Loans are okay if you have a good plan for paying them back. It is the same system for mortgages, credit cards or personal loans. Your Destination: A purchase APR is the rate consumers are charged. This is the rate of purchasing a product or service and paying interest over …
You will want to pay the total amount of the credit card’s statement balance to avoid being charged interest. It is a good idea to establish a credit score, which you can do by becoming an authorized credit card user for a family member or a friend. This will help …
Your Destination: For anyone to save money or know what to spend it on, you must distinguish between luxuries and necessities. Travel Kit: Necessary items are things you need to have like food, water, clothes, dishes. Luxury items are things you should buy when you have excess income after paying …
Your Destination: A checking account is the easiest way to track your expenses. You can check what you spend on and how much. Travel Kit: See handout Sample Savings Account Bank Statement, Traditional Checking Account: Things to Consider and Make a Sample Check Handouts. On the Path: Compare which account …
Your Destination: A basic savings account is a way for you to deposit your money and withdraw at any time. For example, if you want to save 10% of your income on a regular basis, you can deposit that money in a savings account. If you also have a checking …
Your Destination: One of the best ways to set yourself up for success is to finish whatever you start. Remember the bigger the goal the more time it may take. Do not get discouraged if you come across an obstacle; it takes you one step closer to your goal. Travel …
Your Destination: Self-discipline is needed to stay focused on your goals. The practice of balancing your actual needs with your budget has the positive results of harmony and, in the long term, can teach you to take responsibility for your actions. Self-discipline is practiced and strengthened through everyday life, not …
Your Destination: To reach your financial goal, you will need a budget. Budgeting is the process of planning how to spend your money. Travel Kit: Have an accurate knowledge of all your income and expenses. Stay informed. See handout: Convert Your Weekly Income into a Year-Long Plan On the Path: …
