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How to Be Responsible With Money

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Is your goal to live life like your favorite reality TV star, or do you just want financial stability and a luxury vacation every now and then? Whatever your lifestyle goals, you can’t meet them without learning how to be responsible with money.

No one wants to be stuck in debt. The best way to avoid debt is to develop good financial management habits as soon as you start earning money. But even if you’re decades past the point where you started earning money from your first job, improving your money-managing skills can make a difference in your financial situation.

Go over these 15 tips to learn how to be responsible with money, and apply them to your life. Paying bills on time, staying ahead of your expenses, guarding against rainy days and saving money for that once-in-a-lifetime vacation are all goals within reach.

1. Stabilize Your Income

If you’re a young person, get a job. If you’re a working adult, stabilize your income. Obviously, you must have money coming in to improve your skills in managing money. Temporary income, borrowed money and sporadic earnings help in the short term but make it hard for you to meet ongoing financial obligations.

Put underemployment in this same category. You should always try to maximize what you’re paid for your time and skills. If you took a job to pay bills but you’re qualified to do something that pays more, keep working to advance your earnings.

2. Set Financial Goals

Take a few minutes to set some money goals. For example, determine how much it costs you to live for a month at your current level, then make a goal to save at least six to 12 months’ worth of expenses to protect yourself against losing your job or another catastrophe.

You might also set goals for short-term savings, such as putting away $25 a week for an upcoming summer vacation. Goals might also include reducing debt, making a large purchase such as a home or saving for retirement.

3. Educate Yourself

Financial savvy is not something you’re born with. Everyone has to learn how to manage money, and the more interest you take in learning financial responsibility, the less likely you are to develop bad habits that lead to financial ruin. Fortunately, there’s a wealth of information available online and through financial management classes that can help expand your knowledge and raise your money-management skills. Take advantage of these resources to elevate your financial future.

4. Make a Budget

Budgeting is a simple skill that can have a big impact on your financial stability. Basic budgeting involves tracking your expenses so you know where your money is going and can make adjustments as needed. With a budget, you’re less likely to overspend. If you do have a shortfall at the end of the month, you can look back to determine what happened and make different decisions going forward.

5. Save Money

Responsible money management is not just about how you spend money. Saving money is just as important to financial responsibility. Your savings protects you against unforeseen events that can prevent you from paying bills on time or meeting emergencies.

Take advantage of any options you may have for automatic savings. Some banks let you set up automatic transfers from checking to savings to make it easier to save a regular amount each paycheck. Ask your payroll department about adjusting your W-4 to pay a little extra in federal taxes from your paycheck to get a bigger refund every year. These types of automatic savings can be a help if you find it hard to set aside money on your own.

6. Learn About Employment Benefits

Take a moment to look through your employer’s benefit manual. You may be surprised how your employment benefits can help you save money. Some jobs offer a transit allotment, and others have flexible-benefit plans that let you pay for some expenses with pre-tax dollars. The bottom line is that you can’t use your money responsibly if you don’t know about or take advantage of benefits that offer savings.

7. Establish a Credit Profile

Being good with money and having good credit go hand-in-hand. You establish a credit profile with the first line of credit you obtain, so choose wisely. Don’t buy something on credit simply because you can. Evaluate the credit terms, and pick a credit product that’s well within your ability to pay on time.

8. Avoid Expensive Debt

After you establish a credit profile, it’s your job to continue to choose the debt you take on wisely. An interest rate is one of the ways to compare credit products, but other fees and charges can play a role. Avoid expensive debt with high interest rates and excessive fees for things like late payments and overdrafts. If you don’t have ample savings, you may be forced to accept poor credit terms on loans to cover emergencies because you don’t have time to shop around.

9. Monitor Your Debt-to-Income Ratio

It’s not bad to have some debt. Lines of credit in good standing show other lenders you know how to pay your bills on time. As your credit score goes up, more lenders might feel comfortable extending credit to you.

But keep track of your debt-to-income ratio, which compares the amount of debt you have with your gross income. It’s a financial calculation that lenders use to determine if you have enough income to make your current credit payments and if you can afford to take on more debt. Ideally, keep your debt-to-income ratio around 25% or lower.

10. Use Credit Cards Responsibly

Learn to use and not abuse credit cards, and you’re on the road to responsible money management. The credit allotted to you on a credit card isn’t free money. The extension of credit comes with an interest rate that reflects the cost to you of using the credit line.

To make it easier for you to compare the cost of using one credit card over another, credit companies provide you with an annual percentage rate, or APR. Take notice of the APR for the credit cards you use regularly, and use the cards with the lowest APR when you need to make a credit purchase.

