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Vortex Debt Group Employees Taking it Home

Remote Workers Increases Customer Satisfaction.

New opportunities are opening up for employees to work from their home locations due to the popularity of high speed internet and advances with new technologies such as Voice over internet (VOIP).  Known in the employment marketplace as “remote workers”  this type of employment is offering employers a new incentive to find and retain skilled employees.
Vortex Debt Group, a mid size call center with offices in New York and Melbourne Florida, recentlydecided to offer their employees an opportunity to work remotely. The transition began slowly but surely, as the first single employee was chosen. After the first remote worker proved successful other employees  were added and now a total of eight employees are working remotely.

Vortex Debt Group Introduces Remote Employment.

Overseeing this transition was the Director of Call Center Operations, Alexander Vinicombe.
Mr. Vinicomb said, “Vortex Debt Group saw it as a win-win situation for the employee and employer.  The employee saves money, time and stress by not having to travel daily.  The company gets a happier employee,  more dependable employee and saves on overhead costs of having the employee at the main office location.” Alex also recognized the benefit of business continuity when he said,”We also gain redundancy, since all our employees are not on the same electrical grid.

Florida is known for it’s power outages.”
Vortex Debt Group employee and Titusville resident Jackie Campbell enjoys being a remote employee for many reasons including the savings of commuting expenses.  She said,”The benefits are numerous for an employee as myself. I save over $200 per month  in my auto expenses with savings with my gas, oil changes and car maintenance.” Beforehand Jackie had a 45 minute commute time  each way to and from her home in Titusville to the Vortex Debt Group office in Melbourne. Now that she is working remotely, she has an extra one and one half hours per day to herself instead of the commute. “I feel more focused and relaxed and over all more productive, also I get an extra hour of sleep every morning.”
As with any new venture, a learning curve needs to be climbed and challenges have to be met. In the call center trenches Team Leader Anthony Fonseca fine tunes the remote worker program. Anthony said, “The biggest challenge  is not being readily available for the reps when they need me.  In the office, I can  easily see if hands are raised and can make it a point to get to them.  They can see me and know whether  or not I am around or on break. With them being at home, their only lines of communication is instant messenger,  email or via the telephone.”  But Anthony is optimistic as he meets these challenges. “I feel the work from home program is an excellent direction for Vortex Debt Group. I am confident that as the home reps continue to get comfortable with it, we will  see an increase in productivity. Overall, I am excited about the program.” said Anthony.
Vortex Debt Group chose Brighthouse Networks for their broadband carrier which offers both high speed
internet access and voice over internet phone communications. Overseeing the technical aspect is Oscar Nunez of the IT department. Oscar addresses technological issues and makes recommendations so that the remote worker can stay productive.
Enabling a workforce to work remotely requires a special type of phone system that will allow agents to communicate with each other and the clients effectively. At the same time the generation of reports to staff managers to show that their agents are working effectively is required.. InContact was selected after referrals from other call center. This call center application utilizes voice over the internet (VOIP)  technology thus removing the expense of  long distance phone charges. Numerous other benefits were achieved including the ease of handling of increased call volume, reduced on-hold times, decreased after call follow-up durations, easy transfer of calls to other agents and switching easily from inbound to outbound calls.
Director of Information Technology William J. Burke did a ROI (return on investment) analysis of using a ‘cloud system like Incontact.  Mr. Burke said, “We found that we could save over $1000/month with  InContact and reap the benefits of a cloud system,  including built in redundancy  for FL and NY and the ability to have agents work from home using a browser only to connect to the system.”
Vortex Debt Group officials are optimistic with their remote worker program as they realize that
remote workers are generally happier employees. And happier employees translates into increased customer satisfaction assisting Vortex Debt Group with its corporate mantra “Every Client Every Time No Exceptions No Excuses.

On Employment

Vortex Debt Group Employees Taking it Home

voretxdebtgroupNew opportunities are opening up for employees to work from their home locations due to the popularity of high speed internet and advances with new technologies such as Voice over internet (VOIP).  Known in the employment marketplace as “remote workers”  this type of employment is offering employers a new incentive to find and retain skilled employees.

Vortex Debt Group Introduces Remote Employment.

