Financial emergencies are often the catalyst that pushes consumers into a financial hole. Many consumers live only one costly emergency away from financial ruin. Savings is non-existent, they have no funds put aside for little issues that crop up in life, and they already live paycheck to paycheck. Anyone who can’t save at least $1,000 for emergencies might want to take into consideration the benefits of debt consolidation, credit repair, and a lesson in debt management.

Get Serious About Debt Management
Anyone who wants to learn to cope with financial emergencies should get on board with debt management. Learning to manage debt helps consumers admit their issues, learn to handle them, and it teaches them to avoid making the same financial mistakes in the future.

Evaluate Financial Circumstances
Most people have room in their budget to save money for emergencies. An emergency fund is all it takes to put consumers on the road to dealing with financial emergencies, but many claim they cannot afford it. If anyone can afford to buy a bottle of wine during the week, cigarettes to smoke, coffee at their favorite coffee shop, or have dinner out with friends can afford to save money in the budget for an emergency fund.

Consolidate Debt
If a person has so much debt they cannot afford their monthly payments, it’s time for them to consider debt consolidation. It allows consumers to bundle their debts, pay them with one payment, and it eliminates the need to overspend on interest rates and fees. The leftover funds after debts are consolidated are easily applied to consumer debt, which helps people cope with their financial emergencies. A flat tire, a broken key fob, or just a little extra money on the utility bill each month causes many consumers to panic. It’s time for the public to stop living paycheck to paycheck by learning to live affordably. It can be done.

Credit Care Counseling offers a five-year credit consolidation program that will give you a chance to improve your credit score and make more sound financial decisions. For further information about our debt management program, call us at 813-616-5234.