DEBTSMART® EMAIL NEWSLETTER
ISSN 1538-6740
January 29, 2003 Issue 44

Tools for financial success!
A Free E-Mail Newsletter from DebtSmart® Online and Press One Publishing.

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Publisher: Scott Bilker, mailto:publisher@debtsmart.com
Editor: Richard Crammer, mailto:editor@debtsmart.com 

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For instructions to SUBSCRIBE, and DISCLAIMER, see bottom of this email.

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IN THIS ISSUE

==> Cool Quotes

==> Letter from the Publisher

==> The 30-Year Loan Amortization and Analysis Worksheet

==> So Far In Debt; Can't Seem To Breathe

==> Household Math™: Home Refinance

==> Late Payment Survey

==> And Upset Is An Opportunity To See The Truth

==> 7 Tips For Giving Allowances

==> DebtSmart® Resources

==> Subscribe/Disclaimer Information

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COOL QUOTES

"Courage is simply the willingness to be afraid and act anyway."
--Robert Anthony

"Courage is doing what you are afraid to do. There can be no courage unless you're scared." 
--Eddie Rickenbacher

"I urge you to plan your work and then work your plan. I urge you to let no obstacle get in your way of accomplishing your plan. Either go around it, over it, or through it. But don't turn around and go back. You do not retreat. You do not quit." 
--Alan N. Canton, Author, Publisher, Software Engineer, Adams- Blake Publishing, Fair Oaks, CA

Click below for quotes from all previous newsletters:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?04&7428 

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LETTER FROM THE PUBLISHER 
by Scott Bilker

Hi,

I can't believe that January is almost over! Boy time is sure going by fast!

Thanks to everyone who responded to last issue's survey. We certainly uncovered some interesting information about our credit card rates and offers. It turns out that 21% of people who filled out the survey had a rate on their credit card of 21% or more! Yet, 23% of people said they have taken advantage of 0% offers. You can read the results of that survey by going to:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?05&7428 

This issue's survey is all about paying late. I can't wait to see the results for this. Please take the survey!

Regards, 
Scott

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THE 30-YEAR LOAN AMORTIZATION AND ANALYSIS WORKSHEET 
by Scott Bilker

Description: Many mortgage companies charge $10 or more to give you an amortization table! This spreadsheet will compute unlimited calculations that you can cut and paste into many applications!

Reviews: If you're looking for a quick solution to find all the costs of a loan then download this software now! All you have to do is enter how much you're borrowing, the interest rate, and the length of the loan and the worksheet automatically creates the Amortization--which you can print! This spreadsheet calculates results for loans ranging from 0 to 30 years.

Learn more about this book by clicking below:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?06&7428 

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SO FAR IN DEBT; CAN'T SEEM TO BREATHE 
by Scott Bilker

Scott, Help please! I heard you on the radio and what you had to say made sense to me. I am so far in debt and can't seem to breathe. I have 6 credit cards and I am $25,000 in debt.

I know you hear this all the time, I have been paying for over 2 years not charging anything and still can't get anywhere. I cut them 2 years ago, and called the companies to ask for a lower rate. They gave me like a year with low interest, and lower payments so my credit reports would not be hurt.

Bottom line, my credit report looks so bad, we can't even refinance our home. I am in so deep that if I had a pill I'd take it! When I called a company to help me all they wanted to do was charge me more money that I don't have. I am not sleeping, and just don't want to leave my home. I own my own business, and I am just asking for your personal help. Please, please help me. 
Thank you, 
Stephanie

Click below to read article:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?07&7428 

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HOUSEHOLD MATH™: HOME REFINANCE 
by Scott Bilker

Brooke's wants to refinance the balance on her home mortgage. She still owes $125,000 at 7% with after paying 36 monthly payments of $859.77 on her 30-year loan. She gets approved for a refinance at 5.5% for a 20-year loan with 2 points and $2,000 of closing costs. Brooke rolls the cost of all the refinance into the new loan. How many months with the refinance must pass before Brooke starts saving money with the new loan?

Click below to solve problem:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?11&7428 

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LATE PAYMENT SURVEY

The greatest sin in debt repayment is late payments. The penalties include raising your interest rates, large fees, or denial of new credit lines or mortgages.

Please take this issue's survey and let us know about your experience with late payments.

Click below to take survey:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?08&7428 

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AN UPSET IS AN OPPORTUNITY TO SEE THE TRUTH 
by Michael Angier

A few days ago my wife and I found ourselves in a dilemma.

We rarely have arguments, and I wouldn't characterize this as one. It was, however, an upset. Hurt feelings, frustration, misunderstandings and ego all played their negative roles.

We've been together for almost ten years and have worked through many of the challenges of any marriage including...

Click below to read article:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?09&7428 

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7 TIPS FOR GIVING ALLOWANCES 
by Womens-Finance.com

An allowance will help your child learn money management, responsibility, values, goal setting, planning, and saving. These are valuable lessons in life and ones that will make your child a much happier, productive adult.

Give Enough--Your child should be able to...

Click below to read article:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?10&7428 

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DEBTSMART® RESOURCES

DebtSmart® Books, software, reports, in-print and downloads:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?01&7428 

Archive of DebtSmart® Email Newsletters online:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?02&7428 

How to use DebtSmart® articles FREE in your e-zine or on your web site:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?03&7428 

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HOW TO SUBSCRIBE TO THIS NEWSLETTER

All recipients of DEBTSMART® EMAIL NEWSLETTER have signed up voluntarily for the newsletter via our website.

TO SUBSCRIBE to this newsletter click on the below link and complete the subscription form:
http://www.debtsmart.com/cgi-pl/go/030129_en.cgi?00&7428 

Please contact mailto:comments@debtsmart.com with any comments, problems, or concerns.

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The author(s), Press One Publishing, and DebtSmart.com shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly by the information contained in this email newsletter and/or at the DebtSmart.com web site. The information, methods and techniques described may not work for you and no recommendation is made to follow the same course of action. Every effort has been made verify the accuracy of all content contained herein. However, there may be mistakes; typographical, mathematical or in content. This email newsletter and the DebtSmart.com web site have been created for your entertainment only. You must always seek the proper professional advice before taking any financial or legal action. You have been warned.

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Copyright © 2003 Press One Publishing. All rights reserved. Please do not reprint, or host on your Web site, without explicit permission. However, if you found this newsletter helpful, we grant you permission, and strongly encourage you, to e-mail it to a business associate or a friend. Thank you.