• Skip to primary navigation
  • Skip to 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

  • Services
    • Debt Settlement
    • Debt Relief Benefits
    • Qualifications
    • Is Debt Settlement Right For Me?
    • Debt Help By State
    • Debt Relief FAQs
      • How Debt Relief Affects Your Credit Score
    • Free Budget Planner Worksheets
    • Free Debt Calculator
  • Options
    • Debt Relief
    • Bankruptcy
    • Credit Card Debt
    • Debt Consolidation
  • About Us
    • Who Is National Debt Relief?
    • Accreditations
    • Proven Results – Debt Settlement Letters
  • Contact Us
    • Apply Now
    • Contact Us
  • Client Login
  • Careers
HomeBlog Debt ReliefYour Answer Just Might Be … A Budget
Video Transcript

Free Debt Relief Quote

  • 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

Your Answer Just Might Be … A Budget

May 27, 2013 by National Debt Relief

Tweet
Share
Pin6
Share
Reddit
6 Shares

Hands of woman making a budgetDo you consistently run out of money before you run out of month? Are you struggling with debt? Are debt collectors harassing you? Do you feel as if your finances control you rather than you controlling your finances? Then your answer just might be … a budget.

Why a budget?

Every company in America has a budget. It’s the only way they can know where they stand financially. The same is true for us consumers. The only way we can know where we stand financially, where our money is going and how to control our spending is with a budget.

It’s not rocket science

Making a budget is not rocket science. All that’s required is that you track your spending for about a month and then organize it into categories. Of course, you could be shocked at what you learn. You might have been coasting along, thinking that you’re spending only a hundred dollars or so a month on entertainment only to find it’s costing you more than $300 a month.

How to make a budget

Once you know where your money is going by category, it’s relatively easy to make a budget. You could do it on a spreadsheet, on your computer or with your smart phone. There are a number of programs and apps that make budgeting just about drop dead simple. One program that’s available for use on your home computer or smart phone is called Mint.com. It will not only help you create a budget but can show you exactly where you stand financially at a glance. If you go over budget in any category, it will even send you an alert by email.

Other apps

In addition to Mint, there is PageOnce Money & Bills, Duck Software’s Budget Tracker, Xpenser, PowerWallet and many more. Most of these apps are free or cost less than two bucks. Many work on both the iPhone and Android-based phones. All you really have to do is go online, search “budget apps” and then choose the one that would seem to best meet your needs.

Where to make cuts

Learning where your money is going is only half the battle. The next step is to see where you can make cuts to get your spending and finances back under control. Of course, the first step is to reduce your spending to the point where it’s less than your earnings. This just takes simple math. If you total up your spending and find that it’s $500 a month more than you earn, you need to figure out how you can cut $500 in spending. The categories where most people find it easiest to cut costs are groceries, clothing, and entertainment. You might also be able to cut your transportation and housing costs although these usually take more work and more time.

Think of your budget as a game plan

The primary reason why people give up on budgeting is because they created one that is unrealistic and too restrictive. Here’s an example of what I mean. Let’s say you budgeted $300 a month on groceries but have been consistently spending $400. Instead of giving up on your budget, just make adjustments. You could change that $300 to $400 and then find some other areas where you could save $100 to make up the difference. The important thing is to stick within the total amount you budgeted for the month but be flexible in terms of your categories.

When budgeting is not enough

If you’re really in a world of dead hurt, budgeting will only get you some of the way back into financial freedom. You might have to compliment the budget by getting a debt consolidation loan, through consumer credit counseling or by settling your debts. Many families have chosen debt settlement as it represents the only way to get debts reduced instead of just moved around from one set of creditors a new one.

Tweet
Share
Pin6
Share
Reddit
6 Shares

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

Filed Under: Debt Relief Tagged With: credit card debt, debt management, debt relief

Primary Sidebar

Trusted By Our Clients

Excellent

Rated Five Stars Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

based on 12,550 REVIEWS

"Best decision I've ever made!"

They really care about "you" and making your life easier. They answer all of your questions and are very detailed.

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

Kolbie P.

"Saved me from drowning in the debt."

I was up to my eyeballs in debt and National Debt Relief saved me from drowning in the debt.

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

Joanna W.
Canal Winchester, OH

"Helped me settle my debts that were choking me."

National Debt Relief helped me settle my debts that were choking me.

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

Bobbie A.
Charlotte, MI

"Taken a big weight off of my shoulders."

National Debt Relief has taken a big weight off of my shoulders.

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

Richard D.
Piffard, NY

"Stopped all collection calls."

National Debt Relief stopped all collection calls and are working with my creditors to settle my debts.

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

Patricia G.
Oran, MO

"Now I can see a light at the end of the tunnel finally."

I was in a tough spot, financially and emotionally. Now I can see a light at the end of the tunnel finally.

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

Susan W.
Valparaiso, IN

"I'm sleeping better knowing they are helping me to eliminate my debt."

I'm sleeping better knowing National Debt Relief is helping me to eliminate my debt.

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

Jodi W.
Springfield, OH
Trust Pilot Reviews

Free Debt Relief Quote

By submitting, you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls or text/SMS messages). Msg. and data rates apply. You are not required to opt in as a condition of purchase.

The sooner you call,
the sooner we can help:

800-300-9550

Recent Posts

  • How Will You Fall In The New 2019 Tax Brackets?
  • 5 Ways You Can Convince Your Spouse To Save Money Together
  • 6 Super Simple Tips to Get You Ready for Tax Season
  • 3 Strategies For Home Buying With Student Loan Debt
  • How To Strengthen Your Finances Before Another Recession
  • How To Get Started With Investing
  • Learn How To Send A Cease and Desist Letter To Creditors
  • How Furloughed Employees Finances Have Been Effected
  • How To Deal With Those Nasty Debt Collectors
  • Amazon HQ2 And What It Means To New Yorkers

 

FAQs about debt relief

AFCC disclosure

National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Trust Pilot
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Site
  • Disclaimer
  • Sitemap

© 2019, National Debt Relief, All Rights Reserved.

Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes.
*Clients who are able to stay with the program and get all their debt settled realize approximate savings of 50% before fees, or 30% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.