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National Foreclosure Mitigation Counseling in ILLINOIS
Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, […]
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Why Develop a Financial Recovery Plan?
Develop a Financial Recovery Plan
Why Develop a Financial Recovery Plan?
A financial recovery plan will help you determine strategic ways you can:
• Save money
• Pay your bills
• Reduce or eliminate your debt
Your financial recovery plan should include:
• Financial goals
• A spending plan to meet these goals
To reach your financial goals, it is extremely important to involve all family members, including older children, in determining how you might increase your income or decrease your expenses to meet your financial goals.
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