November's winner of the "I CAN'T AFFORD IT AWARD"

If you haven't heard, I have been out of time this month. It's usually the month I get to my irritation with cheaters of the motab Christmas concert or my spill on turkey bags. Back in March or April this year I wrote a little bit on my wife being pregnant. If you do your calculation right you'll realize she is due any day now with that and my job running full speed I don't have alot of time with bloging. I have been using alot of time with my new financial project and that is coming along really well. New developments are pretty much daily so alot of my time is spent on that. Since I'm pretty much the only one who cares let's get to November's I can't afford it winner.

So I was,browsing the classifieds again not looking for a person selling their car when I came across this add.

I thought that was interesting. Alot of money to be asking for car repairs. I mean you can buy a decent car for that price. So it peaked my interest. What kind of car repair needs 3 grand??

For some reason in the car buying world you have certain people who buy certain cars BECAUSE it fits their personality (whatever) take a person who buys a smart car.

They may be concerned about the environment or be a tree hugging left wing nut job who believes they're going to stop global warming.

what about a big huge jacked up deisel

That would be your right winged gun loving nutcase who would put his elk antlers on his grill if that was legal. (Just an assumption don't get offended! P.s. I would love that truck)
When it comes to this guy...

And his fiat, well that brings a new breed of personality to the car buying world. To me a person owning a fiat flat yells out I'm different with almost a demand of respect. It says I've read and seen all the Harry Potter movies but could care less about star wars. It's a guy with nerdy glasses but not nerdly educated. A hair bunned big glasses librarian lady who becomes a man's sexy dream when the glasses come off and the hair comes down. The biggest thing is they are clueless when it comes to asking for help when their problem was totally unavoidable. Does this guy not have a clue of what he is asking for?

Ok ski passes? I thought he needed financial help?? Obviously only working 40 hours a week is exhausting and that 300 dollar car payment doesn't pay itself. And they need ski passes? Again this is another example of a clueless person not knowing what to do when a financial hiccup comes along which is really easy to fix. He still has a job so it's not like he's not making money.

Here is my suggestion. Get rid of the fiat asap. The automaker has only been reintroduced into the US markets since 2009. OF COURSE they're going to have problems. They don't have enough time to prove they're anything but a lemon. Your down 3 grand right? Try to
Sell yours for the max dollar you can. If you sell it and have less than 3 grand left on your loan your AHEAD. 2nd buy a car outright. For 3 grand you can buy a decent car with "heat" to keep you warm through the winter. Yes I know you don't have the money. I haven't written about  this yet on my "classes" but I have discovered a creative way to loan yourself. There's two options 1 find out all the available credit on your credit cards. As long as your not already forking out too much on high interest credit cards use those as a loan. How?? Well first of all absolutely no cash advances. They are not worth it instead because you are working put all of your expenses on those credit cards but make sure you take the amount you would of used out of your bank account in cash or transfer it to a savings account. Continue to do that over several weeks until you have an amount that you can use to buy a car outright. The 2nd option is to apply for a
Zero introductory interest cash back credit card. With this you'll have up to 12 months to pay off the balance. Again use my system of loaning yourself the money through using the card solely day to day purchases keeping track of every purchase and backing it up with cash or savings that you will use as your loan to fix this problem. IF all else fails there's always the option to surrender the vehicle. Yeah your credits destroyed but then for the next 7 years you can really learn how to become an independent person who can live without loans and have his stuff paid for. What's wrong with that??
Anyways I have rambled on way to long and since I don't know how to do a great close of this post I'll just end it with this.

There you have it your winner of the November I can't afford it award.
Next month we will have two winners December's and 2015 grand winner.

 which really doesn't mean anything.

