• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

National Debt Relief

National Debt Relief - A+ BBB Accredited Business - Get Relief From Credit Card Debt, Medical Bills And Unsecured Loans

Talk to a debt counselor toll free:

800-300-9550

Get Relief From Credit Card Debt

Medical Bills and Unsecured Loans

  • Apply Now
    • Qualifications
    • Is This Right For Me?
  • Proven Results
    • Debt Relief Benefits
    • Credit Card Debt Relief
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Login
HomeBlog BlogManage Your Personal Finances – 5 Strategies to Save Money
Video Transcript

Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
  • National Debt Relief, LLC BBB Business Review
  • McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Manage Your Personal Finances – 5 Strategies to Save Money

January 18, 2013 by National Debt Relief

save money signHaving money salted away in savings account ready to pay for an emergency or that special vacation can be a wonderful feeling. In fact, the only way that you can really feel secure about your life is if you have the equivalent of six months’ salary tucked away in a savings or money market account or certificate of deposit. But where would this money come from?

1. Have a goal

The first and most important strategy to save money is to write down some short- and long-term goals. Your short-term goals should be ones you can expect to achieve in a year or less. Your long-term goals would be those that would require five years or longer. For example, a short-term goal could be to get that six months’ worth of earnings in a savings account as this is something you could likely achieve in a year or less. Long-term goals could be to cruise around the world, buy a house, or save for a great retirement.

Why having goals is critical

The reason why it’s important to have goals is because it’s almost impossible to create and stay on a budget without them. Goals are what keep you motivated. If you can see each month that you’re closer and closer to realizing one of your goals, this can be a powerful stimulus for staying on your budget.

2. Make a budget

Speaking of which, the second key strategy in personal finance management is to make a budget. To do this, you’ll need to first track all of your spending for probably a month. Once you see where your money is going, you should be able to find those areas where you can make cuts and free up money to tuck away in your savings account.

3. Pay cash

A third important strategy is to shred all of your credit cards save one and pay cash for everything. You can have one credit card available to use in the event of an emergency or to pay for a larger purchase when you don’t have enough cash with you. However, don’t use it to buy something unless you know you can pay off your balance at the end of the month.

4. Join a warehouse club

Join a warehouse such as Sam’s Club or Costco and buy all of your food there except for fresh fruits and vegetables. You should be able to get these at your local supermarket at roughly the same price as you would pay at a warehouse store. However, these stores are great for stocking up on those everyday items such as paper towels, toilet paper, laundry and dishwasher detergent and canned goods. If you have the space, try to buy several months’ worth of these items at once. You’ll save money on them and on gas by making fewer trips.

5. Get bids on your homeowner’s insurance

Most Americans buy homeowner’s insurance, tuck away their policy and forget all about it. In fact, most Americans don’t even see how much they’re paying for their homeowner’s policy because their mortgage payment is PITI or payment including taxes and insurance. Don’t make the mistake of letting your policy just sit there. Take it out, jot down your limits and deductibles and then ask for quotes from five or six different companies. You may be shocked at what you learn and how much you could save simply by changing carriers.

A sixth strategy: Ditch that credit card interest

Do you know how much you’re paying each month just in interest charges on your unsecured debts such as credit card debts? It may be as high as hundreds of dollars – if you’re deeply in debt. You can turn those excessive interest charges into just one affordable monthly payment through debt settlement. It’s helped thousands of American families save money and become debt free in 24 to 48 months. Call us today to learn how you could ditch that credit card interest and use the money for something that would actually enrich your life.

Do you qualify for debt consolidation?

National Debt Relief
National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

Follow National Debt Relief: Facebook Twitter Instagram Linkedin

Primary Sidebar

Consolidate Your Debt!
Find out how NDR could help.
  • Get one low monthly payment
  • Avoid bankruptcy
  • Get out of debt in 24-48 months
Get Your Free evaluation
Free Debt Consolidation Quote
By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
 Trusted By Our Clients

"Debt Relief"

Called and Roger Gall was so helpful. He made me feel comfortable talking about my financial debt. Roger asked me questions and filled out the necessary paperwork so that all I had to do was electronically sign. Thank you so much. This has lifted a huge burden off my shoulders.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Martha Shadle
ConsumerAffairs Reviews

Latest Blog Posts

  • How To Write The Perfect Salary Negotiation Email
  • How To Go Back to School as an Adult
  • Is It the Right Time to Ask for Raise?
  • How To Turn A Summer Gig Into A Full Time Job
  • Debt Consolidation: 7 Tips on How to Pay Debt Off
National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Consumers Advocate Trust Pilot
Company
  • About Us
  • Contact Us
  • Blog
  • Careers
  • Corporate
  • Privacy Policies
  • Terms Of Site
  • Disclaimer
  • Sitemap
Products
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Debt Settlement
  • Calculators
  • FAQs
Debt Resources
  • Credit Card Debt
  • Medical Debt
  • Personal Loan Debt
  • Unemployment
  • Divorce Debt
  • Retiree Debt
  • Veteran Debt
  • Business Debt
  • Personal Finance
Follow Us
  • Facebook
  • Twitter
  • Linkedin
  • Instagram
  • Pinterest

© 2021, National Debt Relief, All Rights Reserved.

Disclaimer
Disclaimer
Disclaimer