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April 2, 2012

Three Methods to Consolidate Credit Card Debt

Are you looking for ways in which you can consolidate your credit cards? There are different methods to go about getting all of your credit card debts rolled into one monthly payment and each way works a little differently and is right for some people. You’ll want to know your complete financial situation and the various ways in which you can consolidate credit cards before you choose the method that is most appropriate for you. Once you choose a method, you’ll need to stick with it in order to be successful. Some may argue that these methods don’t work, but that’s most likely because the people gave up before they saw success. It’s the same idea as losing weight; as long as you faithfully cut back on your calories and exercise more, you’ll lose weight no matter which diet or exercise routine you do.

One of the easiest, yet more risky, ways to consolidate debt it to use balance transfer credit cards. Many credit card companies offer anywhere from three to eighteen months of 0% interest on balance transfers, so you could take out a card with a 12 month 0% interest rate on balance transfers, move your old debt to the new card. Instead of paying hundreds in interest, all of your payments would go directly to the balance and you’d pay it off much sooner. The risky part of this method comes into play if you can’t get the debt paid off before your interest free grace period ends. Also, you may have more debt than credit limit, in which case you’d have to do this in phases, using a different card each time. It takes some planning, but the rewards are great!

Another way to consolidate debt it to take out a personal loan or, if you are a homeowner, take out a line of credit on your home. These ways carry some risk if you aren’t sure you’ll be able to make the payments because your car, home or other valuable belongings are being held on the line and would be taken from you if you default on your loan. Additionally, if your credit score isn’t good, you’ll pay a higher interest rate.

A third option is to choose credit counseling services which offer guidance by trained professionals. They’ll walk you through the process and help you with getting lower pay offs or interest rates from collectors, manage all of the payments. You simply need to work with them to give them all of your credit card debt information and then send them a monthly payment. They will do the rest of the work for you. To get on with the process of consolidating your cards, head over to consolidatecreditcardebt.net now and start saving hundreds, if not thousands, of dollars in interest. Don’t put it off until tomorrow or next week, do it now so that you can be living a debt free life even sooner than you ever dreamed possible!

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November 23, 2011

How to Save Money on Electricity Now

The electric bill is the highest bill homeowners and renters have to pay. It is the next highest bill to the rent, which is not a variable bill. The best way to save money all around is to find ways to manipulate the variable bills. Variable bills include electric, cable, food, cell phone, and fuel costs. You can change these expenses by making minor adjustments. The following are smart tips that focus on cutting your electric expense. These tips will aid in knocking your electric bill down so you can use the extra funds for something else:

1. Take Time to Compare

When you first move to a new home, you should conduct a search for all utility companies in the area. Then, compare the costs. Each company may charge a different amount of cents per kWh. The charges may vary, but the cents can add up very quickly. Even if you are already receiving service from one company, it will benefit you to check out other utility companies. You can calculate the average amount of energy you are using each month by reviewing your electric bills. Next, plug that number in to figure how much money you would save if you moved to a different provider. If the savings are large enough, say goodbye to your current provider.

2. Insulate

Whether it is wintertime or summer time, proper insulation plays a huge part in your monthly bill. If your windows and doors are poorly insulated, your heat and coolant can escape. This causes the equipment to use more electricity to keep your home at a certain temperature. Have a technician come out and investigate your insulation. Caulk the cracks and repair broken windows. Make the necessary adjustments and you will save money.

3. Use Fans Instead of Air Conditioners

Fans use far less energy than air conditioners. They are quite effective in the summer time. One of the best tricks to getting most out of a fan is sticking it in the window and facing it toward you. That way when the wind blows, the fan will suck in the cool air and blow it your way.

4. Single Room Heaters

Using small single room heaters is another excellent way to save on electricity. They are very inexpensive and can make a room quite toasty within minutes. Once the room heats up, close the door and keep it that way. Single room heaters often have settings to turn off once the room reaches a certain temperature. That is a great money-saving feature.

5. Turn off Sleeping Appliances

When you are not watching television or using the computer, turn these items off. You may only be saving a small amount of money but remember, change adds up.

6. Maintain Your Equipment

Make sure to perform proper maintenance on things like air conditioners and heating systems. Change the filters frequently and clean the units on a regular basis. Anything that causes a device to clog will force it to work harder and use more electricity.

7. Energy Saving Light Bulbs

If you are attempting to conserve energy, you should use energy saving light bulbs. Fluorescent light bulbs and lower wattage bulbs will help to conserve the amount of energy being used.

Remember, every move you make will save you more cents for electricity. Start with these tips and think of additional creative ways to cut electricity costs. You can monitor your progress by checking your electricity bill for the next two to three months. If the new strategy appears to be working for you, continue with it.

Kelsie Larson likes to write about saving money, personal finance & credit score ratings.

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