Avoid maxing out your credit cards or running high balances on credit card accounts. A high debt load can bring your credit score down, even if you make timely payments. Missing a payment can lead to a poor credit score, which can lead to higher interest rates on future credit or credit rejections.

11. Buy Smart

Use your money wisely. Be a savvy shopper, and take advantage of price cuts and sales. Responsible money management starts with living within your means and refusing to purchase items on credit that you really can’t afford.

12. Check Your Credit Score Regularly

Keeping an eye on your credit score can help you manage your money better by showing you the fruits of your financial activity. It can also alert you if someone has fraudulently accessed a credit account before the situation snowballs. Check two of your credit scores at no charge through Credit.com, and use their free tools to make changes and track progress over time.

13. Avoid Cosigning Credit for Friends and Family

Sometimes to do the best job managing your money, you have to know when not to do favors for family and friends. While it’s always nice to help another person out, keep in mind that any credit application you cosign on behalf of another person becomes part of your credit profile. Ultimately, you may be responsible for paying any outstanding balance if your friend or family member defaults.

14. Avoid Lending Money

Remember the adage, “Never a borrower or lender be?” It can be true wisdom for anyone striving for responsible money management. If you can’t afford to never see the money again, it’s probably best to avoid lending it in the first place.

15. Invest Wisely

Put your savings to work for you with a combination of smart investments that mix levels of risk and return. Make it your business to understand the different types of savings, such as emergency and retirement savings, and position your money to meet goals in each area.

Credit.com contains a wealth of information and free tools to help you learn how to manage money responsibly and meet your personal goals. Take advantage of Credit.com’s credit repair resources to learn how to improve your credit profile for a brighter financial future.

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Credit360 Now Providing Credit Repair Services in Orlando

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One of the nation’s finest in personal and business credit solutions has expanded its services in Florida.

MIAMI, FLORIDA, UNITED STATES, October 23, 2020 /EINPresswire.com/ — Representatives with Credit360 announced today that it is now providing credit repair services in Orlando.

“We are very excited to now offer our life-changing services in Orlando,” said Andre Coakley, Founder & CEO of Credit360, a company with an elite team of credit experts that know exactly what techniques will assist individuals and businesses with increasing their credit scores to meet their goals. “We are here to help you achieve your optimal credit profile by making the credit repair process convenient, individualized, and effective.”

Credit360’s specialized credit repair processes, credit expertise, and guaranteed customer service, company representatives say, make it the best in the industry.

Coakley explained that Credit360 has had the opportunity to help thousands of Americans correct their credit reports. In fact, Credit360, Coakley stressed, is a company that puts its money where its mouth is and only charges a fee when items are deleted, removed, or repaired from individuals’ credit reports.

“With our services, you will no longer have to use other expensive credit repair companies that charge monthly and don’t even produce results,” Coakley promised, before adding, “We are so confident in our advanced disputing tactics that we will allow you to pay for your deletions after you actually see our results and we even give you a 100 percent money-back guarantee to back it up just so you can relax.”

Coakley went on to reiterate that Credit360 is an elite team of credit experts that know exactly what techniques will assist customers with increasing their credit scores to meet their goals.

“With our services, most of our clients see deletions within the first 45 days of enrollment and usually see an average increase of 93 points throughout their program cycle,” Coakley said.

For more information, please visit https://www.credit360.biz/about-us and https://www.credit360.biz/blog.

###

About Credit 360

Credit360 was established to assist individuals in restoring their personal credit and in offering a complete line of business credit solutions. Credit360 is a financial services firm specializing in credit restoration and business consulting services.

Contact Details:

Andre Coakley

10664 SW 186th Street
Miami, FL 33157

Phone: 305-235-4848

Source: Credit360 Credit Repair

Andre Coakley
Credit360 Credit Repair
+1 305-235-4848
email us here
Visit us on social media:
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Credit Saint Credit Repair Review

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Today’s credit repair industry is full of paid services, some more expensive than others. Credit Saint clearly falls under the more expensive category, with initial work fees reaching an astounding $195 for premium-tier service. But is the cost worth it? In our review, we’ll break down package options, service guarantees, and more to help you decide.


Pros Explained

  • Choose from three credit repair plans: Pick the package and price that makes the most sense for your personal situation.
  • Most packages include credit monitoring: Two of Credit Saint’s three plans include Experian credit monitoring.
  • Offers a 90-day money-back guarantee: If Credit Saint is unable to remove any inaccurate items from your report in the first 90 days, you’ll get all your fees refunded.

