The recent recession accelerated an already growing debt crisis for many Americans. Parents can easily become overwhelmed by their debt levels and the typically high interest rates that come with unsecured loans and credit cards. However, if you can maintain control and stay somewhat objective, you can systematically reduce your debt, while saving money on credit card interest and fees. Here are tips to create a successful plan to reduce your debt.
Family finance tips
At Gerber Life we know the value of a hard-earned dollar. And when you're raising a family, it becomes even more important to stretch that dollar as far as it can go to help you save money. Our family finance tips can help you make smart decisions for spending your money as well as help you make use of opportunities to save it. Whether it's clipping coupons before grocery shopping or throwing a do-it-yourself (DIY) children's birthday party, our family finance tips can help you think outside the box so that you can save money.
With gas prices across the country nearing $5 a gallon, its little surprise that motorists are looking for any way possible to save money when they hit the roads. One way to do this? Consider using nitrogen filled tires for your car.
Steve and Annette Economides and their seven children have been – self-proclaimed – “America’s Cheapest Family” since 1982. They garnered a great deal of media attention in the free-spending 1980’s for their eccentricities: grocery shopping once per month, buying nothing on credit but their homes, paying one home off entirely in nine years and generally eschewing consumerism as a lifestyle. In the midst of the recent economic recession, their budgeting and financial skills no longer seemed eccentric, but essential. In 2010, they published Cut Your Grocery Bill in Half with America’s Cheapest Family. An MSNBC program on the book shows video footage of their savings in action and provides budgeting tips demonstrating how the Economides feed their family for about $350 per month.
How do you share your wealth, even when you’re feeling broke? Although money has its inherent worth, it is not the only thing of value that we can give to help people in need. Time is precious to all of us, and so sharing some of your time can be a powerful and rewarding way to celebrate the Thanksgiving season.
Are you ready to be scared? You, your friends and millions of other American consumers spent … eek! … a combined $6.9 billion1 on Halloween in 2011! That number is expected to rise even higher this year.
Just think of all that you could buy with that amount of money: