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Being perpetually in debt seems to be a way of life these days, as I am sure many of you are aware. Credit cards are usually the main source of debt because they are so convenient to use and difficult to keep track of, but did you know that there are ways of using credit cards to reduce your debt and save money? Take a look at the tips below for an idea of how you can do just that!

1. Compare credit cards to obtain the best deals. There is a variety of credit cards out there that offer interest free deals, including balance transfers. If you compare credit cards then you could find a deal of anywhere up to 15 months interest free on balance transfers and save on the interest whilst giving yourself a chance to clear the debt in that space of time.

2. If you have to make a big purchase and do not have the money for it then you could also tap into interest free purchase credit card deals. These deals are often similar to the balance transfer ones in that you get a certain period of time to pay the credit card’s balance off before interest is applied, thus saving you money and reducing your debt. Again, compare credit cards to find the best deals.

3. Finally, there is a whole host of reward credit cards out there that offer cash back offers and various reward points. This can save you money and earn you a little bit back on your purchases, but some of the reward deals are incredibly poor so, again, you have to compare credit cards to find the better ones.

I’m sure that you can see the common theme here – compare credit cards! It is a must if you want to access the best ones. So many of the credit card comparison websites are complicated to use. To solve this problem take a look at About Your Money. The credit cards section is simple to use, complete with a comparison table and a guide to plenty of information. Choose the best ones for your situation, whether you want to save money or reduce your debt.

User submitted ideas

Try to obtain a credit card with lower interest rates than your current credit card and you can then use this credit card to pay off the balances on your other credit cards. By doing this, you are avoiding heavy fees charged by the companies and you are transferring your debts to the credit card with lower interest rates and so, you save money. But some credit cards charge a higher fee for transferred balances and so, you need to make sure that you choose the right card. Also, make sure that you can transfer your balance again to another card in order to save some more money. Use this tip with caution.

Send us ideas on paragraphes how to “Save Money with a Credit Card”.

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Is the US Federal Reserve owned by private bank ? This video claims it’s a commercial entity designed to turn the public into indebted serfs. You might also enjoy our article on “6 Ways to destroy our need for Bank loans.”

Another reason to engage in People to People lending and borrowing

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Just a quick post to say we will be publishing a guest post by Alex T. Roshuk very soon.

In the meantime, I’m removing all commercial links within our comments. From now on, we will delete or edit comments that are of a commercial nature. We will only allow comment links to established blogs and non-profit organizations.

Guest blogging is the best way to get your business or company on Financial Dominance. With a guest blog you can write about your line of work, and be presented as an expert. We won’t be a playground for search engine spammers.

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These are probably the only two Personal Finance articles you need to read this year and in 2008.

The Simple Dollar Everything You Ever Really Needed to Know About Personal Finance on the Back of Five Business Cards

The Digerati Life 8 Lessons I Learned From The Cheapest Family In The Nation

We will be hosting a number of Guest Bloggers very soon. Stay tuned. Contact me if you would llike to write for us.

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Two weeks ago, I wrote an article about Financial Documents You Should Save. This list is a little different. Some legal documents are more important than others. Some you don’t need, and some you need. Some legal documents everyone should possess at all times.

Will
A will is a legal, signed document that states your wishes regarding disbursement of your property after your death. Making a will when you are healthy and in sound mind, can save your family a lot of time, energy and money when you are dead. If you die intestate, which means without a will, a large chunk of the money from your estate will likely go towards higher legal fees as well as additional taxes. If you’re wondering where is the safest place to keep your will, you could keep a copy of the document in your bank locker. Make sure you appoint an executor to the will and keep your will in a place where this individual or entity will find it easily. The executor of your will could be either an attorney or a family member or even a trust company. In the event of your death, the court will appoint an executor if you have not named one.

Letter of Instruction
It would also be a good idea to leave a letter of instruction, which is a letter informing your family about your last wishes including the funeral or burial arrangements you’d like to have and who you’d like them to notify upon your death. This letter cannot and will not be used as a substitute for a will. It is an informal letter. You could also include details about where your will and other important documents are located, the money that you owe to various people or the money that is owed to you by various people.

