Best Debt Companys

163 Companies 5,416 Real Customer Reviews

Is Your Appetite Costing You Money? Cut These Bad Food Habits and Cut Your Debt

Posted By:  |  April 23, 2014  |  0 Comment(s)

fancy dining

Sometimes when it’s hard to make ends meet, you can have difficulty finding out why. Sometimes, though, the answer is as plain as what is on your plate. Are your bad food habits the reason you can’t pay your bills? Here’s how you can determine if your food habits are starving your bank account and keeping you in debt.

The Lure of the Restaurant

Restaurants are extremely expensive, and frequently eating out will drain your accounts faster than you can say “check, please.”
Not only does the food itself cost more – understandably, since someone else prepares it for you – but the taxes, gratuities and drinks add up to a staggering amount. It’s fine to treat yourself once in a while, especially if you like to support local businesses, but try not to make it a regular habit. Get yourself excited and educated about cooking at home – whatever it takes.

A Latte a Day Throws Your Money Away

Financial gurus refer to something called the “latte factor” – the tendency of a little habit to add up to a big expense over time. For example, if you have a latte once or twice a day, you’re spending between four and eight dollars per day that you could easily be saving. That’s $1460 and $2920 per year. If you were to invest that money or put it in a high-interest savings account, you could have an extra $20,000 after five years (calculate here, if you want: money calculator.)

Buying Your Groceries When You’re Hungry

You may have heard this from your parents already, but it’s great advice: don’t shop hungry. When you’re hungry, you tend to be less patient, more irritable and far less rational in your choices. You will gravitate toward junk food much more easily, because you can’t handle the prep time it would take to create a healthier meal. As prepared food is typically more expensive than raw food, you’ll end up spending much more money than necessary. If you take a minute to have a filling snack before heading out to buy groceries, it could save you hundreds – even thousands – over the course of a year.

Waste Not, Want Not: Plan for Leftovers

The word “want” in this famous old saying actually means “need” – the idea being that if you don’t waste anything, you’ll always have what you need. This applies quite strongly to food. Stock your kitchen with food storage supplies, so you always have an easy way to keep leftovers fresh. Try to use perishable foods first – whether it’s in soups, salads or stews – so they don’t spoil. All that spoilage in the crisper is just money down the drain. Clear out your fridge and freezer regularly, and keep tabs on what’s coming and going.

Shopping Perimeter: Say No to Empty Calories

Make sure your food dollars are going toward real food, not snacks that make you feel satisfied without actually feeding you. By taking the time to choose nutrient-rich food like fruit, veggies, grains and protein, you’ll feel full longer – and the vitamins and minerals in the food will make you healthier, saving you even more money in the long run. A useful tip for choosing good food is to shop the perimeter of the grocery store, where fresh, healthy food is stocked, and avoid the aisles, which are full of processed, high fat items with little or no health benefits.

Food costs are rising, but that doesn’t mean you can’t save money at the grocery store. The simple act of eating doesn’t have to ruin your finances. Tightening your belt in small ways – planned rather than impulse shopping, cutting down on the coffee purchases, cooking at home and using the food you have before it goes bad – can add up to big savings over time, and that will take a nice big bite out of your debt.


  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

Recently Reviewed:

Trending Blog Post:

Want us to review a company?

If there is a debt company that you don't see on our site, and would like us to review, please contact us.

Real Reviews (yes they’re real)

With so many debt relief companies out there, and a lack of sites willing to bring you the HONEST breakdowns of each company, what source can you turn to for the real information you can trust?

We are dedicated to bringing the truth out, and rank debt relief companies as they should be. Through our investigation, and experience with each company, we rank each company, and bring you our honest, unbiased opinion. We also include authentic user reviews by past customers of each company that are moderated and verified.

Like many sites, we are compensated through affiliate relationships with each company we review, however all of our rankings are based on our 11-Point Ranking Criteria.

All reviews are subject to moderation and approval. Any reviews that may resemble false information, or competitors of another company will need to be verified by our staff before being approved and published. We reserve the right to approve or deny any reviews left on this site.