Vortex Debt Group, a mid size call center with offices in New York and Melbourne Florida, recently decided to offer their employees an opportunity to work remotely. The transition began slowly but surely, as the first single employee was chosen. After the first remote worker proved successful other employees  were added and now a total of eight employees are working remotely.

Remote Workers Increases Customer Satisfaction.

Overseeing this transition was the Director of Call Center Operations, Alexander Vinicombe.

Mr. Vinicomb said, “Vortex Debt Group saw it as a win-win situation for the employee and employer.  The employee saves money, time and stress by not having to travel daily.  The company gets a happier employee,  more dependable employee and saves on overhead costs of having the employee at the main office location.” Alex also recognized the benefit of business continuity when he said,”We also gain redundancy, since all our employees are not on the same electrical grid.  Florida is known for it’s power outages.”

Vortex Debt Group employee and Titusville resident Jackie Campbell enjoys being a remote employee for many reasons including the savings of commuting expenses.  She said,”The benefits are numerous for an employee as myself. I save over $200 per month  in my auto expenses with savings with my gas, oil changes and car maintenance.” Beforehand Jackie had a 45 minute commute time  each way to and from her home in Titusville to the Vortex Debt Group office in Melbourne. Now that she is working remotely, she has an extra one and one half hours per day to herself instead of the commute. “I feel more focused and relaxed and over all more productive, also I get an extra hour of sleep every morning.”

As with any new venture, a learning curve needs to be climbed and challenges have to be met. In the call center trenches Team Leader Anthony Fonseca fine tunes the remote worker program. Anthony said, “The biggest challenge  is not being readily available for the reps when they need me.  In the office, I can  easily see if hands are raised and can make it a point to get to them.  They can see me and know whether  or not I am around or on break. With them being at home, their only lines of communication is instant messenger,  email or via the telephone.”  But Anthony is optimistic as he meets these challenges. “I feel the work from home program is an excellent direction for Vortex Debt Group. I am confident that as the home reps continue to get comfortable with it, we will  see an increase in productivity. Overall, I am excited about the program.” said Anthony.

Vortex Debt Group chose Brighthouse Networks for their broadband carrier which offers both high speed

internet access and voice over internet phone communications. Overseeing the technical aspect is Oscar Nunez of the IT department. Oscar addresses technological issues and makes recommendations so that the remote worker can stay productive.

Enabling a workforce to work remotely requires a special type of phone system that will allow agents to communicate with each other and the clients effectively. At the same time the generation of reports to staff managers to show that their agents are working effectively is required.. InContact was selected after referrals from other call center. This call center application utilizes voice over the internet (VOIP)  technology thus removing the expense of  long distance phone charges. Numerous other benefits were achieved including the ease of handling of increased call volume, reduced on-hold times, decreased after call follow-up durations, easy transfer of calls to other agents and switching easily from inbound to outbound calls.

Director of Information Technology William J. Burke did a ROI (return on investment) analysis of using a ‘cloud system like Incontact.  Mr. Burke said, “We found that we could save over $1000/month with  InContact and reap the benefits of a cloud system,  including built in redundancy  for FL and NY and the ability to have agents work from home using a browser only to connect to the system.”

Vortex Debt Group officials are optimistic with their remote worker program as they realize that remote workers are generally happier employees. And happier employees translates into increased customer satisfaction assisting Vortex Debt Group with its corporate mantra “Every Client Every Time No Exceptions No Excuses.

Vortex Debt Group’s four basic steps to follow when creating a budget:

Write it down – Document your earnings and expenses then compare both to remain mindful of your reality.

Keep track of your spending – They say it takes 21 days for a habit to develop commit to tracking your spending for 21 days accounting for even the smallest purchases (tip get receipts for everyt hing)

Do the math – After those 21 days subtract all  you’ve spent from what you’ve earned that’s a black and white indicator of your financial habits

Work on the difference – Your future financial behavior will depend on what the difference is – whether it’ s negative or positive (literally) If you have a deficit you need to change your habits and make it a surplus if you have surplus, hey there is always room for more!

