George Parr - Subprime Mortgage Crisis

Want to know about subprime mortgage crisis! then watch this video, it will help you to understand better.

Personal Budgeting tips

Do you think that you need personal budget? Yes, to stay financially stable in life you obviously need a proper budget every year. How to create personal budget efficiently? Let’s discuss it and try to find out the best way to make a personal budget.

1) Analyzing your situation: One of the most important things when you are going to make a personal budget is analyzing your situation and be truthful about your income and expenses. Some of us have a tendency of leaving small expenses out of their budget but these small expenses may create big problems in future financial planning. So be sure you put every small expense in your budget.

2) Including Fun events in budget: Some times we exclude fun events from our budget. But we spend lots of money in clubs and other fun areas. So for an effective budget it is essential to include fun expenses also.

3) Budget for unexpected expenses: An important part of budgeting is miscellaneous expenses. We can’t guess these expenses. How strict you are in your budget, these expenses can’t be avoided. Now lets find out how these expenses occurs? Suppose your friend’s birthday invitation, a marriage invitation or a sudden car expenses happen then what! These expenses add some extra debt in your budget. So make sure that you have a provision of unexpected expenses in your budget.

Debt consolidation is better way to avoid bankruptcy

Filing Bankruptcy is very common in USA now a day. The rate of filing bankruptcy has also increased immensely in the last few years. And this is not a good sign for any economy. But now the question is how to avoid bankruptcy? This is a big question to many of us. There are many ways to avoid bankruptcy. Debt consolidation is one of the better ways by which you can avoid bankruptcy. Debt settlement is also popular.

But we need to know the program of debt consolidation well before going for it. Debt consolidation is a program by which all your unsecured debts will combine in a single monthly payment. The benefit of this program is that you don’t have to pay all your debts separately. So, you are not dealing with your creditors anymore, the debt consolidation company will now deal with all your creditors. You will pay to the consolidation company’s fund and they will pay to your creditors. Here another benefit for you is that you can avoid harassing calls from creditors and collection agencies.

Now you might have a question that, will it affect my credit score? The answer may be, your credit will be good as long as you pay your debts. But if you default then it will be bad. Debt consolidation program will not affect your credit. Debt settlement is better for those who are in serious problem and not even in a position to pay monthly payments. In debt settlement program your total debt will be reduced by around 50% and it is far better than filing bankruptcy. So avoid bankruptcy and try to get good credit with debt consolidation or settlement program.

Happy New Year 2008

Happy new year to everybody.