Make learning about money a priority
There’s a lot to learn about money, and there’s plenty of free information available. The Federal Reserve education web site, offers personal financial education information and links to many useful resources.
Look for organizations in your community that can help you learn more about setting financial goals, budgeting, saving, using credit wisely and getting the best deal. Whether you attend information sessions at different venues, read about money in books, magazines, newspapers, or online, learning how to manage your money is an important part of life.
Here are some other possibilities:
- Nonprofit credit counseling service.
- Community college.
- Bank or credit union.
- Nonprofit community development corporation.
- Nonprofit housing organization.
- Religious organization.
- Senior citizen center.
- Employee assistance program.
- Cooperative extension service.
Getting the right information can help you gain control of your finances. When you need information, make sure the source is reliable. Know who you are dealing with. Make sure the resource is credible and properly trained, accredited or certified. Make sure they’re not trying to sell a product or service, or charge excessive fees. And above all, ask questions.
Learning about money and how to manage it well will help you avoid costly credit mistakes.
Learning and using this knowledge will help you enjoy good credit for the rest of your life.