Budgeting Tips-Life After Bankruptcy

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 I, Walter Metzen, will provide, free of charge as part of your free initial Bankruptcy Analysis, a means test calculation to determine if you are eligible for Chapter 7 Bankruptcy.  Nearly 90% of the people who walk through my door are eligible to file a Chapter 7 Bankruptcy in Michigan and get a permanent discharge of their debt. With Chapter 13 Bankruptcy in Michigan, we can develop and affordable repayment plan to fit every budget.
 

 Contact me, Michigan bankruptcy attorney Walter Metzen to learn more about how I can help you get a Fresh Financial Start!.

Money Saving Tips. Maximize Savings on Everyday Items!
By Cheryl Johnson

Frugal living is more than a lifestyle. It's a passion. Call Me Crazy! I love It!

Why, who wouldn't love getting paid to buy products that they use everyday?

Here's how I do it.

I purchase an item that has a rebate offer (either a store or manufacturer rebate) while it is on sale and use a coupon during purchase. That's it! Using this formula I almost always come out ahead. When all is done, I've gotten back more than I actually paid for the item.

Even when I do have to pay for the items like deodorant, shampoo, soap, toothpaste, and toothbrushes it's about 50 cents for a item that would cost up to $2 -$4 originally.

Am I the only one out there that gets excited about this? I doubt it! At least I hope not. That would make me "Crazy", wouldn't it? But a lot of folks just don't know how to combine money saving measures to maximize savings.

My local drugstore (which by the way is a national chain) often advertises items free after rebate. Hey, that cuts down on a lot of work for me. Easy Money! I e an also lucky enough to have a grocery store in my area that offers rebates and offers double coupons (sometimes even doubling $1 coupons as a special promotion). Needless to say, with six mouths to feed (myself, my husband, and four kids) I'm lovin' that idea!

As the editor of www.simpledebtfreeliving.com, I'm always looking for new ways to save money. Visit us and follow one of the e-mail links to share your ideas or just let us know how excited you get about frugal living! Let me know I'm not the only one. Then we can put my family's worries to rest. They think I'm really crazy.

Here are a couple other ways that I save on items we use everyday:

1. Always use items that are reusable rather than throw away

For example: Reusable coffee filters, cups and plates, and my favorite pet peeve -

The great sandwich bag conspiracy

The major manufacturers of sandwich bags would lead us to believe that it takes rocket science to keep a sandwich fresh. Ask yourself this, How long do you need to keep that sandwich fresh anyway? It's not like it's going to the moon. It's just going to the office or school for a few hours.

The most practical way to approach this is to purchase reusable sandwich size containers. This is also very environmentally friendly reducing a great deal of waste. If however, these have trouble finding there way back home ( which is likely if you have children), you can save substantially if you purchase the plain old pleated sandwich bag that cost a mere fraction of the razzle dazzle zipper kind. Your mother used these for years and years with great success. I have used both methods for years and have never received a complaint of a stale sandwich!

You'll find that doing these little things like, using real cups and plates instead of paper or plastic throw away, and recycling containers for storage or even to use in craft projects, can save a lot of money. Each by itself may seem minor, but when put together amount to tremendous savings over time.

2. Don't buy it if you won't use it. Things like small kitchen appliances, repair tools, and gardening tools are good examples. We know they'll make our life easier if we just had the opportunity to use them.

There are 101+ small countertop kitchen appliances available to chop it, grind it, mix it, open it, bake it, grill it..well you get the message.

Simplify your life and narrow it down to a couple you just can't live without. For me it's my blender and my food processor. Although, I'm seriously considering a bread maker. Not quite sure if it's worth the money yet. Especially when I'm so close to a bread outlet. But, you can't beat the taste of fresh baked bread. I'm not counting the coffer maker it's kind of standard equipment these days. I wouldn?t dare ask you to give that up! What am I crazy? Well , maybe..

It's little things like the example above that identify frugal living.

3. Always get the best value for your money. Shop around. If this is a major purchase you will want to know what to look for. Research and compare products on the internet or in sale flyers. There's nothing more challenging to the retailer than an informed consumer. That's what you want to be. An informed consumer knows when it's a good value! Informed Consumer - More Savings

Cheryl Johnson mother of four helping myself and others become and stay debt free. Publisher of Simple Debt Free Living at http://www.simpledebtfreeliving.com - a self-help plan, ideas, and resources for personal budgeting, debt management, frugal living, and extra income opportunities. Money saving tips help balance your budget and maximize everyday savings.

