Category: Organization


Derek Cole / Getty Images

Derek Cole / Getty Images

Financial experts have long debated the best strategy for paying down debt. Some advise paying off debt in the order of APR, taking on the loan with the highest interest rate first. With this approach, you reduce the amount spent on interest charges every month and free that cash up to chip away at the rest of your debt. Others, including personal finance guru Dave Ramsey, advise tackling your smallest debt first, regardless of the interest rate; when that’s entirely paid off, you move on to the next smallest, and so on. Which approach is better?

Well, Ramsey’s “snowball” method eliminates the total number of different debts faster, but in fact it is also likely to result in paying more in interest over the duration of the debt reduction plan. So the smarter approach, then, is to first pay off the debt with the highest interest rate, right?

Actually, wrong. In light of the results of a new academic study, science has weighed in on the issue, and it turns out Ramsey is right. People who pay off the smallest debt first are more likely to be successful at eliminating all of their outstanding balances.

(MORE: 5 Smart Strategies to Eliminate Your Credit Card Debt)

This isn’t really logical. It make more sense, mathematically, to target your debts in descending APR order. But people aren’t logical. A new paper by two associate marketing professors in Northwestern University’s Kellogg School of Management explores the psychology of motivation

Read more: http://moneyland.time.com/2012/08/16/the-verdict-is-in-tackle-smaller-debts-first/#ixzz23kfz6mk6

I don’t know about the rest of you but I get so annoyed by the different stickers “Sell By” “Use By” dates. I prefer the “Use By” because otherwise I just use the plain old fashioned sniff test to ensure the safety of an item before comsuming. It’s pretty fool proof but at the same time a lot of people suffer from self induced food poisoning because they are unsure of when it’s ok to eat and when it should be tossed. So please, by all means print this out and put it on your fridge (I know I will!). Enjoy!

*If you have a question or would like to submit a topic please email me at honestgoodadvice@gmail.com

A friend of mine =) I love that it’s full poetry-enjoy!

Hello Fellow Bloggers,

I am in the process of helping a group of friends with a new non-profit based out of (but not limited too) Laguna in Orange County, CA. This event flyer is to annouce the grand opening scheduled today! The project assists cancer warriors by helping provide financial relief for expensive and necessary treatments and hospital bills. If you would like to donate you can purchase a shirt at www.dwbhshirts.org. All the shirts are American made from high quality cloth. And for those of you who are pet lovers they offer dog/cat shirts as well! If you are local and can make it I would love it for you to come, if you cannot please buy a shirt- It’s a tax write off and you would be helping a stranger!

Facts About Cancer:

There are more than 100 types of cancers; any part of the body can be affected.

Worldwide, the 5 most common types of cancer that kill men are (in order of frequency): lung, stomach, liver, colorectal and oesophagus.

Worldwide, the 5 most common types of cancer that kill women are (in the order of frequency): breast, lung, stomach, colorectal and cervical.

Tobacco use is the single largest preventable cause of cancer in the world.

One fifth of all cancers worldwide are caused by a chronic infection, for example human papillomavirus (HPV) causes cervical cancer and hepatitis B virus (HBV) causes liver cancer.

More than 30% of cancers could be cured if detected early and treated adequately.

In 2011, approximately 39,520 women are expected to die from breast cancer. Only lung cancer accounts for more cancer deaths in women.

In 2011, about 2,140 cases of breast cancer are expected to occur among men, accounting for about 1% of all breast cancers. In addition, approximately 450 men will die from breast cancer.

I have two people currently in my life who are planning their own weddings. It seems like a daunting task however it can be easily accomplished on your own with the help of your friends and family. So, here are just a few tidbits that I found helpful from planning my own wedding.

Step 1.

Decide where you want your or your parent’s hard-earned money to go! The groom and bride to be should both sit down and list the top 10 things they find to be the most important about their special day. You can do this together or separately either way by doing this exercise it lets you see where most of your budget should be focused. Your list could include but is not limited to any of the following: venue, transportation, photographer/videographer, food, the cake, liquor/beer, decorations, dress/suit, bridal/groom gifts, wedding favors, etc.

