News outlets and credit card companies are quick to label millennials as being credit card-shy. According to a recent survey, millennials apparently fear their credit card debt more than climate change, the threat of war and even death. It may sound like an overreaction, but the underlying trend is substantial: millennials are carrying fewer cards and have lower balances, compared to the previous generation of young adults.
By Lynnette Khalfani-Cox, The Money Coach®
As the New Year unfolds, you may be ready to make some fresh money resolutions to get your financial house in order. Whether you want to save more money in 2019, get your budget on track, or improve your credit score, now is a great time to set some clear goals and start creating a stronger economic future.
By Lynnette Khalfani-Cox, The Money Coach®
Now that fall is here, many people are already thinking about the holidays. That’s probably because retailers have wasted no time putting up decorations and launching sales in a bid to entice shoppers into getting their holiday shopping done early.
It’s easy to accumulate debt without realizing it. If you’re paying high interest rates on your credit cards or loans, consider these options to pay off your debt faster.
Find ways to free up cash in your budget, work to increase your income and look into different ways to pay down your balance. 
Meet the Money Coach
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading
It’s next to impossible to go through life without accruing some debt. The good news is that some loans can be healthy and even productive, which means there’s no rush to pay them off. Other debts should be erased more quickly. Here are a few examples of debt that can help — and hurt — your financial health.
You come home one day and find a letter asking you to pay your recently deceased spouse’s $400 credit card bill. Soon after, you start receiving collection calls. What should you do? Are you responsible for paying the bill?
Do you know the warning signs for carrying too much debt? If you’ve gotten off track with your credit card usage, or want to ensure your borrowing habits stay in good shape, here are some tips to help you manage your money wisely.
Life is short. Yet credit experts say you should devote some of your precious time to checking your credit reports for errors.