Are you prepared for a change in the green?

No matter what time of the year, spending urges never seem to cease. Although there is a rare group that can spend and splurge on whatever they like, whenever they like… most of American’s find their spending is limited to the dollar amount of their paycheck.

However, often times, even with a clear knowledge of our limited resources we find ourselves living luxury’s we cannot afford. Thank you credit cards! The purpose of this post is to give you three basic tips on how to limit your credit-card debt.

Fun Fact: The average American household has at least ONE credit card with approximately $11,000 in credit-card debt.

1. Borrow only for those things which are MOST essential. Borrowing for college, a home, or a reasonable car is OK. Just remember, don’t ever get into so much debt that you can’t afford to pay it back.

2. DO NOT purchase with credit those things that you consume quickly. If you can’t go out to eat this month, that’s ok! If you can’t go to the movies this month, that’s ok! There’s no easier way to swamp yourself with debt than to use your credit card to purchase your day-to-day items. If eating out or going to the movies is something you love but can’t afford right now, save a little each month until you can (there’s no movie worth paying interest on for the next few months!)

3. Control your spending. Write down everything you purchase on a daily basis and at the end of the month weed out those things which are not essential. Believe me, this will put a few extra bucks in your pocket. There’s nothing worse than not knowing where or when your money has been spent (and even worse if you realize too late that somebody else has been spending it for you…).

Yes, you read it correctly. Puma, the clothing manufacturer, has introduced a new stock ticker application for your iphone or desktop. So what does Puma have to do with my finances or tracking my stocks? We weren’t sure either so we decided to look into it.

After perusing around the Puma Index for a bit here is what we came up with. Puma and their partnered advertising agency Droga5 wanted to provide a little entertainment for those individuals who were constantly checking up on their stocks and slowly watching their finances get stripped amidst this recession. So they developed an entertaining way to combine a falling market and their numerous product lines. Read more

Optioneer Trading. What is this company all about? Optioneer markets a proprietary options trading strategy. Optioneer clients target lucrative profits by selling options on the S&P 500, Dow, Nasdaq, and other options markets. The Optioneer strategy uses a risk management methodology where traders that employ discipline in their approach to trading, can exit loosing trades and mitigate losses. Optioneer Trading is an established company with a desire to help you succeed financially.

So what does Optioneer Trading do? According to their website, “The Optioneer course is designed to instruct investors how to sell options and collect premiums.” Optioneer customers target attractive returns while managing losses.

Of course, like any financial venture, there is always risk. If you are considering a trading strategy like Optioneer Trading, keep in mind that the world of investing is uncertain. No program can save you from this hazard.

With that said, Optioneer Trading can be a great way to increase your know-how of participating in the market. If you’re still itching for more information, check out the following links.

Optioneer Webiste
Optioneer Blog Post

Disclaimer: “There is a risk of loss in trading futures & options”