«In a recent look at Southern Nevadans» finances, Las Vegas Valley residents have some of the worst credit scores, debt ratios and
money management habits in the United States.
Not exact matches
That means that the
habits you establish
in one area of
money management will definitely bleed over.
If you begin to struggle financially due to an illness, divorce, job loss, or even poor financial
management habits like overspending, which is the first obligation you will probably allow to slide
in the event that you have more bills than
money at the end of the month?
For those homeowners who owe more than fifty five percent of their monthly income to debtors for all of their combined debts, the mortgage holder must agree to participate
in credit counseling
in order to form better
habits and
money management skills.
In the first session,
money management, spending and shopping
habits, warning signs of financial difficulties, and obtaining and using credit are all discussed.
For the kids of the family, starting lessons
in money management at a young age can go a long way to teaching kids to carry good
money habits into adulthood.
Keep
in mind that while having excellent credit gives you many rewards and perks, you must maintain your stellar
money management habits, make wise financial decisions, and most importantly, never miss a payment, if you want to hold on to your excellent credit rating.
If you're
in debt because of your spending
habits, then work on developing better
money management skills.