Class 2 (using credit cards to get out of credit card debt)

I'm really struggling on how to teach this. I have a few ideas but unfortunately trying to write them down is difficult for me. If you have accidentally found my page because you researched something about credit cards whether it was grace periods questions about  interest or how to get out of debt quicker I'm going to tell you right now you might want to continue reading. I have found so many good uses for credit cards and new ideas are flowing in every day. Yes good uses. I have been to the bottom where there is no hope. Every tax return I get goes straight to credit cards because every year I go deeper in debt. Using this system which I accidentally found due to my wife accidentally canceling my debit card while ordering her a new one has created 3 credit cards with no interest. 2000 dollars a month will not have interest and I will save 40 dollars a month. 600 dollars of credit card debt has been paid off in only 2 months. There is no change in the way I live my life but I have more motivation to change my financial life. Are you ready to take a financial journey with me and start using everything you got to take your financial life back from your credit cards? Let's get started.

In a nutshell the way this works will be described by the next story.

Jake buys furniture on his credit card for 1200 dollars. After making a minimum payment for a year he pays 130 dollars principle and over 200 dollars interest. So after paying 330 dollars his loan is now 1070. After looking at his expenses he realizes has around 2000 dollars he spends every month. 1200 of that can be put on a credit card. It's the first of the month and he has till the 30th to make his next payment. Imediately he pays his credit card 300 dollars and his balance goes down to 770 dollars he then allows himself to use 300 dollars back on his credit card. He pays his phone bill groceries goes to the movies eats out and puts gas in his car. By his next paycheck  (weekly paycheck scenario) on the 8th his credit card is 1065 dollars he pays it 270 dollars adds that to the amount left over which is 5 (1070-1065=5) and he allows himself 280 dollars to put on his credit card. He pays some more bills buys groceries gets sick buys medicine and changes his oil. On the 15th he gets paid again. His cc balance is 1069 dollars. He pays his credit card 250 dollars then again pays his bills again. (Use your own imagination on what he buys)  The next week the 23rd he makes his last payment of the month of 250 dollars he allows himself to use 220 dollars because his normal credit card payment of 30 dollars is coming up so he deducts that from his allowed amount. At the end of the billing cycle Jake has paid to his credit card 1070 dollars he has used his credit card for all of his expenses spent 1040 dollars. His interest is zero. How? He paid his credit card balance in full by the due date. Even though it was in 4 payments. He also earns a 1 % cash back rewards of 10 dollars which he uses for account credit. So instead of paying 30 dollars and having 20 dollars eaten up in interest where his balance would be 1060 dollars he pays the exact same 30 dollars in a different way pays no interest and gets 10 dollars account credit making his new balance 1030 dollars. This works. Don't use your debit card for expenses your credit card can pay for.
Let's continue.
You need to know some things before you get started.
1 You need to know your credit cards due date. Most likely this is a duh answer but take a person who has it set up on auto payments they may not know. This is important to know.

2 You need to know your billing cycle beginning date and your ending date. Sometimes this can be hard to find. It's on the statement. Starts with a few days after your due date and ends usually one day before. For example a beginning date of sept. 20 usually ends on oct. 19th. This is important because after you complete a credit card cycle you don't want to start it over until the beginning of the cycle or else it will not be as effective.

(Billing cycle example)

3 find all expenses that can be put on a credit card. Write on a piece of paper what expenses can an cannot be put on credit cards. Go through your last statements and find how much you've spent and what of those expenses could of been put on a credit card.

4. Write EVERYTHING DOWN!! This by far is my most important rule.  You need to write everything down. Everything needs to be tracked so you know exactly where you are. At first I used a pen paper and envelope. That became annoying so I'm so glad xcel has finally produced a free smart phone version.

Unlimited access to your card will help. Smart phone laptop even a phone can have some access to your account.

In the next segment I will talk more on opening and closing statement dates as well as interest and cash back. I've decided to keep these short on certain points because I'm finding it hard to focus on it as an entire subject for just a few blogs. There's many parts to it and if I don't go in depth on every part I may not get to important keys of how to make this successful. More to come.