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Specialists point out the secret to financial tranquility

Spending less and saving more are worthy goals. Paying off debts, however, is the key to success in achieving financial peace of mind.

Collectively, Americans owe more than a trillion dollars on credit cards alone.

tranquilidad financiera (Foto: Pixabay)
financial peace of mind (Photo: Pixabay)

After the holidays, individual balances went up another notch. Americans, on average, racked up about 1TP4Q1,325 in holiday debt last month, according to MagnifyMoney's annual post-holiday debt survey.

Plus, more than three-quarters of those surveyed said they won't pay off their balances in full by the end of January, which means they'll add hefty interest charges to those bills, too.

From month to month, credit cards are one of the most expensive ways to borrow money. Card rates are now at 17.4%, on average, just slightly below the record of 17.85% in July. Still, many Americans continue to borrow ever larger amounts. About 35% of cardholders are starting 2020 with more credit card debt than they did at the start of 2019, according to the latest CompareCards survey.

And credit cards are – by far – the most popular type of debt, followed by car loans, mortgages, student loans and medical debt.

"Debt is a major obstacle to reaching financial goals, from everything to buying a home and retirement," said Carrie Schwab-Pomerantz, chair of the board of directors and president of the Charles Schwab Foundation.

“It affects people of all ages and backgrounds, at different stages of life. Borrowing is easy enough, the hard part is paying it back."

The secret to multiply your savings and obtain financial peace of mind
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US households with revolving credit card debt owe about $7,000, costing them roughly $1,100 a year in interest payments, according to NerdWallet's 2019 Household Debt Study.

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If you made only the minimum payments on a balance of $7,000, it would take you 21 years to pay it off, and you'd spend more than $8,900 in interest during that time, NerdWallet found, assuming an interest rate of just over 16%.

At the same time, nearly one in three Americans said paying off debt was their top financial goal for the new year, according to a separate Policygenius survey.

To tackle that kind of balance much more effectively, here are some tactics to pay off debt once and for all and finally have financial peace of mind. 

 

How to pay off your debts and start the year off on the right foot

In this article we will teach you some of the specialist advice for a financial life more specifically how to pay your debts And so, start the anus with the right foot.

How to pay your debts
Make a repayment plan.
Start by figuring out what you owe, then decide whether to use the “debt avalanche” or “debt snowball” method to scrap those revolving loans.

cómo pagar sus deudas (Foto: Pixabay)
how to pay off your debts (Photo: Pixabay)

The avalanche method lists your debts from highest to lowest based on interest rate. This way, you pay off the debts that accrue the most interest first.

Alternatively, the snowball method prioritizes the smallest debts first, regardless of interest rate. The idea is that you gain momentum as the debts are paid off and that will motivate you to keep going.

"Having a plan for how to pay off debt can keep you focused on what it will take to achieve 'financial freedom,'" Schwab-Pomerantz said.

This budget strategy helped a Michigan couple pay off their mortgage early
Get a balance transfer.
Experts often recommend switching that balance from a high-interest rate credit card to one with a low-interest or no-interest balance transfer offer to reduce the amount of interest you're paying.

"Now is a good time to focus on paying down debt because many credit card companies are offering zero APR on balance transfers," said Paul Miller, CPA and Managing Partner at Miller & Company LLP. in Whitestone, New York.

Most of the offers allow you to pay 0% of interest for a year or more. However, if you do not pay the balance in full, a new annual percentage rate will be applied to the remaining amount.

Plus, most cards also have a one-time balance transfer fee, which is usually around 3% on the account – something to watch out for.

Ask your broadcaster for a break.
At any time, cardholders saddled with high-interest debt can also contact their issuer directly to request a break in interest rates, these are great ways to understand how to pay off your debts 

Read More: Personal loans without credit bureau or proof of income

"Consumers have a lot more power than they realize," said Sara Rathner, a credit card expert at NerdWallet.

