Credit is a part of your financial control. It helps you to purchase the things you need now, like a car loan or credit card. It is based on the promise of you paying later. If your credit needs improving by working out and planning that will help ensure you’ll qualify for loans or credit cards when you may need them.
These days most people are responsible for their own retirement savings. High schools don’t have required classes on 401(k)’s and Independent Retirement Accounts (IRA’s). And colleges usually don’t teach anything either.
We as women encounter stereotypes when it comes to money and finances. Financial literacy is defined as being able to understand and use personal finance fundamentals to have a healthy relationship with money. If we don’t have this education that goes with financial literacy, we limit the opportunities and restrict us from growing.
With the summer months people are planning vacations, paying for summer camps for the kids, or getting ready to send your child to college for their freshman year. Summer is full of fun! But, amidst all that fun comes how to pay for it all. It can be easy to mentally check out on your money goals.
