DEBT DIET

Have you ever heard the say; you can wonder into debt but, you can’t wonder out?

Well! Getting out of debt is like going on a diet—it may sound simple, but it sure isn’t easy. The only thing that really works is to spend less and save more.

Debt doesn’t benefit nobody, it doesn’t benefit your life, it doesn’t benefit a marriage or a family or your future. Just as in the past few years I’ve experienced the satisfaction of being fitted, I have also eexperienced the pain of being overweight. It has been a rollercoaster and emotionally draining! Is so much alike that debt also has its consequences. Here are a few reasons I think everyone should avoid debt:

  1. Debt makes you a slave/servant to your lender.
  2. Debt steals from your future.
  3. Debt hinders/makes it impossible sharing with others and practicing generosity.
  4. Debt erodes resources through high interest payments.
  5. Debt promotes impulse buying.
  6. Debt is like money leaking from your pocket or bank account
  7. Debt compromises your retirement
  8. Debt is like having winter all year round
  9. Debt controls your money not you.
  10. Debt is NOT sexy.


The number one thing we recommend to start you on a debt diet is having a game plan.

My amazing husband, Anuar, and I have experienced the incredible miracle of being freed from $47,000 in consumer debt. We purposed to get out of debt and made immediate changes in our lifestyle to accomplish this, and within two years we were debt free! Funny thing is, like I said; you can wonder into debt or even sometimes debt can creep up on you. Murphy has a way to make his way. No, sometimes you’re not even looking to getting into debt but, I guarantee you, if you don’t always have a plan for your money someone else will. We made up our minds, made a decision, prayed for God’s help, and found the strength we needed keep the commitment to become and stay debt free. Thus, the first step is to decide to become debt free and determine to do it God’s way. Read, how to payoff debt with a low income

Get on a budget.

We cannot stress this enough! We have tons of resources and ideas available here on our blog to help you with this, feel free to explore around and get in touch with us let us know how we can help and serve you best!

Write down your debt on paper from smallest to largest. Make a chart with the amount you owe on it, add to your monthly budget the amount you’re planning to pay each month, once you have processed that payment go back to your chart and make the changes.

We believe that following a regime will help you stay in charge but, more importantly will help you get out of debt a lot sooner. Read, the silliest thing I did to payoff debt.

What other plans have you implemented to get out of debt?

Have you ever been on a debt diet before?

leave us a comment or connect with us we would love to hear from you.

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3 Money Myths You Need To Ignore.

There is no shortage of bad information out there – and falling for some of it can cost you money. It could be other people who steer you in the wrong direction, or it could be the things you tell yourself. Whatever the source, believing these myths could be hazardous to your financial health. Not knowing truth doesn’t make it any better, in fact ignorance isn’t bliss! Ignorance is poberty. Our goal is to encourage you to get the truth behind these bits of financial misinformation. The following are three basic very common money myths.

Myth 1 – I don’t need a savings account because I have a credit card.

This is a surefire way to get into debt. A savings account is crucial because you can’t always plan for emergencies and the unexpected in life. Instead of charging medical costs, car repairs, and home improvements on your credit card, dip into your nest egg of cash and avoid debt altogether. The Bible doesn’t prohibit borrowing, but it does discourage it. Read The Secret to Saving Money

Myth 2 – I don’t need to pay my credit card off in full every month because I am building my credit.

This is a very common myth – that credit card companies want to see your ability to pay off balances steadily and over time. But this actually doesn’t do anything for your credit score! It just prolongs the amount of time you’re in debt and the amount of interest you are paying. If you use a credit card for cash back rewards or airline miles points, pay it off in full every single month. Commit to not be in debt, even if it’s for a short period of time. Read The Silliest Thing I did to Payoff Debt

Myth 3 – I don’t make enough money to have a budget.

You should have a budget no matter how much money you make. But if you live paycheck to paycheck or find that money is tight, it will be even more vital for you to stick to a budget. A budget allows you to know exactly where all your money is going so you can control it, instead of it controlling you. Read Budgets Are Designed to Help You.

What are some common money myths you’ve heard or known over the years?

Can you relate any aspect of this post to your current situation?

leave us a comment or connect with us we would love to hear from you.

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Three Behavioral Traits That Show Your Bugdget Needs a Fresh Start

Because many times people can get emotional about money, it is easy to make plans for the month on paper but, the minute one gets the money to do what is written on paper we forget and go back to the same unorganized ways of doing things.

If there’s an area to be discipline in our lives, is our finances. When we hurt financially, it is at times difficult to perform and even of greater difficulty to be the blessing God called us to be.