In a recent one-year period, more than three-quarters of cardholders who requested a lower rate got it, with most getting a reduction of 5 to 6 percentage points, according to research by CompareCards.com.

Put your cards on ice.
Put your credit cards in a drawer, or hide them if necessary. Then switch to a debit card and commit to spending only the money you have on hand, at least temporarily and finally understand how to pay off your debts

Prepare your jokes for Christmas with this list

Christmas holidays are coming and with that the big family reunions. If you are one of those who loves to animate audiences during this period, we have put together a list of jokes for christmas. Get ready and entertain all your guests in simple ways.

3 jokes for Christmas

1. Christmas spinsters!

– What is a spinster?

– A woman who has spent many Christmases but no Christmas Eve.

2. Reasonable similarities

– How is the border of the United States with Canada similar to spending New Year's Eve in the Plaza Mayor of Valladolid in a swimsuit? In that on the border between Canada and the US are the NIAGARA FALLS. And in the Plaza Mayor of Valladolid, on New Year's Eve in a bathing suit, YOU WILL NOT DENY ME THAT YOU WILL ACCEPT.

3. Who is Santa Claus?

– Santa does not work personally, but manages lots of minions.
– You never get to see Santa, only his employees.
– Santa does not reach 40 hours a week of work not even close.
– Hehe travel a lot.
– Santa has work until he wants to retire.
– Obviously, Santa is a politician.

Prepare sus chistes para Navidad con esta lista
Prepare your jokes for Christmas with this list (Photo: Internet)

Other funny Christmas jokes 

Inhabitants of Bethlehem

What are the people of Bethlehem called?
– Figurines

Nino a los Reyes Magos: jokes for Christmas

A child writes a letter to the Three Wise Men, and asks them for 30 euros to buy some shoes in winter because he is cold in them. The letter is accidentally opened and the postmen read it.

When reading what the child asked for, all the postmen make a collection and send the child 10 Euros. After a few days, the postmen receive another letter for the wise men. This time the letter says:

"Dear wise men! Thank you very much for the money. But next time, don't send it by post, because some postman has kept the 20 euros that I lack ».

A wedding at Christmas

A couple in their home prepares to organize the Christmas meal. The woman tells the husband that he must leave, so he has to sacrifice the turkey. The man is stunned without being able to know what he has to do.

And he goes to the library, in the kitchen area, finds a poultry farming manual and goes looking for the turkey, locates it and reads: "First of all, get the turkey drunk." He goes to the bar and picks up a carafe of whiskey and takes a bite of the turkey, and thinks: "it's Easter and I'm going to drink too", in this way, he spends the afternoon between one drink and another.

Arriving home, the wife finds her husband in a drunken state and says: "What was it?? Did you kill the turkey??» and he replies «You touch -hip- a feather -hip- to my compadre and I'll hit you».

 

Brazilian jiu jitsu growing in the world but with many challenges

While MMA has become a spectator sport producing huge pay-per-view events and big stars, BJJ has remained humble. At the first UFC in 1993, the brazilian jiu jitsu was introduced to the world. Royce Gracie, a modestly built 27-year-old who weighed in at 175 pounds, dominated the tournament, using a simple but devastating wrestling system to subdue a cadre of unwilling fighters. In the intervening years, Gracie became a household name among MMA enthusiasts. His dominance of the sport – in 2003, he was inducted into the UFC Hall of Fame – catalyzed the rise of the brazilian jiu jitsu as the fastest growing martial art in the world, helping the Gracie family enter legendary status in places far from their home in Rio de Janeiro. But after years of growing popularity around the world, that's finally starting to change.

The recent emergence of serious prizefighting has taken center stage in BJJ, giving blue-collar athletes the opportunity to choke each other for big checks. Franchises like Polaris, Metamoris, The Eddie Bravo Invitational, Copa Podio and others seek to instill the sport with a greater air of professionalism. Some organizers are cooking up grand schemes to put BJJ on a level playing field with mainstream sports garnering airtime on ESPN, but the road to success has been paved with setbacks and sometimes questionable business acumen.

