DebtCC is offering a new opportunity to the community members for earning dollars. As you all must be aware, DebtCC loves to reward the members for their valuable participation in the Community. This is why the community has decided to offer a new opportunity to its esteemed members to earn money.

The community members now get the chance to earn money through DebtCC referral system. As per this new system, the community members with 1000 credit points will be able to earn dollars through their followers. Have a look at the article to know how the followers of the community members can potentially help them to make money.

DebtCC referral member system helps you earn dollars

DebtCC Referral system helps you earn money while increasing the participation in the community. You can earn as much as 100 points through this new system or feature. You can accumulate these points and convert them into cash at the end of the month.

This new system/feature gives an opportunity to the followers of the members to join our community. The followers visiting the user pages of the members can just click on the “Join Community” button and register in the community.

Once the followers complete the registration process, they can start participating in the community. They can participate in the community and share their knowledge with others through the DebtCC Forums and Social Answers.

If a follower actively participates in the Forums and Social Answers and earns 1000 points, then the community member will earn 100 points immediately. The community member won’t have to do anything.

DebtCC Referral system – Rules and regulations

Check out the following rules and regulation that need to be followed in order to earn money through DebtCC referral system:

1. The community member must have earned 1000 points.
2. The new member needs to participate in the community actively.
3. The new member must abide by the rules and regulations of the Forums and Social Answers.
4. The new member can’t create spams .
5. Several accounts from the same IP will not be permitted.

The DebtCC referral system is at a nascent stage right now. The community is working to make the system better. The community will supervise the points system from time to time. If the community decides to make any change in the points system, then the members will be notified about it.

Finally, if you have any doubts or questions regarding DebtCC referral system, then you can contact us at mike@debtconsolidationcare.com or jason@debtconsolidationcare.com.

Listed below are the 5 financial tips for the first week of October 2011

Tip no 1 – Use electricity judiciously to save money on utility bills.

Judicious use of electricity can help you save money every month. Turn off the lights when you don’t need them. Unplug the electrical devices (computer, coffee maker, tv, etc.) when you are not using them. Purchase energy efficient bulbs and use them in your house. This may help you save as much as $20 on your utility bill. You can also use power adapters as they consume less energy. This will help to slash your electricity bill. Another wide idea will be to use a candle in the bathrooms. A single candle can light up your bathroom easily.

Tip no 2 – Go green and save money.

This tip can help you lessen the current environmental problems as well as save money. For example, you can share your ride with another person. It is said that an average American spends around $26 on the gas bill every week. If you share your ride with a neighbor, then both of you will be able to save about $650 in a year. Another tip will be to reuse items instead of dumping them into the garbage. This will help you utilize the resources used to make the item efficiently.

Tip no 3 – Buy generic items whenever possible instead of going for brands.

Purchasing generic items is a good way to save money. You can get generic items at a cheap price. You’ll be able to a purchase a large number of products by spending a small amount of money. However, if you go for branded items, then you’ll be able to get only a few products within the same amount.

Some of the consumers think that that the quality of the branded items is extremely good. However, this notion is not completely true. A community member states that her daughter used to love eating a bread of a particular company. Her daughter simply refused to eat the bread of any other company. One day, the community member served her a bread of a cheaper store brand. She told her daughter that the bread is from her favorite company. The daughter could not find any difference and ate the bread quite happily.

Tip no 4 – Understand the importance of money and spend it only when needed.

Useless spending of money is one of the biggest financial mistakes on the earth. It can lead you to financial problems and your credit can be completely ruined. It is the duty of the guardians to make the children understand the importance of money in life. This will help the children to use money judiciously when they become adults. They can avoid making foolish financial mistakes in life.

Spend your hard earned money only when it is required. Differentiate between the luxuries and the necessities. Make it a point to spend more money on the necessary expenses rather than the luxury ones.

Tip no 5 – Ask your child to plan the family budget.

It is a great way to make your child understand the value of money. Usually, children don’t have any idea about how a family budget is planned or what are the areas where your family spends the maximum percentage of the income. However, when your child is given the responsibility to plan the family budget, he/she gets to know about the importance of money in day-to-day life. Your child will also learn how to manage personal finances efficiently. This experience will definitely help your child when he/she attains adulthood. He/she will be able to tackle money matters without getting into debt problems.