Keep in mind that scripture tells us the reason for possesions.

I cannot stress enough the importance of discipline with a budget and the ability to be good stewards. God is trusting us with little things let us be Faithful.

Your budget needs a fresh start

1. If you are not giving off the top.

If you want to get results with your money, you have to give. It’s as simple as that. When you give off the top of a well-managed budget, you may be surprised to find living on less can actually feel like you have more. That’s because managed money works harder. Charitable givingshould always be the first line on your monthly budget. Read Giving

2. If you are spending too much in one cathegory

Are you spending half your budget on takeout? Straighten out your spending by giving each budgeted category a specific percentage. Remember we recommend 10–15% for food , 25–35% on housing, 10–15% in savings, and 10–15% on charitable giving. And make sure your entire monthly budget—including clothing, transportation, insurance and entertainment—equals 100%. No matter what! We show you exactly how to do this on our Teachable online course you can access it here

3. If you are using the same budget every month.

Because there’s no such thing as “the perfect month,” a one-size-fits-all budget won’t cut it. You have to make a new budget every single month. It’s fine to look at last month’s budget for direction, but expenses change with the seasons. Set aside a specific time to review and revise your budget before the month begins and stop expecting an old plan to work for new expenses. Having good intentions with your money is a step in the right direction, but it won’t get you far. Reevaluate your budget and fix the areas that aren’t working. It’s never too late for a fresh start. Read budget

If you’re not sure where to start with zero-based budgeting or how to manage your money, check out our website www.redtogreeneconomy.com we got a lot of resources to help you.

Also, please stay in contact with us, you can find us here:

Yadira Lino Castro

Financial Wellness Consultant Facebook: https://www.facebook.com/ylino

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MONEY & MARRIAGE – MARRIAGE & MONEY

Marriage And Money Challenges. Experts agree that finances can be the number one cause of marital strain. It’s understandable that financial struggles can cause strain because how people spend money is never just about the money — it reveals attitudes about what you value most; it reveals deeper character issues. These are some of the reasons blending financial habits can be very challenging.

Marriage can be what a couple decides it can be, there’s always the notion of differences in marriage for example in marriage one spouse can be a saver and the other one a spender, or maybe both spouses are savers, maybe both are spenders! Whatever the case may be There is hope! In this post, our goal is to provide great ideas to help you and your spouse make your marriage stronger by tackling the issue of money management in marriage.

MONEY MANAGEMENT STYLES A HUGE PIECE OF THE PUZZLE IS THE DIFERENCE IN MONEY MANAGEMENT STYLES.

It’s easy to forget that marriage is a commitment to forge a new life with another person. The lack of trust emerging from society has created prenuptial agreements and separate bank accounts in many marriages. These undermine the commitment to a shared life with a spouse and are contrary to biblical teachings. In marriage is not his money or her money. It is our money. Whenever financial issues begin to get out of hand in a marriage, the first thing to do is to pray about them. And in fact prayer should be a style of living we’re not getting into a sermon here but, life in marriage is easier when there is prayer involve. My husband and I pray about pretty much everything, specially when we are talking money and there is decision making involve. When we have to use money for something that’s not in our budget, we both pray overnight and by morning the next day we both are ready to make a move. Weather we decided to use our money or not. There is no substitute for God’s answer though. If prayer, time, and communication cannot help you then you might need help from a marriage counselor, which is usually recommended even before your marriage life begins. My husband and I went for counseling with my pastor before our marriage, he asked some great questions, gave us some great examples and advices that we still live by even to this day. So, don’t think that you only need a counselor when there’s a problem no, it is a blessing and a great idea to see one even before your life journey together begins. Find a counselor who is trained to help couples resolve issues diplomatically. The difference in money management styles:

1. The Morphostatic Style. These are people oriented to the present. They buy what they want now and don’t wait for a sale or even evaluate whether particular purchase is necessary. The Morphostatic style have inflexible standards—they simply want the best. They also tend to be fairly conventional in their buying and planning, operating by a set of rules it is the way they’ve always done it and as far as they’re concerned it is they way it’s going to be.

2. The Morphogenic Style, These are flexible people, wanting as many people as possible involved in the purchasing process. A Morphogenic person usually considers all of the possible consequences involved in a particular decision and takes considerable time to reach a conclusion. What happens when these different types marry? It isn’t hard to imagine some of the fights that could develop around financial issues.

