Debt Consolidation and Other Money Management Tips

Jeanne McTaggartDebt Consolidation

debt consolidation

Keeping your financial strategies as simple as possible can give you an edge. When your money is easier to manage, you are more likely to stay on track with paying bills on time, saving and getting out of credit card debt. Debt consolidation is one way to simply your finances, but there are other strategies you can employ as well. According to a piece by Business Insider, a simple financial life often leads to a secure financial life. To streamline your finances, consider engaging in Christian credit counseling with a reputable agency with a proven track record for helping consumers get out of debt. A trained and certified credit counselor will help you manage your bills with a Debt Management Plan that rolls all of your credit card bills into one monthly payment.

Consider auto pay

If possible, set up your monthly Debt Management Plan payment so it automatically comes out of your checking account each month. That way you never have to worry about a late or missed payment. When it comes to your other bills such as utility bills or car payment, put your bills on auto pay. Automating your finances also comes into play with retirement accounts. You can have money automatically deducted from your paycheck and saved into a retirement account.

Consolidate your credit cards

According to Business Insider, another great way to simply finances is to consolidate credit cards and bank accounts. Through an agency such as Christian Credit Counselors, you can consolidate not only credit card but also medical and unsecured debts. It’s also smart to get rid of dozens of different bank accounts. Instead of trying to keep track of multiple accounts, pick one or two that provides you with everything you need.

Budget with different programs

Be as creative and high-tech as you want with your budgeting. From phone apps and financial blogs to financial calculators and financial software packages, the different tools for budgeting has grown dramatically in the last few years. By enrolling in on-line banking, you will better monitor your spending.

If you don’t have time to make all the changes to your finances now, set up reminders on your electronic calendar or simply write your financial goals and plans. Contacting Christian Credit Counselors can help you get started implementing your plans for debt consolidation and budgeting. At Christian Credit Counselors, we encourage people who feel overwhelmed with credit card debt to find peace of mind through a Debt Management Plan that makes managing finances easier. Many clients get out of debt 80 percent faster with our methods.

Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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