Welcome to Necessary Virtues Personal Finance Resources! We offer a rich variety of free resources about personal finance, including the Debt Flushers debt reduction calculator (under development), plus helpful articles and e-books. We are continuing to add to these resources. If you have a personal finance question and can’t find the answer here, please leave a comment to this post. We’ll try to find it for you.

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by John Edmond

This may come as a surprise but if you only ever pay the minimum repayment on your credit card it will take you over 20 years to get out of credit card debt!

Borrowing long term on a credit card not a sensible way of managing money but millions of card holders are doing it every month. Here are seven ways to help you get out of credit card debt fast.

1. Don’t use credit cards to buy everyday things.

In the past I, like many people, have bought my monthly shopping and paid utility bills on my credit card. At the end of the month instead of clearing the balance I’ve paid the minimum or maybe just a little bit more.

Six months later I’m still paying for groceries that were consumed months earlier and instead of working to get out of credit card debt I’m getting deeper and deeper into debt.
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by John Edmond

What you are about to read may make you reassess your attitude to zero interest balance transfer offers. I will show how these balance transfer offers are pushing more and more people into serious financial difficulties and I will suggest a few ideas on how you can manage your debt better.

Credit card debt is rising at an alarming rate and many people are now getting into serious financial difficulties. One of the reasons is the promotion of no interest balance transfer offers and interest free initial periods.

Like most people, I’ve been tempted by the these offers to change my credit cards. I’ve taken them up on their offer and moved my credit card debt and, for a limited time, had no interest to pay. But “just in case of an emergency” I usually hang onto my old card.

Then something happens, an unexpected bill, or a wedding or birthday gift I’ve forgotten about. “Never mind” I tell myself “I can put it on the old card - there’s plenty of credit on there so it’s no problem.”

A few months and a few unexpected bills later the interest free period runs out I have to pay interest on both my new card and the old card. Now I’m worse off than when I started but that’s no problem as I can look for another card offering another interest free period and zero interest balance transfers.

It’s so easy and the banks and credit card companies are so eager to lend the money that it becomes routine, until that is, something goes wrong. You could fall ill and be off work, or, you could lose some overtime and your wages fall, or maybe that big deal you were relying on falls through.
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by Vicky White

Your prosperity is directly related to the flow of energy in your environment. Clutter creates stagnant energy flow and prevents abundance from flowing to you.

Clutter is anything unfinished, unused, unresolved, tolerated or disorganized. Clutter is emotional constipation!

Letting go of something that no longer makes your heart sing, can mean letting go of a person, or something no longer relevant in your life. It can be part of a process of grieving, enabling you to move into your present and future.

Everyone has their own patterns of attracting abundance and blocking it. Do you recognize any of these?

1. Physical Clutter - Clutter is dead, stagnant energy and will block the flow of energy in your life. The energy that flows around your home and office is like a river, bringing abundance and fortunate blessings in all areas of your life. When it comes across a pile or something you are tolerating it will get bogged down.

Ask yourself: Do I love it? Do I use it? Does it make my heart sing?
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by Oyvind Hennum

Many of us do not consider the underlying belief system about money to be of any importance. You think it does not matter because what matters is what you do now—right at one level but not complete.

All ideas that we have learned about money in the past are coloring our actions today.
These are ideas that you are unconsciously following because you are not aware of them.

It may be: "money is bad," "there is never enough money," "money does not grow on trees," etc. The list is long and painful to read when you realize that this is actually a part of you.

I was thinking: How come these beliefs are so strong? Why am I blocking myself from financial freedom? I have been working on myself for six years now, and the beliefs are still there!

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by Carmellita Brown

Is it possible for someone to fear abundance? Who would not want to live the abundant life?

Polarity is a universal law. The law of polarity contends that everything has its polar opposite. The scales of life assures the existence of polar opposites. In conjunction with the Law of Rhythm, everything returns where it begins. Like a pendulum swinging, this is life. Meaning those things that begin with great expectations manifest greatness. Those things that begin with the purpose for serving humanity and the greater good manifest as beacons of light.

Everyone who researches the field of human potential, human development, personal development, religion, philosophy…at some point crosses the concept of a human emotion often called fear. It is comfortable for us to talk about the fear of poverty, however, we ignore our fear of abundance.

The reality is, if you fear poverty, then you fear its polar opposite–abundance. If you fear poverty you fear wealth and abundance. All these fears congest our lives and we are literally paralyzed.
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by Julie Plenty

When you hear the words “abundance” and “prosperity”, what immediately comes to mind?Is it money, fulfilling relationships, a lovely house to live in, peace of mind, a career/vocation that expresses your gifts?

It may be all or none of those things. It may mean something else to you. But if you want to attract more prosperity and abundance into your life, no matter how you define them, then this articles outlines 5 key ways to do so.

1. Understand Attraction Law

This is better known as the Law of Attraction, as defined by Abraham Hicks, states that “you attract whatever you give your attention and energy to, whether wanted or unwanted”.

So, if you’re curious about what youre putting out there, look at what you are attracting, the visible results in your life. Knowing about and working with the the Law of Attraction will help you in manifesting, creating and attracting more abundance and prosperity in your life. Once you understand it, theres no turning back.
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by Steve Diamond

We’re stressing two parallel streams of content on this site.

1. Nuts and bolts details about debt reduction, credit cards, budgets, and so on.
2. Equally specific information about the mental and spiritual habits and exercises that open your life to abundance and prosperity.

I know that many folks tend to concentrate on the first without paying much attention to the second. They think they’re being “practical” rather than “head in the sky.” I think it doesn’t work that way. When you ignore the effects of your thoughts on your circumstances, you’re creating a divided life, one where you’re apt to be confused about why things just aren’t going according to your plans.
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by Gary Vurnum

She sat there dumbstruck.

Here we go again, I thought.

Suddenly a high pitched cackle came from her mouth as the ride went sharply up…then back down again.

She was only four - and she loving every single minute of it. Where else could you pay only a dollar to get a reaction like that, I wondered?

It may have only been one of those little child rides in a shopping mall, but to Katie - it was the most exciting thing she had ever done!

Now - two years on - and her laughs come from repeated viewings of Harry Potter. She knows exactly who’s going to say what next - and yet she still covers her eyes at the scary bits and cheers as Harry Potter wins!

Isn’t it a shame that we can’t bottle the enthusiasm we have as children?

When was the last time YOU got really excited about something?
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by Steve Diamond

Do you have a manageable debt problem? Maybe a life event, like temporary job loss or sickness, may have put you a bit behind on your payments. Or maybe you just let your small debts add up to the point that you feel they may be getting out of control.

If this sounds familiar, then you need to take action now. Follow these four easy steps, and you’ll soon be back in control.

Step 1. Stop accumulating new debt!

This is the first and most important step. If you keep charging, you will dig yourself a deeper hole. If you can’t take this step, you may as well stop reading now. The rest of this article will not be helpful.

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