According to debt.org, in 2018 Americans had a combined total of $13.51 trillion of debt. This number is $837 billion above the previous high! So, if you are one of the many contributing to that $13.51 trillion of debt, here's a resource you've got to know more about: PowerPay.
PowerPay shows you the most efficient and money-saving way possible to get out of debt. First of all, to use PowerPay you’ll need to create an account. Head to powerpay.org and click “New? Sign Up Now” to get started. It shouldn’t take you more than a few minutes to get your account set up. You can also use the free app on your Apple smart phone. Once it’s up and running here’s what you’ll need to gather:
Hey, hey Utah Money Moms! Liz here! I wanted to tell you about one of the books listed on the Utah Money Moms Resource Page, The Automatic Millionaire. I first read this book as a freshman at Utah State and was surprised at how much I liked it! I recently reread the book and wanted to share with you 3 reasons why it’s a good option for anyone looking for a financial boost.
GUEST BLOGGER: KATHY RIGGS
Like physical fitness, financial fitness is a lifestyle choice. Consistent actions that build positive money management habits lead to financial wellness. Below are eight financial management categories. Listed in each category are action items to increase and improve financial fitness in that area. Choose at least one of the suggestions below to take a step toward improving your personal financial fitness.
Example: If I want to improve my credit score, I may choose to work on one of the credit tasks like accessing my free credit report.
CALL TO ACTION: Write down your choice and set a deadline to complete your task within two-weeks. Share your success with someone close to you, work as a team with your spouse if applicable.
On Friday's during the month of April we're posting all about financial fitness. The Consumer Financial Protection Bureau (CFPB), combined with a review of research and consultation with leading experts, found that financial well-being includes the following four elements:
So what does financial health look like at each age?
“Although actual timing will always vary from person to person, the next seven slides share common, suggested financial milestones to achieve at each decade of life. Milestones achieved at an earlier age (e.g., a good credit score and an adequate emergency fund) should continue during subsequent years.”
Barbara O’Neill, Personal Finance Expert, Rutgers University.
Here are some suggested financial milestones for each decade:
Accredited Financial Counselor sharing real-life money smarts that can help you stay on track with financial goals while still enjoying life!
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