banishmoneymisery

Podcast Announcement

The Banish Money Misery podcast is stopping - I need to concentrate on my 'other' website - donnaonthebeach.com.  The archives will be available until the middle of May, when this website will also be retired.  Thank you for listening, and take care.

Pay-Back Time

Here’s the magic formula:
 
An easily manageable monthly payment + extra payments where possible + no interest + no additional purchases on credit = CREDIT CARD DEBT FREE.
 
Homework
Work out how much you could pay off your debt without missing the money. Set up a direct debit to pay that amount off your debts.  Remember to increase this amount and to pay extra off when you can.  If you are on high interest, work out how you can reduce the amount of interest you pay. Get those debts paid off.

Be Smart With Credit

For most of us, credit is now a way of life. Can’t afford it? Just get a loan, or a credit card, or a store card. Easy. But it is important to note that credit card companies are NOT like parents, who will give you money and not expect it back. In fact, they expect it back with interest…
Homework:
If you have outstanding credit card debt, take a look at this minimum repayment calculator and give yourself an incentive to pay it off more quickly!
http://www.banishmoneymisery.com

Playing With Money

Right, let’s get one thing straight right now.  Money is fun.  Or can be.  We’ve all grown up with the bizarre idea that money is a sensible, serious subject, turning many of us off it altogether.  But money is just energy…and we can play with it, make it interesting and fun.  (And by curious coincidence, as soon as we start doing that, we invite more money into our lives).
Homework:
Play games involving money - to read the list of ideas I mentioned in this podcast, click here.

Paying Yourself Part 2: Getting Your Savings Mojo Going

So what will get your savings mojo going? Back to a key concept: Fun and easy. Your savings story will depend on your unique circumstances…and I don’t know that but I can tell you my savings story. Maybe one of these stories/ideas will pique your interest.
- Getting Ahead of Myself
- Change your life savings challenge
- Financial Cushions
- Pot of Gold

Homework
Choose a savings option – what appeals to you the most? Start today.
Listen to old podcasts here: http://www.banishmoneymisery.com

Paying Yourself Part 1

Who gets your money on a regular basis? Your bank, your credit card, the electricity company, your landlord, the government, the local pub, your favourite shoe shop, your supermarket, the petrol station…the list goes on, and is endless. I have no problem with this lovely flow of money, but where are you on the list of people who get your money? You are probably spending your money…but when do you get to save some?
Homework
Work out how much you can EASILY save and set up a system to do it.

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