Article Source: http://EzineArticles.com/?expert=Cheryl_Johnson

 

Checking Account: You Have a Second Chance
By Andrew Smit

ChexSystems and other such databases list customers who have defaulted, in one way or the other, with a previous checking account or credit facility. Most banks and other credit and financial institutions keep up to date with the list in these databases, especially ChexSystems, for the simple reason that it helps them minimize risk; no bank wants to do business with an unreliable person. Though, a person is supposed to be removed from ChexSystem's list after five years, the worst part of the story is that once your name gets into the list, it becomes almost impossible to get out off the list.

The implication of this fact is that without a second chance checking account, getting to open an account for someone listed in the ChexSystems might be an impossible task. You now understand why second chance checking account is good news to people affected.

As you would expected, most banks that allow second chance checking accounts place several restrictions on the features of a checking account as well as the type of transactions that you can perform. For instance, some banks will deny you a checkbook.

However, it is difficult to make generalizations about the features of this type of checking account. The reason is not far fetched. The way and manner banks use the ChexSystem database varies widely, so the degree of restrictions varies, too. Also, the eligibility and requirements to open a second chance checking account varies across banks. While some banks will demand huge sums of initial deposit, others may not be that hard on you.

The good news is that, most of the basic features of a checking account, such as ATM withdrawals, online bill payments and direct deposits are also applicable to second chance checking accounts.

Besides, most banks now realize that ChexSystems does a poor job of assessing the risk a customer posses, and that their database contains several people that should not have been in the list, in the first place, these coupled with the fact that people are not readily removed from the list, even when the time is due, has led most banks to relax their requirements for opening a second chance checking account. In fact, some banks have offered to open a second chance checking account, with minimal or no restrictions for anyone found in the ChexSystems database, as long as the individual has not committed any major outright fraud.

The bottom line is that, whatever your previous credit issues are, you can still open a fully functional checking account. And who knows, if you do your research diligently, you might get a checking account offer that 'second chance' only in the name i.e. with no restrictions attached.

Do you know that you can open a completely legal checking account with a US Bank from anywhere in the world. us-paypa-bank-account.com specializes in opening US Bank Accounts for non-US residents. If you need a US Bank account to further strengthen your online business, you would get all the help you need here http://www.us-paypal-bank-account.com

Article Source: http://EzineArticles.com/?expert=Andrew_Smit

How to Obtain a Non ChexSystems Bank Account Without Being Scammed
By Alexis Dawes

Predatory lending exists in the mortgage industry. It's typically when a mortgage broker add's on unnecessary fee's to a bad credit application, because he or she knows that the applicant is in a desperate situation.

Predatory banking can also exist for those who have ended up in the ChexSystems.

ChexSystems is a network of financial institutions (mainly banks) that regularly contribute information about account holders that mishandle their checking or savings accounts. Nearly all banks within the US are a part of this consortium.

Bounce a check, and not pay it off in a timely manner, and you could end up in the ChexSystems. Even if you receive a bogus check, and the bank suspects foul play, you could land in the ChexSystems hot seat.

And the sentence for this financial felony isn't light.

If the bank that put you in the ChexSystems refuses to release your name from the ChexSystems database, you'll find it close to impossible to obtain a bank account of any sort for 5 years.

Even if you pay off the offending debt, the bank could still hold you a ChexSystems prisoner. Wicked, but 100% true.

So naturally when you have a situation where people are stuck between a rock and a hard place, the vultures come out to feed. This is what you may encounter if you're looking for a non ChexSystems bank account.

Before you pay money to any service that claims to give you a non ChexSystems bank account be sure it passes the following tests with flying colors.

 

     

     

  1. Make sure the bank is FDIC insured.

     

    According to the FDIC web site:

     

    "The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC - insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government."

     

    In a nutshell, if you decide to open a bank account with an institution that isn't FDIC insured, you could basically lose all of your money if that institution goes out of business. So it's extremely important to verify the banks status before you open an account.

