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Why plan for retirement social security will be enough to live on, I hope. Don’t plan on having someone else to take care of you, plan on taking care of yourself. Article Links: https://www.investopedia.com/articles/retirement/11/5-steps-to-retirement-plan.asp By Julia Kagan https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/reso…
 
Take the time to look ahead in life, then plan for whatever is coming. This is what most people fail to do, failing to plan is planning to fail. Article Link: https://www.themuse.com/advice/50-personal-finance-tips-that-will-change-the-way-you-think-about-money By Alden Wicker How to contact Misterchuck , for questions, comments, requests use this …
 
Is it a good place to get a loan, it depends on what the use of the loan is going to be. Be careful and know the interest rates and all fees before accepting this type of loan. Article Links: https://www.policygenius.com/loans/news/5-risky-loans-to-avoid-at-all-costs/ By Paul Sisolak https://www.investopedia.com/articles/personal-finance/111815/8-p…
 
Feeling overwhelmed with bills, it seems there never enough money to pay all. How to get out of this cycle and have money to save. The first thing to do in this process is to review… Article Links: https://www.gobankingrates.com/money/jobs/10-reasons-living-paycheck/ By Christina Lavingia How to contact Misterchuck , for questions, comments, reques…
 
What is a debt management plan, is it the same as a debt reduction plan what is the difference between these plans. Should a debt management plan be something in place before borrowing money. Article Links: https://www.bankrate.com/personal-finance/debt/what-is-debt-management/ By Raychelle Heath https://www.moneymanagement.org/debt-management/what…
 
Before getting a debt consolidation loan the first thing to do is to have a debt reduction plan. This way getting that loan will be easier and perhaps not even required. There are many apps that help with getting finances under control. They may not help until the user has a better understanding of getting spending under control. Article Links: htt…
 
This is a quick and easy way to get started with a budget. Knowing categories and the percentages of each is key in keeping a successful budget. Article Links: https://www.quicken.com/blog/budget-categories By John Worley https://familybudgetexpert.com/budget-categories/ By Rob Bertman CFA, CFP How to contact Misterchuck , for questions, comments, …
 
How to use your tax refund to reduce your debt. Many people think by using tax refunds to pay down debt is the best thing to do. This may not be the best way to use a tax refund. Article Links: https://www.cnbc.com/2021/04/13/here-are-some-smart-and-also-fun-things-to-do-with-that-tax-refund.html https://www.thebalance.com/ways-not-to-spend-tax-ref…
 
Bye now the Christmas spending is showing up on credit card statements. Now the time to start planning to avoid the same debt problems next year. How to quit using credit cards to pay for Christmas. Article Links: https://www.cnbc.com/2021/11/29/holiday-shopping-2021-more-than-half-of-americans-are-going-into-debt.html By Jessica Dickler How to con…
 
Many Americans are living paycheck to paycheck don’t feel alone. This is a common problem among middle income and high earners making over $ 100,000 per year. So, it not the income that the problem perhaps spending too much with too much debt. Article Links: https://www.investopedia.com/articles/personal-finance/091015/why-high-earners-still-live-p…
 
Retirement is not an age but should be when finances allow retirement to happen. Retire early is only limited to income, debt owed, and the ability to pay all the bills. Having wealth in abundance at an early age solves this long-time problem. Article Links: https://www.ramseysolutions.com/retirement/what-is-the-fire-movement https://www.cnbc.com/s…
 
What is personal finance, it more than paying off debt or creating a budget. It is planning, managing money as well as savings and investing. Also, the protection of assets plus protection of income. This podcast focuses on reducing debt, but personal finance is much more. Article Links: https://www.credit.com/personal-finance/ https://corporatefin…
 
The final process is to create a financial plan. Getting here has been a lot of work tracking income and expenses, creating a budget, getting a debt reduction plan in place. Now the final step is to put down on paper your financial plan. Article Links: https://www.franklintempletonindia.com/investor/investor-education/video/importance-of-financial-…
 
New year maybe good time to setup a new budget. Already have budget good time to review and make changes to reflect the changes in life. Adding new categories, removing old ones is an ongoing process. Request a budget worksheet already setup by going to ReduceDebtIncreaseWealth.com face book page send instant messenger request budget worksheet givi…
 
What is tracking and how does this work with a budget. First a budget only shows what you should be spending. Without tracking how would a person know if on track or spending too much. The most important part of your personal financial life should be tracking. Article Links: https://www.thebalance.com/how-to-track-your-expenses-2385695 By Miriam Ca…
 
Unable to pay off credit card balance every month a problem is developing. To solve this problem stop using credit cards to made purchases. This is how to stop using credit cards, the rewards are not worth the interest and fees that may be paid. Article Links: https://www.forbes.com/advisor/credit-cards/how-to-get-off-the-cycle-of-using-your-credit…
 
