Plug for 2-1-1

Friday, April 15, 2011

We all know the value of being able to call 9-1-1 in an emergency. Back before the days of cell phones and Google, we also knew the value being able to call 4-1-1 for information.

But I’m regularly surprised that a large portion of our population does not know about 2-1-1. All 50 states, plus DC and Puerto Rico have 2-1-1 call centers. 2-1-1 is an invaluable referral line for help with food, housing, employment, health care, counseling and other issues.

If you’d rather surf, check out www.211.org. When you’re experiencing a financial or an emotional emergency, 211 is the number to call.

Todd

Todd Christensen
Director of Education
www.NationalFinancialEducationCenter.org
Facebook: MoneyDay2Day
Twitter: Day2DayMoney

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Published in: on April 15, 2011 at 5:10 pm  Leave a Comment  
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Saving or Deferred Spending?

Saving GoalsHaving read “How to Create Barriers to Your Savings” by PT Money today on WideBread, I was reminded of wish that in my college days, I had, first of all, thought of savings as savings and not as “deferred spending,” and second, that I had protected my savings from myself. I raided it pretty regularly every 3 to 4 months.

Now, in our workshops at Debt Reduction Services Inc, we teach this very concept for emergency savings. Automate the deposits into your savings accounts, but make it difficult to get to them. Unless you’re extremely disciplined, you should not even have your savings with the same bank/credit union as your checking.

Creating online savings accounts can be a good idea too, unless even transferring money from the comfort of your own home and waiting a few days is still too much of a temptation. Otherwise, you could consider using a bank or credit union that doesn’t have a branch within 20 miles of your home, work, or other area you frequent regularly. And certainly ask them to block any online or telephone transfers capabilities.

That way, if you have to actually go into a bank or credit union to withdraw the funds, it’s much more likely that it would take a real emergency to motivate you to do so.

Todd Christensen
Director of Education
www.NationalFinancialEducationCenter.org
Facebook: MoneyDay2Day
Twitter: Day2DayMoney

Published in: on July 23, 2010 at 12:19 pm  Leave a Comment  
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