Your Financial Health Matters
As someone who has struggled financially, I’ve thought about what I wished I would have known when it came to organizing my financial life. Below is a list of tips for improving financial health.
My Own Financial Health Tips
1. Talk to your parents about their financial history.
My family had its financial history ups and downs that I learned a lot about and what worked best when my parents were struggling like I was—my mom even had some tips about saving money and spending smarter when I was in a jam.
My pro-tip: Always live below your means. Just because you have the money to spend, doesn’t mean you should. Get your basic needs and payments made and stash the rest away!
2. Take a financial class.
Financial education is key to understanding how to manage your money. Becoming financially literate helped me with the following:
· Creating a budget.
· Paying off debt.
· Managing school loans.
· Establishing a savings account.
· Making wiser spending decisions.
My pro-tip: Search for financial classes offered by your local community college or complete courses online. ABECU offers a Resource Center that breaks down managing all of your finances, too!
3. Speak with a financial counselor.
You don’t need a big reason to speak with a financial counselor. I spoke with a financial counselor because I wanted to clean up my credit report before applying for a new auto loan. My big “aha!” moment started in that meeting.
Then I started working at the credit union and found our Resource Center. Did you know there’s a way to learn about family financial planning and basic investments all from the comfort of your computer?
Becoming an advocate for your own financial health is important and your financial journey can start today! Join the #FinancialHealthMatters movement and starting your financial education now.
Have your own financial tips? Tell us in the comment section!