Testimonials

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January Newsletter

cutcostEasy Ways To Cut Costs

Welcome to the first Vortex Debt Group monthly newsletter.  We want our newsletter to be an informative resource for our customers as they walk the path to financial freedom.
Each month we will bring you helpful articles on topics such as; financial planning; consumer resources; credit card law and program updates. We will also update you of changes to our website, self service options and program changes.

Enjoy this month’s newsletter and keep an eye out for our next one!

Create a 2010 Budget

As 2009 came to an end we all started thinking about the things we had to do differently in 2010. For most people, at the top of their “To Do” list was “Create a Budget” – a task which some approach with heavy hearts because they may think they have so little to work with that creating a budget is pointless. No matter where we are on the monetary totem pole, we all can and should create budgets. Our income, for the most part, represents multiple hours of our physical strength and mental acuity. Failure to treat that income with anything less than thoughtful budgeting would be an insult to us.

There are four basic steps to follow when creating a budget:

Write it down – document your earnings and expenses then compare both to remain mindful of your reality. Keep track of your spending – they say it takes 21 days for a habit to develop; commit to tracking your spending for 21 days accounting for even the smallest purchases (tip: get receipts for everything). Do the math – after those 21 days, subtract all you’ve spent from what you’ve earned, that’s a black and white indicator of your financial habits.

Work on the difference – your future financial behavior will depend on what the difference is – whether it’s negative or positive (literally). If you have a deficit you need to change your habits and make it a surplus, if you have a surplus hey, there is always room for more! Cutting budget costs is an essential way to ensure financial preparedness. Cutting the costs of your budget allows the consumer to find room within the budget to create an emergency fund, enforce an aggressive debt repayment plan or simply make your budget decrease to fit a lesser income:

Lower Your Bills. Calling the provider of your services can be a great way to save a substantial amount of money each year. Bundling services can save up to fifteen percent each month. Call the service provider and inquire which services are available. Can you switch to save money within your budget?

Stop Eating Out. Cutting restaurant costs can save hundreds of dollars per month. Those customers that are facing debt than you have no reason to eat out at restaurants. Eating at restaurants is a luxury that should not be placed on the credit card.

Clip Coupons. Clipping coupons can save up to thirty percent of your grocery bill each time you visit the store. Coupons can be obtained from the store flyer, internet coupon forums and directly from the website of the manufacturer.

Take Advantage of Store Discounts. Nearly every supermarket offers special offers such as fifteen percent off one day of the month. Taking advantage of this deal and shopping once per month can save several hundred dollars per month in the average household.

Compare Insurance Rates. Many consumers are unaware that they can save hundreds of dollars on their insurance costs every single year by comparing and switching insurance companies. Internet websites can be used to find competitive rates on car insurance from multiple companies.

Comparison Shop. Comparison shopping can save you valuable money from the budget. When you are searching for a big ticket item you can literally save hundreds of dollars when comparing prices found in retail stores, on the internet and in big box stores. Some stores offer price matching guarantees that can save you ten percent on top of the lower cost of the item. The internet is your friend when it comes to purchasing these large ticket items without breaking the bank.

Cut Bank Fees. Bank fees can accumulate through the year. Calculate how much you are spending on bank fees throughout the course of a year and contact a service representative about switching to a low or no fee account. Stay out of overdraft to avoid overinflated interest fees that can lead to financial distress and money being withdrawn from the checking account.

Vortex Debt Web Access

Vortex Debt Group has made it even easier for our clients to access their account information securely. Visit our website and click on the “Click Here for Client Login Page” link.

By following simple prompts, in moments you will have detailed information at your fingertips and be able to: view and track payments, review your creditors, update personal information and submit questions to our Customer Service Department.

Access Your Account From Anywhere!!

Spend Your Tax Dollars Wisely!!

Your journey out of debt is one that we are committed to, from the moment you enroll with your counselor to the end of the road where a skilled negotiator brokers a settlement, Vortex is here! In the last newsletter we told you about the resources available to you by accessing your account information online. The process is easy and can be accomplished in a few clicks. Here’s how:

Go to

Click on the “Client Login Page” at the bottom of the page.

If you already have an existing account, fantastic, simply enter your login information.

If you are a new user you must select the “Sign Up Here” link which will quickly take you to a page which verifies your information and seamlessly allows you to create an account

After logging in, you have immediate access to your account information including – previous and next payment, due dates and so much more!

