Our 2024 Pay It Off program reduced noncustodial parents’ debt owed to NYC by over $1 million. The NYC Office of Child Support Services matched parents’ qualifying payments. Learn more about the child support program and other debt reduction services. Visit nyc.gov/hra/ocss.
NYC Department of Social Services’ Post
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Do you have money put away for emergencies? Only about one in every three American's have some type of emergency savings, yet they do not have enough to cover at least three months of expenses in it. While it may be harder to put away money now than ever, it is important to have a backup savings for emergency expenses. Creating and regularly adding to an emergency fund can save you from unwanted debt in the case of an emergency that costs you more than you can afford.
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It’s #DebtAwarenessWeek This week we supported StepChange’s annual campaign which highlights causes of debt, the issues people face when dealing with debt and how you can get support. Getting advice if you’re struggling with debt is important - but not all advice is trustworthy. If you’re not sure where to start with debt advice, we’ve got you covered. Take a look at our online debt advice https://lnkd.in/eX_59T2P
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I help women of color heal ancestral money trauma. Access the Free 7 Day Tapping into Ancestral Money Wisdom Training here: wealthy-money.com/training
SAVE FOR EMERGENCIES One of the things that changed the game for me was saving for emergencies. It's important to consider the importance of saving money for a rainy day because life does happen and nothing throws us off our path faster than an emergency. If you don’t already have a savings account, now is the time to invest in one and start putting aside a small chunk of your income each month to save for the things you want in life. If we don’t have some money set aside we might fall into debt very quickly. I often stayed in the cycle of debt because I had no emergency savings, so whenever an emergency arose, I’d use credit cards and loans to cover everything. What are the money behaviors that keep you in the cycle of debt?
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Another must do tip. It has to start with telling each dollar where to go before you get it and spend it! On this National Cream-Filled Donut Day, there's nothing like a delicious donut reward after taking steps to get financially organized. Was your cream-filled creation in the budget or did it add to the debt? #TakeCharge #ConsumerDebt #FinancialFreedom #MoneyManagement #NationalCreamFilledDonutDay
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Founder & Exec. Chairman of Webmart, a Marxist-capitalist B-Corp; Co-Leader Yorkshire Party; NED; Barnsley FC charity Trustee, hates inequality & vested interest. Ducati & Triumph rider.
Debt Awareness Week This week is Debt Awareness Week which runs from 18th – 24th March and shines a spotlight on the causes for problem debt and how taking time to understand your borrowing and spending habits can help with managing debt effectively. There are lots of things that you can do to better understand your finances, attached and on the below link you can find some information on this subject and where you can find help if you need it. https://lnkd.in/e4sy_uf6
Help with debt
citizensadvice.org.uk
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Dealing with debt can feel overwhelming. We’re here to help you find a way forward. Our website has lots of advice on how you can manage your payments ⤵️
Help with debt
citizensadvice.org.uk
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Debts stressing you out? BBB's got the lowdown on debt consolidation apps. Discover the do’s and don’ts to make your money work for you! https://loom.ly/fzS355E #BBBTip #BBB #nonprofit #business #smallbusiness #smallbiz #LAbusiness #LosAngeles #SiliconValley #BBBFinanceTips #DebtFree #FinanceGuide
BBB Tip: Should you use a debt consolidation app?
bbb.org
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If you got a $1,000 bill in the mail today, could you pay for it without using your credit card or a loan? For 44% of Americans, the answer is no. Your emergency fund should equal at least 3 months of your expenses. Our family has decided that we want 6 months' worth in our emergency fund. Being able to pay for an unexpected ER visit or blown tire brings peace of mind to a chaotic situation. Learn how to budget for an emergency fund: https://lnkd.in/eeT5mJMb
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👉Fun fact: Nearly 1/4 of America Saves Savers choose Emergency Savings as their first savings goal. The easiest and most effective way for our Savers to save is... automatically! We recommend they start with an initial goal of $500, usually in a savings account that they do not have easy access to. Saving for this fund starts with small, regularly scheduled automatic contributions that build up over time! Check out our saving automatically flyer here, and be sure to share with your community! >> https://ow.ly/kJ5850PqvHM #AmericaSaves #EmergencySavings #EmergencyFund #SavingForEmergencies #AutomaticSavings #SavingMoney
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Saving money may feel like a pipe dream when bills and the cost of essentials have risen. However, putting some money aside regularly into an emergency savings fund can help avoid serious debt. If your car breaks down, or the children's school shoes need replacing, then it is better to have money available than to borrow it: https://lnkd.in/d64xXaGV #financialplanning #saving #moneyhabits
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