Best Way to the Savings Account You Could Have

Not everyone of us has savings thru different banks or account types. It can seem so complicated to have savings when you feel like you are in trouble with debt, and you literally can’t figure out how to manage it yourself. This is why we stand as Credit Repair Nerds of Colorado to make the difference in your life and start the journey of having multiple savings for the sake of your better future.

Savings, it is a portion of income you could have from your employment or business that you do not allow to be spent on any expenditures or liabilities. But think of it as money spent. It could be $1 a day, or $1 a week to start. It’s not always about how much you’re putting away, it’s more about the habit and the discipline at first.

How do you start Saving? This is really a big question mark where, when and how to start saving. 

  • Pay all of your current debts. If you don’t know how to, try talking to the expert team at Credit Repair Nerds of Colorado. 
  • Start small. It might not seem like much but that’s the idea- putting a small amount into your savings account. Ensure that whatever the amount is, you are not going to be tempted to use it, or be tempted to pull it back out.
  • Separate your savings to your expenditures. Get a separate, detached account for saving if necessary. 
  • Set up a savings goal such as having a savings calendar.

If you would like to pull a copy of your comprehensive consumer credit reports to see where you currently stand with your debts and how they are reporting to the bureaus, you can follow this link. If you need help understanding how to read this report you can schedule an appointment with one of our credit experts or credit counselors by calling 541-977-5068 or 719-220-4901

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