Have a look at the 5 financial tips for the last week of September 2011:

Tip no 1 – Don’t apply for unemployment benefits if you leave a job on your own.
Unemployment benefits are primarily available to the people who are without any job. People who have lost their job without any fault of their own are eligible for these benefits. If you have resigned from your job without any genuine reason, then you’ll not qualify for this benefit. However, if you have been forced to leave a job due to some unavoidable reason, then you may be eligible for these benefits. Moreover, you may also not qualify for the unemployed benefits if you have left your job due to illness.

Tip no 2 – Shop for your life insurance when you are young and healthy.
Purchasing life insurance policies when you are young and healthy can enable you to get low premium rates. You are less likely to be attacked by the diseases when you are young and healthy. This in turn means that you are less likely to file an insurance claim soon.

The best time to purchase a life insurance policy is when you are in your 20’s. If your health is in good condition, then the insurance company will offer the policy at the best terms and conditions. Thereby, you’ll be able to save a substantial amount.

Tip no 3 – Invest in annuities rather than simply going for 401K retirement funds.
You can invest in annuities for securing your retirement years. However, before investing in annuities, you should keep certain points in mind. You should calculate the amount you can invest in annuities. Find out if you can afford to make a lump sum payment over a certain period of time. It is better to invest in annuities only when you don’t need the money till 59 ½ years. Analyze the different types of annuities and invest your money in the one which is suitable to you.

Tip no 4 – Understand the importance of money and spend it only when needed.
Realize the value of money and spend it accordingly. Money does not come easy. You have to work hard for earning dollars. Remember you get your paycheck only after working a certain number of hours in office. Spend money only when it is required. If you spend all your money without thinking even twice, then you’ll get into severe financial crisis very soon. You’ll be knee deep in debt. Creditors will haunt you for payments every day. If you have no money and are unable to payback the creditors, then they may even sue you.

Tip no 5 – Purchase adequate insurance policy to get the required coverage.
You should purchase adequate insurance policy for obtaining required coverage. For example, if you want to protect yourself against the financial losses incurred due to a car accident, then you need to purchase a car insurance policy. If you purchase a home insurance policy or a flood insurance policy, then it will not financially compensate you in the event of car accident. Similarly, if you expect that a disability insurance policy will pay you money for repairing your home after it has been damaged due to an earthquake, then you are wrong. You’ll have to purchase an earthquake insurance policy for it.

Bad news keep pouring in for the citizens of America. Student loans are going to be scarce in the near future. In addition to that, consumers may have to pay more for the checking accounts. If the reports are correct, banks are going to reduce the number of non-interest checking accounts in the country. Most of the banks don’t charge fees for these accounts. However, this situation is going to change soon. Most of the reputed banks are planning to cut down the number of these accounts by a considerable percent. Besides, consumers will not be able to take advantage of free checking option as easily as they used to do earlier.

Read on to know how the consumers may have to spend more bucks for the checking account.

Checking accounts becoming more costly

Go through the following lines to know about the various ways in which you may have to pay more for the checking accounts:

1. Maintenance fees are rising: An increasing number of banks have started charging account maintenance fees nowadays. The sad news is that these fees are increasing day by day. The account maintenance fee has increased to around $4.37 in the year 2011. The financial experts believe that the trend is less likely to change in the coming days.

2. Fewer options to avoid fees: Some banks offer several options to the consumers so that they can avoid paying the monthly fees on the checking accounts. However, the banks have started limiting these options for generating more revenue. Earlier, you didn’t have to pay any fee by maintaining a minimum balance of $249 in the checking account. Now, the minimum balance criteria have increased to $585 in the year 2011.

3. Free checking accounts declines: According to a recent survey, the number of free checking accounts is fast declining. In 2010, the number of non-interest checking accounts for which the consumers were not required to pay any maintenance fee was around 65%. This figure has dropped to around 45% in the year 2011. The financial experts are blaming the new regulations for the drop in the number of non-interest checking accounts. The correct economic condition has also played a major role in this.

