Christian Debt Consolidation Programs and Money Saving Tips
There are many Christian debt consolidation programs to choose from in the world of debt consolidation. The hardest part is choosing the one that will benefit you the most. Here are some tips on what to look for when you are seeking the right consolidation program.
Tip 1 – When you are looking for Christian debt consolidation programs, make sure that the company you use has a solid reputation. Check if they are in the (BBB) Better Business Bureau.
Tip 2 – Ask if the company charges fees for you to consolidate your debt. Do they have any out of pocket fees? Basically, how does the company get paid to help you?
Tip 3 – Ask friends if they have ever used the company you are choosing and what is there opinion about the services they received.
Tip 4 – What kind of interest rates, payment, terms, and payment amount is required of you? You want to make sure you are paying less with a lower interest rate then you are now for the debt you want to consolidate.
I thought you might want to consider the examples below of what to do with the extra money you now have from consolidating your debts.
Example A - Add the money toward the debt, so you can get out of debt faster. See debt options for examples of getting out of debt.
Example B – Build upon your savings so you will have money for your emergency fund.
Saving Money The Easy Way
Saving money is a great thing to do. The old saying of “Save some money every time you get paid” is a great theory. Unfortunately, not many people listen to this theory. Below are examples of saving money with just a little effort.
Here is an example of this in a simple way.
Week 1 = $50 saved.
Week 2 = $50 saved.
Paycheck middle of the month = $100 saved.
Week 3 = $50 saved.
Week 4 = $50 saved.
Paycheck at the end of the month = $100 saved.
$200 a month is now saved!
In Six months $1200 saved.
In One year $2400 saved, from saving $50 a week!
In Two years $4800 saved, from saving $50 a week!
Wow, almost $5000 within two years!
What would you be able to do with an extra $5000? Almost anyone can do this. If a person cannot save $200 per month, then a person should save what they can. It all adds up to something. It just takes time for the money to add up!
Here is another example of this with a less amount of money.
Here is what the money would look like broken-down:
Week 1 = $25 saved.
Week 2 = $25 saved.
Paycheck middle if the month = $50 saved.
Week 3 = $25 saved.
Week 4 = $25 saved.
Paycheck at the end of the month $50 saved.
$100 a month is now saved!
Keep doing this and you will have $1,200 saved in one year and $2,400 in two years. This is from saving just $25 a week!
As you can see from the examples above that saving money is very important. Once you search for your Christian debt consolidation programs and find the one you like you now have some ideas where to put the extra money you will have. With this extra money, you can now start to build upon your emergency fund.
Debt Consolidation Articles
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