Building credit is important for everyone. Having a bad credit score will hurt the chances of getting a loan, and even increase cost of insurance. Article Links: https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/building-credit/ By Stefan Lembo Stolba https://www.bankrate.com/personal-finance/credit/how-to-build-credit/ …
 
Debt consolidation may be a good idea, can you get the loan with lower interest rate. Is your credit rating improving or getting worse since the last loan or new credit was issued. Getting a higher interest rate loan does not make sense so beware before getting a loan consolidation. Article Links: https://www.forbes.com/advisor/personal-loans/pros-…
 
Companies offer you relief from credit card debt if it sounds to good to be true then beware. What to know before doing anything. Do it yourself to reduce the cost and time to get out of debt. Article Link: https://www.consumer.ftc.gov/articles/0145-settling-credit-card-debt How to contact Misterchuck , for questions, comments, requests use this em…
 
What can be done to lessen the impact of inflation on household budgets. What is inflation and how to tell if it is affecting your budget. Article Links: https://pocketsense.com/budget-inflation-2221946.html By William Adkins https://www.theadvertiser.com/story/money/business/2021/08/07/how-account-inflation-your-budget/5499935001/ By Mary Fox Luqu…
 
Having some type of debt reduction plan is a must to get rid of credit card debt. There are things to do to help and things to avoid at all costs. Article Links: https://www.nerdwallet.com/article/finance/find-debt-relief By Bev O’Shea https://www.consumer.ftc.gov/articles/0150-coping-debt All Episodes now on Facebook, go to ReduceDebtIncreaseWealt…
 
Planning is an ongoing process that must be review and updated every year. It only takes a few minutes to do this but is important as things may have change over time. Article Links: https://www.nerdwallet.com/article/investing/what-is-a-financial-plan By Kevin Voigt, Alana Benson The 5 Times When You Should Review Your Financial Plan | Kiplinger b…
 
Once the budget is set and perfected than it can be used to plan for a new loan, retirement, investing or saving for that new home, wedding, child or automobile. Article Links: A Better Way to Budget: The Fiscal Fitness Plan Ahead Method (fiscalfitnessphx.com) All episodes are now on Facebook go to ReduceDebtIncreaseWealth.com in Facebook and look …
 
Should you use a Home Equity line of credit HELOC what are the benefits and disadvantages. Maybe an Equity loan is a better way to improve the home. Personal loan line of credit is another option maybe but will cost more interest. Article Links: https://learn.financestrategists.com/finance-terms/loc/equity-line-of-credit/ by True Tamplin, BSc, CEPF…
 
The FIRE movement is strong with the younger generation wanting to retire early. Maybe at age 35 to 40 is this possible and how is it done. Then what will a person do in retirement, most likely work of some kind. Article Links: https://www.playingwithfire.co/whatisfire https://www.businessinsider.com/personal-finance/why-ditched-traditional-fire-mo…
 
What to buy that first home or move up into another home? The first thing you need to do is save up a down payment. But that still not enough, so MisterChuck expands on things to do to get into that home. Article Links: https://www.rocketmortgage.com/learn/how-to-save-for-a-house By PATRICK CHISM https://time.com/nextadvisor/banking/savings/how-to-…
 
Having credit is good but having too much debt can be bad. How to manage credit so you do not have to manage debt. Article Links: https://pocketsense.com/advantages-disadvantages-consumer-credit-8063.html By Cam Merritt https://www.nerdwallet.com/article/credit-cards/credit-card-tips-everyone-should-know By Lindsay Konsko https://www.marketplacefai…
 
How to increase your net worth, investing into stock for the long term is one way. The other is to reduce your debt. Doing both at the same time may increase your net worth faster. This episode is the basic on investing in stocks and the benefits. Article Links: https://www.investopedia.com/articles/basics/06/invest1000.asp By Chad Langager https:/…
 
What are budget categories, and the percentages should be when determining how much to spend. MisterChuck goes over this information and much more. Article Links: https://www.chime.com/blog/recommended-budget-category-percentages/ By Chonce Maddox https://www.credit.com/blog/12-top-budget-categories-you-need-in-your-plan/ All episodes are now on Fa…
 
What does it take to reduce debt? MisterChuck goes over the method to get debt under control and over time get out of debt. Articles Links: No articles used All episodes are now on Facebook go to ReduceDebtIncreaseWealth.com in Facebook and look to the podcast tab. How to contact Misterchuck , for questions, comments, requests use this email addres…
 
How to avoid using debt relief programs and determine what was the cause of getting too much debt. Before using any debt relief program you must understand why your debt is a problem. MisterChuck talks about these plus other things people do that are personal finance mistakes. Articles Links: https://www.bankrate.com/uk/current-accounts/personal-fi…
 
