Reducing the number of accounts you have is key to simplifying your personal finances as I mention in The Power of 1 can simplify your personal finances. In addition to reducing the number of account you maintain, you should also have a Are you living a Financially Proactive or Financially Reactive Life? Having a proactive mindset will enable you to handle financial emergencies in a timely and efficient manner. For example if you lost your credit card or cards do you have a plan in place to have them canceled and replaced in a timely matter as well as remember all of the charges you have automatically charged to your card. Instead of spending hours trying to remember everything regarding your credit card, why don’t you have a credit card disaster plan in place. Having this plan in place will help you simplify your personal finances.
Here is this week’s simple financial tip to help you design your credit card disaster plan: Read the rest of this entry »
We all love to use credit cards for their convenience but are you using them to help simplify your personal finances or is your credit card usage making your personal finances more difficult. For example, we sometimes forget to make that monthly payment or our balance keeps getting larger and larger and we feel overwhelmed. The only way to stop the bleeding is to stop using the credit card completely. However, if you use your credit card properly you will not have to stop using the credit instead you can use the credit card to your advantage. It can even become a valuable tool to use to simplify your personal finances.
Warning: If you do not pay off your credit cards off at the end of the month. Do not attempt this it could be hazardous to your financial health. 
