Put debt on diet; enter to win $500

Gas prices are going up; paychecks are going down. Some extra cash about now would go a long way, wouldn’t it? It’s time to take our Debt Slimdown Challenge and be entered to win $500 that can help you pay off bills.

All you have to do is tell us what goal you have for your finances, how you plan to get there and your contact information. Click here for the entry form. But you need to hurry. The deadline is March 18.

We’re looking for entries that demonstrate a real commitment to changing bad financial habits and eliminating debt. Your goal may take several months to achieve and that’s OK. For now we just want to know your plan. Really stretch; we know you can do it.

It’s a great time to get your finances in shape, and for most, losing debt can make the biggest difference. We’ve got the tools to help – budget advice, tips to improve your credit score and steps that can help you pay off debt faster.

Start by considering a personal loan to consolidate your bills. Our staff can guide members through the process after reviewing their credit report and personal situation.

With our competitive low rates, you can pay off credit cards and make a single payment at a fixed rate instead. Payments may be the same although you’ll eliminate the debt much faster and save interest in the meantime.

And that’s just the beginning. Like any exercise regimen, it takes practice. Start with a good attitude and a plan, add discipline and realistic goals, and you’ll be on your way.

  • List income and expenses, and then determine wants and needs. Food and housing are needs; premium TV is not. Lay a strong foundation before you do any heavy lifting.
  • Consider refinancing your home at a lower interest rate, which can reduce your monthly payment and help you save interest over the life of the loan.
  • Review your home and auto insurance. Has your credit score gone up? That could mean a lower premium. Remember, Family Trust members get a discount at Gill Insurance Agencies. They’ll review your coverage for free.
  • Review income taxes. If you’re getting a hefty return, you may want to adjust the amount withheld to get more in your pocket each paycheck. Put the extra into savings.

Let Family Trust help you put your debt on a diet. You can count on us to be your personal trainer.