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?