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January 11, 2007
Was A Sony Bravia TV In My Budget
OK, I goofed! I preach a lot about avoiding unneccessary spending and what did I do tonight?
I just bought a 40 inch Sony Bravia flat panel LCD TV!
Why?
I just bought a new house and my 52 inch Sony Grand Vega TV doesn't fit into the livingroom.
The big Sony had to be put in the unfinished basement, which is fine as I have a couch and love seat here along with my beer fridge so all will work out fine.
I do have a 28 inch TV but the slot alloted for a television in my living room isn't big enough for the TV and stand. I couldn't find a stand short enough to fit into the designated TV area
I could have built a stand for the television to fit but that's not fun. Buying new televisions is fun though.
This goes against everything I preach and the money would have been better spent on growing my business. Oh well, I guess I will never learn.
My only saving grace now is the fact that I didn't buy another home theater system.
I better get online and pay the Visa bill now. At least I earned some travel rewards points with my $2000 television.
Tomorrow it's back to budgeting so that I use my money properly.
Posted by Colin at 11:43 PM | Permalink | Comments (0) | TrackBacks (0)Credit Card Bills Rolling In
Now that the holiday season has come to an end and we are nearly half way through January the credit card bills from the holidays have started to arrive.
Many of my readers have mentioned that they wish they had listened to my advice and not used their credit cards so heavily during the holidays.
If you are in the position where you feel like you are sinking in credit card debt begin now and pay more than your minimum payment. Every extra dollar that you can pay down immediately will be applied directly to the principal balance owing and this will help you get out from under credit card faster.
In order to pay more than the minimum amount you might need to make a few sacrifices such as taking the bus to work. Perhaps you might have to cut back on your entertainment budget. It is important to find ways to come up with extra cash to chip away at your balance owing on your credit card.
Posted by Colin at 04:18 PM | Permalink | Comments (0) | TrackBacks (0)January 08, 2007
Debt Consolidation Loans
Debt consolidation loans might be the easiest way for you to begin the New Year off on the right note. If you are not familiar with the concept of consolidating debt, the simplest way to describe it is:
You make a list of every debt that you owe to anybody and get one loan to pay off all debts owing.
When debt spins out of control consolidating your debt might be the best option for you because you now only have one payment to make and usually the payment amount is lower as the pay back time is usually extended.
If you have been struggling to make ends meet you might want to consolidate your student loans, credit cards and any other outstanding debts, especially high interest debts, and roll them into one easy to make consolidated payment. To really take advantage of a debt consolidation loan make more than the minimum payment to accelerate relief from debt. When you pay more than the minimum requirement, you will chip away at the principal which will not only pay off your loan faster it will also reduce the amount you pay in interest charges.
Don't put this off, consolidate your debts today and start breathing easier.