Find out how to save big by doing very little and avoid feeling short on cash.
Americans may have saved over 2 trillion dollars collectively during the pandemic, but they are no longer swimming in dollar bills. [1] In fact, Americans only managed to save 6.4 percent of their after-tax income in January. [2] That makes it the lowest monthly saving rate since 2013![3]
Since it doesn’t look like the government will be stepping in again with stimulus checks, it’s up to you to figure out how to boost your savings. That can be difficult, especially in the face of rising prices. Luckily, you are not alone. Consolidated Credit is here to help with a free webinar “5 Savings Strategies in Today’s Economy.” You’ll learn everything you need to know about strategies that can streamline your savings.
Learn to Save in a TOUGH Economy – Sign Up for a Free Webinar
Stop digging through the couch for loose change and start building savings with practically nothing! This video offers a quick preview of what you’ll learn in our free webinar—5 Saving Strategies in Today’s Economy—which will help you grow your savings in a tough economy.
Do you find yourself digging between the couch cushions for loose change? Well, what if you could be saving big without getting off the couch at all? Consolidated Credit’s certified financial coaches can teach you how with a free webinar “5 Savings Strategies in Today’s Economy.” Sign up today and then tune in on April 13th to start building savings with limited resources.
Why save?
Saving is essential if you want to reach your goals while avoiding credit card debt. You can cover everything from a large purchase to a major repair you weren’t expecting. Things that would usually go on credit can get covered with savings. We’re sure you’ve heard this before, but it’s worth reiterating: A little planning can go a long way!
How to make use of savings strategies
There are a few ways you can save. You’ll learn more about each of these in the free webinar on April 13th. But we’ll give you the ice cream store spoonful version for now.
1. Create a household budget
The best way to start saving is to either create or re-evaluate your household budget. If the drudgery of budgeting is like nails on a chalkboard to you, then know that there are budgeting tools, like Mint and Personal Capital, that can help.
2. Save money at work
One of the best ways to have money is to directly deposit it into a separate account. Because what is out of sight is out of mind. So, if you were not to get your hands on say $20 a paycheck, you’d be none the wiser for it. And you’ll end up saving $500 by the end of the year.
3. Make a phone call
Yes, the dreaded phone call may actually be a nifty way of shaving down your interest rate. If you’ve been a loyal and responsible customer, your lender may be willing to consider lowering your interest rate as a gesture of good will. And if that doesn’t work, you shop for other cards and use that as leverage against your current lender.
4. Try these proven debt busting methods
If you are looking for something with a little more oomph, you can try debt consolidation, debt management, or debt settlement. These are proven debt busting methods that each have their own pros and cons depending on your situation.
5. Get professional help
You can also reach out to a certified credit counselor for a free debt analysis. You ideally want to find a reputable company that has been around for years — hopefully decades. And make sure they have the highest rating with the Better Business Bureau.
Sign up today for our saving strategies webinar!
If you haven’t already done so, sign up for our free “5 Saving Strategies in Today’s Economy” webinar today. We’ll show you a few surefire strategies to help give your savings the kickstart it needs. So join us on April 13th, 2022 at 1:00 pm!
5 Saving Strategies in Today’s Economy
You don’t have to be a clown to be pennywise. Find out how you can maximize your savings without lifting a finger.
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[2] https://www.bea.gov/data/income-saving/personal-saving-rate
[3] https://www.nytimes.com/2022/02/25/business/economy/economy-savings-rate.html