There are millions of people in this world that are in debt.  There are also plenty of people that are broke.  These two are very common now a days and they also have a lot in common when it comes to how people get there.  If you find yourself falling behind, not having as much money saved as you’d like or if you’ve found yourself in a great amount of debt here are some reasons why you may be where you are.

5 Reasons Why You May be Broke:

1. It is common for people to spend more than they make.  That is the only way someone can get into debt.  Also, that is a common reason people find themselves broke.  People spend money they don’t have and spend next weeks paycheck before it even comes.
2. People like to have nice/luxury items.  Whether your home was out of your budget or you just got a new car that is more expensive than it should be, you will find yourself paying for it later.
3. A lot of people say they will start saving money and spending less next week, month or even next year.  They can’t break their bad spending habits now or when it matters.
4. Yes, there is that chance that someone may have a low paying job.  When you have this problem it is harder to pay for things and save, so therefore it is important to find better work or more work.
5. There are several ways you can save money but when someone doesn’t buy things on sale, use coupons, buy other discounted brands and only wants the best and the “status” it is hard to not be broke!

If you’re broke or close to it you’re not alone.  It’s never too late to get your life on track and to start saving money and spending less.  Larry Winget, a famous author wrote a great book that you may be interested in.  His book is called “You’re Broke Because You Want to Be“.  For a complete review or more information on his book check out the review!

If you’ve come to the conclusion that you need to do something about your financial issues, you’ve taken a great step into getting help and advice from the experts.  First admitting that you’ve screwed up in the past whether it be you’ve been spending more than you’ve made or that you haven’t saved as much as you would have liked to is the first step to take. 

A lot of people are broke and according to Larry Winget it’s because you want to be.  He’s written an excellent book that i’ve read personally and found to be a great read.  You will learn everything from how to budget, why you’re broke and how to get on the right path.  For a complete book review continue reading below!

“You’re Broke Because You Want to be” Book Review:

To start off, this book has a 4.5 star rating out of 5 stars, which was rated by over 100 readers.  With such a great rating you know it’s something to consider reading.  The people that have read it have found the following:

• The author gives it to you like it is.  He has a way of communicating without giving sympathy and has you realize your mistakes.
• Larry gives very generous advice.
• He tells you everything you need to know to get back on the right path.
• He helps explain how you’ve gotten in the situation you currently find yourself in.
• Larry helps you budget and realize how much you really need to spend on things instead of what you want to spend.
• He is also known to be a great motivator when it comes to having the lifestyle and the amount of money you want.

If you’ve read this book be sure to tell us how you liked it by leaving a comment below!  This book is highly recommended by myself and others.  Get your life on track and consider this book by Larry Winget.

A lot of us would like to have a higher credit card limit.  Whether we want to make larger purchases and pay them off when we get paid, or just want the freedom of being able to spend more it can be nice to have.  Although, it can also hurt us at the same time.  People tend to want higher credit card limits because they have already maxed out their card and are looking for more ways to spend.  If this is your case, make sure you’re making the right choice and try to get your debt down to a minimum before you raise it even more!

Ways to Increase Your Credit Card Limit:

Responsible:  First of all, you want to show the credit card companies that you’re responsible.  If you can prove this, they don’t have any reason to not raise your credit card limit.  Although, if you’re not, they have every reason to not lend you more money.

On time:  Always make sure you pay on time.  This is crucial if you want to have a good score and if you ever want the chance of raising your credit card limit.

Within your limits:  Always stay within your limits.  If you start trying to spend more than your credit limit offers you will be penalized and most likely be charged a fee.  Not to mention, you will not get a limit raise.

In full:  Also, you want to try and pay each balance you have in full.  They may not be able to make much money off you since there is no interest rate being charged, but this shows that you’re good with your money and aren’t spending more than you have.

Wisely:  Try to show the credit card companies that you use your card wisely.  If you’re constantly calling asking for a new card or to cancel it because you lost it or you never pay on time, go over your limits, pay the minimum balance or miss a lot of payments you’re not showing your discipline.  You want the extra increase and the favor so you need to do that extra work to get rewarded.

There are a few ways you can get a credit card limit increase and these are some of the best ways to do so.  These will get you there, keep your credit clean and keep you from being an irresponsible credit card holder.

There are a lot of nice things that we want to buy new.  Whether we like that no one has ever used it, that it came in a nice sealed box or that it is nice and clean like a new car.  Although we like to buy new, that’s not always the smartest thing to do sometimes.  When we buy things new, sometimes we end up paying a lot more than we should and it loses it’s value extremely fast.  So, what should you buy used instead of new?

5 Things You Should Never Buy New:

Car:  Once you drive that vehicle off the lost it’s instantly just lost thousands of dollars in value.  Everyone wants new so when there are miles on it it’s no longer “new”.  I would always consider buying used, just last years model, or buying your lease.  Avoid buying new unless you have 100% cash right up front.

House:  Houses should never be bought new or custom built.  This will be much more expensive than a house that was lived in once before.  If you’re looking for a newer, more modern home look for houses recently built that are for sale.  This is a great time to buy while the economy is still lower.

Exercise Equipment:  Exercise equipment can be very expensive if you haven’t looked into it already.  If you were to buy something like a new treadmill or a Bow Flex you’ll easily spend close to $1,000 dollars.  Although, if you look online at websites like Craigslist you can find these for sale used and much cheaper.

DVDs/CDs:  DVDs and CDs lose their value very fast as well.  We can spend $20 on them, listen/watch them a few times and now they are worth more like $5.  So why buy new?  Always buy used when it comes to these two.

Video Games:  Video games are another thing you should buy used.  Forget buying the new Madden the day it comes out and wait like 3 weeks until someone used it and is already looking to sell it.  Video games are roughly $60 new why not pay for a used price and still get the same video game?

There are a lot of things you never want to buy new.  This is because you will pay a large amount just because it’s new and then a few weeks later or even days it’s now worth half the price.  If you’re looking to buy any of these items make sure you buy them used!

Do you need to get some money fast but the only problem is that you don’t have any and you have bad credit to top it off?  If so, you’re not alone.  Whether you need to pay back a friend of family member, get a loan for a car, mortgage or just to pay some bills it is possible to do if you have bad credit and we mean bad credit.  What process do you need to take?  Continue reading below to find out!

How to Get Loan With Very Bad Credit:

1. The first thing you want to do is go to a place that has “Payday Loans”.
2. Once you get there let them know what you need and how much.  You usually can’t get more than $500, so that may be what you have to settle for.
3. Let them know the amount you want and to begin to fill out the paper work.
4. They usually won’t do a credit check or even ask what you need the money for.  Although, they will fill you in on the fact that you’re going to have an outrageous interest rate on your loan.  Sometimes they can be up to 30%!
5. Be sure to ask any questions you may have about the loan.  Make sure you understand everything, know how much you’re getting, the interest rate and be sure to read all the fine print so that you don’t have an confusion later on.
6. Now fill out all the paper work and be sure to bring your drivers license and have your social security number on hand just in case they ask.

Getting a Payday Loan is usually pretty easy.  These are available to almost everyone and only take a short amount of time to get the money.  So, if you need to pay back someone, pay some bills or you just need some spending money, make sure it’s worth the interest rate you’re about to get!