Global Client Solutions, which manages your special purpose account, can also be accessed online. For related information on your accumulated funds, simply go to Global Clients Solutions to view updated real-time data.

While we encourage the use of these online services we welcome your calls to our Customer Service Department. When you call in, our automated Interactive Voice Response (IVR) system will guide you through brief selections designed to limit or eliminate your wait time, secure prompt service and quickly locate your record. The IVR will also provide you with past and future payments and their amounts. This system was designed with you in mind because we know that you enjoy efficient, timely and swift service!

As budget conscious consumers we know that you will be careful to earmark every dollar of any tax refund you may receive. In this economy, where financial resources are limited, money should only go where money is needed. The best financial advisors tell us that one of the most important keys towards financial freedom is getting rid of debt – especially those with high interest rates and fees associated with them. So, before spending your tax refund on things that may cause further financial stress, consider paying off your debt, because that is truly the path to financial well being. Contact Customer Service and they can help you make an additional payment into your special trust account.

Federal Laws that Protect You!

What is Off Limits for Collectors?

Federal Laws that Protect You

The Federal Trade Commission (FTC) is the arm of the federal government that works to protect consumers against unfair business practices. Like Vortex, the FTC believes that our clients should know what their rights are regarding debt collectors. Below are frequently sked questions that we have extracted directly from the FTC’s website that we know will help you while we continue to work together to ttle your debt:

You may also go to:  [http://www.ftc.gov/] www.FTC.gov and search FAQs on collection laws.

What types of debts are covered?

The Act covers personal, family, and household debts, including money you owe on a personal credit card account, an auto loan, a medical bill, and your mortgage. The FDCPA doesn’t cover debts you incurred to run a business.

You may enroll all of your unsecured debt with Vortex Debt Group

Can a debt collector contact me any time or any place?No. A debt collector may not contact you at inconvenient times or places, such as before 8 in the morning or after 9 at night, unless you agree to it. And collectors may not contact you at work if they’re told (orally or in writing) that you’re not allowed to get calls there.

Do not engage in conversation with a creditor; simply advise them that you have enrolled on the debt settlement program and they should contact Vortex Debt Group at: (516)-624-1648

What does the debt collector have to tell me about the debt? Every collector must send you a written “validation notice” telling you how  much money you owe within five days after they first contact you. This notice also must include the name of the creditor to whom you owe the money, and how to proceed if you don’t think you owe the money.

Remember Vortex Debt Group is in constant contact with your creditors.

We send your signed power of attorney to them, which establishes our right to act on your behalf. We entertain settlement offers; we negotiate and set up settlements once enough funds have accumulated in your account and the creditor’s offer is in your best interest.

Our skilled Creditor Services and Negotiations team monitor youraccount through the life of the program to resolve your debt as quickly as possible.

Don’t forget that you should always have our Creditor Services phone number on hand to give to creditors that may call: (516)-624-1648

Harassment – Debt collectors may not harass, oppress, or abuse you or any third parties they contact. For example, they may not: use threats of violence or harm; publish a list of names of people who refuse to pay their debts (but they can give this information to the credit reporting companies); use obscene or profane language; or repeatedly use the phone to annoy someone.

False statements – Debt collectors may not lie when they are trying to collect a debt. For example, they may not: falsely claim that they are attorneys or government representatives; falsely claim that you have committed a crime;falsely represent that they operate or work for a credit reporting company; misrepresent the amount you owe; indicate that papers they send you are legal forms if they aren’t; or Indicate that papers they send to you aren’t legal forms if they are.

Debt collectors also are prohibited from saying that: you will be arrested if you don’t pay your debt;they’ll seize, garnish, attach, or sell your property or wages unless they are permitted by law to take the action and intend to do so; or legal action will be taken against you, if doing so would be illegal or if they don’t intend to take the action.

Debt collectors may not: give false credit information about you to anyone, including a credit reporting company; send you anything that looks like an official document from a court or government agency if it isn’t; or use a false company name.

