Personal Loans at Springleaf Financial Services – The Balancing Act


(MUSIC)
DO YOU HAVE A WRITTEN HOUSEHOLD BUDGET? CHANCES ARE THE ANSWER IS NO. THAT’S BECAUSE VERY
FEW OF US WRITE DOWN OUR BUDGETS AND INSTEAD WE BUY WHAT WE WANT WHEN WE WANT. AND WHILE
THIS MAY SOUND LIKE FUN, THESE SPENDING PATTERNS CAN KEEP US FROM GETTING AHEAD FINANCIALLY.
AND IF AN EMERGENCY STRIKES THERE ARE NO RESERVES TO FALL BACK ON. WELL, TODAY WE HAVE SOME
IDEAS ON HOW TO SAVE FOR A RAINY DAY NO MATTER WHAT YOUR INCOME THIS IS POSSIBLE. ESPECIALLY
WITH THE HELP OF MY NEXT GUEST. DIEDRA GWEN, MANAGING DIRECTOR OF SPRING LEAF FINANCIAL.
DEIDRA GREAT TO HAVE YOU IN THE STUDIO. THANK YOU JULIE. THANKS FOR HAVING ME.
YOU KNOW, I JUST WANT TO GET RIGHT TO THE POINT. WHY DO YOU THINK PEOPLE STRUGGLE WITH
CREATING A HOUSEHOLD BUDGET? BUDGETING TAKES COMMITMENT AND DISCIPLINE
AND IT’S VERY TOUGH TO DO. IT’S REALLY A MATTER OF SITTING DOWN AND LOOKING AT YOUR FIXED
AND VARIABLE EXPENSES AND WRITING EVERYTHING DOWN AND IDENTIFYING WHAT YOU CAN GET RID
OF, WHAT YOU CAN ELIMINATE TO IMPROVE YOUR FINANCIAL SITUATION.
AND WHY IS A RAINY DAY FUND SO IMPORTANT IN YOUR OPINION?
WOW. LIFE HAPPENS. YEAH.
AND WE CAN ALL IDENTIFY WITH A JOB LOSS OR AN EXPECTED MEDICAL OR CAR EXPENSE. AND OR
JUST ANY OTHER EMERGENCY, ANY OTHER MAJOR FINANCIAL ISSUE THAT WE NEED TO HELP SUPPORT
THE BUDGET. AND WE HAVE TO REALLY THINK ABOUT THAT. THAT’S
SCARY. LIFE HAPPENS BUT IT JUST DOES. SO WHAT ARE YOU IDEAS ON HELPING PEOPLE TO SAVE?
WELL, LET’S START WITH THAT CUP OF COFFEE THAT WE LIKE TO HAVE EVERY MORNING. THAT EXPENSIVE
CUP OF COFFEE. IT COULD BE SOMETHING THAT SMALL BUT THAT’S A CONSTANT EXPENSE THAT WE
HAVE THAT WE CAN ELIMINATE AND THAT SMALL CUP OF COFFEE ADDS UP AND YOU ADD IT UP ON
A MONTHLY BASIS AND THAT’S SAVINGS THAT WE CAN HAVE IN THAT AREA. BEING ABLE TO BUDGET,
AS WE MENTIONED EARLIER, IS VERY IMPORTANT. SO, TAKING A LOOK AT YOUR EXPENSES AND BEING
ABLE TO SET MONEY ASIDE FOR THAT RAINY DAY FUND.
AND YOUR COMPANY HELPS AND CAN HELP OUR VIEWERS AND MYSELF GUIDE US THROUGH WAYS TO BUGDET
AND WAYS TO SAVE, RIGHT? YES. WE HAVE A BUDGETING TOOL ON SPRINGLEAF.COM
THAT CAN ASSIST WITH BUDGETING. WE ALSO HAVE CREDIT SCORING, VANTAGE SCORE THAT CAN ALSO
HELP YOU IDENTIFY WHAT YOUR CREDIT SCORE IS. AND CREDIT SCORES BRING UP A GOOD POINT. WHAT
ROLE DO THEY REALLY PLAY AND ALSO LOAN DEBT, WHAT DOES THAT PLAY IN YOUR FINANCIAL PICTURE?
