How to Pay Off Debt: Have a Financial Game Plan

USNews.com featured the story of how Deacon and Kim Hayes got rid of their debt, all thanks to their financial game plan. The couple had a total debt of $52,000 - $18,000 for car loans, $27,000 for student loans and $7,000 for credit card balances. They failed to see that they were already in financial trouble, but after listing the necessary numbers, they realized the need to pay off their debt quickly. Different situations call for different ways on how to pay off debt. The Hayes stuck to simple strategies such as getting a second job and making a lifestyle change to cut down on expenses. After just 18 months, Deacon and Kim are now free from their $52,000 debt. While they still have mortgage to pay off, it's clear that the strategies they came up paid off. While simple strategies help, those who find themselves in deeper financial difficulties could seek help from financial experts like USEFS to create a financial plan that will get rid of debt.

http://usefs.com/industry-news/how-to-pay-off-debt-quickly-through-your-financial-game-plan/

Financial Planning: Even Royal Families Need It

UK's future king has finally arrived! While Prince George Alexander Louis has plenty of time before he takes the throne, William and Kate need to prepare for his future. And even though members of the royal family have millions in their accounts, there are still financial concerns that need to be handled. USAToday.com writer Hadley Malcolm pointed out that it doesn't matter whether you're part of a middle class family or someone of royal blood. Financial planning for a child is a must. The US Department of Agriculture reported that the costs of raising a child until he turns 17 totals at $235,000. Most parents only think about the bigger costs, such as college tuition and health care, and pay little attention to the costs of diapers, milk and other “small” expenses that can add up to a sizable fortune. With this in mind, parents must learn how to budget and properly allocate funds, both for everyday essentials and savings for future use, to avoid financial problems down the line.

http://usefs.com/industry-news/welcoming-the-royal-baby-nows-the-time-for-some-financial-planning/