Free Debt Relief Analysis

It's Simple To Start

Gather Basic Information

Answer a couple of basic questions about your debt. Based on your location, debt amount and type of debt, we can recommend a path.

Financial Coaches

Your certified debt resolution specialist will show you how to pay off your debt and give you the motivation to get there.

Debt Free

Follow the payment plan you agree to with your certified specialist and you are on the way to being debt free in less time and for less money than if you did it on your own.

Questions? Call IMG 888-997-5113

Become a Budget Planner: Household Budget Creation

For anyone who\'s trying to save money or get their debts under control, the first step in doing so is to create a monthly budget and stick to it. But how do you figure out how much to budget for? Follow these tips.

  • Gather all your financial statements. This includes bank statements, investment accounts, recent utility bills and any information regarding a source of income or expense. You want to use these to create a monthly average of expenses and income.

  • Record your sources of income. If you are self-employed or have any outside sources of income. be sure to record these as well. Record any form of payment you receive regularly.

  • List your monthly expenses. Write down a list of all the expected expenses you incur every month - your mortgage payment, car payments, auto insurance, groceries, utilities, entertainment, dry cleaning, auto insurance, retirement or college savings and essentially everything you spend money on. Be very specific. You will need to be able to see what exactly you spend your money on. Learn how to curb spending temptations and avoid spending more money than you should.

  • Break expenses into categories: fixed or variable. Fixed expenses don\'t change month-to-month and are essential. They included expenses such as your mortgage or rent, car payments, cable and/or internet service, credit card payments and so on. These payments will not change in your budget.

  • Total your monthly income and expenses. If your income is greater than your expenses then you are off to a great start. You can put this excess towards areas of your budget such as retirement savings or paying more your credit card debt. If you have more expenses than income, some changes will have to be made.

  • Make adjustments. If your expenses are higher than your income you should look at your variable expenses to find ways to cut back. You cannot shave money off your fixed expenses, such as your rent and insurance, so you must find ways to reduce your nonessential spending, such as cable, entertainment and eating out. Or, you can always try to find more income. Just remember to be realistic.

  • Once you have a budget in place, follow it.Stick to it as best you can. Make sure to set some of your budget aside for eating out and entertainment, just don\'t go overboard. You want to make your budget easy to follow, but you\'re also trying to save money in the process.

  • Review your budget every month. It is important to review your budget on a regular basis to make sure you are staying on track. After your first month of budgeting, sit down and see how well you did. Make adjustments accordingly. After a couple of months, you will be able to average your variable expenses to get a good feel for how much you should really budget.

Benefits of Debt Consolidation

  • Lower Interest Rates
  • Lower Monthly Payments
  • Eliminate Debt in Less Time
Learn About Debt Consolidation