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Pia Singh

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There’s a new product that people in New York are buzzing about that might be unlike the rest; a natural food called Yacon Syrup could be a game changer for those looking to drop pounds and live healthier.  Dr. Oz featured it on his show. He even conducted some research on the syrup and the results were astounding!
Pure Yacon Syrup New York NY
Pure Yacon Syrup New York NY
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Debt Consolidation New York

Due to the fact that they really feel that they can well manage on their own, a number of people in New York usually tend to neglect the great debt insight that debt counseling professionals can provide. These individuals are those that have the propensity to make inadequate decisions that could in fact aggravate their monetary issues.

Debt consolidation is merely the ways lowering your debt through handling your possessions and working out matters with financial institutions. It includes financial obligation management strategies wherein you pay set funds each month to specified accounts. The money is then used by the financial obligation management company to settle your bills.

In selecting a New York debt management service provider, you ought to consider different aspects. Enumerated here are tips on the best ways to choose a firm that might bring you closer to monetary comfort and ultimately debt freedom.

Referrals: It aids if you trade notes with people who have been in a comparable scenario; you can ask inquiries regarding their experiences with their credit counselors or dent consolidation New York experts. A NY firm with excellent credibility will certainly be able to share their successful clients without giving out the personal info, so go on ahead and ask a referred New York debt consolidation company to give examples.

Education: An excellent credit therapist or financial obligation administration professional is always willing to provide you with adequate details on how to manage your financial troubles. This can be in the form of CDs, video clips, group classes, one-on-one coaching in person, even telephone seminars in this era of convenient technology.

National Accreditation: Not guaranteeing excellence but a New York debt consolidation company that is approved promotes ethical techniques and high criteria. One of the most outstanding approving bodies is the American Association of Debt Consolidation Organizations. Firms under this team focus on credit therapy, debt consolidation strategies, and spending plan or finance sector education and learning, among others.

Better Business Bureau: This company could offer you with info concerning the short-listed companies. You could additionally take into consideration talking to a person from the State's Attorney or Attorney General'­s workplace to find out if the companies you are taking into consideration have actually been topics of any type of investigative or regulatory activity. It will also help if you check the firm'­s website to confirm if it is a member of the online arm of the New York Better Business Bureau and if it has actually been granted the integrity program online seal. Debt Consolidation New York.
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Creating a family budget is an important step in securing your financial freedom. A budget won't free you from your responsibility in paying your bills on time, but it will steer you in the right direction of knowing where your money is spent each month. It will also get you on the path to effectively start saving money on a month-to-month basis too.

Before trying to establish your budget, you need to start with the basics and understand what you are currently spending your money on. How much do you spend on groceries each month; gas for the cars; heating, electric and water; cable and internet? How much are you spending each month for going out to dinner or going out to lunch; extra-curricular activities for the kids?

After you have determined what you spend your paycheck on, it's time to sit down and begin calculating out how you will begin to budget your paycheck. First, list out on a spreadsheet how much you are spending on each of your monthly bills. For example:
- Electric: $100
- Internet/Cable/Phone: $200
- Groceries: $250
- Gas: $120
- Water Bill: $35
- Mortgage or Rent: $1500

Once you have listed out your bills, calculate what you are spending per month on other expenses, like entertainment and activity expenses. List them out on a spreadsheet as well:
- Sons baseball camp: $250
- Daughter's gymnastics: $100
- Family dinner nights out: $250
- Weekly lunches out: $50

You're not quite out of the woods yet with your bills. Don't forget some of your bills come on a quarterly, semi-annual, or annual basis. It's best to begin saving for those bills now, so when they do come due, you will already have money set aside for those bills and you won't be forced to be looking between the sofa cushions to find lose change to pay for them.
- Tax Bills
- Life Insurance
- Homeowners Insurance
- Car Insurance

Once you finally have a full listing of your month-to-month bills, your month-to-month entertainment/activities expenses, and non-month-to-month bills, you are now in a position to sit down and create a family budget.

For the purposes of this article, we will pretend we get paid twice per month. For your quarterly, semi-annual, and annual bills, figure out how much you need to save each paycheck in order to have enough money saved when the bills comes due. For example, if your life insurance policy has an annual renewal amount of $300, that means you need to save $25 per month in order to have the $300 available each year ($300/12 months). If you get paid twice per month, you need to save $12.50 per paycheck in order to have the $300 available at the end of the year.

Breaking it down to the smallest denominator also provides a more manageable way of understanding what you need to save for your bills. Saving and setting aside $12.50 every two weeks is much more attainable and less overwhelming than trying to figure out how you will come up with $300 when the annual life insurance bill comes in. This also gets you in the mindset that you need to save and set money aside to pay for to pay for those bills.

It's also important to understand that the money you are setting aside for these non-monthly bills is not your savings, retirement, or "rainy day" money. This money is specifically money you have ear-marked for these bills. We will get into savings, retirement, college savings, and "rainy day" money in a later article.

Now do the same with your monthly bills and entertainment expenses. Figure out what you need to save each paycheck in order to pay the bill at the end of the month. For your $100 per month electric bill, you need to save $50 per paycheck; for the $1500 per month mortgage, you need to save $750, and so on.

At this point, you should have all your monthly bills and expenses listed out on a spreadsheet with the dollar amount it costs for each of those bills on a paycheck-to-paycheck basis. Don't worry that some of the bills aren't at a fixed cost, like the grocery bill. Your monthly groceries will fluctuate month-to-month, but you should have a solid understanding that you spend roughly $250 per month on groceries, which means you need $125 per paycheck to pay those groceries each month.

Once you have all your monthly bills, monthly entertainment/activity expenses, and non-monthly bills listed out and broken down to what you need to save per paycheck, compare this cost against the gross amount of your paycheck. Is this amount greater than, less than, or equal to your gross pay?

If your bills and expenses are greater than your gross pay, you are in some trouble. This means you are spending more than you make.

If it is equal to your gross pay, that's not bad, but it's not great either. This means you are spending exactly what you are making. You have no wiggle room if an unexpected expense hits you like a new roof, new water heater, or a new dishwasher. You also have no room for any type of savings. You are literally living paycheck-to paycheck.

If your bills and expenses are less than your gross pay, congratulations, you are in the black. Next steps for you is to figure out the percentage of savings you can put aside each month.

Going through tasks above I a long and tedious process. It can also be very frustrating figuring out exactly what you are spending. The intention is not to micro-manage down to the penny what you spending, but instead begin to get you in the mindset of understanding what you are spending.

Once you have this basic understanding, you will begin to get a much better sense of what you can cut back on and how to begin saving your money for retirement, a general savings account, college accounts, and more.
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The new law, SB 401 (Wolk), allows most taxpayers to exclude canceled mortgage debt income of up to $500,000 on their principal residence. The limit is $250,000 for married/registered domestic partner (RDP) individuals filing separately. It applies to debt forgiveness in 2009 through 2012 resulting from a foreclosure, “short sale,” or loan modification of a taxpayer’s qualified personal residence.
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It can be frustrating to wade through the decisions involved in debt consolidation. Several methods exist, including using a bank, a finance company or even credit card offers. Often, you can qualify for lower interest rates if you are willing to put up your home as collateral, but you risk losing your home if you cannot make payments.

Make sure you seek professional advice and don't just fall for some sort of fast talking debt settlement sales pitch.  
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