Credit education is important in a horrible economy

September 27, 2009 Categories: Finances | Comments Off  

In the past year, the realities of our current economic crisis have hit home for many people, including us. In some ways, we are lucky – Kevin still has a job, we still have a home. We did lose our second income, however, and as a result, are living without a safety net. I know we’re not the only ones.

When the economy is as shaky as it is now, it is more important than ever to be informed and have a well-rounded credit education. Sites like make it easy to look at your credit reports and scores, to get advice about credit debt, and to find resources for help when things become too tough to handle.

The new credit card laws will soon go into effect, and this will help in some ways. For some people, though, it may be too late, as many credit card companies are currently scrambling to find any loophole they can to raise interest rates before the law prevents them from doing so.

The best way to keep a handle on your credit situation is to be informed – about your credit score, about your options, and about the programs that are available for help if, and when, you need it.

(This is a sponsored blog post.)

Budgeting for your vacation

July 6, 2009 Categories: Finances | 5 Comments  

I am so very glad we took our grand adventure of a family vacation to the Oregon Coast last year, since this year, we can barely afford to take the kids camping! The economy is still a mess, and for our family, doesn’t look like it’s going to be getting better very quickly.

Being in debt doesn’t mean you have to completely give up any plans for a family vacation, either – it just means you have to use some smart vacation budgeting skills, and maybe tone down your ideas of what a dream vacation should be. Use National Parks and free online trip planning sites to help find the best deals. Stay in a hotel or rental house that includes a kitchen – cooking meals is a lot cheaper than eating out three times a day. The important thing is to spend time with your family relaxing and reconnecting; that’s what a true family vacation is all about.

Besides scaling down vacation plans, another way that families can help deal with these stressful economic times is through debt consolidation. Many credit counseling agencies offer ways to lower your monthly payments and your interest rates – and they will help you create a plan to get completely out of debt.

(This is a sponsored blog post.)