ROANOKE, Va. (WDBJ) – Are you prepared to have the “talk” with your young people about life’s tough financial decisions?
According to local financial experts Katherin and Kaila Elam, the choices one makes about making payments is tracked for many years in a credit report.
This report impacts the interest rates you pay on your car, home, cell phone bill, and much more.
College students are often targeted by banks and credit card companies, who send numerous credit card applications.
It is a known fact that most households have a tough time covering an unexpected expense of $500 or more.
This is the reason for a budget and paying ourselves first every pay period.
If a working person sets aside $10 to $100 each time they get paid, there will be a substantial cushion for the unexpected car repair, emergency room visit, or trip.
Katherin and Kaila Elam encourage smart money choices, as early as possible.
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