The term ‘Spending Plan’ is empowering because most people feel good about spending and YOU make the spending decisions, in advance, based upon your priorities. For many, the simple decision to use the term ‘Spending Plan’ will remove much or all of the anxiety of this financial planning process.
Your credit score helps lenders, creditors, landlords and some employers see how much risk they might take on by doing business with you, based on how you’ve managed credit. When your credit history and credit scores are positive, you may be offered more competitive rates and terms on loans and credit products.
If you don’t talk to your kids about money they’ll be adults who are scared of money or worse, adults that don’t interact with money wisely. That’s what happened to me until I decided “enough was enough.”