Credit.org News
Making regular monthly payments on your debts is the best way to improve your credit score, and late payments are the most significant cause of bad credit. That’s why we stress making your payments on time every month as the most important thing you can do to build a positive credit history as you work your way to financial freedom.
read moreThe best tool for teaching your kids about money is an allowance. If you want your children to grow up with good financial sense, you need to start early with a regular, consistent allowance. Giving your kids a source of income and the responsibility of managing it will teach them lessons to last a lifetime….
read moreWhen it comes to signing the back of your card, you’ll get different answers depending on whom you talk to. Your credit card company requires you to sign your card for it to be valid.
read moreIdentity Theft is a problem we talk about frequently. It’s still the #1 complaint the Federal Trade Commission gets, even after 15 years. “America’s fastest-growing crime” shows no signs of stopping. And now with data breaches affecting millions of users at once, the impact of ID theft has exploded. Because ID theft typically involves stolen…
read moreFinancial Literacy Month is drawing to a close, and we hope we’ve helped bring everyone a little closer to understanding their personal finances. The NFCC has completed their 10th annual financial literacy survey, and created an infographic with some of their key findings: For more about the NFCC survey, check out their press release…
read moreToday we’re talking about competition in economic markets. This follows from previous posts we’ve offered so far for Financial Literacy Month: the Basics of Trade and Basics of Supply & Demand. Competition between sellers in a market is seen as a good thing for consumers. If there is only one restaurant in town, it’s free…
read moreSo far in financial literacy month, we’ve talked about banking, saving, and investing, but today we’re going to focus in on money itself. Currency is any money that is acceptable as a medium of exchange. Typically, that means a government-backed money, issued either in paper or metal coins. National Currencies Each country typically has a…
read moreInsurance is a critical subject to understand for full financial literacy. There are many different kinds of insurance available to serve different purposes. Getting insurance is about mitigating risk. No matter how hard we try, we will always have some level of risk in our activities. We collectively and individually decide how much risk we…
read moreAt credit.org, we’re mostly concerned with helping people get educated and on their feet financially. Our clients are typically trying to eliminate revolving debt, or become homeowners. We don’t provide investment advice. But we are concerned with financial success. We want all of our clients and everyone we educate to have a bright future and…
read moreA basic lesson of economics is that incentives matter. Incentives can be positive or negative, and their effectiveness can vary, but everyone agrees that people are influenced by incentives. Incentives don’t have to be purely financial. Sentences for various crimes vary depending on how strongly we want to discourage the crime. Possession of a drug…
read moreTax day falls in the middle of Financial Literacy Month. It’s a good opportunity for us to cover the basics of taxes and instill some financial literacy education while the subject is fresh on everyone’s mind. Kinds of Taxes Income Taxes are collected from people who draw an income in the US. The income taxed…
read moreWe talked about Saving in our last Financial Literacy Month Post, but banking involves more than just savings accounts. Banks earn money by providing services to paying customers. That might include loans (mortgage, auto, business and personal loans), as well as bank accounts of various types, and products like CDs and safe deposit boxes. Your…
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