4. Debt card fees will be more prevalent: Most debit card companies don’t charge any maintenance fees on the consumers. At present, around 4% of the debit card companies charge sale fee on the consumers. Nearly, 2% of the companies charge a fee for using a debit card. The fact is maximum people are not even aware of these fees. They hardly know how to interpret the account statements.

However, it is expected that the debit card fees will become more prevalent after the Durbin Amendment. So, great ready to pay a fee for carrying the plastic card or transactions.

5. ATM fees are increasing: The ATM fees are increasing for the past 7 years. The fee has increased to $2.40 in the year 2011, an increase of 3% from that of 2010. The ATM fees increases every year, which means consumers have to pay more each year.

3 Tips to avoid paying more for the checking accounts

Here are some tips which you can use to avoid paying more for the checking accounts:

1. Make a direct deposit: One way to avoid paying monthly fees on the checking account is to make a direct deposit. Some banks are not charging any fee on the non-interest accounts when the consumers are making a direct deposit. They are giving this option to the consumers to maintain a healthy relation with them.

2. Check your account statement: Keep an eye on your account statements from time to time. This will help you find out whether or not the bank has started charging any new fees.

3. Switch to credit cards: If the debit card issuer starts charging fees and you don’t want to pay it, then you can switch to the credit cards again. Make timely payments on the cards and take advantage of reward programs.

Finally, if you feel that your bank is charging an excessive fee on the checking account, then you can switch over to another bank. There are some banks and financial institutions that are still charging moderate fee on the checking accounts due to intense competition in the industry.

Get acquainted with the 5 financial tips for the 4th week of September 2011:

Tip no 1 – Let kids be responsible for their own money.

It is best to teach your son/daughter about the money management techniques before reaching adulthood. Make them aware of the value of money. Teach them good financial habits and skills. One easy way to do this is to make them responsible for their own money. This will help them to avoid making costly financial mistakes once they become adult.

For example, you can give a monthly allowance to your son or daughter. Tell your child that he/she has to cover his/her expenses within this amount. You won’t give him/her a single penny till the next month. This will make your child to not spend the money recklessly.

Tip no 2 – Check your credit report after repaying a debt.

Make sure you check your credit report after repaying a debt. For example, if you have settled a past due account, check your credit report and find out whether or not the creditor/collection agency has updated the account status as “Paid as Settled” or “Paid as Agreed“. If you have paid off an account in full, then find out if the account status has been updated as “Paid in Full”. If you have settled a charge-off account, then the account status is ought to be updated as “Settled charge-off“.

If the status of the accounts has not been updated even after repaying them, then ask the creditors/CAs to update them accordingly.

Tip no 3 – Use gas credit cards to save money on gasoline.

These cards have become quite popular these days. Gas credit cards are an effective tool to combat with the rising fuel prices. These cards help you save money on the gasoline purchases. Usually, gas credit cards offer around 2-5% discounts on the gasoline purchases. So, if you drive regularly, then you can take advantage of these cards and get special rebates on the gasoline purchases.

Make sure you shop around before taking out a gas credit card. Opt for a card that offers maximum rebates on the gasoline purchases. You may also go for a card that comes with 0% introductory rate.

Tip no 4 – Show your child how to pay bills.

You should show your child the proper way to repay the bills. Your son will have to make bill payments at some point in his life. So, it is better to show him the right way to pay the bill. You can ask him to write a check for making payment to a creditor. Tell him how to write the check. Ask him to calculate the bill amount before writing the check.

In this Internet era, it will be a mistake to not show him how to pay a bill online. Don’t let him to pay the bill online right way. Ask your child to sit beside you when you are going to pay a bill online. You child can watch and learn the steps to pay bills online.

Tip no 5 – Avoid smoking to attain the best life insurance rate class.

The insurers charge a high premium rate on the smokers than the non-smokers. So, this means that smoking affects your health and wealth in a negative way. The life insurance companies will categorize you into the risk class if you are a smoker. The insurers may increase the premium rate by as much as $100 if they find out that you smoke or use tobacco products regularly.

If you can stay away from smoking for around 1 year, then the life insurance company may regard you as a non-smoker and can reduce the premium rate.