Financial management is crucial for the financial success of an individual or a family unit. Learning how to budget and save monthly is important for financial health for the future. Never spend money you don’t have. There is a difference between what you want and what you need. What you need should always be a priority and what you want secondary to monthly bills. We can help you develop a budget and show you how to stick with it.
Credit Management is crucial for long term goals to increasing your buying power. Attaining a good credit score will increase your chances of obtaining loans for low interest rates. low cost of funds is key to increasing your financial wealth since it saves you money.
Strategies to increase your credit score
- Use your card instead of cash to buy what you need and then take that cash to pay the statement balance on or before due date.
- Charge only 1/3 of your credit limit for each credit card.
- Set up auto pay so you are never behind in payments.
- Help your child develop credit by giving them authorizations.
Freedom Phoenix Tax Clinic 