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Financial Facts

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  • Women who have a written plan are more likely to accomplish their goal. 
  • Women who have a savings plan in place save more than women who don’t. 
  • Women tend to have lower retirement plan balances. 
  • Women are very likely to be solely responsible for financial decision making at some point in their lives.
  • Women need four kinds of insurance.
  • Women are more likely to be victims of identity fraud than men.
  • Women account for 85 percent of all brand purchases.
  • Women should always maintain an up to date copy of their credit report. 

Read the full article at credit.org


Getting Out of Debt

Check out this video from nationally known financial author and radio host, Dave Ramsey. In this video, "How to be Financially Successful", he discusses the principles from his book, Total Money Makeover.

 

Federal Trade Commission: Coping with Debt

Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You’re not alone. Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

If you or someone you know is in financial hot water, consider these options: self-help using realistic budgeting and other techniques; debt relief services, like credit counseling or debt settlement from a reputable organization; debt consolidation; or bankruptcy. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.

Read the full article at ftc.gov

Budgeting Tools

Click Here to download a budget worksheet provided by consumer.gov

Click Here to download budgeting forms provided by daveramsey.com


Identity Theft

What is identity theft?

Identity theft is a serious crime. Identity theft happens when someone uses information about you without your permission. They could use your:

  • name and address
  • credit card or bank account numbers
  • Social Security number
  • medical insurance account numbers

Visit consumer.gov for more information.

Learn more about identity theft by watching this short video from the Federal Trade Commission.


Credit Report

Get a free copy of your credit report.

You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies. Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity. (ftc.gov)

What is credit scoring?

Credit scoring is a system creditors use to help determine whether to give you credit. It also may be used to help decide the terms you are offered or the rate you will pay for the loan. (ftc.gov)

How do I improve my credit?

  • Pay your bills by the date they are due. This is the most important thing you can do.
  • Lower the amount you owe, especially on your credit cards. Owing a lot of money hurts your credit history.
  • Do not get new credit cards if you do not need them. A lot of new credit hurts your credit history.
  • Do not close older credit cards. Having credit for a longer time helps your rating.

Read the full article at consumer.gov


To learn more about your credit report and credit score, click the picture to watch this informative video, Understanding Your Credit Report Personal Finance Course. Also, visit Credit.org to view other helpful videos in their online Learning Center.

  • Power of Paycheck Planning
  • Budgeting 101
  • Identity Theft Prevention
  • Budget 911
  • Preventing Foreclosure