An AARP currency card provides loose tools, tips for reducing debt and expenses. And you don’t have to be an older adult for it!FOX 26 Consumer reporter Heather Sullivan shows us how to do it.
HOUSTON — Rising inflation and debt are keeping other people from making ends meet.
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AARP has introduced you to a new online tool: AARP Money Map.
You can use it on your phone or desktop computer. Simply enter your bills or debt expenses. You can set a budget, reduce your bills, and find methods to reduce your debts or bills.
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It is loose and for people over 18 years old. You don’t have to be a senior or AARP member to use it.
Let’s explore the site: Let’s say you have an overdue medical bill. First, AARP Money Map shows you your rights and options, such as negotiating invoices with the provider.
Click Learn How. It links you to data about how to negotiate bills or where you can get help, such as a patient advocate.
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You can also enter your city, state, and zip code, and this will put you in touch with charities that offer medical expenses.
“Let’s say you have a bill that you don’t know how to pay or you don’t know where to start,” says Mary Liz Burns, a spokeswoman for AARP, explaining that on the site users can locate their options.
SULLIVAN’S SMARTER SENSE
Here you enter the type of debt, such as a credit card. List your balance owed, the minimum payment due, and how much you can afford. If you can’t pay, he’ll give you suggestions, such as adjusting your budget or asking a creditor to reduce your monthly payment.
“Or maybe you need to create a budget,” Burns said. We have teams and resources you can use 24/7 that help you step by step, with tips and an action plan to control your finances and expenses. “. “
Financial strategist Lance Roberts claims that the giant inflation has been due to the fact that the government has brought gigantic amounts of cash into citizens’ wallets through COVID relief funds.
To set a budget, you need to enter your monthly income stream and click on your expenses, such as rent, utilities, groceries, and childcare. Then, enter the amount of those expenses and he will offer you methods to reduce your expenses.
“We developed AARP Money Map to be absolutely secure and personal with your information,” Burns said. “We are not connected to any monetary account. There is no advertising to sell you products. “
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You can AARP Money Map here.