Unfair practices – Debt collectors may not engage in unfair practices when they try to collect a debt. For example, they may not: try to collect any interest, fee, or other charge on top of the amount you owe unless the contract that created your debt – or your state law – allows the charge; deposit a post-dated check early; take or threaten to take your property unless it can be done legally; or contact you by postcard.

We have provided you with these tools because we want you to know your rights.

Join A Vortex Webinar!!

What is the purpose of the Webinars?

We host these webinars to supply you with vital information; answer your questions and provide support through the life of the program.

What topics are discussed?

Many topics are covered during these one hour sessions – some of them are:Consumer Protection Legislation – laws that protect you against unfair creditor practices

Dealing with Creditors

About Vortex Debt Group

Client Enrollment

Pro’s & Con’s of Debt Settlement

Budgeting Tips

Responsibility – Vortex, client, creditor

Re-establishing Positive Credit Rating – during and after the program

How are they hosted?

The webinars are hosted online. Interactions with presenters are done in a “chat” format. Participants are able to view Power Point presentations while listening to the presenters speak.

Who host the Webinars?

The hosts are skilled and knowledgeable subject matter experts.  They bring to you combined decades of experience in the Debt Settlement industry. Elizabeth Bolognese is the in-house Vortex trainer and resents the information in a personable and exciting way. Alex Vinicombe is the Director of Customer Service and conveys an attitude f transparency and excitement – bar none!Together, this dynamic team along with the support provided by our Customer Service and Negotiations team will work to facilitate you path to debt freedom.

Why is your participation necessary?

We often refer to our Three Way Triangle of Responsibility. We take the helm in the responsibility triangle because we are committed to getting you out of debt.While our sole purpose is to get you out of debt as quickly and affordably as possible, we need you to participate in the process by doing simple things such as: Responding to correspondence that we send you e.g. signing your POA and returning it as soon as possible

Forwarding copies of all creditor correspondence you receive to us – including settlement offers Redirect creditors to us by providing them with our Creditor Services number

Advice us quarterly of new card balances Contacting us with any concerns or questions you may have.

Will I receive real time information?

In previous webinars, we have had clients pose questions that the presenter has responded to by accessing the client’s account. The client was then provided with an immediate response. The question was regarding POAs being sent out to creditors – as creditors often mislead clients into thinking that we have not had contact with them. We have dated, time-stamped electronic correspondence trackers that detail who, what, when and how! Who the correspondence was sent to, what type of correspondence was sent out, when it was sent and how it was sent.

We are dedicated to our commitment to communicate with your creditors, despite what they advise you. We have years of history and relationship with them and have secured hundreds of settlements for our clients

Webinars continued…

Who attends these Webinars?

Vortex clients from across the country attend these webinars. When questions are posed by clients that the presenters feel could be beneficial to everyone, the answers are given verbally for all participants to hear. The webinar allows the participants anonymity, so everyone, in the comfort of their personal space, can feel free to ask questions and interact with the presenters privately in “chat”.

How do I join the webinar?

You will receive an email invitation from Vortex Debt Group (Alex Vinicombe) to join the webinar. Click on the “Register Now” icon to sign up (as shown below):At about 5 to 10 minutes prior to the start time, log in (note the start time is indicated in Eastern Standard Time); you will be required to enter the following information:  Your first and last name and your client ID

Come enjoy the webinar experience at the scheduled times … we are here for you!

Use your Tax Refunds Wisely

In these challenging economic times we know how difficult it can be to spread scarce dollars across the many financial demands you have. However, you must think long-term when making these vital decisions.

We know you want to fulfill your life’s dreams – own a home of your own with affordable payments and low interest rates – purchase a vehicle – send your children to college – vacation with friends and family and basically enjoy a life with no monetary stress. Well, all this can be accomplished over time if you commit with us to successfully get you out of debt.Making extra payments into the program gets you out of debt much more quickly and gets you on the path of financial recovery. Even though Debt Settlement initially impacts your credit negatively, as you get out of debt your debt to income ratio begins to proportion beneficially and your credit score begins to increase. Getting out of credit card debt will positively impact your future in many ways. With a better credit score you will be able to realize your dreams of making major purchases, like a home, on terms that are fair and affordable. This means that, in the long run, you get to keep more money in your pocket because of lower interest rates.We work persistently to provide you with quality service, helpful resources and real time information. Remember you can access your account online by logging onto  our site and signing in.

