement years. Your financial advisor should project your retirement capital adequacy over your expected lifespan.
  • Ensure that you have a 'nestegg "of cash available for emergencies such as buying a new car, unexpected medical bills, renovating your house, helping your kids, taking some holidays and anything else which is relevant to your situation.

I spend many hours pondering the above elements and I suppose it is only natural to be very conservative about whether you can actually go ahead and retire. Assuming that the criteria for the golden formula are met and in order to make the decision a little easier, the following points are highly recommended:

  • You should have no heavy debt burdens. Your mortgage should be paid off, your car hire purchase agreements should be settled and you should have no major debt commitments. In fact, you should be able to live from cash out of your wallet.
  • Your "wish list" for your activities in retirement must be catered for in your planned expenditure.
  • You must not have any plans that requires you to erode your capital base.
  • You need to be sure that your monthly income is pretty secure and you need to have alternative plans if for some reason, your monthly income drops.
  • You need to be able to save some of your retirement income monthly just to prove that you are coping.

In this planning exercise, you need to budget for everything that you want in retirement. Once you have taken the step, there is no turning back if you are serious about retiring. You also do not want to find out that you can not afford some of the things which you had in your vision.

In conclusion, the most important factor in planning your retirement is to ensure that your life partner (if appropriate) is fully informed and on board with the plan and that you create a mutual acceptance and arbitration about your future in retirement.

The above article is created to stimulate thought on your own unique circumstances and you need to tailor your plan accordingly.

Car Insurance – Lowest – 5 Ways to Save Money on Auto Insurance

So – you want to save on car insurance and wonder what the lowest prices around are?  Check out the money saving tips below before signing on that dotted line.

Car Insurance Lowest: Shop Online

Selling insurance online provides savings that are passed on to customers by way of lower premiums.  If you are comfortable with doing business online, this may be the way to go for you.

You should, at least, start your insurance shopping process on the internet.  Use a website like Quote Wizard or 2Insure4Less to obtain a handful of quotations from different companies.  Now you have a basis for comparing coverage and prices.

Car Insurance Lowest: Find an Insurance Company that Caters to your Driving Record

To a great extent, auto insurance rates are set based on your driving record.   So, you need to find an insurer that offers a good deal for your type of driving record.   This is where comparison shopping comes in.  Use one of the websites mentioned above.  You’ll need to complete an online form with info about you, your vehicle, you driving record, etc.  You do that one time and 3-4 quotes will be emailed to you.  You’ll be surprised at how much prices will vary among companies.  Those companies that are not particularly keen to insure drivers with your type of driving record will stick out like a sore thumb…their quotes will be higher.

Regardless if you’re guilty of running a few red lights, or pressing too hard on that pedal or are even a “model” driver – the search should be on!  Comparison shopping is the #1 way to save money on your car insurance.

Car Insurance Lowest: Got a “Rough” Driving Record?

Check out companies specializing in high-risk insurance policies.

How do you find them? As mentioned above, use Quote Wizard.  They will direct the appropriate insurance companies to you.

Car Insurance Lowest: Review your policy

I strongly encourage you to check rates by shopping around at least once a year to be sure your car insurance company is keeping up with market rates.  You don’t want to be the guy who stayed with one carrier for 15 years only to learn one day you have been paying twice what the market is charging.

Car Insurance Lowest: Have a Look at Your Deductible

The price difference between a policy with a tiny $100 deductible and a mega $2,000 will affect insurance premiums by as much as 25%.  These are outside amounts-the most deductible is around $500.

Keep in mind that your deductible does not apply to liability cover.  Meaning that if you are at fault in an accident and have adequate coverage, your policy will cover any damage you caused to other parties and their property.  Your deductible is applicable only to repairs and replacement cost for your vehicle.

How much are you willing to pay out of your pocket for damages to or loss of your car?  Set your deductible at the highest amount that you can afford, but do not assume that you will never need to pay it.

Motorcycle Audio Accessories for the Discerning Biker

If you own a motorcycle, the prospect of listening to music while experiencing the taste of freedom is just the greatest enthralling feeling on earth. It's a good idea to go out for a long ride on the highway or the woods, so that you can hear your favorite music all the time. So, if you are an enthusiast biker and spend a significant time on the road, why not considering installing suitable motorcycle audio accessories for it.

These days, a variety of motorcycle audio accessories and motorcycle audio systems are available to suit your requirements. But, how would you choose the right one for yourself? By searching on the Internet and also based on your personal choices, you can go in for an audio system or set of accessories that suits your tastes.

Earlier, these systems consist of just simple AM ​​/ FM receivers, but all that has changed nowdays. These days, it is easy to get brilliant and versatile motorcycle audio accessories such as motorcycle amplifiers, motorcycle amplifiers with wireless remotes, 2 channel mini amplifiers, stereo audio system kits, motor speakers, iPod touch mounts, and many others. Currently, motorcycle sound systems are capable of utilizing gadgets like MP3s, USB sticks, and even iPods. With the help of these systems, you can truly enjoy your biking experience a great deal.

You can also listen to crisp music at great speeds, courtesy of add-on audio for motorcycle helmets. In-helmet audio systems are certainly an advance when it comes to the most definitive systems of your choice. Moreover, you can install a premium quality CB radio on your motorcycle if your budget permits. Authentic and quality motorcycle headset accessories are also available for your listening requirements.

There's one bit of advice for all you biking enthusiasts and music aficionados. Technology is always advancing, and sooner or later there will be upgrades available. Therefore, it is advisable to buy a system that is capable of an upgrade in the future. At the same time, you should also consider your overall budget for installing a system or choosing the motorcycle audio accessories of your choice. It is advisable not to blow all your hard earned money over something that you can not afford right away, so consider getting your accessories over a period of time if you feel your choice could exceed your budget.