Happy News You Can Use Year! Get a Handle on Your Finances in 2015! #video
It’s now mid-January and I am betting you got some of your credit card bills in with a chunk of money on them for holiday gifting. It’s often scary to see the bill with an extra $2,000 + on the balance due. The fast and easy way to take care of this bill is to pay in full. But what if you don’t have that kind of spare change in your savings? Good question and maybe this post and the video will help and offer you some solutions!
A recent Harris Poll says improving the family finances is second only to losing weight as the top New Year’s Resolution. Each year, consumer counseling agencies see a 25 percent increase in the number of people seeking help in January and February, and most of that traffic is propelled to their doors by holiday bills that haunt consumers like the ghost of Christmas past. In fact, for the 42.4% of Americans with credit card debt, one of the top resolutions each year is getting debt free. A recent Gallup poll indicated Americans expected to have just spent an average of $781 on gifts this Christmas; that’s up from $704 in 2013. Add that to the record $3.27 trillion of debt Americans collectively hold and household finances suffer from a mighty holiday hangover come January.
Banker turned consumer advocate and co-founder of MagnifyMoney.com, Nick Clements shares his secrets for choosing the best cards to start the new year; taking advantage of the industry’s best promotional offers; finding the cards with the lowest interest rate; managing budgets/payments and lots more. Each year, consumer counseling agencies see a 25 percent increase in the number of people seeking help in January and February, and most of that traffic is propelled to their doors by holiday bills that haunt consumers like the ghost of Christmas past. In fact, for the 42.4% of Americans with credit card debt, one of the top resolutions each year is getting debt-free,
NICK’S money-saving secrets for debt relief include
· OPTIMIZE SPENDING
How to get free flights and other perks for your spending
· CREDIT CONSOLIDATION:
Finding the lowest rates for transferring debt
· PLAN AHEAD:
Strategies to avoid debt and improve finances for 2015
· BACKGROUND: Nick Clements is a former banker turned consumer advocate and co-founder of MagnifyMoney.com, a website that makes it easy for people to compare financial products, receive personalized recommendations and save money. Nick regularly writes and speaks about the need for banking to be simpler, cheaper and more transparent. He has been quoted in dozens of top media outlets and writes a regular column for DailyFinance.com. Before MagnifyMoney.com, Nick spent 15 years in banking. Most recently, he ran the largest consumer credit card business in the UK.
Thanks to MagnifyMoney.com’s Nick Clement for such great tips, tricks and suggestions on managing your finances in 2015!!
For those reading down this far, the reason why there is no “close” to this video is that the interview was cut short by needing to do another interview. So the plug was pulled just as I was heading into closing out. Sorry of the hassle.
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