This post is part of a social shopper marketing insight campaign with Pollinate Media Group® and Payoff, but all my opinions are my own. #pmedia #payoffmindset #whatsyourpayoff

credit card debt

Healthy Finances for the New Year –

I think January is a wonderful time to really dig in deep to your finances, and make a plan to have a healthy financial year.  Most of the trauma from Christmas spending has sunk in, the bills have arrived, and if you’re one of the unlucky few that didn’t withhold enough taxes throughout the year, then April 15th will be likely weighing on your mind. 

Setting aside a few hours to assess your financial health will set you on the right track for the year.  I recommend this strategy: 

  • Create a list of all of your financial assets and liabilities.  
    • Assets include: checking and saving account balances, cash on hand, investment accounts, property (automobiles and real estate) and any other substantial personal property. 
    • Liabilities include: anything that you owe to another person or organization.  Examples include credit card debt, mortgage, car payments, personal loans, or student loans. 
    • Your net worth is what is leftover when you subtract your liabilities from your assets.  
  • Make a list of all of your debts, from smallest to largest.  Include the balance on the debt, the interest rate you’re paying, and your minimum monthly payment. 
  • Make a list of any monthly income you are earning, along with any other monthly expenses (including debt payments).  This is the basic structure for a monthly budget. 

This should give you a fairly good picture of your financial health.  Obviously, you want your net worth (assets minus liabilities) to be a positive number.  Ideally, your income should exceed your expenses, as well, or you know you have a budget issue.  

If you find yourself like a majority of Americans, you may be anxious to pay off your credit card debt, and free up some monthly cash.  I personally just went through this process of credit card consolidation for a few reasons.  One – I wanted a guaranteed date when my credit card debt would be paid off.  Two – it saved me money on interest to consolidate, and there was the advantage of only having to make one monthly debt payment, versus several. 

If you find yourself in this situation, and are wondering where to go to look at consolidating credit card debt, I recommend checking out In only a few minutes, you can see if you qualify for a loan (which will not impact your credit score), and determine if it can help you pay off your credit card debt, once and for all. 

With the help of, you can start your journey to becoming financially healthy!  There are a lot of debt consolidation companies out there that are in it for profit, and not to help you. isn’t one of them.  They are in the YOU business, and their number one concern is to help you move forward in life, and achieve your dreams. 

To apply for a Loan: 

First thing you do is go to, and enter in how much credit card debt you have, an estimate of your credit score, and what you will do with the money you save when you payoff your credit cards: 

payoff intro page

The next screen asks some basic personal information, and lets you setup an account.  I really appreciate the reminder here that filling out the application DOES NOT affect your credit score.  (How many loan applications can say that?!) You don’t even need to put in a social security number at this point. 

no credit score change

Next, will search for the best rate available, based on your debt level and estimated credit score.  This process takes about a minute.  

looking fro savings

Then it displays the results, with a variety of options for you, if pre-approved for a loan.  With the data I input, it showed my estimated interest rate, with 3 different financing options (36, 48 or 60 months) and a projected monthly payment.  

Of course, the longer the term of the payoff, the higher the interest rate.  It would be advantageous to opt for the shortest payoff period within your budget’s constraints, because it will save you money in interest, and will get you out of debt more quickly. 

Not approved for a loan?

Sometimes it isn’t in the best interest for either party to initiate a loan.  If you fall into this pool, be sure to log back into for some great advice on understanding your credit score, what impacts it, and how to improve it.  They also show you how to get a FREE copy of your credit score, so you can see if there are any delinquent or outstanding debts that you may be unaware of. 

credit tips

Get Financial Advice with Payoff Lift

I love that there is a whole wealth of information on financial health on  

If you are not approved for a loan, you can log into your account to view their Lift program, absolutely free.  With Lift, you can learn: 

  • More about your credit 
  • Your financial personality type 
  • Tips on how to manage your money responsibly 
  • How to analyze your spending, and learn where to cut back to save money 
  • Tips on how to quit using credit cards 
  • How to save money
  • How to stay out of debt
  • How to boost your earnings (in order to pay off your credit cards faster)

get to know your spending

With the money I am saving on consolidating my credit card debt, I am able to have a more comfortable budget.  That will be especially useful when baby #2 comes in a few months, and our daycare costs increase!  We are also planning a trip to Disneyland at the end of the year, and want to save up and pay for the trip without using any credit cards.  

Once you put your focus on making strategic financial moves, you can alleviate a lot of stress in your household, and open your future up to new opportunities.  Becoming debt-free has been an important goal of mine, since I graduated college, and I am hoping to accomplish that in the near future!  

Be sure to follow Payoff on Facebook for payoff tips, financial advice, and to join in a community for support. 

All material on this website is provided for your information only and may not be construed as medical advice or instruction. Posts may contain affiliate links, which helps me buy supplies to make more great posts to share! Please see my Disclaimer Section for additional information.
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