YOUR CREDIT SCORE AFFECTS EVERYTHING YOU DO FINANCIALLY. IT WILL AFFECT YOUR INSURANCE
RATES, IT WILL AFFECT MORTGAGE AND CREDIT CARD RATES. IT WILL AFFECT YOUR ABILITY TO
GET A LOAN WITH A BANK. YOU MAY END UP GOING TO A PAY DAY LOAN COMPANY AND PAYING TRIPLE
INTEREST RATES ON YOUR CREDIT JUST BECAUSE OF IT. SPRINGLEAF IS A DIFFERENT TYPE OF COMPANY
AND WE REALLY CARE ABOUT OUR CUSTOMERS AND THEIR FINANCIAL HEALTH AND WE WANT TO MAKE
SURE THEIR CREDIT IS PROTECTED AND THAT THERE ABILITY TO REPAY THEIR LOAN BACK.
FANTASTIC. AND WHEN PEOPLE THINK OF BUDGET, WHY DO YOU THINK IT TAKES ALL THE FUN OUT
OF LIFE AND THAT IT, I THINK THAT IT HOLD FOLKS BACK FROM WANTING TO BUDGET. IT DOES
AND IT’S REALLY NOT THE CASE. IT’S REALLY BEING ABLE TO PLAN FOR A FUN VACATION WITH
YOUR FAMILY AND SAVE THAT MONEY AND HAVE THAT PLAN A YEAR IN ADVANCE. AND MAKE IT HAPPEN
AND ACCOMPLISH IT IS A GREAT FEELING. AND OR SETTING ASIDE 5 OR 10 DOLLARS A WEEK AND
PLANNING A GIRLS WEEKEND OR A SPENDING SHOPPING SPREE.
YEAH. THAT TYPE OF THING IS SOMETHING THAT YOU CAN
LOOK FORWARD TO AND YOU GO AFTER IT. THAT’S A GREAT IDEA. I LOVE THAT. BEFORE YOU
GO. IS THERE ANYTHING ELSE THAT YOU REALLY FEEL THAT PEOPLE SHOULD KNOW ABOUT BUDGETING
AND ABOUT HOW THEY CAN USE SPRINGLEAF. THEY HAVE TO HAVE A COMMITMENT TO THE BUDGET
AND IT’S IMPORTANT. AS I MENTIONED, YOUR CREDIT AFFECTS EVERYTHING YOU DO SO HAVING A STRONG
FINANCIAL HEALTH IS IMPORTANT. TAKING THE TIME TO SIT DOWN AND RIGHT DOWN EVERYTHING,
YOUR EXPENSES, AND FIXED AND VARIABLE, AND CREATING THAT BUDGET GOES A LONG WAY. USING
OUR BUDGET TOOLS. WE HAVE THE BUDGET TOOLS ON OUR WEBSITE AT SPRINGLEAF.COM/BUDGETTOOLS
AND ALSO THE VANTAGE SCORE AND MONEY SKILLS ARE ALL IMPORTANT THINGS THAT WE HAVE ON OUR
WEBSITE THAT ARE HELPFUL TO CUSTOMERS. AND THEY ARE ALSO FREE, RIGHT?
AND THEY ARE FREE. THAT’S THE BEST PART.
VIEWERS LOVE TO TAKE ADVANTAGE OF THAT. DEIDRA THANK YOU SO MUCH. GREAT ADVICE, GREAT INFO.
AND WE LOVED HAVING YOU IN THE STUDIO. THANK YOU JULIE, I APPRECIATE IT.
ALRIGHT, YOU WANT TO KNOW MORE, LOG ON TO THEBALANCINGACT.COM
YOU CAN ALSO FOLLOW US ON FACEBOOK AND TWITTER. (MUSIC)

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