Tip Of The Month
Tips for Saving Money and Getting Out of Debt
July 2009
1. Avoid eating out.
2. Utilize free or low-cost entertainment options, including spending time with friends, and attending community events.
3. Make a budget.
4. Eliminate unnecessary expenses, including internet and cable television.
5. Pay off smaller debts first.
6. Pay more than the minimum required amount.
7. Put 10% of your income into a high-interest earning account to act as an emergency fund, but do not use this money to pay off credit card debt.
8. Think positively. Focus on future benefits, rather than the difficulty of getting out of debt.
9. Stop borrowing money.
10. Save up cash before making major purchases.
