In my previous post I discussed that there are many secrets that credit card companies don’t want you to know. There are plenty of options out there for you to pick from and many ways that you can avoid user fees and pay little to no interest on purchases. You as the customer have the choice to let your credit card work for you. Here are a few more exciting credit card secrets that will offer you a great deal of personal finance help.

Two-cycle Billing:

This is one other way that credit card companies will attempt to get more money from you and many people don’t even realize that two-cycle billing exists. In short, issuers will calculate an interest charge that is two months of interest if you were unable to pay off the balance in full. It seems like a nasty trick but you are borrowing their money after all. This problem only occurs if you switch from paying on time all of the time to carrying a monthly balance. The solution to rectify this problem is to switch to a new card issuer or ALWAYS pay your balance in full.

Fees Are Negotiable:

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There are many secrets that credit card companies don’t want you to know. There are ways that you can avoid user fees and pay little to no interest on purchases. You are a customer and each credit card company wants your business. Make them work for you. Here are a few great credit card secrets that will offer you a great deal of personal finance help.

1. Interest Backdating

Unfortunately many credit card companies charge you interest rates as high as 18% from the moment you make a purchase. Suddenly that cheeseburger you bought on the first day of the month for $4 has suddenly cost you $4.72 or 18% more. The more purchases you make with that credit card the more everything will end up costing.

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If you are a normal person, you hate spending money on gas. Especially when, for no apparent reason, it jumps up 5-10 cents in one day. Many of my clients seeking personal finance help are looking for tips on saving money in various areas. I’m going to focus on how to manage money as it relates your fuel economy. As a side note, I think it’s important for you to have a good quality budget set up so that you have a pre-determined spending goal on gas. You can look in google for a budget tools, or check our resource link for a comprehensive budget spreadsheet. Here are the 3 tips I think are most practical

Drive Sensibly - My grandma’s lincoln town car has a mileage gage. It’s amazing the difference in mileage when I am accelerating aggressively (pretending it’s not a town car, but rather a sports car) versus taking it easy. Studies have shown that hard accelerating, speeding and braking can lower fuel Read the rest of this entry

The single greatest way to reduce transportation costs.

We all need to drive. Well, most of us do. I know that in order to get to work I need a vehicle. This does not mean I need a luxury sports car or a big SUV. My ego doesn’t need to be enlarged nor does my bank account need to be reduced. There is a difference between buying a car for travel and buying a car for status. Your finances can be impacted a great deal depending on why you bought your vehicle.

I will save you the time of reading the entire article to find out the single greatest way to reduce your transportation costs, so here it is: Downsize. I know you may be a little disappointed to hear that this is the big tip but I like simple, and simple usually saves you money. Consider the following example:

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We are giving away 2 copies of The Debt Solution System package on
Monday February the 8th. You need to be signed-up for the following list
to be entered to win (No purchase necessary to win):

http://www.thedebtsolutionsystem.com/pre_launch.html

The package includes:

1. The entire first module of our product “The Debt Solution System”
     that is over 90 minutes packed into 4 videos!

2. All the tools, spreadsheets and calculators from the product
    (11 in total)

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Think of all the elements in your home that us Natural Gas to run. My parents have a gas stove, fireplace, furnace, hot water heater and a clothes dryer. Now they are in need of personal finance help if they want to reduce these costs. When they figure out their budget, they’ll know if they gas bill is in line with what it should be based on their income. I’ve sent them to our resource link to get a comprehensive budget spreadsheet and other financial calculators, but they could also search google. Here are three quick gas saving tips you can implement in your home.

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I think it’s time to go back to school. Okay, you don’t actually have to jump on the bus, buy a new school bag and lug around a few pounds of paper and pens and dodge spit balls, but It’s time for a little personal finance help. Here is a fun quiz for you to go through to find out how well you know your finances.

1. It’s always better to choose the longest amortization period with your mortgage because you will have a lower monthly payment.

a: True

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No one likes the idea of being in debt. Debt often creates emotional distress, relationship strains and a general feeling of disappointment and failure. Unfortunately most people who are in debt make similar errors that can be avoided. If you carefully read this article you can avoid these common debt mistakes and get the personal finance help you need.

Lack of a Financial Plan:

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