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take out a loan explore your options. Often times credit unions offer considerably better rates. A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.

Ways to Save:

Pay yourself first. Open a savings account and commit to depositing a modest amount each payday to serve as a resource to fall back on in the event of an emergency.

Evaluate your monthly expenses, eliminate unnecessary purchases.

Take your lunch to work instead of eating out.

Find a co-worker to car pool to work with.

Create a budget you can live with and stick to it.

In today's economy, financial risks are lurking around every corner. It's important that you set aside funds you can fall back on in the event of an unexpected emergency.

Finances can be very overwhelming, if you need assistance, find a nonprofit organization to help you get you finances under control. Be certain to analyze each one and compare. It's equally important that you get recommendations from people who have used their services. The Federal Trade Commission offers helpful advice and resources for consumers who need assistance in credit counseling. Please feel free to visit the FTC at http://ftc.gov/bcp/menus/consu mer/credit/debt.shtm for more information.

Learn more about this author, Donna Vestre.
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