Financial Fitness 411: SMART Money Management – The Balancing Act


(MUSIC)
DO YOU OWN A CAR OR MAYBE A HOME? DO YOU OWE MONEY ON ONE OR
BOTH OF THOSE? WELL MILLIONS OF AMERICANS DO. AND HOW WOULD YOU
LIKE AN EASY WAY TO PAY OFF THAT MORTGAGE FIVE YEARS SOONER? OR
REDUCE MONTHLY PAYMENTS ON THAT CAR LOAN BY AS MUCH AS EIGHT
MONTHS? LOVE THIS. PAY OFF THOSE BIG BILLS FASTER AND ELIMINATE
YOUR BILL PAYMENT HASSLES. OUR NEXT GUEST IS AN EXPERT AT
HELPING CONSUMERS DO EXACTLY THAT. AND HE’S HERE TO TELL US
HOW EASY THIS CAN BE. JOINING US THIS MORNING IS DAVID ENGELMAN,
CEO FOR SMART PAYMENT PLAN. GOOD MORNING DAVID.
GREAT, THANKS FOR INVITING ME. THANKS FOR BEING HERE. LETS
START WITH KIND OF LIKE THE BIGGEST CHALLENGES TODAY THAT
PEOPLE FACE WHEN PAYING THEIR BILLS. WHAT IS IT?
FIRST IT’S THE HASSLE. YOU HAVE CHECKS, STAMPS, ENVELOPES, DUE
DATES, LATE FEES. KEEPING TRACK, THEN YOU HAVE TO
PAY LATE FEES. YOU GOT IT. AND THEN THE
BUDGETING ASPECT. UM MOST AMERICANS GET PAID TWICE A MONTH
AND THEIR BILLS ARE DUE ONCE A MONTH. AND OFTEN TIMES THOSE
BILLS ARE DUE OUT OF THE SAME PAYCHECK. AND BECAUSE WITH CASH
FLOW ISSUE PAYING YOUR RENT OR MORTGAGE AND YOUR CAR PAYMENT AS
WELL AS YOUR TAXES OUT OF YOUR FIRST PAY CHECK AND SO IT
BECOMES EASIER IF YOU BREAK THOSE DOWN INTO SMALLER AMOUNTS
THAT MATCH YOU PAY DAYS. AND LET’S BE HONEST. DOING THAT
TAKES ALOT OF DISCIPLINE, ALOT OF RESPONSIBILITY, ALOT OF
PEOPLE DON’T HAVE ALOT OF TIME ON THEIR HANDS SO YOU HAVE A
SERVICE THAT KIND OF AUTOMATES THE BILL PAYING PROCESS. HOW
DOES IT WORK? WALK ME THRU IT. WHAT WE DO IS WE DIVIDE YOUR
BILL PAYMENTS INTO YOUR PAY DAYS AND WE AUTOMATICALLY DEBIT THOSE
SMALLER AMOUNTS WHEN YOU GET PAID. SO FOR EXAMPLE THE AVERAGE
RENT OR MORTGAGE WHICH IS $1,000 AND THE AVERAGE CAR PAYMENT IS
$400. OK.
OFTEN TIMES THOSE ARE DUE AT THE BEGINNING OF THE MONTH. THE
AVERAGE AMERICAN MAKES ABOUT $2,000 PER PAYCHECK. AND SO
AFTER THE TAXES ARE TAKEN OUT AND THE RENT OR MORTGAGE AND
THEIR CAR PAYMENT, THEY HAVE VERY LITTLE LEFT OVER TO GET TO
THEIR NEXT PAY DAY. THAT’S TRUE.
WHAT WE DO IS WE DIVIDE THOSE BILLS IN HALF, MATCH THEM TO
COINCIDE WITH WHEN YOU GET PAID SO IT IMPROVES YOUR CASH FLOW.
IT BALANCES YOUR CASH FLOW THRU OUT THE MONTH AND AH MAKES IT
EASIER. IT’S AN AUTOMATED PROCESS AND SO IT’S A SET IT AND
FORGET IT PLAN. IT ALSO PAYS DOWN YOUR MORTGAGE. IT PAYS DOWN
YOU CAR PAYMENT FASTER. SO YOUR PAYING YOUR DEBT OFF FASTER AND
IT’S A MUCH EASIER AND MORE CONVENIENT WAY TO PAY YOUR
BILLS. IT’S ALMOST LIKE HAVING A
PERSONALIZED ACCOUNTANT IF YOU WILL.
IT IS. WE’RE A BILL PAYMENT SERVICE WHICH MEANS THAT YOU CAN
CALL US AT ANY TIME AND IF YOU HAVE A HASSEL OR A PROBLEM WITH
A BILL THAT’S NOT CREDITED PROPERLY, WE TAKE CARE OF ALL
THAT FOR YOU. WE ELIMINATE YOUR BILL PAYMENT HASSLES.
AND I CAN SEE WHAT THEY ARE BUT TELL ME THE BENEFITS OF DOING
SOMETHING LIKE THIS. WE ACTUALLY POLL AND SURVEY OUR
CLIENTS AND SO THEY OVERWHELMINGLY TELL US IT’S THE
CONVENIENCE OF HAVING THE SMALLER PAYMENTS THAT MATCH
THEIR PAY DAY WHICH REDUCES THEIR FINANCIAL STRESS, IT
BALANCES THEIR CASH FLOW, THEY HAVE MORE MONEY THRU OUT THE
MONTH, THEY PAY OFF THEIR LOANS FASTER.
