January 6th, 2010
Wednesday Trends in Credit Cards & Debt
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Every penny counts today as the value of the dollar continues to decline in the new year. The blog, “Dual Income No Kids Finances,” posted this picture of what a dollar buys to see just how much American money has depreciated in comparison to world currencies.
If you’re keen on paring down debt, consider the value of each and every dollar you save. Skipping a morning latte or a trip to the movies adds a little more fuel to your debt reduction plan . Read ahead for more debt help and credit card news updates.
Credit Card News
- Did you know you can build credit without credit cards? Blog site Eliminate the Muda explains.
- If you are already carry a balance on your credit card, Rich Credit Debt Loan suggests the smart way to handle credit card debt.
- More consumer information about the Credit Card Act of 2009 reported by ABC News. Extra information you need to know about what moves your credit card issuer might make in the coming weeks.
- Here’s another article to prepare you for the Credit Card Act, 5 steps to dominate the new financial legislation in 2010, from blog site Foreigner’s Finances.
Fresh from holiday spending season, the following articles and blogs focus on getting rid of holiday debt and planning debt reduction strategies for the new year:
- 5 ways to dig yourself out in 2010 reported by MSN MOney. “1) Save $500.”
- Erase holiday debt from The Wall Street Journal. “Stretching debt payments for holiday spending over a long time will negate any savings you might have gained from any seasonal sales or discounts.”
- 9 rules to get out of debt blogs DebtKid. “You must cut expenses like a butcher. Slash away. Everything non-critical must go.”
- How to waste money in 9 easy steps by 20something Finance. “#3: Pay whatever fees the bank charges you because they’re the boss.”
- Why tracking expenses is important when paying off debt writes Being Frugal. “Without tracking your expenses, it’s hard to know where you’re overspending.”