Kim is tired, . She had no idea Tony mismanaged his money carelessly, he brought that behavior with him into their marriage. The debt, from student loans, to credit card, car note, and now his sport events. She didn’t know his needs and desires in marriage would be such a challenge. She and her husband had overcome many challenges, but their greatest ongoing problems surrounded money. Her spouse was a spender, she was a saver; she liked to balance the checkbook to the last penny, her husband hadn’t entered anything in the register in years. The result was numerous volatile eruptions and conflict that both she and her spouse wanted to avoid. It shouldn’t have been a surprise. Had they communicated and have a budget committee meeting monthly. The good is, they’re now taking the time to sit down and like we said before there is hope. Read budgets read budgets you may also want to read emergency fundsemergency funds plus our bonus FREE Online ClassesFREE Online Classes

Budget Committee Meeting Dave Ramsey THE SECOND PIECE TO THE PUZZLE LEARNING TO COMMUNICATE.

The concept of a budget committee meeting comes from Dave Ramsey, the goal is that both spouses put their differences aside and adopt a new set of values to improve and benefit their money management skills and marriage relationship. when couples learn to agree on their money and are determined not to let it drive them apart, they form a unity that is crucial for a successful marriage. The challenge in a marriage is to work through the different identities, ideals and values you each bring to the relationship. You win at marriage by losing your need to get your way in every battle. You get a happy marriage by giving up selfish desires in order to win together—you create shared visions and goals out of your own individual goals! The budget committee meeting also indicates that both spouses will share mutual interest towards their money therefore they both will value and respect each others input and ideas. t’s important that both spouses be involved with creating the monthly budget. The partner with the natural gift can prepare the budget, but the decision-making must be done by both of you. When you sit down with your spouse to have a budget committee meeting, there are three rules that each of you must follow. Rules for the nerd :Listen take input Keep it brief rules for the free spirit: Show up give input be realistic. Remember that opposites tend to attract in marriage, so work together for maximum wisdom. When you have a budget that reflects both of your goals and ideals, you will experience fabulous unity in your marriage. Dave’s powerful class, Financial Peace University, we highly recommend it is perfect for couples to strengthen their communication about money—even if they’re not in debt. Dave even focuses an entire lesson on how we relate with money in different ways. My husband and I have been through FPU it is a great tool that teaches you how to be better stewards of God’s blessings and how to handle money God’s way. When You Sit To Talk About Money:

• FIND COMMON GROUND Be willing to show empathy, be understandable, open minded and none judgmental or critical about your spouse or what happen in the past. You’re starting a new chapter in your lives you both should be willing to look forward to what’s ahead a what the future holds in store for you as a married couple.

• MAKE TIME TO TALK Don’t wait until your credit card is way over the limit and the ridiculous interest percentages blow over the roof or another hot financial issue happens to bring up the subject. The goal is to have a calm relaxed discussion when there’s no particular money issue at hand.

• TALK ABOUT YOUR FEELINGS Volunteer your own feelings about a financial issue men often have the inner pressure to be the providers at home, and the only thing they expect from their wife is respect. As a woman know how to talk to your husband with respect but also have or seek the wisdom and honestly share your hearth and how you truly feel with your husband and encourage him to do the same.

Women are often seeking a sense of security. I cannot describe in words, there isn’t enough words to express how I feel about not having enough to cover basic things. Money isn’t everything for a woman, but not having it can be a very stressful situation. When you get your money at the end of the month and are ready to work on the next month budget we suggest you first give God what is his, pay your tithes and use a percentage of your money to pay yourself before you pay anyone else. If paying yourself 10% of your income at first is too much, choose a reasonable percentage but do it, pay yourself first and get in that habit. After you have give God his portion and you have pay yourself cover your four walls. (Housing, food, utilities, and transportation) after you took care of your family needs pay everyone else. If you are deep in debt or maybe just in debt period follow our recommended debt pay off method check our website www.redtogreeneconomy.com for more information.

Share your thoughts with us. How do you relate topic?

Yadira Lino Castro Financial Wellness Consultant www.redtogreeneconomy.com You Can Find Us Here: Facebook: https://www.facebook.com/ylino Instagram: @lala_ag Pinterest: @yadiz08 WordPress: @yadiz08 Skype: @yadiz08_1 Linkedin: Yadira Blessed Lino Castro Youtube: https://www.youtube.com/user/godsweetgirl

FREE Online Personal Finance Class

FREE Personal Finance classes with me! Our awesome community partner @hamptoninn from Perland Tx. Is sponsoring a five weeks The Power of Your Personal Finance course with me and written by us @ Red to Green Economy. Space is limited and spots are filling up VERY QUICKLY, so don’t hesitate to RSVP! YOU CAN CONTACT US AND SIGN UP FOR THIS FREE SERIES HERE www.redtogreeneconomy.com/contact Sign – up rules you have not taken this online series with us before. By signing up you agree to finish this course. Sessions will be held on Thursdays 6:00 -7pm

You might or you might have not seen this announcement on all our social media networks.