We pride ourselves on remaining current and contemporary. As your debt negotiation service provider, we want to create opportunities for you to contact us in ways convenient to you. With this in mind, you are now able to chat live with a Vortex customer service representative uring normal business hours.

We know your time is valuable and we appreciate that you may find it more convenient to be able to communicate with us using an “Instant Message” type format.

How does it work?

Simply go online and click on the “Click Here for Live Help” tab as seen below.

This will take you to the “Live Chat” page; from this page do the following:

Type in the number “1″ in the dialogue box and select “Send” You are then prompted to enter your name – enter your first name and select “Send” You will be advised to wait momentarily while an agent is contacted Just as a telephone conversation, the agent who attends to you will request your social security number and your mother’s maiden name or password listed on the account

The conversation with the representative will continue as if you were on the phone – except in writing!

If at any point you do not respond in a timely manner and the system drops your chat, simply hit the “Back” button on your browser and re-select the “Click Here for Live Help” tab. When the conversation is over – you or the agent may end the session.

What questions may I ask?

You may ask any question you normally would on a telephone conversation such as:

  • When is my next debit scheduled for?
  • May I set up an ACH payment?
  • When was my POA sent out?
  • May I increase my payment so that my accounts can be settled more quickly?
  • Will I receive real time information?

All chats are live and interactive. The agent with whom you are chatting is actively viewing your account and notates it based on what you both discuss. If the agent needs a moment to research information they will ask your permission to do so and check in with you intermittently until they have retrieved the data.

You will still be able to contact us via mail, email, fax and telephone. Also remember that you can access your account online and signing in.

Come chat with us, it’s fast, it’s easy and it’s free!

We just wanted to share with the stories of hundreds of clients before you who joined and sucessfully completed this program.To view these exciting and encouraging stories go to our website and from our homepage, select the “Success Stories” link.

You’ll be thrilled to see a list of nearly seventy creditors that we have secured hundreds of very favorable settlements with. To read specific stories, click on any creditor, then the name of one of our client’s listed.

The list is a small sample of the thousands of success stories that are out there and we invite you to share yours with us when you get to the end of this program. We have created long standing relationships with these creditors… yes, even those who allege that they don’t work with debt settlement companies.

Despite our relationship with these creditors, you must remember that they are going to try to get a 100% payment directly from you or propose pay-off plans that have contingencies attached to them that you may not understand or be aware of.

These clients were successful because they were committed to getting out of debt. They remained committed because they were tired of paying inflated interests rates, over the limit and late fees.

How Do I Become a Success Story?

To complete the program successfully you must remain committed to your own success. Remember these tips:

  • Stay the course
  • Never give in to intimidating creditor tactics Redirect creditor calls to our Creditor Services Department 516.624.1648
  • Make consistent and timely payments
  • Remain in constant contact with us
  • Make copies of all creditor correspondence you receive in the mail and send them to us
  • Respond to correspondence we send to you
  • Be patient with the debt settlement process

Vortex Debt Group is here to provide you with the best service possible; to get you out of debt within 12-36 months; to settle your accounts for less than 50% and generally, to guide you in the path of a bright financial future.

Our Promise

To help people who have a financial difficulty and come across the greatest solution that will please their specific needs. regardless of whether you started slipping behind on your bills or have a hard time making full payments to your creditors, Vortex Debt Group is here to help you.

A company that recognizes Your wants

We understand what it’s like to be in debt and how tough it can be finding a way out. Vortex Debt Group is a superior in the debt settlement industry with almost 20 years of experience. We have a staff of settlers that will try to settle on your debt for significantly less than the full balance that you owe. We are aware of that getting rid of your debt may not be a simple process, that’s why our specialist customer service staff will be available for you all along the way.

Vortex Debt Group gives you with an cost-effective solution to become debt free. Our very skilled representatives will work with you to find the best program that will match your needs. You’ll obtain up to date info regarding the progress of your program and any requests you may have along the road will be answered by our incredibly attenuate consumer service staff. The only course this program will take you is one way and that is the pathway to financial freedom.

