SAN FRANCISCO, Dec. 5, 2011 /PRNewswire/ -- SavvyMoney.com, formerly DebtGoal.com, announced that it has launched an enhanced Web site to help consumers find their way to a better financial future by providing debt payoff and budgeting strategies, as well as money do's and don'ts. Joining the enhanced Web site is industry veteran Jean Chatzky, who will serve as Director of Education for SavvyMoney.com. Chatzky is a personal finance expert and best-selling author of numerous books, including the New York Times bestsellers Pay It Down and Money 911.
For the past three years, DebtGoal has helped consumers pay down their debt, with engaged users paying down an average of $6,200 per year versus $1,100 per year for non engaged users. SavvyMoney.com is a comprehensive resource for information, education and "do-it-yourself" tools for people coping with personal debt. The new site has been launched to assist those dealing with this financial burden and the mounting stresses associated with debt. SavvyMoney.com offers unique, "do-it-yourself" products and services that help consumers organize their debt and set realistic pay-off goals, as well as providing advice on which accounts to pay off first to make the greatest impact.
"We are so excited to launch our comprehensive new site and to have Jean on board, acting as a motivating, educational source for consumers," said JB Orecchia, SavvyMoney's CEO. "Her knowledge and industry expertise in personal finance, combined with our more robust debt management site will be invaluable in helping our customers to make better financial decisions."
"I am thrilled to be working with the SavvyMoney team. Consumers today have shown that they want to make a bigger dent in their debt – but many need a helping hand to get out of debt as quickly and cheaply as possible," Chatzky said.
SavvyMoney.com believes that borrowers in America should know what percentage of their paycheck is consumed by debt and is dedicated to raising awareness of the tools available to improve their debt health, the company said.
"Our concern is that a growing number of Americans face mounting debt, and we want to help them as fast as possible before the situation gets worse," said Orecchia, who was formerly the EVP of Marketing at Experian Interactive. "Most visitors to our site are average Americans with a reasonable amount of debt. Using our customized "do-it-yourself" approach, they can rid themselves of debt and begin to save for the future."
SavvyMoney.com provides an array of both free and paid solutions that allow Americans to take full control of their financial lives. The launch of SavvyMoney.com will give customers the complete solution to addressing their debt problems by providing access to these programs and a wealth of information about handling personal debt, all in one location.
SavvyMoney.com is a comprehensive resource for people paying off debt and taking control of their finances. SavvyMoney.com offers "do it yourself" debt help with free tools and advice on how consumers can manage and expedite paying off their debt. The site is also the home of the SavvyMoneySmart Pay Plan – a membership program, described as 'WeightWatchers for debt." The Smart Pay Plan is designed to keep consumers on track to pay off their debt in the smartest, fastest, cheapest way possible. For more information, visit http://www.savvymoney.com.
About Jean Chatzky
Jean Chatzky is award-winning journalist, best-selling author, and the financial editor for NBC's Today Show. Chatzky is the personal finance contributor for Newsweek/The Daily Beast, and a columnist for The New York Daily News. Her book, Pay It Down, was the basis for the Debt Diet on the Oprah Winfrey Show, She has been honored with multiple awards for her work to educate consumers about their money; providing important information and smart steps for getting out of debt, and was named one of the best magazine columnists in the country by the Chicago Tribune. Chatzky provides up-to-date information and solutions in her daily blog at www.jeanchatzky.com. For more great financial tips and insight, follow Jean on Twitter http://twitter.com/jeanchatzky and become a fan on Facebook http://www.facebook.com/JeanChatzky.
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