Tags |
|
|
Links |
|
|
Other Added - Paying of Your Debt With the Pyramid
Only a limited number of careers and the people that finished these will do exactly what is in line with the expectation of the career. For example: You study medicine, follow a specialization and you finish as a surgeon. You work as a surgeon most of your life. Even if you would switch your practice to another country, your job -- being a surgeon -- will be much the same.The same holds true for the accountant, the architect, the programmer, the coach (sports) or the engineer. But the surgeon could also become the director of a hospital. Afte
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about
E-procurement helps companies cut costs and increase productivity by implementing automation in purchase process. This automation reduces overheads and wastages that usually occur in traditional purchases. In spite of the slowing global economy, more and more companies are awakening to the benefits of automation. Numerous software companies cater to the procurement needs by providing quality e-procurement services. A good software managing online purchasing handles all aspects of the purchase process, ranging from the requisition to the arrival of goo
Assess the Situation
While you may have gone blindly down the path to excessive debt, you don’t want to attempt to get out of debt in the same manner. Developing a plan of attack will prove more productive and successful than simply saying you want to pay off your debt. It’s important to be extremely self disciplined and determined in your quest for a debt free existence.
Start by gathering your most recent statements from each of your creditors. Make a list of each account on a piece of paper, starting with your lowest balance and ending with the account you owe the most on (like a pyramid, you start with the smallest and build to the largest).
Your list should include the creditor’s name, the total amount owed, and the minimum monthly payment. On another sheet of paper, make a list of monthly living expenses that must be paid- rent or mortgage, insurance, gasoline for your car or commuting expenses, utilities, etc.
Make another list of all your monthly income, so that you know how much money you have to work with and make your payments.
Develop Your Plan of Attack
Once you have your list of creditors, your “pyramid” basically tells you how you will begin making payments. First, add up all of the minimum payment amounts of your accounts, except for the first one on the list. Add it to the total amount of monthly expenses you pay to get a total of minimum expenses going out each month. Once you have this number, subtract it from your total monthly income to see how much money you have left each month. This is the amount you’ll send to the first creditor on your pyramid list monthly until that account is paid off.
When the first account has been paid off, you’ll then apply the money you had been paying to that creditor to the next account on your list- and include the minimum amount you’ve already been sending to that account, also. Each time you pay off an account on your list, the next one will be paid off much faster.
Example list of creditors:
| Account | Balance | Monthly Minimum Payment |
| Credit card 1: | $475 | $21 |
| Credit card 2: | $895 | $56 |
| Credit card 3: | $1970 | $75 |
| Personal loan | $3000 | $150 |
| Car Loan | $13,500 | $375 |
Example of total monthly living expenses: $1200 Example of total monthly income: $2100
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about $
Between 75% and 98.8% of visitors to Web sites come from searches made at search engines. If you're going to get high levels of traffic - and hence the levels of ROI you're looking for - it's very important that the search engines can access all the information on your Web site.Do the search engines know about all of your pages?You can find out which pages on your site the search engines know about by using a special search. If you search for 'site:' and your Web site address, the search engine will tell you all of the pages on your Web
Start by gathering your most recent statements from each of your creditors. Make a list of each account on a piece of paper, starting with your lowest balance and ending with the account you owe the most on (like a pyramid, you start with the smallest and build to the largest).
Your list should include the creditor’s name, the total amount owed, and the minimum monthly payment. On another sheet of paper, make a list of monthly living expenses that must be paid- rent or mortgage, insurance, gasoline for your car or commuting expenses, utilities, etc.
Make another list of all your monthly income, so that you know how much money you have to work with and make your payments.
Develop Your Plan of Attack
Once you have your list of creditors, your “pyramid” basically tells you how you will begin making payments. First, add up all of the minimum payment amounts of your accounts, except for the first one on the list. Add it to the total amount of monthly expenses you pay to get a total of minimum expenses going out each month. Once you have this number, subtract it from your total monthly income to see how much money you have left each month. This is the amount you’ll send to the first creditor on your pyramid list monthly until that account is paid off.
When the first account has been paid off, you’ll then apply the money you had been paying to that creditor to the next account on your list- and include the minimum amount you’ve already been sending to that account, also. Each time you pay off an account on your list, the next one will be paid off much faster.