Methods that Satisfy Your Requirements

Debt management is one of the greatest substitutes to bankruptcy. It is a specific program to become free of debt. If you have financial hardship, debt settlement may be your best selection. Once you have signed-up into the program, a team of negotiators will work out an arrangement on your account with the creditors. This arrangement is normally a lot less than what you owe. If you don’t think debt settlement is the greatest option for you, that’s okay, we can talk about your other possibilities with you.

When Vortex begins working on your accounts, you can rest comfortable knowing that you are being taken care of. and, you’ll have complete control over all of the settlements made, and you are the only one who can make that ultimate call to take your pre-arranged negotiated offer. With monthly payments going into your special purpose account, you’ll be able to have complete access to see specifically how much you’ve got in your account. So, you have expert negotiators trying to get you the ideal settlements in the trade, you have the last word on every pre-arranged settlement and only you will make the payments to your creditors. Take off the burden from your shoulders.

Savings suggestions:

• hold on to your extra change. Putting aside fifty cents a day over the course of a year will help you to save nearly 40% of a $500 emergency fund.

o Hide it before you can use it.
Out of sight is out of mind. When it comes to cash, out of sight means in the bank; in sight normally means in your wallet. Sign up for an automatic savings plan so that your money is instantly moved from your paycheck to a savings account.

• Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you’ve purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account.
o amuse yourself on a thrifty budget
Remember that having a good outing doesn’t have to mean shelling out a lot of money. Go to dining places that offer buffets or try a BYOB (bring your own bottle) where entrees are usually less expensive. Ethnic food also usually tends to offer better bargains. And if you’re going to the movies, skip the concession stand.

• Never purchase costly items impulsively. Think over each costly purchase for at least 24 hours. Acting on this principle will mean you’ll have way less regrets about impulse purchases, and a lot more money for emergency savings.
o Get rid of debts forever but become the payee.a lot of of us have monthly loan payments, whether for a car loan, credit card debt, a mortgage, or all of the above. When you’ve finally settled a debt, try to keep it up. But instead of sending a check to the lender, deposit the cash into a savings account. You’ve increased your net worth by paying off the debt; now continue to keep up the good work by building up your assets.

• Substitute regular coffee for expensive coffee drinks. The $2 a day you could well save by getting a coffee rather than a cappuccino or latte would allow you, over the course of a year, to completely fund a $500 emergency fund.
o Use your credit card wisely.
Are you reaching for your card for every purchase you make? Try using cash or a debit card for regular items, and limiting credit card usage for more expensive things only. Using the funds available in your checking account will assist you to figure out how to live within your means.

• Shop for food with a grocery list and stick to it. People who do food shopping with a list, and buy little else, spend a lot less money than people who decide what to buy when they get to the grocery store. The annual savings could easily be hundreds of dollars.
o Pay your bills as soon as they come.
Do not throw your bills to the side. Pay off bills as soon as you get them, and if you can not pay the total balance, pay more than the minimum amount due when possible.

• look for the lowest-cost place to get prescription drugs. Make sure to check out not only your local pharmacist but also local markets, area discount centers, and mail-order pharmacies
o Sign up for frequent-shopper club cards.
If you shop at a store frequently, why not sign up for its frequent shopper club cards? Many entitle cardholders to particular discounts and offers.

• Purchase generic over-the-counter medications. Store brand medications often cost 20-40 percent less than nationally advertised brands. The savings could easily go over $100 a year.

o Keep record of all your spending. Try writing down all your purchases for a week and see where you are putting your dollars. Note every dollar you spend – whether it’s a candy bar or a new purse – and see if there are areas where you can spend less money and save more.

o Use only the ATMs of your bank or credit union. Using the ATM of another financial institution once a week could cost you $3 a withdrawal, or more than $150 over the course of a year.
o Use public transportation if you can, try using it. It’s much less expensive and usually less stressful than driving. Check local bus and train routes and contrast the costs with driving a car or even catching a cab.

• Keep your automobile engine tuned and its tires inflated to their proper pressure. Doing both of these things can save you up to $100 a year in gas.
o Do your homework when you travel You might save some money if you’re flexible about dates and where you go. Do your research and look for off-peak season travel dates and destinations. Take advantage of weekend or mid-week travel deals.

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