In Trouble with Debt

I think we all know very well these days how debt can mount on us quickly. We can become overwhelmed with the amount of debt that we have and unfortunately that is just the case with one of my family members. I have been hounding them to cut down on their spending and start saving some money, but to no avail and now they’re in trouble. I won’t mention who this family member is, but at this point the financial strain is tearing their family apart. They need help and they need it quick. I have suggested to them that they take a look at Bills.com’s Dept Help Page to start on the road to consolidate debt. It is a great place to start their plan in motion and as far as I’m concerned they truly need to get started right away. Their help page is just full of resources and will help to get them started on the right track and as far as my family member is concerned, I think the best course of action for them to take would be to look over the Debt Management Program, which is a program that consolidates debt often with no interest. They can make one payment to the program, and it distributes the money to their creditors. Although there are many options to choose from it’s probably best to look over all the many services they have to offer and pick the one that is right for you.

What do you do to save money?

I have been told by friends that I’m a penny pincher, by family that I’m cheap (you know family can call you that) -- but I prefer to be known as frugal. I try to save money at every turn and at times I’m sure I can get on people’s nerves including my husband, but at the end of the day he’s grateful to have someone like me.

When shopping for groceries, I always use coupons and never buy anything at full price, buy one, get one free, love it! We have our mortgage at a low interest rate and even have a summer home that we are building little by little as the money comes in. As far as the electricity I never keep lights on, that’s one of my pet peeves and will turn it off as soon as someone leaves the room -- my stepdaughter’s favorite line is “I’m going back in there.”

We also keep our credit cards as low as possible and keep our credit score up to try to get the best rate we can. We never go out to a restaurant, just cannot afford to, we want to spend that money elsewhere, more wisely. As far as shopping for clothes we try to keep that to a minimum and always buy what’s on sale. I really don’t think I’ve paid full price for anything in a long time.

I have seen to many friends and family with financial trouble and it can destroy families. It is so sad that a family can fall apart because of financial wows, but I know for myself when we do get into a crunch financially (and I don’t care how careful you are with money we all get there now and again) we seem to argue a bit more. So if you’re having trouble getting your finances together or need some tips on saving why don’t you visit Bills IQ -- it’s a place to start, maybe they can help you out. Don’t be afraid to ask for help if you need it -- Bills IQ can help with all your financial needs:

Debt consolidation
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