Welcome to MyCashTime’s financial tips section. We want you to make sound financial decisions by thinking ahead and creating a plan that works! See below for tips on how to create your financial strategy:

BUDGETING
Financial stability is not created by just making money, more importantly it relies on your spending habits.

To start - CREATE A BUDGET! This is the most important piece of the puzzle. Your budget will tell you how much you have coming in each month after taxes.

So now you have established what you make each month. This is what you must live on - now work to manage your expenditures so that you come in right at that level - or better yet - below it!

Avoid the temptation to spend, or buy too much on credit cards. Put your money in a savings account and save it for a rainy day.

DEBT ELIMINATION
You are not alone. Many people have debt and work their way out of it a little bit more each day. You can do the same. The first steps are to think long and hard about your budget and your plan. MyCashTime can be there for you as a short term option - but for the long term, the sound strategy is to get your debt eliminated. Try using a Debt Elimination Calendar: CLICK HERE.

Enter in the debts you have in the fields provided. This tool will give you a snapshot at your debt, and make it easier to manage. Also, once they are down on paper, or in your computer, you will be able to have some peace of mind knowing that you are keeping track of the debts items instead of letting them spiral out of control. Click here to download an Excel Spreadsheet that contains a debt elimination calendar worksheet. CLICK HERE.

Today there are many companies that work with consumers to create a debt elimination plan. Companies like Consumer Credit Counseling Services ("CCCS"), and Debt Consolidation.com can often help you decrease your interest rates on credit cards, stop late fees, and reduce penalties.

Visit them on the web at www.cccs.net or www.debtconsolidation.com.

Thank you for choosing MyCashTime.com - and good luck!