    You can easily verify that a bank is FDIC insured at the FDIC web site.

     

  2. If it's a credit union, make sure it's NCUSIF insured.

     

    NCUSIF insurance is similar to FDIC insurance, except it's for credit unions.

    According to the National Credit Union Association web site:

     

    "The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board. Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC)."

     

    All credit unions that are NCUSIF insured can be found at (http://www.ncua.gov/indexdata.html).

     

  3. Make sure the institution has a physical branch.

     

    This is one of the easiest ways to weed out the bad seeds. Banks with physical branches are always legitimate financial institutions.

     

  4. Do some background work on the bank.

     

    Do a WHOIS search to view the registrant for the banks domain name. If it's a single person, that should raise a red flag. It should always be the banks name or corporate name.

    Look on the banks web site. There should be separate telephone and fax numbers, and a legitimate street address - not a PO box.

    You can always call 411 to confirm that the telephone number matches the address listed. But also keep in mind that some banks have a central location where they answer general calls.

     

  5. Make sure the bank DOESN'T require you to use direct deposit in order to open the account.

     

    There are some financial services that offer checkless checking accounts. (This isn't a scam as far as I can tell.)

    But what if you don't get direct deposit? Or what happens if you switch jobs, and no longer receive your checks through direct deposit? Then you're basically back at square one.

    And what if you want to use checks? I mean a checkless checking account kind of defeats the purpose of obtaining a checking account at all.

     

  6. Make sure the institution doesn't charge you for common items like monthly statements, telephone services, and withdrawls.

     

    I recently noticed a financial service charging outrageous fee's for options that are normally provided for free through regular banks and credit unions.

    They were charging for everything but the kitchen sink, including: a fee to check your balance at the ATM, a fee to receive a monthly statement, a fee if you wanted to return something you purchased from a retail store, a fee for using their automated telephone service. And that was just the tip of the iceberg!

 

Even though you're in the ChexSystems doesn't mean you should play victim to financially draining ploys like these. There are always better alternatives waiting in the wings.

Alexis Dawes is the author of "How To Get a Bank Account Even If You're in the ChexSystem." This report offers information on non chexsystems banks that will give you a checking account, even if you're in the Chexsystems. Alexis has personally used all of the recommended banks. You can get more information at (http://www.GetCheckingNow.com).

Article Source: http://EzineArticles.com/?expert=Alexis_Dawes

 

 
Why should you hire a Board Certified Bankruptcy Specialist? Click Here

For over 15 years, I have been helping Michigan residents through the bankruptcy process. My practice is focused on handling only consumer bankruptcy matters, and only in Michigan. My office has handled over 10,000 bankruptcy cases in Michigan and will apply this experience to your case as well. My office prides itself on fast, detailed, personal service. There are many different aspects to a bankruptcy case. Some of the different aspects are listed on the links below for you to explore. If you have any questions while exploring this site or would like a free personal bankruptcy consultation, contact my office at (313) 962-4656 or toll free 888-777-FILE.

 Contact me, bankruptcy attorney Walter Metzen to learn more about how I can help you get a Fresh Financial Start!.

 Be sure to Obtain a copy of your Credit Report after your Michigan Bankruptcy Filing and check it for Mistakes.

Contact me, bankruptcy attorney Walter Metzen to learn more about how the new Chapter 7 bankruptcy law may affect your case. I offer a free initial consultation so we can discuss your case personally.

We are a Debt Relief Agency helping people file for bankruptcy relief under the Bankruptcy Code. Let us help you decide if bankruptcy is right for you.

Bankruptcy attorney Walter Metzen represents clients throughout Southeast Michigan, including the communities of Detroit, Southfield, Warren, Roseville, Farmington Hills, Ann Arbor, Belleville, Canton, Clinton Township, Dearborn, Dearborn Heights, Hamtramck, Highland Park, Holland, Howell, Lincoln Park, Livonia, Macomb, Northville, Plymouth, Port Huron, Redford, Rochester, Saginaw, Southfield, Sterling Heights, Taylor, Trenton, Troy, Westland, Wyandotte, Ypsilanti, Mount Clemens, Howell, Oakland County, Macomb County, Wayne County, Washtenaw County, Livingston County, and all of the surrounding areas.
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