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Consolidated Credit Joins Forces with America Saves Week
Consolidated Credit is educating consumers during America Saves Week on the importance of building positive saving habits.
According to the National Survey Assessing Household Savings released this week, 64 percent of Americans have a sufficient emergency savings fund that will allow them to pay for unexpected expenses. However, only 40 percent of people in this country have a savings plan in place that allows for sufficient saving.
“America Saves Week is the perfect time to start reevaluating your finances,” says Howard Dvorkin, CPA founder of Consolidated Credit and two-time author. “Saving money is a crucial part of creating a stable and healthy financial lifestyle. All Americans should have a plan of action on how they will reach their financial goals.”
To begin successfully saving today for a better tomorrow:
· Make a promise to yourself. Before anyone can create a successful savings plan, they must first make a promise to execute their strategy honestly and responsibly.
· Assess personal saving habits. People must begin by asking themselves the following questions:
How much money am I saving out of each paycheck?
What were the last five things that I purchased that I really didn’t need?
Am I a saver or a spender?
· Create savings goals. Whether saving for retirement or a big screen television, people need to have a financial goal in mind. Once consumers begin taking steps toward reaching their desired goals, they‘ll notice just how lucrative a savings plan can be.
· Be creative when saving money. Saving money is not a hard thing to do. It just takes continuous practice. So, instead of eating out, try a new recipe at home. Instead of going shopping, try a new hobby.
To assist Americans in creating stronger saving habits, Consolidated Credit has Shop Smart and Save, a free informative booklet to help consumers strengthen their saving habits and cut unnecessary spending.
Consolidated Credit is one of the nation’s largest credit counseling organizations in the country and has helped over 5 million people over 20 years. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.
Media Contact: April Lewis-Parks 954-377-9344 AParks@ConsolidatedCredit.org