For Eddie Bravo, a legendary if divisive figure in the BJJ world, the sport has never lent itself to entertainment. "The reason why there has been no money in brazilian jiu jitsu It's because it's been boring," he says. For his part, Bravo has a point: Watching two competitors compete for chokes and blocks in a traditional match can often feel like a laborious, sweat-drenched hugging contest that won't force fans to buy tickets en masse or tune in to through pay per view.

In an attempt to make the sport more enjoyable for viewers outside of the BJJ community, Bravo and several other organizers emphasize presentation-only tournaments. Under that premise, competitors can only win a match if they physically force an opponent to submit or "take advantage". This urges a particularly relentless pace and ruthless style of showdown, the kind of spectacle that could inspire commercial hype and potential corporate endorsements.

The most illustrious tournaments in BJJ, such as the World Championship, which is organized by the International Federation of brazilian jiu jitsu they rely on a points system, which occasionally causes competitors to slow down and hold certain positions after consolidating a strong lead.

When it comes to points, Bravo says: "The points system has killed the game." brazilian jiu jitsu", says. “People fall in love with jiu jitsu because they go to a dojo and have an amazing experience, a humiliating experience, and there are never any points or anything…and all of a sudden you go to a tournament and there are points, and the points change the whole dynamic of the sport. «.

Injecting money into the mix also promotes entertainment value and can create a sort of narrative for fans to latch on to. Bravo's EBI tournament, which has produced seven shows so far, urges athletes to seek submissions and secure their finality, otherwise they don't get paid. While there is an overtime period in EBI matches, according to Bravo, "it's the winner to take it all and the winner only gets paid if they win the match in the rules." At the latest EBI event, first place finisher Gordon Ryan was awarded $ 25,000 out of a possible $ 50,000.

Like most MMA fighters, athletes from brazilian jiu jitsuthey make a living through various means, whether it's running a gym, teaching seminars, or cashing sponsorship checks. Garry Tonon, an elite wrestler with an increasing amount of cachet attached to his name, welcomes the prospect of more prize fighting tournaments in brazilian jiu jitsu professional. In fact, the cash infusion could mean something momentous for him and his fellow athletes.

 

Credit card without credit history with free limit

Getting off the list of defaulters is often an unavoidable situation due to multiple aspects of adult existence. So it is, just like if I had never been on the bad payer list and all that through a credit card with no credit history.

Which will allow you to enjoy many of the benefits that a card offers: accumulation of points, advantages in miles, offers, large purchases and reservations. The fact of appearing on the list is due to a conflict related to the family, a health problem or even poor planning.

Tarjeta de crédito sin historial crediticio con limite libre
Credit card without credit history with free limit (Photo: Internet)

Ways to get a credit card

These alternatives are applicable from online banking. Or the department stores that offer the enjoyment of a credit card with no credit history. What may seem like an extra expense, with control it can become your salvation.

Having this type of credit card for a bad payer like this will mean that after a period of time making payments punctually in a few months your name will come out of the credit history.

Guidelines for choosing the most appropriate card

Check your local department stores and choose the most suitable one. It must be remembered that this free credit card can be used regularly and not only in the store.

Be careful not to make a new debt and in a short time you will be able to obtain larger bank benefits such as financing, loans, among others. Don't forget to look up information on several types to decide which one is best for you.

Check with your friends and get one that is highly recommended. Learn about interest rates and fees.

Credit card with no credit history: getting away from the red tape

Requesting practically anything for a traditional banking institution is usually a bit red tape. You may be intimidated for some reason or you may have a setback.

Do you know credit cards for consumers with bad credit history? Well, nowadays, the market offers good options. It adjusts to any age, financial condition or need. Santander, Liverpool, Banco Azteca, Davivienda and Coppel.

Do not expect paperwork from people or companies that want to establish bureaucratic methods to make your life difficult. Use all the online resources we have and receive your credit card with no credit history

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