Will get you out of a Money Bind Quick! #SP

Hey All!

Do you have enough money in your savings account to provide for your family should an emergency happen or god forbid one of you loses your job? If you don’t you can always count on for a quick money fix if you’re in a real bind. I know we’ve all been there at some point in our lives and there is nothing wrong with doing what you can to help your family.

After I finished college I had a slew of student loans and credit card debt on top of bills for my family. I knew I had to do something fast in order to keep my family a float. I knew I had to find a way to repay my debt, consolidate my debt, and try to save for my retirement and for my family. What I did was I opened up a Debt Consolidation program in order to pay down my debt quickly. I then opened up a 401k with my job since they match a percentage of my salary and put it into a 401k. I can set the deduction of the amount of the percentage that they take so I make sure my whole check doesn’t go into my 401k.
But if you are a bind and sinking fast, there is nothing wrong with taking a loan from out and paying off your debt since then you’ll only have one loan to pay and the rest of your debt will be paid off!

If you only have one bill you can then save  money and put it into your savings or college funds! You can find you will be saving lots of money.

So these are all ways I have gotten myself out of a financial bind and added to my savings accounts and college funds. You just have to figure out what’s right for you and your family. Once you do this you will also figure out ways that will allow you to hold onto it and build it.


***Disclosure: I was compensated for this post and I am sharing this for the benefit of my readers. All opinions are my own.***