10 Steps to Pay Off Debt with a Zero Balance Transfer Credit Card

By MoneyBlueBook

A balance transfer credit card can be a useful resource for a credit card debt elimination plan. It allows you to consolidate debt into a single account and may lower your overall interest rate, helping to reduce your monthly payments and pay off your debt more quickly.

Of course, opening a balance transfer credit card on its own won't make your debt evaporate overnight and shouldn't be an excuse to spend more--but if you understand what the balance transfer credit card is for and stay disciplined in your debt payments, it can be a very useful tool.

Ten Steps to Debt Reduction Using Zero Balance Transfer Credit Cards

By MoneyBlueBook

The first month of the new year was a good month for me financially. Now you must be wondering to yourself - how can that possibly be - especially considering that my calculated net worth dropped in excess of $15,000 for the month of January. Well, because I only show a singular snapshot of my financial picture in each of my monthly net worth updates - they generally don't reveal sufficient cash flow numbers to offer one a complete picture of my true financial health from all appropriate angles. Thus, the balance sheet numbers reflected on these reports can at times be somewhat misleading, as in this particular case. At first blush, my January numbers would seem to suggest that this particular month was a disappointing one. But truth be told, in terms of earnings stability and projected future income potential, January 2010 was yet another reliably steady month for me.

For January 2010, the combined income accumulated from this personal finance blog, the revenue generated by my other online affiliate ventures, and the part time income I earned from my small legal practice as an attorney - all saw slight increases. However, much of the income stats were gobbled up by the hefty estimated tax payments I had to make to the federal and state government during the month. Because I operate my small business and solo legal practice using a cash basis form of accounting, I don't spread the estimated quarterly tax payments evenly throughout the year, but rather record them on

By MoneyBlueBook

Well, it looks like January 2010 has finally arrived. Goodbye 2009, and hello 2010!

According to most public sentiment surveys I've seen thus far, the overwhelming consensus is that 2009 was a particularly terrible year. The economy tanked, retirement savings were largely wiped out, and home equity values were pretty much eviscerated. However, where there's misery, there always seems to be a smidgen lining of hope. Despite most people's vastly negative opinion of 2009, the great majority of surveys indicate a very optimistic outlook for 2010. Maybe it's because this time around, we are no longer staring at the barrel of an imminent financial sector meltdown and hearing the ghastly doomsday warnings of a possible decade-long economic depression, but things certainly feel less dire than the same time 12 months ago.

Most certainly, while we are still languishing under the worst economic recession in decades with depressive unemployment rates continuing to climb, the pace at which the economy continues to worsen has drastically decreased. In other words, while the economy is still deteriorating, it's worsening at a significantly slower pace than before. This is very good news for the aspiring optimists and opportunists in all of us. Most significantly, there also does appear to be tangible economic metrics emerging to back up the growing optimistic fervor for 2010. While I personally think we are still many months away from a real and sustainable recovery, I think we are decidedly heading in the right direction as punctuated by the fact that I've been jumping back into the stock

By MoneyBlueBook

Special Promo Offer: For New OptionsHouse Accounts

Whether you're a buy and hold investor or a savvy trader of penny stocks, I'm pretty sure commissions and fees are a few of those brokerage conditions that you pay particular attention to. If you aren't too concerned with them, then perhaps you ought to be. After all, high fees and hidden trading costs have a nasty way of surreptitiously consuming huge chunks of your potential stock gains and profits. Nowadays, there really is no reason why any investor ought to pay full price for his or her stock investing needs. There are a broad range of heavily discounted brokerage firms to choose from, each offering its own unique online trading experience and each touting its own unique mix of low fees and hassle free conditions.

If you're not completely new to the world of investing, I recommend checking out OptionsHouse, a fairly intriguing newish entrant to the discount broker foray. While the name OptionsHouse may be unfamiliar to those not intimately plugged into investment circles, the company is a fairly established company, associated and backed by PEAK6 Investments, one of the biggest options trading brokerage companies around. Despite the "options" moniker in its name, the firm is not an exclusive options trading firm as it provides a large wealth of resources for stock trading as well.���� While options trading is its primary expertise and specialty, the company still caters to the stock and fund investors out there - touting trading rates that are some of the

By MoneyBlueBook

Time for another one of my networth updates and progress reports to check up on how well or bad I've done for myself during the preceding month. Based on my current online bank and investment account numbers, things are starting to look up since the previous month when my stock portfolio took a slight tumble due to lingering market price volatility and recessionary jitters. In terms of the American economy finally emerging from this punishing recession, we are still not quite there yet as overall consumer spending remains pervasively sluggish and unemployment rates continue to rise (albeit at slower rates of worsening than before). But based on the trickle of positive signs I've been seeing coming out of the housing industry in the way of increased new home sales spurred on by governmental tax credit incentives and historically low home mortgage rates - it would seem that we are at the very least, heading towards the right direction.

However, this is not yet the time to start high fiving or fist bumping each other, or be reveling in premature optimism. Rather, this is the time to start placing your financial bets in a strong, but calculated way in anticipation of an eventual economic recovery. There are still a large number of unforeseen factors and worldwide catastrophes that could easily derail the economic momentum train off its tracks. Because we now live in a global economy where all established and developing markets are interlinked and highly inter-dependent with one another, it's crucial to recognize that there

By MoneyBlueBook

If you're a new home buyer, or an existing homeowner who has been contemplating about selling your house or condominium apartment - you might want to start taking decisive action fast. There is free government money in the way of tax credits to be had for both prospective new home buyers and current homeowners - to the tune of either $8,000 or $6,500, depending on your qualifications.

To keep this stagnating economic train running, President Barack Obama has recently signed a new bill - extending the duration and expanding the coverage of the federal housing tax credit. Previously, the economic stimulus package only provided free tax credit assistance to first time home buyers and was slated to expire in late 2009. But with economists and pundits still doubting the ability of the economy to recover without additional stimulus intervention, the federal government has now officially extended the deadline of the federal homebuyer tax credit program until April 30, 2010 for new home contracts, or until June 30, 2010 for the final closing. The home's closing can occur by June 30, 2010 and still qualify for the free tax credit, but the contract���� to buy the home must be completed by April 30, 2010 at the latest. Those looking for a further extension after early 2010 might be disappointed as current indications suggest that this extension may be the final one.

To incentivize and encourage continued homebuying activity (as much of our economy is intertwined with the housing industry - example: banks, construction related services, home equity