Example list of creditors:
| Account | Balance | Monthly Minimum Payment |
| Credit card 1: | $475 | $21 |
| Credit card 2: | $895 | $56 |
| Credit card 3: | $1970 | $75 |
| Personal loan | $3000 | $150 |
| Car Loan | $13,500 | $375 |
Example of total monthly living expenses: $1200 Example of total monthly income: $2100
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about
There are many people that need a credit card in a hurry. This can be for many reasons. They may need a credit card right away for an unexpected emergency. Some people need one for a vacation. Others just need some extra cash to pay bills. Whatever your reasons may be, you may need the credit card right now. But how do you get a credit card in a hurry? You need to get instant Credit card approval! Do you want to know how to get instant credit card approval? If you answered yes, please read on to find out how.The easiest way to get in
Develop Your Plan of Attack
Once you have your list of creditors, your “pyramid” basically tells you how you will begin making payments. First, add up all of the minimum payment amounts of your accounts, except for the first one on the list. Add it to the total amount of monthly expenses you pay to get a total of minimum expenses going out each month. Once you have this number, subtract it from your total monthly income to see how much money you have left each month. This is the amount you’ll send to the first creditor on your pyramid list monthly until that account is paid off.
When the first account has been paid off, you’ll then apply the money you had been paying to that creditor to the next account on your list- and include the minimum amount you’ve already been sending to that account, also. Each time you pay off an account on your list, the next one will be paid off much faster.
Example list of creditors:
| Account | Balance | Monthly Minimum Payment |
| Credit card 1: | $475 | $21 |
| Credit card 2: | $895 | $56 |
| Credit card 3: | $1970 | $75 |
| Personal loan | $3000 | $150 |
| Car Loan | $13,500 | $375 |
Example of total monthly living expenses: $1200 Example of total monthly income: $2100
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about
When you first start out on your business venture, money is usually tight but you still need to advertise. One of the most affordable, yet very effective, ways to begin your advertising campaign is with flyers. Flyers are simply full page ads that are distributed directly to your potential customers. There are several ways in which they can be distributed.You can either make the flyers yourself or have them made professionally, which might not be in the budget. ;-) There are several points to remember when designing your flyer, just as
Example list of creditors:
| Account | Balance | Monthly Minimum Payment |
| Credit card 1: | $475 | $21 |
| Credit card 2: | $895 | $56 |
| Credit card 3: | $1970 | $75 |
| Personal loan | $3000 | $150 |
| Car Loan | $13,500 | $375 |
Example of total monthly living expenses: $1200 Example of total monthly income: $2100
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about
No, that's not the real question. The real question is "How in the Heck Do You Make a Website???"You do not have to buy software. You do not have to invest $300 in a special online program, either. You can do this for free.My websites were created for free and I did them myself. I knew almost nothing about making a website. I did not use any store-bought programs whatsoever. (Actually, I did buy “Front Page.” I never got around to figuring it out. My daughter zipped out a website on “Front Page” in minutes. But kids these days c
In this example, the total amount of minimum monthly payments (excluding the first account on the list) is $656. When combined with the monthly living expenses, $1856 of the $2100 monthly income is spoken for, leaving $244.
The first month, you would send credit card 1 the full $244 and send each of your other accounts only the monthly minimum payments. Month two you would call credit card 1 for a pay off balance, and send the $231 remaining, (plus whatever finance charges remain) to completely pay off the account. During month 3, you suddenly have an additional $244 to send with your $56 payment to credit card 2, making your payments to credit card 2 about $300 each month- so it would only take 2 or 3 months to pay that one off!
Once your second account is paid off, you take the $300 you have freed up from card 1 and 2 being paid off, add it to the payment for credit card 3, and send $375 to card 3 until that account has also been paid off.
You continue paying more and more on each of your accounts until each have been paid off- and this pyramid method of paying off your debt is probably the fastest self debt reduction method for getting your accounts paid off.
Important Considerations
In order for this self debt reduction method to work, you must have self discipline and stop charging on your credit cards while you are working to pay them off. You don’t want to add additional monthly debt while you’re striving to pay off the existing debt. And, once you’ve got your debt under control- don’t run out and charge purchases all over again!
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.otheradded.com/article/99630/otheradded-Paying-of-Your-Debt-With-the-Pyramid.html">Paying of Your Debt With the Pyramid</a>
BB link (for phorums):
[url=http://www.otheradded.com/article/99630/otheradded-Paying-of-Your-Debt-With-the-Pyramid.html]Paying of Your Debt With the Pyramid[/url]
Related Articles:
Building Powerful Business Relationships That Sky Rocket Your Success
How to Design Your Website for Optimal Productivity
Bookmark it:
|