Comments on: Should You Save Money If You Have Debts? http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html Business, Investments and Personal Finance Wed, 23 May 2012 01:42:52 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Fitz http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-88116 Fitz Thu, 10 May 2012 20:51:45 +0000 http://fitzvillafuerte.com/?p=1280#comment-88116 Hi larry. Investing in the stock market and trading forex can give you around 10% income every month - but this will require you to study equities and foreign exchange first. Another way, and a simpler strategy, is to invest the money in a business or a freelance project. For example, a friend of mine uses part of her savings to buy cookie and brownie ingredients which she sells in her office at 30% net profit - she saves the 10%, she adds the 10% to her debt payments and the last 10%, she spends on anything (as reward to herself). That time and money investment allowed her to pay her debts faster and at the same time, save money and enjoy her hobby. Hi larry. Investing in the stock market and trading forex can give you around 10% income every month – but this will require you to study equities and foreign exchange first.

Another way, and a simpler strategy, is to invest the money in a business or a freelance project.

For example, a friend of mine uses part of her savings to buy cookie and brownie ingredients which she sells in her office at 30% net profit – she saves the 10%, she adds the 10% to her debt payments and the last 10%, she spends on anything (as reward to herself).

That time and money investment allowed her to pay her debts faster and at the same time, save money and enjoy her hobby.

]]> By: larry http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-88046 larry Thu, 10 May 2012 10:47:34 +0000 http://fitzvillafuerte.com/?p=1280#comment-88046 "Of course this is assuming that your invested money grows by 10% monthly, which is actually not very hard to do." Hi Sir Fitz, can you give examples on how to do this? I know this seems like a noobish question, but I am new to investing and I have spare cash that I don't immediately need. “Of course this is assuming that your invested money grows by 10% monthly, which is actually not very hard to do.”

Hi Sir Fitz, can you give examples on how to do this? I know this seems like a noobish question, but I am new to investing and I have spare cash that I don’t immediately need.

]]> By: What Should You Do With Your Christmas Bonus? http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-62655 What Should You Do With Your Christmas Bonus? Mon, 05 Dec 2011 20:41:35 +0000 http://fitzvillafuerte.com/?p=1280#comment-62655 [...] If you want to understand why, read this: Should You Save Money If You Have Debts? [...] [...] If you want to understand why, read this: Should You Save Money If You Have Debts? [...]

]]> By: MrsF http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-25537 MrsF Wed, 29 Dec 2010 03:21:26 +0000 http://fitzvillafuerte.com/?p=1280#comment-25537 just landed on the right blog... I'm quickly hooked Sir Fitz, I even included this in my Google Reader! :) I'm newly married and we intentionally requested for monetary gifts for our wedding. We were so happy to have received much more than what we expected. Immediately, we used up 50% of our wedding "income" to pay for credit card debts and thank God, we were able to settle 2 cards already. We made sure to pay those with the bigger debt balances. It was a big question to settle the other one or just pay it in terms while funding our joint savings account. Your article confirmed we just made the right decision to save while paying for our remaining debt. My husband took over finances as he is admittedly wiser with money. But he says I should learn it eventually and handle our budget myself. I'm pretty sure I'll get there with your helpful tips :) just landed on the right blog… I’m quickly hooked Sir Fitz, I even included this in my Google Reader! :)

I’m newly married and we intentionally requested for monetary gifts for our wedding. We were so happy to have received much more than what we expected. Immediately, we used up 50% of our wedding “income” to pay for credit card debts and thank God, we were able to settle 2 cards already. We made sure to pay those with the bigger debt balances. It was a big question to settle the other one or just pay it in terms while funding our joint savings account. Your article confirmed we just made the right decision to save while paying for our remaining debt.

My husband took over finances as he is admittedly wiser with money. But he says I should learn it eventually and handle our budget myself. I’m pretty sure I’ll get there with your helpful tips :)

]]> By: Hannah http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-18867 Hannah Tue, 14 Dec 2010 02:29:53 +0000 http://fitzvillafuerte.com/?p=1280#comment-18867 really hooked up on your blog lol. I definitely agree with still saving money. That has been my argument with myself. It feels good also to see that you still have some savings. really hooked up on your blog lol. I definitely agree with still saving money. That has been my argument with myself. It feels good also to see that you still have some savings.

]]> By: Reader Mail #14: Help Me Get Out of Credit Card Debt http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-4107 Reader Mail #14: Help Me Get Out of Credit Card Debt Mon, 19 Apr 2010 23:15:38 +0000 http://fitzvillafuerte.com/?p=1280#comment-4107 [...] Read here why: Should I Save Money If I Have Debts? [...] [...] Read here why: Should I Save Money If I Have Debts? [...]

]]> By: lizzie http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-4106 lizzie Tue, 23 Mar 2010 17:44:06 +0000 http://fitzvillafuerte.com/?p=1280#comment-4106 I always have that question in mind and im so happy after all i found a very dependable answers to all of that. Happy saving ang investing guyz.... I always have that question in mind and im so happy after all i found a very dependable answers to all of that. Happy saving ang investing guyz….

]]> By: sugar n spice http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-4105 sugar n spice Sun, 31 May 2009 15:42:49 +0000 http://fitzvillafuerte.com/?p=1280#comment-4105 mine is only a personal opinion. we should all have savings , regardless if we are in debt or free from it. money should also be within our reach for unpredictable circumstances in the future. :) mine is only a personal opinion. we should all have savings , regardless if we are in debt or free from it. money should also be within our reach for unpredictable circumstances in the future. :)

]]> By: Meg from FruWiki http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-4104 Meg from FruWiki Wed, 25 Mar 2009 21:52:06 +0000 http://fitzvillafuerte.com/?p=1280#comment-4104 Cathy, how is a loan not a debt? I've never heard such a thing. And how would going abroad help? Regardless, maybe it's time to slow down a little on the house (assuming you're making extra payments, right?). While it's nice to be mortgage free, I detect some serious tension. Don't be afraid to live a little, so long as it is still well within your means. Cathy, how is a loan not a debt? I’ve never heard such a thing. And how would going abroad help?

Regardless, maybe it’s time to slow down a little on the house (assuming you’re making extra payments, right?). While it’s nice to be mortgage free, I detect some serious tension. Don’t be afraid to live a little, so long as it is still well within your means.

]]> By: cathy http://fitzvillafuerte.com/should-you-save-money-if-you-have-debts.html#comment-4103 cathy Wed, 25 Mar 2009 16:24:05 +0000 http://fitzvillafuerte.com/?p=1280#comment-4103 It's hard to save when you are paying a housing loan. It seems that no matter how much my husband and I earn, we always end up break even. This scenario has him wanting to go abroad so we can pay off the house in a few years. But I always tell him that it's what loans are for - so you can have a little breathing space! For me, he shouldn't be pressured to be loan-free. It's a loan, and not a debt... Although we do have a debt to his parents on a pay-when-able scheme :) It’s hard to save when you are paying a housing loan. It seems that no matter how much my husband and I earn, we always end up break even. This scenario has him wanting to go abroad so we can pay off the house in a few years. But I always tell him that it’s what loans are for – so you can have a little breathing space! For me, he shouldn’t be pressured to be loan-free. It’s a loan, and not a debt… Although we do have a debt to his parents on a pay-when-able scheme :)

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