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| Credit Answers > Debt-Management-Articles-2010 > Boost Your Reserve Account |
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Below are some suggestions on how to build your reserve account. We realize that everyone has a different set of circumstances. However, it is important to add money to your reserve
account whenever possible so that you can obtain a debt settlement sooner!
Cancel Expensive Gym And Health Club Memberships.
Staying healthy and active are major priorities. However, a gym or health club membership can become a pricey monthly expense, especially if you find yourself not using the facilities that often.
Consider finding less expensive ways to exercise and stay in shape. For example, walk or jog in a local park with friends or family members. Do floor exercises while playing your favorite music. If you like
fitness equipment, look in your local classified ads. Many people sell exercise machines for a fraction of the cost or may even give them to you for free if you haul it.
Return Purchases.
If you change your mind about a purchase or do not feel that you need it, you may have the option of returning it to the store and receiving a cash refund. Call the store or look on the receipt for the
return policy. If you meet the requirements, consider taking advantage of this option.
Also, if you are dissatisfied with a product that you have opened or used, some stores may also be willing to give you a refund. In this case, it may be a good idea to call the store and explain your
situation to the manager. Many retail establishments strive to ensure that you are pleased because they want you as a customer.
Eliminate Extra Telephone Features.
Review your telephone bill. Do you have services such as call forwarding and three-way calling that you do not use that often?
Sometimes, representatives pressure customers to sign up for expensive packages that you may not need. Also, consider if it would be less expensive to use your cell phone and just keep basic service on your
home phone or vice versa. Try not to pay for services twice if it is not necessary. For example, cancel voice mail on your home phone if you have the service on your cell. If you find that you are constantly
exceeding your limit of cell phone minutes, contact your cellular company to see if they have other options that meet your needs.
Re-evaluate Your Need For A Large Number Of Television Stations.
Having hundreds of television channels at your fingertips has become quite normal among American households. However, premium television services can be costly. It is not uncommon for a cable bill to reach
$100 or more if it is packed with all of the extras. Decide if all of those channels are absolutely necessary. Consider opting for basic cable services. This may sound extreme in this day and age, but you
may also consider eliminating cable completely, especially if you are able to receive good reception with an antenna. This decision would be quite a savings.
Put Your Holiday Bonus To Good Use.
During the Christmas season you may receive a payout from your holiday savings fund (also known as a Christmas Club), or you may get a holiday bonus at your place of employment. If possible, consider
putting some of these funds towards your reserve account.
Don't pay fees on your hard-earned money. If you are paying a monthly fee to maintain your checking account, contact local banks in your area to see if they offer free checking account services. However,
before signing up, read all of the fine print. Some banks may charge fees if you exceed your monthly number of debit transactions and ATM withdrawals. Be sure the account you choose meets your needs.
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Get Debt Relief Now!
For a free consultation call 1-800-297-6417 or start by filling in the form below and one of our specialists will contact you. We are here to help you 24 hours a day.
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