Note: This area of the Website is NOT for online Bankruptcy Counseling. For information on our online Bankruptcy Education course, Click Here.
The Credit Counseling Center provides Budget Counseling services in Bucks County and Montgomery County.
Our accredited counselors can help:
• Repair your credit score
• Develop realistic household budgets
• Determine how you spend your money
• Sort out your obligations
Spending plans don’t mean having less,
it means doing more with what you have.
Your budget most likely includes categories that aren’t part of your usual spending and savings plan. We will use it to jog your memory about small and large expenses and to plan for anticipated changes.
We will figure expenses on a monthly basis.
Say you spend $2 each day to buy two cans of soda at work. That’s $10 a week, $40 a month. When you see that sum from a small cost item, you may decide to have only one can per day.
We will come up with the monthly cost of maintaining your household.
Once we know where money is going we can ask some tough questions. Are you spending too much on your cell phone plan? Can you trim the insurance premium, but keep the same coverage by switching carriers?
Use this principle in reverse for once-a-year costs, such as a property insurance premium. That payment can be a strain, but if you plan for it and put aside an equal portion monthly or one-fourth quarterly, you can meet the payment without anxiety.
Follow these tips for better budget planning:
• Put the set-aside in a savings account when saving for large expenses and watch your money grow with earned interest.
• Look at your short-term plans. If you’re saving for a new car, are you putting enough money aside weekly or monthly to meet your down payment goal?
• Save enough money to cover 3-6 months of costs to run your household.
• Anticipate financial changes. Divert at least part of any paid-off loan payment or salary increase to your savings account. Your tax refund can pay off a loan or increase your savings.
• Revise and review your budget often to reach your goals and to make necessary changes.
• Consider changing your savings strategy to get more money in the bank for emergencies.
• Add entertainment. If your plan doesn’t make room for fun you will soon abandon it.
Analyzing so many expenses can be overwhelming. The good news is the Credit Counseling Center is here to help!
Call 877-900-4222 for an appointment.