Trusts
Contrary to popular notion, trusts can be used by everybody and are not only for the super rich. In fact you should talk to your financial planner or lawyer about creating a trust. Whatever assets you place in your trust will automatically be given to the beneficiaries; there are no probate costs involved. A revocable living trust states who will have control over your assets while you are living as well as when you are dead.

Durable Power of Attorney for Health Care
This legal document ensures that in case you were to become incapacitated, your affairs will be looked after as per your wishes. If you have not named one, the court will appoint someone they deem most appropriate. It is also called a living trust and the person nominated will be responsible for taking care of your health care as well as your financial arrangements.

Legal documentation for website owners
Websites, Terms of service, Privacy Policies and disclaimers

Legal resources and downloads ( 4 affiliate links )
Court Records - a Legal Records Site

Personal/Business Forms & Contracts On All Subjects

Secrets Of Winning The Estate Tax Game. Estate Planning System
Legally keeps wealth in your family, instead of losing it to the IRS.

The Authoritative Guide To Vaccine Legal Exemptions.
For students, parents, immigrants, employees, healthcare professionals, agencies and attorneys.

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Some people have a hard time controlling their financial fears. There are various simple situations that often get out of hand because of unfounded fear. Let’s take a brief look at them and see how we can handle them.

Fear of Not Knowing What You Want
Problem: You have a good job; you make a lot of money. Yet, you’re not satisfied with your life. You feel like something is missing.
Solution: Step back. Take a look at your life and what you’ve done so far and what you would like to do. Make a list of things that you’ve always wanted to do. Pick the most significant ones and work out steps to accomplish them. Use the money you make whenever needed.

Fear of Society and keeping up with the Jones
Problem: You make a good sum of money each month but your judgment and belief goes against spending too much of it. Yet, assuming that society won’t accept you the way you are, you proceed to spend large amounts on things you don’t even want or need.
Solution: Take a look at the bigger picture. Many years from now, how you lived is not going to count but how much you were able to save or invest will be vital to your well being. Make small but powerful decisions on how your lifestyle should change.

Fear That You May Go Broke
Problem: You’re scared stiff of falling ill or getting into an accident that will cause you to stop working and lose all your savings. You can’t have enough money right now.
Solution: Letting a probable situation affect your daily functioning is unhealthy. Every day living poses a little risk in some way, but it should not interfere in your life. Make sure you’re well-insured against potential situations and invest in a savings plan so that you can live a comfortable retired life.

Fear of Breaking Bad News about Money to Your Partner
Problem: You’ve been in debt for too long and it seems to be getting worse. You can’t let your partner know for fear of what they might say to you or what actions they might take.
Solution: Remember, your partner is just that, someone to stand with you and by you through every circumstance. It may come as a shock to them when you reveal the truth, but it is far better for them to know now, than later, when your financial standings get you into more trouble – like being denied a loan, mortgage, etc. Sit down together and make a long-term plan. Decide how to save and spend from now on, make detailed strategies and stick to them. It will help both of you in the long run.

Fear of Wealth
Problem: You’re entitled to a raise but you don’t know how to ask for it. Secretly, you think you don’t deserve it and that is what the bigger problem here is, probably.
Solution: Taking care of yourself is something you should be determined to do. Never be afraid to ask for something you know that you have earned. Make sure you are responsible for yourself and your future by accepting raises or inheritances passed down to you.

Fear of Taking Control
Problem: You know you have to start investing your money and save for the future. However, it all seems so intimidating that you’d rather not think about it now, although you know you’re wrong.
Solution: Start small. Read a few good books about investing and talk to a recommended financial consultant. Make a small investment and learn from it. Slowly explore and understand until you’re able to take bigger steps. Make sure you’ve got a savings plan too.
Overcoming these fears may not be the easiest task, but taking small, deliberate steps can get you through quicker than you realize!

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Financial Dominance has as new owner. My name is Marcel Pamphile. Our objective remains the same. We are dedicated to helping others take control of their financial situation.

We will provide helpful discussion and advice on any topic that threatens to suck the life blood out of your finances.

So what else is new ? Goodbye to the M-Network. If you own a blog dedicated to personal finances please do contact us. We might be able to add you to the blogroll.

Guest blogging is welcome.

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