We’re beyond excited to share this wonderful news with you, our first class is tomorrow Thursday July 27th 2017.

There are still 5 spots available contact us for info at www.redtogreeneconomy.com/contact

In this course you will receive:

1. A FREE copy of our own Red to Green Economy E-book available @ Barnes & Noble or on our website @ www.redtogreeneconomy.com/shop for only $8.00

2. A FREE copy of our Red to Green Economy Worksheets Kit also available at our website for only $5.00

3. A FREE copy of our Teachable Online course The Power Of Your Personal Finance also available on our website @ www.redtogreeneconomy.com/services

In this course you will learn how to interact with your money and how to use it for your advantage. This is a step by step guide that will provide you the necessary tools to understand the power of personal finances. our main goal is to put you in charge and help you win with your money by setting achievable goals by creating a budget that works for you , we are with you every step of the way. $15.00

4. Five FREE consultation sessions with me each value on $65.00 our consultation service consist of:

Helping you come up with the perfect plan to get you back on track financially and help you devise a clear easily workable method to tackle your debt. In a typical Red to Green Economy Consultation, we will: Help you create a household budget and teach you the tools you need to help you adhere to that budget.Help you find extra money you did not know you had when you work your budget.Teach you the different debt payoff plans and help you identify which one works best for you.Help you set short term and long term financial goals and help you plan out how you are going to achieve each of themHelp you to identify areas in your finances where you may be weak and teach and motivate you to make small changes that will help you to become stronger.Help you understand the importance of accountability in order to win with your moneyAnswer any financial questions you may have that lie within our expertise. Each Consultation comes with two 1-hour sessions. For those that are outside of Houston, this will be a virtual Consultations via (Face Time, WhatsAap, imo, Google Hangouts, or Skype).

5. An invitation to our private Fabook group where you will meet our growing community people that are in the same journey as you to better their finance.

6. A friend and accountability partner, it is my desire and asignment to help you bring out of you and find your purpose in life.

How can we serve you best?

We’re grateful for our sponsor and community partners @ Hampton Inn by hilton from Prrland Tx

For info and for RSVP www.redtogreeneconomy.com/contact

HOW TO LIVE AN ABOVE AVERAGE LIFE ON YOUR TERMS

Even though no one sets out to become broke. A loan here and there, a bad investment here and there, and a couple hundred swipes of the credit card later—we’re busted, and we have no idea how we landed in this state. I look back at my life a few years back age …. and wondering how I got there? Totaly out of control hoping for things to get better, I had to take a hard look at my situation and had to make changes. For me staying the same was harder than the decision to change.
You don’t have to be living out of your car to be broke.

Broke is living paycheck to paycheck with no savings intact. Broke is being in debt up to your eyeballs. Broke is buying a brand-new $35,000 car because you can “afford” the monthly payments but not having enough in your bank account to cover a $1,000 emergency.

The funny thing is, we live in a society that calls this type of living normal.

Because of my decisions and where they took me we learned and we don’t do normal here. I decided to become weird. You want to break the mold and live like no one else? Here are some action steps you can take to turn the tide.

Live on Less Than You Make




This is non-negotiable, let others be wreckless, careless, and pretenders with their money not you, take a look at your take-home pay and outgo each month. Make a monthlyzero-based budget and you might be surprised by how much extra dough is slipping through your hands.

Grab that money and tell it where to go. You will start to feel like you’ve just given yourself a raise! Read The Sectret to Saving Money

Create a Game Plan

Take consistent steps to stay in your budget. Go over your budget every week, make your short, mid, and long term goals as part of your budget. Your short term goals should be achieve within a year. Your mid term goals 2 to 5 years. And your long term goals 5 to 10 years. Read Budgets are Designed to Help You Win

Increase Your Income
Look for side jobs you can pick up—dog walking, delivering pizza, freelancing. Or is there overtime available at work you could take on? Maybe it’s even time to get up the guts to ask your boss for a raise.

If you feel like you’ve reached the end of the road in your current field, consider looking at new career paths that may generate more income.
Read 10 Ways to Make Money on Your Spare Time





Begin With the End in Mind

Instant gratification will get you into trouble time and time again. If your potential purchase isn’t in the budget, back away slowly. Remember that making minor sacrifices now will pay off in the long run. Know what your end goal is, and then go after it!

