Welcome, visitor! [ Login

Post an Ad

Tips to decreasing your expenses:

Financial recovery April 27, 2022

Tips to decreasing your expenses:

  • Develop and follow a spending plan whereby you reduce your spending and credit card use.
  • Reduce the number of times you eat out at a restaurant or avoid eating out.
  • Become a more conscientious shopper (e.g., make a list and stick to it, purchase only necessary items, purchase items when they are on sale, use weekly sales fliers to make a grocery list, only use coupons if you normally use the item and if you can actually save money since generic items may cost less than the brand name item with the coupon, and shop for clothing or household items at thrift or consignment stores).
  • Avoid stores and shopping for fun, unless you have complete sales resistance and really can just window shop. Also consider removing temptation by spending time reading, playing games, or being outside instead of watching television and being influenced and tempted by the advertisements.
  • Purchase only items that you need, not what you want. This may also include cutting back on or eliminating extra expenses (e.g., dining out, vacations, movies, sporting events, car washes, cable/satellite TV or extended packages including movie channels, and private schools for your children).
  • Reduce your utility bills (e.g., downsize or get rid of your cell phone, cable TV, or satellite plans; conserve energy and water; eliminate extra telephone services, including caller ID and call waiting; or close your land line account if you regularly use your cell phone) .
  • Contact creditors to negotiate a lower interest rate or monthly payment.
  • Use local, state, or national assistance programs to help with food and utility costs.
  • Shop around to get the best deal on big-ticket items (e.g., cars, appliances, insurance, loans, child or elder care; and cell phone, Internet, and cable or satellite plans). Remember, you have control over some of these expenses before you sign the initial agreement and they become fixed expenses.

No Tags

685 total views, 1 today

  

  • Debt Collectors -Recovery Services- MA

    by on June 20, 2022 - 0 Comments

    Entity Address Telephone Bonded Collection Corporation 49 Winter Street, Weymouth, MA, 02188 (312) 279-8300 GC Services Limited Partnership  GC Services 5230 Washington Street, West Roxbury, MA, 02132 (405) 621-6414 Western Mass Credit Corp. 70 Post Office Park, Suite 7011, Wilbraham, MA, 01095 (413) 596-9977 United Collection Bureau, Inc. 15 Union Street, Lawrence, MA, 01843 (419) […]

  • Debt Collection FAQs: A Guide for Consumers

    by on June 29, 2022 - 0 Comments

    Debt Collection FAQs: A Guide for Consumers If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from […]

  • Credit Counseling & Auto and Home Loans

    by on July 28, 2022 - 0 Comments

      Credit Counseling   If you aren’t disciplined enough to create a workable budget and stick to it, can’t work out a repayment plan with your creditors, or can’t keep track of mounting bills, consider contacting a credit counseling service. Your creditors may be willing to accept reduced payments if you enter a debt repayment […]

  • Job Scams: Work-at-Home Schemes

    by on June 14, 2022 - 0 Comments

    Work-at-Home Schemes Be part of one of America’s Fastest Growing Industries. Be the Boss! Earn thousands of dollars a month from home! Ads like this are everywhere — from the telephone pole on the corner to your newspaper, email and favorite websites. The jobs might be different, but the message is the same — start […]

  • Important Questions to Ask When Choosing a Credit Counselor

    by on August 1, 2022 - 0 Comments

    Important Questions to Ask When Choosing a Credit Counselor It’s wise to do some research when choosing a credit counseling organization. If you are in search of credit counseling to fulfill the bankruptcy law requirements, make sure you receive services only from approved providers for your judicial district. Check the list at www.usdoj.gov/ust/eo/bapcpa/ccde/cc_approved.htm or at […]