Cons Explained

Types of Services

Credit Saint’s services are packaged into three membership levels that vary, depending on how aggressive you need to be in order to remove inaccuracies from your credit report. This is beneficial as it lets you choose a customized plan that matches your needs without overpaying for services you don’t want.

Credit Polish

The entry-level credit repair plan from Credit Saint includes five disputes of inaccurate information on your credit report per month. These can be applied to any type of information except hard inquiries, which are only covered by upgraded plans. You’ll also get an initial credit score analysis and an ongoing credit score tracker to keep an eye on your progress. Both are accessible through a client web portal.

Credit Remodel

Credit Saint’s mid-tier package includes everything included in the Credit Polish plan with a few extras. You’ll get twice as many credit inquiries; 10 are included per month, and you can use these to have inaccurate hard inquiries addressed. The package also includes Experian credit monitoring.

Clean Slate

The most aggressive credit repair plan offered by Credit Saint is also the only one that includes unlimited disputes every billing period. With this membership, you can also ask the company to send cease and desist letters on your behalf. This can be a solution to stop unwanted phone calls related to accounts currently in collections. Of course, you’ll also have access to all services included in the Credit Polish and Credit Remodel packages.

Getting phone calls about unpaid debts you can’t afford to repay can be stressful and frustrating. Many credit repair companies advertise cease and desist letters as a way to legally prevent lenders and collections agencies from continuing to make contact. While this might sound like an easy solution, it’s not quite that simple. Once these companies can no longer contact you, they may jump straight to filing a lawsuit. Make sure you discuss both the pros and cons with your credit repair company before allowing them to send cease and desist letters on your behalf.

  Credit Polish Credit Remodel Clean Slate
Monthly disputes 5 10 Unlimited
Credit score analysis
Credit score tracker
Hard inquiry disputes  
Experian credit monitoring  
Cease and desist letters    

Optional Add-ons

Some credit repair companies make supplemental services available in the form of optional add-ons. Since Credit Saint packages all of its solutions into a range of all-inclusive plans, the company doesn’t offer any further options to tailor services.


Customer Service

Credit Saint customers can get ahold of the company via phone or email, although hours are more flexible than most competitors, with phone lines open from 9 a.m. to p.m. EST on weekdays. If you need help outside of these hours, you can also log into the Credit Saint customer portal 24 hours a day. Here, you’ll find your credit score tracker and initial score analysis for easy reference.


Company Reputation

Former Credit Saint customers give the company average ratings with some mixed reviews. The company has an A rating with the Better Business Bureau, although more than 35 complaints are on record and the average review score sits at just 2.67 stars. With that said, there are no complaints recorded with the Consumer Financial Protection Bureau, and Google customer ratings are decidedly better with an average of 3.9 stars.

While online reviews should sometimes be taken with a grain of salt, they can be useful in spotting trends among former customer opinions. Many of Credit Saint’s positive reviews make note of exceptionally friendly customer service agents. On the other hand, the most common complaint comes from customers who say the company didn’t fulfill its 90-day money-back guarantee.

If you have a complaint about the services of a credit repair company, you can file a complaint with the FTC or call 877-FTC-HELP.


Contract Duration

Since Credit Saint doesn’t lock customers into contracts, all services are offered on a month-to-month basis, allowing you to cancel anytime without penalty. All you need to do is contact a representative via phone or email to request a cancellation before your next billing date.

One of Credit Saint’s most unique points of attraction is its 90-day money-back service guarantee. According to this promise, the company vows that if it is unable to remove a single negative item from your report within the first 90 days of service, you can ask to have all fees paid up to that point returned.

Customer complaint data shows that many former Credit Saint clients have been unsuccessful in collecting a 90-day refund they felt they deserved. Before signing an agreement with Credit Saint or any credit repair company that advertises a service guarantee, make sure you get a clear explanation in writing of the exact results you can expect by which date. This can help eliminate uncertainty should you need to ask for your money back.


Cost

There are two components to Credit Repair’s pricing structure. The first is an upfront fee that covers the initial work period, including an in-depth review of your credit report and an initial credit score analysis. Then, ongoing services are charged on a monthly basis according to the plan you selected.

This fee structure is fairly standard for the credit repair industry, although fees are markedly higher than average. The $195 first work fee for the Clean Slate plan is the highest we came across in our reviews of more than 15 credit repair companies.

  Credit Polish Credit Remodel Clean Slate
First work fee $99 $99 $19
Monthly fee $79.99 $99.99 $119.99

The Competition: Credit Saint vs. The Credit Pros

Our review of the credit repair industry found Credit Saint to be one of the most expensive paid credit repair options currently available. To see whether the cost is worth it, we compared Credit Saint to The Credit Pros, the competitor with the most similar pricing structure.