Do the Math

A stay-at-home parent could consider going back to work, but look at the potential income versus the expense. Would day care costs rival the income amount of the new job? Be sure to crunch the numbers and see where you land. And don’t forget the things that can’t be seen in monetary value, like health care benefits, company reimbursements/discounts and other perks.
Be proactive! If you aren’t satisfied with your current situation, take a practical step forward. Submit your resume for that ideal job you’ve been dreaming about . Sell the car . Open your eyes to the need for change and then make it happen! Consider starting your own business and more importantly stay on top of your number but be consistent. Read Why You Need to Become a DIY Hero

Top Financial Challenges For Women 

 

 

 

 

 

 

far from trying to stereotype women, we just want to share few of the top financial challenges women face in today’s society, disadvantages that women need to be aware of when dealing with money matters. Again we’re not trying to stereotype women, each woman is unique and possesses the ability to soar and be a world class influential woman.

let’s dive in!

1. Wage Gap– on average, women earn less than men. Why that gap exists is a matter of often-heated debate, but the fact of its existence isn’t disputed.

 

 

  • What to do– While the wage gap is a subject for society as a whole to address, in the short term, individual women need to focus on money management and budgeting. A very particular trait in women is the ability to focus and multi task. Learning and developing new skills, one of the best ways of facing the wage gap challenge for women is by consistently tracking spending in writing. Skills are learned so this is one skill all women should learn tracking all spending, and using the collected data to create a new written budget. See our budgeting article

 2. Price Gapproducts designed exclusively for women are more expensive than those meant for men, women’s clothing is more likely to need dry cleaning, and women have to purchase things like cosmetics that men don’t use. All of these expenses add up to a hefty price gap between the genders. Studies have also shown that women’s health care is more expensive than men’s, even when exhibiting the same symptoms, not surprise!




  • What to do– Again, budgeting is key. Comparison shopping is also a must. There are all kinds of great apps or even store websites that can be use for comparison with the idea of saving money. The number one form of overspending isn’t buying on impulse, it’s paying too much for things. So look at your necessary spending and see if there’s anything you’re paying too much for that can be bought cheaper from another source, or in bulk. See our 10 ways of to make extra money article

3. Long-Term Care some of these categories seem especially unfair, in that they represent admirable qualities that nevertheless result in financial challenges for women. A Princeton study found that women are twice as likely as their male siblings to end up caring for an elderly parent. And a study from the Journal of Applied Gerontology found that women are more likely to be displaced from the workforce when providing long-term care.

  • What to do– The best solution is to plan well ahead of time, it is always a good idea to add a long term care insurance  tab to your budget planning when you start thinking that it might be necessary in the coming years. The fact that is in your mind, and you are concern about it tells that you might want to start planning for it before is too late.  Put a small percentage aside on your budget and get ready so that you’re able to get long-term care insurance to meet this need when the time comes. Every family situation is different, but if you think this kind of situation is likely, that insurance is more likely to be worth it. And your whole family needs to come together and decide if they are going to buck the trend and share care giving responsibilities equally among siblings just make sure is on writing as a contract, not that you don’t trust your family but, people tend to agree to this type of things and many times fail to deliver leaving the responsibility to a single individual to deal with. See our the secret to savings article

4.Charity – another category that turns a positive into a challenge; women are more likely to give to charity than men, and on average they donate more.




  • What to do– Donating to worthy charities and those that are concistent with your values is great, so we’d only caution you to make charitable giving part of your written spending plan so you don’t go overboard.  You can’t give what you don’t have, do not over promise and do not let anyone bully you or manipulate you into giving. Set a percentage of your income in your budget for giving and stick to it. Do not write checks by Faith to bounce back and get charge for overdraft knowing that there’s no money in your account. Doing that won’t help you or the causes you support. Think of when you’re on an airplane; they tell you in an emergency to put the breathing mask on yourself first, before helping anyone else. The same principle applies here. You’re no good to charities or the needy if you can’t make ends meet yourself. Follow your budget and give as you can, your priority is working your money plan so that you, your family and the people you love and wantvto help can benefit, so make giving a top priority in your budget and give accordingly. See our why giving article

4. Education– yet another positive trend that ends up costing women more money. These days, women are more likely to attend college than men. That’s good—it’s part of how society is addressing the wage gap—but with tuition costs skyrocketing in recent decades, today’s graduates are left with hefty student loan debt.

  • What to do– Student loans are a huge headache for graduates and a huge business for financial institutions everywhere in America, Student loans sees no gender it affects men and women alike. see our How to pay for college without using student loans article




 

What other financial challenges you think women are facing today?

If you’ve got difficulties with your finances in general we’re here to help. Contact us today @ www.redtogreeneconomy.com or @ getinfo@redtogreeneconomy.com