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Saying Goodbye to Debt and the High Cost of Living in 2012(January 11, 2012)
FORT LAUDERDALE, FL -- (Marketwire) -- 01/11/12 -- The beginning of a new year is a great time to make some healthy financial resolutions. The holiday excesses are a thing of the past though they may have left a mountain of debt that proves to be an anxiety ridden reminder. On top of that many financial habits practiced throughout the year contribute to an already tense situation.
Howard Dvorkin, CPA and founder of Consolidated Credit, advises consumers to be realistic about their money resolutions for 2012. "Consumers must be cautious when setting financial goals, otherwise they may be impossible to maintain," said Dvorkin.
Though it may seem impossible, there are many ways to cut costs and shrink debt. Some are small -- so small, in fact, that the adjustments will hardly be noticed at the time. However, many of these strategies for improving financial health really add up over a period of time. What follows are some of the best methods for making debt disappear and causing costs to plummet:
- Watch interest rates
- Prioritize debt payments
- Keep a spending log
- Consider insurance policies
- Borrow smart
- Bring in extra income
- Cut costs around the home
It is not unusual for lenders, particularly credit card companies, to cause interest rates to fluctuate. Also, consumers should make an honest assessment of all of their debts from their mortgage to their smallest credit card balance. It's not unusual for people to look at their bank account and wonder where all the money went. Much can change over the course of a year. Borrowing funds against a retirement account or taking out a home equity loan can put the consumer's future and welfare in jeopardy.
Still feeling overwhelmed? Ask for help. The experts at Consolidated Credit are always ready to provide the best advice and real world, common sense financial solutions. More information can be found in Spanish by visiting: http://espanol.consolidatedcredit.org.
Consolidated Credit Counseling Services, Inc.
Established in the year 1993 and based in Ft. Lauderdale, FL, Consolidated Credit Counseling Services, Inc. currently is one of the largest credit counseling and advising organizations in the US. Consolidated Credit Counseling Services, Inc helps individuals and families in the country regain control of painstaking financial and debt situations.
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