UH HUH. SIGNIFICANTLY FASTER ON HOME
MORTGAGES AH AND CAR LOANS. AH IN ADDITION THEY REDUCE SOME
INTEREST CHARGES, YOU PAY LESS TO THE BANK SO YOU SAVE SOME
MONEY. AND UH FINALLY, IT AH IT JUST MAKES THEIR LIFE EASIER.
YOU HAVE TWO TAG LINES THAT I’D LIKE TO READ THAT I LOVE. ONE
SAYS, MATCH IT, SET IT, FORGET IT. AND THE OTHER ONE SAYS LET
US PAY YOUR BILLS. UM WHAT KIND OF FEED BACK ARE YOU GETTING
FROM PEOPLE? WELL IT’S OVERWHELMINGLY
POSITIVE RESPONSE. AND OUR CLIENTS SAY THINGS LIKE WE LOVE
YOUR SERVICE. THIS HAS SIGNIFICANTLY MADE MY LIFE
EASIER. IT ELIMINATES THE HASSLES AND HEADACHES THAT ARE
ASSOCIATED WITH PAYING BILLS. AND I FOUND TWO HERE. I’D LIKE
TO READ THEM IF YOU DON’T MIND TO SHARE WITH MY VIEWERS.
SURE. THIS IS ACTUALLY FROM HASEL AND
SHE SAYS I LOVE SMART PAYMENT BECAUSE I DON’T HAVE TO WORRY
ABOUT PAYING THOSE BILLS. THANKS. AND THIS ONE FROM
KIMBERLY IS REALLY A GOOD ONE. LOVE, LOVE, LOVE YOU GUYS.
YOU’VE TRANSFORMED HOW I PAY MY BILLS AND BUDGET MY MONEY. I NOW
HAVE MORE MONEY AT THE END OF EACH PAYDAY TO PUT INTO MY
SAVINGS ACCOUNT AND FOR THE FIRST TIME IN MY LIFE, I’VE
SAVED OVER A $1,000. THANKS FOR ALL YOUR HELP. I COULDN’T HAVE
DONE IT WITHOUT YOU. I MEAN THAT REALLY SAYS ALOT DAVID.
YEA AND IT’S OVERWHELMING THAT THE RESPONSES ARE ALL SIMILAR TO
THAT AND PEOPLE ARE USED TO PAYING A BILL ONCE A MONTH. BUT
THEY GET PAID TWICE A MONTH AND SO IT’S THAT MATCHING THE
SMALLER PAYMENT TO THE PAY DAY THAT REALLY SIMPLIFIES
EVERYTHING. QUICK QUESTION. IF I FOR EXAMPLE
HAVE UM MY CAR PAYMENT COMING OUT OF MY BANK ACCOUNT LETS SAY
AND MAYBE MY CABLE COMING OUT OF MY CHECKING ACCOUNT. SAME THING
IF YOU WILL. HOW DOES, DOES THIS WORK FOR ME?
YEA IT WORKS FOR EVERYBODY AND THE REASON IS IS THAT YOU LET
THE CABLE COMPANY AUTOMATICALLY DEBIT THE AMOUNT OR YOU LET YOUR
MORTGAGE COMPANY AUTOMATICALLY DEBIT. THEY’RE GOING TO DEBIT IT
WHEN THEY WANT IT. OHHH I SEE.
NOT WHEN YOU GET PAID. WHEN I NEED THEM TO DO IT.
WHEN IT’S BEST FOR YOU. SO WHAT WE DO, WE MAKE YOUR BILL
PAYMENTS BEST FOR YOU BASED UPON WHEN YOU GET PAID.
OK. AND THEIR SMALLER AMOUNTS AS
OPPOSED TO ONE LARGE PAYMENT. AND I KNOW YOU AND YOUR COMPANY
HAVE WON A PRESTIGIOUS AWARD TWO YEARS IN A ROW. TELL US ABOUT
THAT QUICKLY. LEADING AUTOMOTIVE DEALERS
THROUGH OUT THE NATION INTRODUCE OUR SERVICE WHEN PEOPLE ARE
BUYING CARS AS AN EASIER WAY TO MAKE CAR PAYMENTS TO PAY THOSE
LOANS OFF FASTER. AND SO THOSE 20,000 LEADING DEALERS
THROUGHOUT THE COUNTRY ARE SURVEYED AND BASED UPON THEIR
RESPONSES, WE WON THE DIAMOND AWARD WHICH IS THE HIGHES AWARD.
AND IT’S BASED UPON THE VALUE OF OUR SERVICE AND OUR CUSTOMER
SUPPORT. THAT’S WONDERFUL. ALRIGHT, SO
FOR VIEWERS OUT THERE AND I THINK THIS CAN HELP ALOT OF
PEOPLE IN THIS COUNTRY, WHERE CAN THEY GET MORE INFORMATION.
WELL JUST A PHONE CALL AWAY. IT’S 888-88-SMART OR YOU CAN
FIND US ONLINE AT SMARTPAYMENTPLAN.COM
SMARTPAYMENTPLAN.COM THAT’S IT.
SMART WAY TO GO. GREAT, THANK OLGA.
THANK YOU SO MUCH DAVID. THANK YOU.
THANK YOU FOR WHAT YOU DO AND IT’S GREAT INFORMATION. AND IF
YOU’D LIKE TO GET GREATER DETAILS REGARDING THIS TOPIC,
JUST VISIT OUR WEBSITE THEBALANCINGACT.COM OR GET A
LITTLE BIT SOCIAL. SHARE WITH US THE FRUSTRATIONS YOU’VE HAD
TAKING CARE OF THOSE MONTHLY BILLS BY LOGGING ONTO
FACEBOOK/THEBALANCINGACTFANS. (MUSIC)

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