Wednesday, April 15, 2009

"If you aren't fired with enthusiasm, you will be fired with enthusiasm."....Vincent Lombardt

Are you a good shepard over your finances?

Hi Queens. Okay this is the weak area of in my life (Ha Ha). This will be the shortest blog from me to-date. I have taken steps to resolve my financial issues. I have found that being prayerful and open to sound advice from people of good financial standing (please don't listen to Aunt Bay Bay who had her car repossessd, house foreclosed, or in credit card debt) are just the beginning steps for me.

I have become more aware of my spending habits and have started making good choices of needs vs. wants. If there is a big ticket item that I want, I have now started taking a little from each pay as opposed to buying with one pay or using a credit card. I have paid down half the balance of my existing credit cards. I was told that this along with paying more than the minimal on a timely basis are crucial to good credit reporting.

Okay Queens, I'm not going to belabor the point. Please submit comments and ideas so we can gain control, independence and freedom from debt in our lives.

Peace and Blessings,

Tracey ReNissa

1 comment:

  1. First, I would like to thank Tracey for her insight of the need of tihs type of Blog page. I am finding the topics very informative and encouraging.
    My comment on the above topic: I find it very helpful to use only one Credit Card so that I may keep up with my spending debt. It is very easy to lose count of spending if you have multiple cards. Next, I recommend, that one pay off one card at a time either by targeting the credit card with the highest interest (This decreases your finance charge over a period of time) or the card with the lowest balance (This allows quicker payoff of your card). Using either method to pay off card, one would then use the money they applied to that now paid off card to the next target credit card. The important thing of it all is what Tracey stated above is that we must prioritize our needs and wants. We must sacrifice and plan for big spending. Lady Di.