Like Credit Saint, The Credit Pros offers three tiered service packages, although the latter also makes a non-credit repair option available that includes just credit monitoring for $19 per month. Each company offers a similar array of services across their three core plan levels, but The Credit Pros makes more services available at lower tiers. For example, the cheapest plan includes credit monitoring, which Credit Saint only offers with upgraded packages.

The Credit Pros also includes several services with its plans that Credit Saint doesn’t provide at all. These include identity theft monitoring, financial planning tools, and a prescription medication discount program. Overall, we’d consider The Credit Pros a better value.

  Credit Saint The Credit Pros
Year Founded 2004 2009
Services Offered Credit repair, monitoring Credit repair, monitoring, identity theft protection, financial planning
Customer Service Touchpoints Phone, email, client portal Phone, email, client portal
Upfront Fee $99 to $195 $119 to $149
Monthly Fee $79.99 to $119.99 $69 to $149


Verdict

Credit Saint’s graded packages let customers choose their own approach to credit repair at a price point they feel comfortable with. The company includes more services than most competitors, offering in-house credit monitoring and the option to send cease and desist letters to debt collectors. With that said, the service offering falls short of justifying Credit Saint’s sky-high prices. The good news is that a customer-friendly money-back guarantee means you won’t be at a total loss should you agree to these fees and fail to get results.



How We Review Credit Repair Companies

Our credit repair reviews take an extremely critical look at the credit repair industry, one that is notorious for leading customers astray with false promises and overpriced services. We assess the quantity and quality of services offered by each company, including their credit repair solutions and additional services like credit monitoring and debt management. We compare these services to listed prices to determine value, rewarding any companies that protect customers with a money-back service guarantee. Finally, we take a deep dive into customer review data and analyses from third parties like the Consumer Financial Protection Bureau and the Better Business Bureau.

Learn more: Read our full Credit Repair Review Methodology here.




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Comprehensive Research in Global Debt Consolidation Market 2020-2026

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DMR

Global Debt Consolidation Market Research Report presents the overview and in depth study of worldwide Debt Consolidation Market for achieving throughout understanding and business intelligence of the market with the Financial & Industrial Analysis of key players, companies, region, types, applications and its future scope in the industry till 2027.

The Debt Consolidation market revenue was valued at xx.xx Million USD in 2020 and it is expected to reach xx.xx Million USD in 2027, with a CAGR of x.x% during 2020-2027. Based on the Debt Consolidation industrial chain, this report mainly elaborates the definition, types, applications and major players of Debt Consolidation market in details.

Get Sample Brochure(PDF) of Debt Consolidation market at: https://decisionmarketreports.com/request-sample/1389314

Deep analysis about market status (2014-2020), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2020-2024), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included.

From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Debt Consolidation market.

The Debt Consolidation market can be split based on product types, major applications, and important regions.

Major Players in Debt Consolidation market are:
• Mozo
• Canstar
• Credit Repair Australia
• Australian Debt Agreements
• Think Money
• Debt Negotiators
• The DCS Group has
• Debt Cutter
• Sort My Debt
• Clear Credit Solutions
• Australian Debt Solvers
• Australian Lending Center

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Most important types of Debt Consolidation products covered in this report are:
• Credit Card Debt
• Overdrafts or Loans
• Others

Most widely used downstream fields of Debt Consolidation market covered in this report are:
• Enterprise
• Private

Major Regions that plays a vital role in Debt Consolidation market are:
North America
Europe
China
Japan
Middle East & Africa
India
South America
Others

regional_analysis

Request to Purchase the Full Debt Consolidation market report at: https://decisionmarketreports.com/market-reports/1389314/global-debt-consolidation-market/single-user/checkout

There are 13 Chapters to thoroughly display the Debt Consolidation market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.

Chapter 1: Debt Consolidation Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.

Chapter 2: Debt Consolidation Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market

Channels and Major Downstream Buyers.

Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Debt Consolidation.

Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Debt Consolidation.

Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Debt Consolidation by Regions (2014-2020).

Chapter 6: Debt Consolidation Production, Consumption, Export and Import by Regions (2014-2020).

Chapter 7: Debt Consolidation Market Status and SWOT Analysis by Regions.

Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Debt Consolidation.

Chapter 9: Debt Consolidation Market Analysis and Forecast by Type and Application (2020-2024).

Chapter 10: Market Analysis and Forecast by Regions (2020-2024).

Chapter 11: Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.

Chapter 12: Market Conclusion of the Whole Report.

Chapter 13: Appendix Such as Methodology and Data Resources of This Research.

About Us
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.

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