If you default on an unsecured debt, you won't lose anything (except points on your credit score). Jean Chatzky More Quotes by Jean Chatzky More Quotes From Jean Chatzky Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt. Jean Chatzky credit guy cards Get your friends involved. Let your shopping buddies know that you're on a tight budget, and they can help you out when your willpower starts to weaken at the mall. Jean Chatzky willpower shopping helping While you're going through this process of trying to find the satisfaction in your work, pretend you feel satisfied. Tell yourself you had a good day. Walk through the corridors with a smile rather than a scowl. Your positive energy will radiate. If you act like you're having fun, you'll find you are having fun. Jean Chatzky good smile work positive Resilience isn't a single skill. It's a variety of skills and coping mechanisms. To bounce back from bumps in the road as well as failures, you should focus on emphasizing the positive. Jean Chatzky road you focus positive Find the autonomy in your work. Autonomy is key to feeling good about the work you do, no matter what kind of work it is. Jean Chatzky feeling good you work In money, and in life, you are very often your own worst enemy. You promise yourself you're going to diet, then eat not one or two French fries but a whole plate. You decide to really commit to saving for retirement, only to wind up with a new pair of shoes in your closet. Jean Chatzky yourself you money life No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts. Jean Chatzky you identity relationship history You have no control over the market. You can't predict where it will go, and you can't bring it back from the depths. What you can do is save more. Make sure you have cash on hand - an emergency fund of at least six months of expenses. Jean Chatzky control will go you You can refi your car loan just like you can refi your mortgage. It's even easier and less expensive. There's no appraisal process, and fees are minimal for a new car title. A couple of caveats: Most lenders require that the car be less than five years old and have a minimum loan balance of $7,500. Jean Chatzky you new-car car balance One of my rules is: If it's good for the planet, it's usually good for your wallet. Jean Chatzky wallet rules your good I've never been a fan of loans between relatives or friends. They can divide relationships. Jean Chatzky relatives relationships never friends Whether it's fly-fishing, taking your camper to the Everglades, or just traveling, everyone has got a little retirement dream. Jean Chatzky everyone your dream retirement People with financial plans are much more likely to feel prepared, even in tumultuous times. They're more likely to feel that their dreams and goals are secure. And, oh yes, they do actually save significantly more. Jean Chatzky goals feel dreams people Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates. Jean Chatzky job good you home If you're not clipping coupons before going to the grocery store, you're overspending. If you're ordering in or going out to dinner because you don't feel like cooking, you're overspending. If you're not tracking where your money is going, you're very likely overspending. Jean Chatzky you dinner money cooking July is high burglary season because so many people leave town. To help avoid making that obvious, suspend your newspaper subscription and have your mail held. Another clear indication is if all your lights are off for an extended period. To fix that, you can buy a timer for about $30. Jean Chatzky newspaper lights you people One way to make sure you don't lose assets in the future is to streamline your accounts. Consider using one bank for all your banking needs and one brokerage firm for all your investments. Jean Chatzky lose you future way Couples that do save have stronger, more stable, less stressful unions. In other words, you don't want to be fighting about saving; you just want to be saving, period. Jean Chatzky words you stronger fighting Most credit cards provide some sort of protection against a defective purchase, and with gold or platinum cards, you'll often get double the manufacturer's warranty. You're also not immediately out your own money if something goes wrong. Jean Chatzky you money gold cards In a relationship where finances are shared, it's important that both people know what's going on. If one spouse likes being the family accountant, it's fine for that person to take the lead, but the other spouse shouldn't be in the dark. Jean Chatzky family dark relationship people
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