If you are not sure how to handle your finances, you are not alone. There are a lot of people who never learned how to effectively manage and save their money. So many people live from one paycheck to the next with little to no savings, that it almost seems normal for many people to be broke.
Credit counseling is offered by non-profit organizations and can be obtained for little to no out of pocket costs. A credit counseling can look over your credit report and tell you where you stand in terms of your credit rating. The counseling can help you devise a plan to pay off any outstanding debt so you are able to save money.
While most people do not have the suggested six months of cash reserves in the bank, everyone should have some savings. A savings account can help you if you are in an emergency. With no savings, an emergency can cost you a lot of money in overdraft or cash advance fees. Your credit counseling will help you determine your priorities so you can set up a reasonable personal budget.
You do not need to be deep in debt to benefit from credit counseling. It is helpful if you have an income so you can work on a budget and debt repayment plan with your counselor. Whether you feel overwhelmed or you want to learn new money management skills, a credit counseling service can help you move in the direction of your short and long term goals. More info: credit counseling Calgary