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(The Crescent-News; By: Wendy Bryant Scheurich)
Along with gaining weight after all the Christmas meals, desserts, and snacks, some people find their credit card has also become a little heavier than expected after the holidays.
Getting out of debt typically isn’t as easy as getting into debt, but according to the Federal Trade Commission (FTC), as well as a local financial coach, individuals can take some steps to get back on track. [...]
A good first step is to make a budget that includes writing down the regular monthly bills that might consist of rent or mortgage, car, utilities, phone, TV and internet charges, insurance, money spent on food, gas and other items, which will help to define where the money goes and show how it might be spent differently to be more beneficial, according to the FTC site, where a budget worksheet is also available.
Suzie O’Neal, financial coach for Northwest Ohio Community Action Commission’s Financial Opportunity Center in Defiance, agrees with that approach.
For new clients, she collects their basic information to give her a “snapshot of their current finances.” She also completes paperwork for the Community Services Block Grant (CSBG) that funds the non-profit’s program, which is free to residents of Defiance, Paulding, Henry, Van Wert, and Williams counties. >>> READ ARTICLE
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