7000 Peters Creek Rd., Roanoke, Virginia
1-866-260-5994		 CCCS of Southwest Virginia
Education Center Immediate Counseling
  Online Articles
   Credit Reports
   Home Foreclosure
   Credit Card Law
   Bankruptcy
   Credit Repair
   Establishing Credit
   Consolidation Loans
   Home Buying
   Money Management
  Resource Center
   Advice Team
   Credit Education
   Lesson Plans
   Kids Pages
   Online Counseling
   Office Locations
   Other Resources
   Bankruptcy Counseling
   Bankruptcy Education
   Online Newsletter
   Email address:
   
   
   
   Sign up for our free
   newsletter to receive
   weekly educational tips
   for balancing your
   budget, making ends
   meet and achieving
   your financial goals.
   
   Click here to view
   a sample of the Money
   Management
   International
   newsletter
   Your privacy is protected.
   Your email address will
   not be shared with a
   third party.
  Online Workshops
   MoneyChoices.com
  Planning Tools
   Travel Planner
   Money & Credit

Nine Rules to Money Management
 
 
  1. PLAN – Plan for the future. Plan for major purchases and periodic expenses like car insurance, Christmas and taxes.


  2. SET FINANCIAL GOALS – Determine your family’s short, intermediate and long range financial goals.


  3. KNOW YOUR FINANCIAL SITUATION – Determine monthly living expenses, periodic expenses and monthly debt repayments. Compare monthly outgo with monthly take home income. Be aware of your total indebtedness.


  4. DEVELOP A REALISTIC SPENDING PLAN – Follow your plan as closely as possible. Evaluate your plan by comparing actual expenses with planned expenses.


  5. DON’T ALLOW EXPENSES TO EXCEED INCOME – Don’t charge more every month than you are repaying to your creditors. Avoid paying only the minimum on your revolving charge cards.


  6. SAVE – Save for expenses, which occur infrequently, such as car and home maintenance. Save 5 to 10% of your net income. Accumulate 3 to 6 months’ salary in an emergency fund.


  7. PAY YOUR BILLS ON TIME – Maintain a good credit rating. If you are unable to pay your bills as agreed, contact your creditors and explain your situation. Contact Consumer Credit Counseling Services of Southwestern Virginia at 1-866-889-9347 for professional advice.


  8. USE CREDIT WISELY – Use credit for safety, convenience and planned purchases. Determine the total you can comfortably afford to purchase on credit. Don’t allow your monthly credit payments (minus your housing expense) to exceed 20% of your net monthly income. Avoid borrowing from one creditor to pay another.


  9. KEEP A RECORD OF DAILY EXPENDITURES – Be aware of where your money is going. Use a spending diary to assist you in identifying where adjustments need to be made.
  

| Home | Privacy Statement | About CCCS | Contact CCCS | Site Map |
CCCS, A Division of Money Management International
Regional Headquarters - 7000 Peters Creek Rd., Roanoke, Virginia
Corporate Address - 9009 West Loop South, Seventh Floor, Houston, TX 77096
It’s time you discovered financial freedom through Consumer Credit Counseling Services. Call 1-866-260-5994 or start counseling online today.