Christmas is not far off, now the time to set aside money for your Christmas shopping. Article Links: https://www.moneycrashers.com/create-holiday-budget/ By Amy Livingston All episodes are now on Facebook go to ReduceDebtIncreaseWealth.com in Facebook and look to the podcast tab. How to contact Misterchuck , for questions, comments, requests use t…
 
When your income is too low the need for a new job is required. What are the job interview questions and how to handle is covered in the episode. Article Links: https://www.indeed.com/career-advice/interviewing/top-interview-questions-and-answers By: Indeed Editorial Team https://www.themuse.com/advice/51-interview-questions-you-should-be-asking By…
 
What to know before investing in the stock market, the basics that are important. 1.Assets Classes 2.Diversification Article Links: https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/asset-class/ https://www.nerdwallet.com/article/investing/diversification By Tiffany Lam-Balfour, James Royal, Ph.D., Elizabeth Ayoola How to …
 
If you are self-employed or thinking about starting your own business here how you should do a budget. Included are the percentages for each category to consider when reviewing your monthly budget. Article Links: https://www.gobankingrates.com/saving-money/budgeting/recommended-budget-percentages/ By Kathy Evans https://www.thebalance.com/how-to-fi…
 
What is personal finance? Why personal finance is important, and how does it affect everyone's life. This episode Mister Chuck goes over the basic things that personal finance includes. Article Links: https://www.investopedia.com/terms/p/personalfinance.asp By WILL KENTON How to contact Misterchuck , for questions, comments, requests use this email…
 
Budgeting is not all that hard; it is easy after understanding the basic concept. It is a plan for your money nothing else. Failing to plan is planning to fail. Budget Categories 1.Housing 2.Transportation 3.Food & Dinning 4.Entertainment 5.Cloths 6.Savings Article Links: https://mint.intuit.com/blog/budgeting/tips/ https://bethebudget.com/budgetin…
 
A plan is needed to reduce debt. No matter how much is owed or the number of credit cards or loans. A plan will help organize all debt and determine the order of payment. 1.Create Budget 2.List All Debt 3.Stop Creating New Debt 4.Put money into Emergency Fund (Saving Account) Article Links: https://www.investopedia.com/best-debt-reduction-software-…
 
A simple approach to getting a financial plan in place. Financial plan will help track goals, set spending limits and get an emergency fund into place. Financial plan help identify your short comings with finances and directs movement to a better place. Article Links: https://www.schwab.com/resource-center/insights/content/10-steps-to-diy-financial…
 
Types of bankruptcy and what the requirements may be to file and get bankruptcy relief. Note I am not an attorney, and this is not legal advice .Articles Links: https://www.credit.com/debt/filing-for-bankruptcy-difference-between-chapters-7-11-13/ by Gerri Detweiler https://www.creditkarma.com/advice/i/chapter-7-bankruptcy-means-test By Lance Cothe…
 
Two questions to ask yourself, how long will my retirement savings last? How much will be lost to Income Taxes? Article Links: https://www.westernsouthern.com/learn/financial-calculators/retirement-withdrawal-calculator https://www.investopedia.com/articles/personal-finance/062615/10-little-known-ways-reduce-your-401k-taxes.asp By TIM PARKER HTTPS:…
 
Once your debt has been paid off, the need to make money work becomes important. One way is to start a business or invest in a business what to do? Article Links: http://www.angelscorner.com/articles/12_rules_for_inv.htm https://www.investopedia.com/articles/personal-finance/120815/4-most-common-reasons-small-business-fails.asp By MELISSA HORTON Ho…
 
How to reduce your spending. Get spending under control is the most important thing to do when reducing debt. First make a Financial Plan, and a Debt Reduction Plan. Article Links: https://www.clevergirlfinance.com/blog/how-to-stop-spending-money/ By Bola Sokunbi https://www.fool.com/the-ascent/banks/articles/how-stop-spending-money-you-cant-afford…
 
What are types of expense that should be in a budget? Mister Chuck explain the types and the categories in making a simple budget .Article Links: https://fiscalfitnessphx.com/know-your-expenses-know-your-budget-four-types-of-expenses-and-how-to-plan-for-and-cut-them https://www.quicken.com/blog/budget-categories By CRAIG TSUCHIYA 5 Signs You're Doi…
 
Mister Chuck helps a friend pay down and then pay off all their credit cards debt. How to get started, what to do every month and the important thing to stay focus on getting all the debt paid off. Article Links: https://www.creditcardinsider.com/learn/reducing-debt/ By Brendan Harkness How to contact Misterchuck , for questions, comments, requests…
 
Should you use a prepaid card, what are the fees and advantages. Prepaid cards better than a checking account with debt card.? Mister Chuck looks into these and other questions. Article Links: https://www.higherpurposefinance.com/advantages-and-disadvantages-of-having-a-debit-card/ By Kathy Ngo https://www.thebalance.com/should-you-spend-with-debit…
 
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