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Hindsight is 20… Okay, we know that saying so let’s skip the crap. Today is the last day of the year decade. Is there anything you wish you did this decade that you didn’t? If you could turn back time, how will your goals be different?

I read somewhere before that most of us overestimate our short term goals but severely underestimate what we can achieve long term (long term being five years or more).

Today marks the end of another decade. If you could restart year 2000, is there anything significant that you could have done to make your life a little better in 2010?

Sometimes when I talk about long term money matters like retirement and long term investing, I bet many of you are finding the concepts quite hard to grasp. 10, 2

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2010 is almost here and while getting mortgage in upcoming year will be easier than in 2009, getting a good mortgage could be more difficult than you expect. One thing to get out of the way is the persistent rumor that with economy improving, interest rates will rise. If you are firmly set on getting mortgage in 2010, this should be the least of your concerns, as long as your income is secure. Economy is not improving and the government will do everything in its power to keep rates low for two reasons. First, to continue subsidizing housing market which is not recovering, contrary of what you are being told. Second, to keep U.S. dollar weak to spur demand from overseas for U.S exports. Actually, with the American consumer lacking any significant buying power, exports and cheap dollar will be the only bright spots.

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While the festive period can cause us to be more generous than usual and encourage us to have a good time, the New Year is when reality sets in and we look at how much that bit of Christmas indulgence has cost us. We’re each likely to have spent an average of £375 over Christmas, with many using credit cards, store cards or overdrafts to fund our party spirit. But if you can’t afford to pay this off all in one go, how can you clear your debt in the best, quickest and most pain free way possible? Read on for our top tips.

Clear your most expensive debts first

If you owe money on a number of credit or store cards, clear the most expensive balances first. It you’re unsure what rate of interest you’re being charged for each then check on your last statement.

Paying more off your most expensive debts first will mean less of your monthly repayments are covering interest costs and more is going towards paying down the outstanding balance. T

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Over the holidays people often receive small cash windfalls as gifts or holiday bonuses. Extra money is always great, but it is sometimes hard to decide what to do with this money especially if you have debt to pay off. When you get extra money it is fun to go out and buy something you really want, but it is practical to put that money towards debt. So what should you really do?

I usually use the 25%-75% rule. This means using 25% of the money to buy something fun and 75% of the money toward paying off debt. By doing this you won’t feel deprived, but you won’t feel guilty either. It is best to put the 75% towards your debt with the highest interest rate. If you have credit card debt that is probably the one you will want to tackle first. You should use this rule with every cash windfall until your debt is paid off. If

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Is your debt mounting? Do you spend more than you have?  Do you turn to that credit card to pay every day expenses that you don’t have the cash for? If Read more…

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