Lending Peace of Mind - Just another WordPress weblog

Lending Peace of Mind

Just another WordPress weblog

7 Ways to Find Savings and Reduce Debt!

Posted by Laura On October 20th

Looking for a an easy way to Reduce Debt and Find Savings?

Saving money doesn’t have to be a chore any more! Here are 7 helpful and easy ways to save you a lot of money, while you Reduce Debt:

  1. Timely Alerts - whether you want text or email updates – you will know what all of your accounts is doing 24/7 – you will be able to discover any hidden fees from you bank of brokerage firm, respond quickly to errors and offer 24/7 protection against large purchases!
  2. Easy Budgeting – Take it from me – it is the easiest budgeting software I have ever used and I HAVE TRIED A LOT OF THEM. While working as a loan officer I would create budgets for clients, but it was still not an easy thing to follow – Mint takes the work out of it, as it will tell you how much you are saving and how much you have left to spend every month, it will also tell you how to cut back!
  3. Helpful Graphs – Whether you like your Graphs in Circles, Bars, or Lines. . . you will LOVE the Graphs that Mint can produce. It’s great to get a big picture view of everything you spend – I found myself asking “Do I really spend that much on cloths?” So Mint is like your best friend (or harshest critic) it will show you the truth, even if it’s not pretty!
  4. See Your Spending – Mint is really smart at managing those pesky details; separating transactions can be automatic once you have set the personalized Tags & Categories. I spent a fair amount of time organizing my spending details for the first 3 months – but now I am on auto pilot and I let it tell me how I am spending.
  5. Find Savings - My favorite part! Mint.com helps me find instant savings with my checking & savings accounts. It makes personal recommendations based on the spending and pay off behaviors on your current credit car accounts.
  6. Reduce Debt - The Budget Analysis tools will easily show you where you have room to cut back and you will always know where you stand on your credit cards, mortgage, student loans, auto loans – so you can pay off the highest interest rates first to get out of debt sooner!
  7. Track Investments - So not everyone will be married to a Financial Advisor like me… so the next bets thing is to use mint.com to monitor the performance, know the return on your investment, and the fees for investing.  IT BY NO MEANS, takes the place of having a comprehensive financial plan in place with your Advisor – but rather a great tool to be able to see what all your hard earned money is doing.

Last but not least, Mint.com tech department came up with the BEST iPhone app – that’s completely FREE!

Screen shot 2010 02 24 at 9.38.06 PM 7 Ways to Find Savings and Reduce Debt!

I love it so much I rarely login to the website any more!

If you are concerned about security and privacy – check out the message from there Founder & CEO, Aaron Patzer.  I have friends that have been using it for years & I feel safe since I am logged in anonymously.

Hope this helps you Find Savings and Reduce Debt!

- Lending Laura

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