Tuesday, January 23, 2018

Greetings Thrifty Friends,

Debt has a way of sneaking up on a person. There are just so many ways you can take on debt, it is almost impossible to avoid. Really, how many people do you know who are debt free? Not many. But debt is not necessarily evil. It is an invaluable tool when it is used responsibly. So what steps can we take to avoid more debt than we can handle?

Keep pinchin' those pennies,
Penny

P.S. EVTV1 is back and better than ever! This video portal was created to sort through the online clutter to bring you the best animal clips...funniest videos...most popular...PLUS the most unusual. New videos are added daily!




TODAY'S THRIFTY TIP:

* Consolidating debt sounds like a good financial move. It may not be, however. The main reason is because many people continue to add to their debt burden after the consolidation and end up with more debt than they can manage. Restructure your spending instead of your debt


* Never co-sign a loan. There is a reason why a professional lender won't approve a loan you have to co-sign. So, why should you?


* Never take out a payday loan if you can possibly avoid it. You borrow what you need for a very large fee, but the big problem is that you probably won't have the extra money to pay back the loan when you get paid next time, either. This begins a vicious cycle of ever-increasing fees.


* Avoid an upside-down car loan. If you need to sell your car, you need to make enough from the sale to pay off your car loan.


* Pay off no-interest offers before they expire! One late payment, and all of those retroactive interest payments will automatically apply!