Saturday, September 21, 2013

Living Without Credit Cards

Living without credit cards is one of the key factors in paying off debt fast.

It is important to stop using your cards, if you have accumulated certain amount of  card debt.  Continue using these cards, most likely, your debt will grow each month and prevent you from building wealth.
Living Without Credit Cards

So, how do you live without credit cards? Here's how:

1.) Track your spending habits as well as your expenses to see where you spend your money. Change the habits that are leading you to constantly use your cards.

2.) Create a budget. Set up a realistic spending limit on all of your expenses. The key to see it working is to identify where your money goes.

3.) Follow thru your budget plan. Use cash for most of your expenses to track spending. Following your budget plan is the best way to prevent you from running out of money every month. Although tracking these activities can be tiresome and time consuming, it's crucial to help you gain control of your money again.

4.) Stop carrying credit cards with you. Simply not having these cards will help you stop buying any unnecessary items.

5.) Know your priorities. Remember you need food, shelter and utility services every day. These come before your new dresses, shoes, or fancy cars. Stick to your priority list, so you only spend on what you need and will be able to pay off debt faster.

6.) Put aside some money for an emergency fund, just so you don't have to use your credit cards during an emergency.

7.) Set up a goal to get out of debt. Getting out of debt is a huge step; however, make time to create a debt management plan and take action on it.

Living without credit cards may not be convenient at first, but once you get into the habit of using cash, you'll not only spending less, but also paying off debt sooner.

Monday, August 5, 2013

Developing A Life Plan To Live Without Money

Times are tough and it got me to thinking, how would I survive without money? Do I have a life plan to survive when all sources of income are no longer available? These are some tough questions to ask one self. Just how prepared are we when tragedy strikes? 


The best defense is preparing a good offense for if indeed we find ourselves without an income. You can
Developing A Life Plan To Live Without Money
start implementing the ideas that will help you conserve your resources and begin saving today. You do not have to wait until your family's income is gone before you begin.


Think simple. What do you need to survive, food right? Gardening or growing your own food is how people did it before super markets came along. The ability to harvest your own crop full of free vegetables is a tremendous savings. It may not be free at first, there is that initial investment but once you get past that, you will have a blissful bounty season after season.

You can learn all about gardening through books at your free local public library. Technical advances in gardening have allowed people to grow more even if space is limited by using the square foot gardening method. You can also grow vegetables in large containers, and buckets.

There are many benefits to gardening. It is not only fun but is also a form of physical activity.
You get a certain joy when you are eating food that you have grown your self. Get your children involved by letting them help to plant seeds and pull weeds. This is an excellent way to teach them about responsibility and contributing to the family. Planting a garden now will help you to survive later should your family income disappear. Gardening will help you build both skills and memories for a lifetime.

People from days of old knew how to get by with very little because they understood the concept of preserving. You simply save and use what you have. People applied this concept to food by canning and freezing the excess, mainly the leftover from their harvest. Canning is not just limited to vegetables. You can also can soups, stews, and even meats. This will serve you well for when there is little money to buy food. Once again, you can use your local library to research more on canning. There are even free resources such as  that will give you free canning supplies.

Depending on where you live, homesteading can really help in becoming self-sufficient. Having a chicken and a rooster will provide you with eggs that you can eat or sell. Livestock is not always feasible if you live in the city but the benefits of raising your own chickens to gather your own eggs are much greater when you do not have an income.

What did people do to get what they wanted before currency came along? They traded things, also known as bartering. You simply exchange a good or a service you wanted for something else you want. A good example of this would be fixing your neighbor's car in exchange for food from his garden.

There is a website called "One Red Paper Clip.com" where this one person traded a red paper clip all the way up to getting a house. You can check out the amazing story yourself. It just goes to show what you can do when you look for ways to be creative. A word of caution though, just be smart when bartering and do keep a record of your transaction. Just because you are not using money does not mean you are exempt from your taxes. Uncle Sam will still want to know how you acquire your stuff.

It is a very scary thought to many to have to think about surviving with little or no money. However, when push comes to shove we do need to find a way to survive. I hope that none of us have to experience such hardship but the truth be known there are many who have no choice. If we do not develop a life plan to live without money now, we may find ourselves as another victim instead of being a victor in life's situations.