When you are drowning in debt, it is so hard—maybe impossible—for you to take advantage of many of the luxuries we have access to here in America. Maybe you started out in luxury, living outside of your means. But now have more debt than you can handle and are wondering how your next paycheck will even cover your bills. Receiving credit counseling could be a great option for you. Christian Credit Counselors is a non-profit organization that wants to help get you on the right track so you can pay off your debt and start paying for the things you need to and want to be paying for that you haven’t been able to. Here is a list of the top 5 things you could do after receiving credit counseling.
Pay off debt. This is a huge one. It may take a few years but it will take a lot less time if you consolidate your debt and start paying a lower interest rate.
Build your savings. Any smart person has an emergency fund of savings for those times when things just come up. The bigger the emergency fund, the fewer life events will seem like emergencies.
Start saving for retirement. Hopefully you have already been doing some of this but if not, after paying off debt it is time to start! Set yourself up for a successful future.
Save for your kids. Many parents like to have a college fund for their kids so they don’t have to start off their careers in debt. With college costs continually on the rise, your children will be thankful for whatever you can give them.
Actually have some fun! Once you don’t have debt looming over your head, you can save money for vacations, that new camper or boat you’ve been eyeing, or whatever else your heart desires.
If this sounds like a distant dream to you, contact us today at Christian Credit Counselors. We can turn this dream into a reality.
