Comments on: 5 Simple Ways to Transform Your Finances in 2024 https://mumsmoney.com/5-simple-ways-transform-finances/ Make it, Save it, Spend it Wisely Tue, 30 Apr 2024 04:11:52 +0000 hourly 1 https://wordpress.org/?v=5.8.3 By: Emma https://mumsmoney.com/5-simple-ways-transform-finances/#comment-372 Tue, 02 Jan 2018 00:51:05 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-372 In reply to Mary.

For sure, Mary. The technique’s not for everyone, but it certainly helped me get out of debt (and stay there!) and I was able to secure many mortgages to buy investment property after becoming debt free so it didn’t hurt me at all. I’ve gone more in-depth on how I cleared credit card debt here.

]]> By: Mary https://mumsmoney.com/5-simple-ways-transform-finances/#comment-371 Sat, 30 Dec 2017 22:44:57 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-371 You need to be careful with number 3 if you’re going to need credit for a motgage or car purchase. Every time you reduce your credit limit, you are increasing your debt to credit ratio which seriously hurts your credit score. Since you’ve already made steps not to use the credit, not reducing the limit as you pay it down will actually boost your credit score. Keep in mind credit scores can impact insurance rates and employment,

]]> By: Emma Healey https://mumsmoney.com/5-simple-ways-transform-finances/#comment-370 Wed, 22 Feb 2017 16:41:33 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-370 In reply to throwingyourmoneyaway.

Thanks.

]]> By: throwingyourmoneyaway https://mumsmoney.com/5-simple-ways-transform-finances/#comment-369 Wed, 22 Feb 2017 05:00:09 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-369 Great Post. Taking care of debt is the key to transforming the budget.

]]> By: Kate Campion https://mumsmoney.com/5-simple-ways-transform-finances/#comment-368 Sat, 21 Jan 2017 07:51:42 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-368 Agree, that’s such a good idea about the $1000 first, I’ve recently sorted a balance transfer to a 0%, and I had on my to-do to go get a pin loaded- read this and thought no, that’s the whole point, pay it off and don’t make it accessible.(Not sure I can cut it up just yet!).
Thanks!

]]> By: Kristal https://mumsmoney.com/5-simple-ways-transform-finances/#comment-367 Fri, 06 Jan 2017 22:54:13 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-367 Great advice. I you have these in the exact order I would follow as well. I think so many make the mistake of putting the emergency fund at the bottom of the list, when it should be near the top if you want to stay out of debt. When I don’t have an emergency fund and something happened, I was left resorting to the credit card. Having an emergency fund has been the easiest way to stay out of debt.

]]> By: sarah https://mumsmoney.com/5-simple-ways-transform-finances/#comment-366 Fri, 06 Jan 2017 20:01:45 +0000 http://www.moneycanbuymehappiness.com/?p=6225#comment-366 Great ideas, love the idea for a big goal.

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