Saturday, February 20, 2021

What is Debtg Consolidation?

 

Kiersten Essenpreis for Money

Debt consolidation gathers debt from multiple sources and puts it in one place, which simplifies paying off what you owe. Consolidation can also allow you to reduce the interest rate or total amount of your debt.

Most of us manage many forms of debt simultaneously, keeping track of due dates and balancing interest rates to avoid late fees or a bruised credit score. But one lump sum means one lender, one due date, one interest rate, and one set of login credentials. It can be a strategic personal finance move in the long run — as long as it’s done right.

Before consolidating your debts talk to us. Debt consolidation is usually not a good idea and creates more problems in the long run.

Schedule a free consultation appointment today. Our goal is for you to learn to master your money! 

Click Here To schedule a free online appointment.

Benefits of Budgeting


According to Spendmenot statistics, only 32% of US families maintain a household budget. So why should you join this number? A budget is a financial plan that helps you allocate funds to different categories of your life. You get to decide how much you spend, save or invest based on your take-home income. Your take-home income is the amount left after the payment of taxes and medical insurance.


Budgeting allows you to:

  • Highlight horrible spending habits.

  • Prepare for emergencies.

  • Spend what you can afford.

  • Stay focused on your personal finance goals.

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