Provisional Credit And How It Could Cost You

I saw a transaction marked as provisional credit in my son’s checking account history. My son disputed a charge for an online purchase that never actually went through for $80. A provisional credit was issued as the bank investigated the matter. Looking at his balance, I knew we had to have a talk not only for education’s sake but also to avoid an overdraft fee. What Is A Provisional Credit? Provisional credit is a temporary credit issued by your bank into your account when a transaction cannot be verified or is being disputed. Provisional and Real Credit Overlap When the […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup

Happy Memorial Day Weekend, EOD Nation!  This is the weekend of our annual luau themed party, so I’m busy running around doing prep work, decorating and cleaning.  I’m excited because we’ll be having our super sized slip and slide this year since it will be hot.  Summer is here! Fist pump for Summer, and my favorite posts of the week!   Posts That Make Me Fist Pump No Emergency Fund? These Consequences Might Change Your Mind from Money Beagle The Negative Domino Effect Of Running Up Your Credit from Bible Money Matters 3 Mindset Shifts that Helped Me Finally Pay […] Read more »

7 Financial Lessons A First Job Can Teach

My teenage daughter has her first official part-time job. While helping her fill out her paperwork I discovered that her first job will give her much more than a good work ethic and a paycheck every two weeks. Just having a job will force her to learn quite a few skills useful for the rest of her life. How to Read A Pay Stub Everyone should know how to read a pay stub, especially hourly wage workers. Pay stubs show important information such as: Pay period dates Hours worked Hourly wage Net amount paid Employees should verify this information is […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 5/18

My son is home from college for the summer and my daughter wraps up her sophomore year of high school in a few weeks.  This all means it’s time to switch our budget into summer mode.   The grocery budget will have to be increased to account for feeding a hungry college student and more snacks will be needed since the kids will be at home more.  It’s all part of the process known as life, we just gotta roll with it and plan accordingly! Fist pump for summer vacation, and my favorite posts of the week! Posts That Make Me […] Read more »

What is a Deductible?

If you’ve dealt with insurance before, you’re likely familiar with the frequently used term deductible. But if you’re just starting your life as an independent young adult, or if you’ve never filed claim before you may not be familiar with this term. All types of insurance, including medical, homeowners, and automobile insurance have deductibles. What is a deductible, and how does it work? What is a Deductible? A deductible is the amount of a bill you are responsible for. Example: You get into an accident and your car is damaged. The repair bill is $3000, and is covered by your […] Read more »

Three Steps to Using Zero Percent Finance Offers

Zero Percent Finance Offers

Zero percent finance offers save people money when used correctly. Read on to find out more about how to avoid the pitfalls of zero percent finance offers. My wife suddenly stopped, pointed, and said, “That exactly what I’m looking for!” Walking through Home Depot,  she had spotted an outdoor sectional couch she claimed would be perfect for our deck. She had mentioned her desire to buy an outdoor couch, but hadn’t saved enough to cover the $500 price tag hanging from the couch. We could continue to save and hope the couch was there when we had the cash, or […] Read more »

List Your Way To Success

Productive and successful people utilize lists. Lists remind us of things to be done, and plans our daily activities. Review the following points to learn how operate at optimal efficiency using lists. Start A List If a list of tasks needing to be completed doesn’t already exist, create one. Add as many things as you can think of, but don’t be concerned if the list is too long or short. Put the List in Plain Sight The list will remind you of things you need to get done if you see it frequently. Place the list where you spend a […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/27

I’ve spent a little bit of time each night this week working on installing my new garage door opener.  I’ve run into several roadblocks that have required additional hardware (like a rail extension kit for a larger door, and more iron angle to rehang the new opener in a new location), but I’m making progress.  Hoping to finish today.  I started to wonder if all the aggravation and time was worth it, so I got some price quotes for how much it would cost to have someone in, and found I’m saving at least $200 by doing it myself.  SCORE! […] Read more »

Public Service Announcement: You STILL Need an Emergency Fund

Smart, savvy, financial blog readers like yourself are certainly conscious of the importance of an emergency fund. But, maybe it’s been awhile since you’ve dipped into yours. Maybe you’ve become a little desensitized from the effects of not having one. Today we at Enemy Of Debt are doing a public service announcement giving everyone a bit of a refresher as to the importance of the emergency fund. I saw my wife’s phone light up with a text message notification. The message was from our son, notifying us that the garage door would not go all the way up, and was […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/20

As soon as I finish this post, I’m heading out of town to my mother-in-law’s retirement party.  She’s done the calculations and determined she’s financially set to retire.  That must be a GREAT feeling!!!  Congrats to my mother-in-law for making it to the promised land! Fist pump for retirement, being financially set, and my favorite posts of the week! Posts That Make Me Fist Pump Do These 7 Things to Save More for Retirement This Year What Are We Doing to Help Us Save a Bundle on Groceries? 5 Ways to Deal With Financial Stress and Improve Your Finances 13 […] Read more »

My Favorite Generic Products

Store brand and generic products generate strong feelings of poor quality. As I put away my groceries over the weekend I couldn’t help but feel this perspective is many times unwarranted. I was surprised just how many of the products I had purchased were store brand or generic products. I’ve compiled a list of my favorite store brand products: Soda I’d be lying if I said store brand soda tastes exactly like the high profile brand names. However, for some flavors such as orange and root beer, I like the store brands just as much, and they cost significantly less. […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/13

I look for it every year, and I’m never disappointed.  The great spring charcoal sale is on at Walmart.  Twin pack 15 pound bags (30 pounds total) for $7.88.  This is a GREAT deal, and over 50% off the regular price of a bag of charcoal.  You have to be careful though, as they always have twin pack 18 pound bags (36 pounds total) for double the price.   I’ve got 300 pounds so far, and I might pick up a few more bags to last me the entire year until the sale next spring! Fist pump for cheap charcoal, AND […] Read more »

What Is A Mortgage Escrow Account?

Excited first time home buyers are exposed to a wide range of emotions as they go through the process of signing their name over and over again. Somewhere in the massive stack of documents is mentioned a mortgage escrow account. Some may just gloss over it, while others will put their pen down and ask a few questions. What is a mortgage escrow account, and what it it used for? Mortgage Payment Breakdown A person’s mortgage payment can include several different components. Principal : The amount owed to the lender is reduced by this amount Interest : The amount of […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/6

I’m currently on vacation in sunny Florida with my family.  I can’t think of a trip I’ve taken in my life in which I’ve been more happy to have been away from home.  While I’ve been basking in the sun at the beach in temperatures close to 80, my home state of Minnesota got slammed with a late season snow storm that dumped 8 inches of snow. Fist pump for missing snow storms, and for my favorite posts of the week! Posts That Make Me Fist Pump 9 Money Goals Everyone Should Have from Money Beagle 9 Best Apps to […] Read more »