2 Important Lessons To Learn From Victoria Debt Consultants

At 4 Pillars Debt Consultants, we work with people throughout Victoria and surrounding areas. These people often have more in common than they have differences, particularly when it comes to finding themselves in debt.

In the majority of cases we handle, people have experienced a change in their life that contributed to their financial challenges. This could include the loss of a job, a raise or promotion that does not come through, a layoff or unplanned leave of absence from a job, or going through a divorce, separation, or dealing with another major type of life event.

While some issues in life are difficult to plan for, there are some tips our debt consultants can offer to help ensure these unforeseen issues do not derail your finances.

Build an Emergency Fund

Creating an emergency fund of six to eight months to cover all of your living expenses is a very important long term financial strategy. However, starting small and working towards having a thousand dollars in the bank in a savings account is a great start.

Remember, every dollar saved in one more dollar than you had before. Meeting with a debt consultant can help you create practical and realistic emergency savings.

Limit Credit Card Use

A debt consultant typically focuses in on credit card use when assisting people to avoid future debt issues. By using cards wisely and paying off monthly balances, interest and late fee charges can be eliminated, saving the consumer significant amounts of money over time.

To schedule an appointment with a professional at 4 Pillars Debt Consultants, call us today at 866-690-3328.