Showing posts with label gurus. Show all posts
Showing posts with label gurus. Show all posts

Tuesday, September 15, 2009

"Start At The Beginning" Lessons In Debt, Credit And Home Ownership


You have become ever so aware of your need to either add to your income or delete some of your expenses. You have become also aware of all the money manager gurus on talk shows and evening news with the helpful hints, but you still don’t know how to get started making changes in your own personal money management.

When you don’t know, then it is time to start at the beginning with education. Seek professional help from a trained and skilled counselor who can provide the education, resources and options you need. It is the smart thing to do. In today’s economic crises, the changes are continuous and harder for the average person to stay knowledgeable. It takes someone who is in the credit, debt and home ownership industry who stays plugged into the industry to be truly beneficial to you.

You could learn in personal money management classes the basics in budget development covering your perceived values make a difference, the process in structuring a personal spending plan and educating you on how you can make better choices between wants and needs.

Your education in personal money management classes should include how to track your spending, recognizing the kinds of expenses, the logic behind the different kinds of savings, and a process of how to get out of debt and raising your score at the same time.

Your skills learned through personal money management classes should empower you to recognize the different kinds of credit, the true cost involved, the methods used to calculate the charges, and the importance of ratios and how to use them as tools to keep you on track.

Your consumer rights should be covered in personal money management classes so you can exercise them to lessen stress, and deal more efficiently and effectively with your creditors.

Your life is made of up different episodes and with each one, you actually do start at the beginning, a place where you grow learning the differences. Spectrum Resources understands your need to learn and has been counseling and teaching individuals for seven years who are facing the same challenges.


Call Spectrum Resources (863) 9 6 7 – 0 6 6 0 to register for our next class,
Or email:SpectrumResources@tampabay.rr.com
for more lessons visit our other blogs:
http://womantowomanmagazine.ning.com/ & http://moneysavingtips.polkvoice.com/
http://spectrumresources.wordpress.com/ come back here often, refer others to our blogs.
If you enjoy our blogs please send your tax exempt donation to: SRDC 2014 Brentwood Dr. Auburndale, Fl. 33823 to help us continue to help others through financial literacy.

Tuesday, July 21, 2009

"Skipping Is Not Child's Play Anymore"


'Skipping Is Not Child's Play Anymore' is a warning that banks and merchants are not inviting you to a game that you will win. You may receive offers often to let you 'skip' a payment for the holiday, or when school starts, or due to weather storms or other reasons. You are tricked into thinking they are doing you a favor - WRONG !


You may be enticed by offers to make large new purchases because you don't have to make a payment for twelve months or more. Skipping payments is a marketing lure. Buyer beware !
What creditors do is double dip on those sales. Once you sign a contract, the creditor sells the contract and collects money. Then in twelve months when your payments start, he collects money again - from you. That my friend, is what you call a super good sale ...for the merchant !


The payments aren't really skipped - full interest continue to run. So, in reality, the payment is just put off with interest added until the end of the loan. Even worse, lenders often impose a fee on those who use the skipped-payment option. The result is that the consumer pays extra interest plus a fee for doing so. Don't assume that any 'skip-a-payment' offer is a good deal without reading the fine print. Remember, "The large print giveth, and the small print taketh away !"

If you have made a large purchase and the payments don't start for 12 months, divide the amount due WITHOUT INTEREST by eleven. Make eleven monthly payments with NO INTEREST and by the twelth month your purchase is paid in full. Your purchase is paid for BEFORE interest charges start. That technique is much like lay-a-way, except you have the use of your purchased merchandise while making the payments. Interest is most of your debt and if you use this method you can purchase INTEREST FREE saving large amounts of money !

It's all about you using your money in the most efficient and profitable way, instead of allowing merchants to use it to their raise their profits. Keep in mind marketing gurus do not work overtime coming up with creative new strategies for the merchant to lose money. Like in contracts, 'He who makes the offer, offers the best deal for himself'.

Spectrum Resources' mission is to teach you how to live INSIDE your income. Specializing in debt, credit and home ownership issues. Contact us by phone: (863) 967-0660 or email:


To help us help other with financial literacy, please make tax exempt contributions to:

SRDC 2014 Brentwood Dr. Auburndale FL 33823 or use the online check processor: