Experian money-saving resources help consumers spring into savings

18/04/2023 01:00 (UTC)

Costa Mesa, Calif., April 18, 2023 To help keep more money in consumers wallets and bring financial power to all, Experian is partnering with nationally-recognized consumer finance and budgeting expert Andrea Woroch to share financial tips and create awareness about a variety of Experian resources that can help consumers find savings now.

According to Experian data, consumers are actively taking steps to cut costs with 56 percent of survey respondents revealing theyve nixed unnecessary expenses within the last three months. Additionally, nearly 2 out of 3 (64%) of those surveyed say even an extra $50 dollars per month would help relieve their financial stress and some have found different ways to keep more money in their pockets every month, including using cash back or rewards programs (41%) and negotiating rates and plans on their bills (19%)[i].

As consumers continue to seek new ways to keep money in their pockets, Experian is a resource offering various services that could make saving a reality.

Find different ways to saveConsumers may not realize they are leaving money on the table paying various expenses. Experian offers resources that can potentially help consumers save on the cost of their auto insurance, monthly bills like their cable and cell phone bills, and find the best credit card for their financial needs. With a CreditWorks membership, consumers can access these benefits:

Learn from the expertWith over a decade of experience sharing consumer finance advice and tips, Woroch will be a guest on Experians Twitter #CreditChat on April 19 to address ways consumers can stretch their dollars in the current economic environment and answer consumer questions.

No matter the circumstances, it is important to practice a few basic money management techniques, such as following a well-laid out budget and looking for different ways to cut back on living expenses, said Andrea Woroch, consumer finance and budgeting expert. I am excited to partner with Experian to show consumers new ways they can save more money quickly and set themselves up for a stronger and more secure financial future.

For consumers looking for more ways to keep money in their wallets, Woroch recommends reducing monthly spend on debt by consolidating credit card debt to a 0% balance transfer card, avoiding impulse shopping by deleting payment and shipping details stored in online retail accounts, unsubscribing from store emails, and consider meal planning to be more strategic and avoid any food inadvertently going to waste. Follow her on Instagram for additional budgeting tips.

Additional savings and credit education resources from Experian:

To start saving today, please visit Experian.com/savings.

About ExperianExperian is the worlds leading global information services company. During lifes big moments from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 21,700 people operating across 30 countries and every day were investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. With corporate headquarters in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

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[i] Experian commissioned Atomik Research to conduct an online survey of 1,012 adults across the United States. The margin of error for the overall sample is +/- 3 percentage points with a confidence level of 95 percent. Fieldwork took place between March 28 and March 31, 2023. Atomik Research is an independent Market Research agency. [ii] The average savings number was calculated using actual Gabi purchasers final savings when comparing the new policy issued with the prior policy. Results may vary and some may not see savings.[iii] Results will vary. Not all bills are eligible, savings are not guaranteed, and some may not see savings. BillFixers customers save $263.69 on average. The average savings was calculated using anticipated savings from consumer negotiations completed in 2021 that resulted in savings.[iv] Results will vary. Not all bills are eligible, savings are not guaranteed, and some may not see savings. Of bills negotiated by BillFixers in 2021 with eligible providers where sufficient bill and verification information was received, 81% resulted in savings. Available with eligible paid memberships.[v] Results will vary. Not all payments are boost-eligible. Some users may not receive an improved score or approval odds. Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost. Learn more.