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Financial Responsibility and Success

Published byHerbert Cummings Modified over 5 years ago

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Presentation on theme: "Financial Responsibility and Success"— Presentation transcript:

1 Financial Responsibility and Success

2 Credit Cards/Credit Score
One of the easier ways to fall into debt. No more than 2 to 3 cards. Use for emergency situations. Pay more than minimum each month. Don’t fall for credit increase offer! Safe zone: Under 25% of credit limit.

3 Credit Score

4 What determines credit score?

5 Credit score determines loan rate. Credit pulls.
Car Loans/Insurance Credit score determines loan rate. Credit pulls. Pay more than minimum each month. No speeding tickets or accidents=low insurance rates!

6 Apartments/Home Loans
Apartments check credit score! Security deposits First and last months rent upfront. Some complexes require insurance. Breaking the lease.

7 Apartments/Home Loans (cont.)
Loan rate determined by credit score. Debt to income ratio. Loan amount vs Home value. Homeowners Insurance. 15, 20 and 30 year loans. Fixed vs Adjustable Rates.

8 Conclusion Live within your means!!!
Financial discipline=Financial freedom. Pay yourself 10% Questions?

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