Step 2.

Set out a time line. Again, for some planning a wedding is overwhelming. Spread out the tasks so that way you focus on different areas each month rather than all at once. This will include everything from introducing the parents to one another, selecting a venue,  ordering favors etc. If you want a more in-depth guide there are a ton of websites that offer free wedding calendar checklists.

Step 3.

Get creative and think outside of the box. The best way to save money is to do a lot of the  work and research yourself. I planned my wedding in roughly 2 weeks 3 months before the actual date. I am a planner so this definitely kept me on my toes- it was the only date that everyone was available to fly cross country…Keep in mind- I was stressed out and in hyper-drive…so I do not reccommend people going this route! Give yourself plenty of time and enlist plenty of help!

Step 4.

Don’t be afraid to ask questions or explore other options. I was able to book my venue at a discounted price because my husband was active military. I know that not all of my readers have this advantage, so another way to receive a discount for the venue is schedule the wedding on a slower day. You can always ask the venue what days are usually their slowest- generally this will be the middle of the week or in the morning. (Keep in mind this might cause issues for your guests.) Weekends and nights are the most pricey because that is what is in high demand.

Step 5.

Buy a used dress. I saved 44% on my wedding dress because I didn’t buy new.  I purchased a floor sample at a local boutique and then took it to a tailor to be altered and cleaned. When I got the dress back it looked brand new- the beading that was loose had all been sown back into place, the stains at the bottom of the dress from being brushed against the floor- gone, the tiny rip- vanished. If you have a thing with wearing something that was once used you can still save. There are tons of people on ebay that offer custom dresses. Most of these vendors are based in China (where most of the dresses we buy are made to begin with) and will require your measurements and color selection. Generally, the pricing is around $200 per dress. The one draw back to this is that you have to wait anywhere from 1-4 months to receive your dress. I prefer to see and touch what the material before I buy something, but if this is a better option for you then happy hunting!

Step 6.

A little well-known fact that is surprisingly obvious, (oxymoronic statement yet it’s true) the business of getting married is just that— a business. Unfortunately, marketing and sales teams are quite well aware of the psychology behind this special day. They know that you have spent your whole life waiting for the day to become Mrs. and wear the most beautiful dress on earth that makes you look amazing! Don’t be fooled that you have to spend an arm and potentially a portion of your left leg in order to have the wedding of your dreams. Be realistic about your budget and if you over spend somewhere that means another area will have to be adjusted to accomodate. And remember- it’s just one day, important and special, but one day.

Keeping it All on Track…

Anyone else ever noticed that the men in our lives tend to have a hard time focusing on more than one thing at a time? The male brain is built specifically to focus in on a single item which is wonderful at completing tasks however can create some frustration for his female counter part. For as long as I can recall my brother, my male friends, and even my own husband has trouble with remembering every birthday, anniversary, and/or special annual holidays. Don’t get definsive guys 🙂 this is just the nature of the beast…and heck, I have a hard time keeping them all straight at times myself! So, why not pre-oragnize to alleviate any confusion or last minute panick? Plan ahead…and when I say plan ahead I don’t mean just for one… but ALL important events for the entire year. In a digital age this is quite simple to accomplish or you can use the old school method of a paper calendar. I personally am an avid fan of Mac so I use iCalendar but as far as I know even the most basic of computers/cell phones allows you to create appointments/reminders on an annual basis. Anyway, I recently did this for my husband as a nice suprise and yet to ease his mind about attempting to remember certain dates throughout the year. iCalendar allows you to create events (specfic to time or you can set it for “all day”) then you can set up alerts minutes to weeks before the actual event. Currently, I have my phone as well as my husband’s set up to remind us of important dates one week prior. This allows us to purchase/ship a gift or card if needed. Then we use the reminder on the day of to follow up with a phone call. Shameless I know to admit I am not as organized as one might think! However, having this ability to pre-set important dates is most helpful and can truly be a life saver!