How to Find Fulfillment - The Secret to Happiness | Karen McGregor | TED...

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Why Journal?

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Why do I, and other debt coaches like me, advise you to keep a spending journal? What is the benefit of that? It isn’t only for you to see where your money is going but also so you will start to think before you spend. If you know that there is a record of every cent you spend, somewhere it is going to be listed that you spent money you didn’t have on something foolish, you may stop yourself. Even if you are the only one who sees it, you may stop. Or course, you   could just not record it but that would be lying and you don’t want to lie to yourself. Another advantage of keeping a spending journal is when you also record how you are feeling when you want to spend money (or do) you may be able to find your triggers. Did you just get into a fight with your significant other and now want to go out and spend a lot of money? If you have sat down and wrote in your spending journal about this experience – the fight, the feelings it brought up and the desire to buy...
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Debt Consolidation - What is It?

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Debt consolidation. We've heard a lot about it but what exactly is it? Simply put, it is a loan that will allow you to pay off ALL of your other smaller loans. Because you are going through a bank for the loan AND because you are combining all the debt into one payment, you will usually pay less interest. Which means you will be able to pay the debt off faster and save money. There are a few benefits to obtaining a debt consolidation loan. You will get a lower interest rate. One payment instead of multiple ones may be easier to maintain. Your creditors will be paid off immediately by the bank. If your credit rating hasn't been too damaged, you will be able to save it. You will get out of debt faster. You will pay less interest. The advantage of a debt consolidation loan is that it can make your life a lot easier. And as long as you adhere to the procedures stated, your credit rating should not be negatively affected. If you have a valuable asset like...
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Interested in Interest?

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I help people with unsecured debt get lower interest rates, pay their debt off faster and save money. Do you know what the most important phrase in that sentence is? Lower Interest Rates. In my opinion, that is the key to getting control of your unsecured debt. Anyone who has ever had a credit card or line of credit knows the frustration of making payments then when the bill comes due again, seeing very little of the balance reduced. It is so aggravating! People feel like they will never get out of debt. But you can. To prove my point on how you can save money by reducing interest, I want to tell you a story. At one time, I had three Mastercards - BMO, Canadian Tire and President's Choice. The Canadian Tire card had an interest rate of 19.99% and the President's Choice, 19.97%.  I took the amount that was owing on the Canadian Tire card from my line of credit at 10.5% interest and paid off the Canadian Tire card.  When I phoned to cancel that card, the supe...
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