What can seniors do if they are struggling with credit card debt?

Posted by: Aiden white on

According to a recent CNBC report, debt among the older adults in our country has increased rapidly by a whopping 543% in the last two decades.

Isn’t it shocking enough? But what makes them fall prey to the credit card debt trap?

Many seniors have been using credit cards for a long time. And they don’t pay off their credit cards during retirement.

After retirement, a substantial portion of older adults depends on Social Security. And in 2020, the average Social Security check was about $1,503 a month. So, certain unexpected costs in retirement and inflation with limited income make them dependent on credit cards.

How can seniors pay off their credit card debts?

Paying off credit card debt after retirement can be difficult. But it’s not impossible either. Here are a few ways that can help you to eliminate credit card debt in retirement.

1. Opt for a repayment strategy

You can start paying off your debt with the smallest outstanding balance amount first. And at the same time, you will have to make minimum payments for all other debts. This repayment strategy is known as the debt snowball method.

So, if you opt for the debt snowball method, you are likely going to pay off the smallest amount of debts within a few months. Thereby, it can help you stay motivated in the due course.

Once you pay off the debt having the smallest outstanding balance amount, you have to move to the debt with the second smallest outstanding balance amount and so on. This way, you have to continue this process until you eliminate credit card debt from your life.

2. Negotiate with your creditors

If you are unable to repay your outstanding balance amount in full, you can talk to your creditors about it before they sell off the debts to a collection agency.

Explain to them why you are unable to make the necessary payments. And try to convince your creditors to reduce the outstanding debt amount. If you have been regular in making payments and suddenly you are going through financial hardship, they might approve your request.

However, negotiating with creditors is quite a cumbersome task to do. Why would anyone accept less than what you owe? So, if you want to negotiate with your creditors to lower the outstanding balance amount, it would be better to opt for professional help.

3. Opt for a debt consolidation program

Are you overwhelmed with multiple credit card debts? If yes, you might be shelling out a substantial amount every month for making the monthly payments. The worst part of credit card debt is its high-interest rates that make the monthly payments hefty amounts.

But if you opt for a credit card consolidation program, you won’t have to worry about managing multiple debts anymore. You can get rid of your multiple credit card debts with ease. Because unlike before, you will have to focus on making a single payment every month. And you may have to shell out much less as the interest rates are likely going to reduce. But make sure that you approach a reputable debt consolidation company that has goodwill in this field.

4. Apply for a reverse mortgage

You can opt for a reverse mortgage if you are 62 years or older. By doing so, you can borrow up to 80% of the equity in your home. Unlike a traditional mortgage, you can take out the loan in the form of monthly installments. And the best thing is, you don’t have to make any monthly repayments.

However, the loan is repaid when you sell the house or after your demise. Upon your death, only a handful of assets will be available to leave for your heirs since you have used your home equity. If you leave the home to your heirs, they will have to pay off your loan balance amount.

So, I would say that opting for a reverse mortgage can be your last resort to get out of credit card debt. Because in this case, you are keeping your shelter at stake. And I hope you know how important a shelter is!

What are the good money habits that seniors can develop to avoid debt in the future?

Well, you might have started paying off your credit card debts to get out of this situation. But at the same time, you need to develop some good financial habits to stay away from debt traps as much as possible. Here are some of the best possible tips that you can follow:

1. Replan your budget

A budget is a basic tool to keep your finances on track and put aside money for your well being. After retirement, your income might become less than your earning years. So, you need to look for ways to reduce your expenses and save those dollars.

This way, you can maintain the safe withdrawal rate (financial experts consider 4% as the safe withdrawal rate to lead a comfortable retirement) to avoid exhausting your nest egg.

2. Beware of co-signing

Is your child struggling to take out a personal loan? Or, is your grandchild planning to take out his/her first credit card?

If yes, you must be planning to do the best for them. And for that, you might be planning to become a co-signer of their loans.However, your generosity can affect your financial life adversely. And it might make you fall prey to the debt trap too.

If the borrower doesn’t make payments on time or doesn’t repay at all, you will be held responsible too. The lenders might sue you for non-payment of debts. And you may have to repay the debt in full if the borrower fails to pay off.

Besides, making late payments or no payments can hurt your credit score too. And let me tell you, the new changes in the FICO score take late payments or delinquencies very seriously.

So, before you become a co-signer, think about its pitfalls. Make sure to read the terms and conditions carefully as the creditors will give you a notice that will explain your obligations.

3. Check your credit reports thoroughly

According to an FBI (Federal Bureau of Investigation) report, millions of older adults become victims of financial fraud every year.

So, I would advise you to check your credit reports from all the three major bureaus (Equifax, Experian, and TransUnion) at least once a year. By doing so, you can detect any unusual or fraudulent activities in your credit accounts.

If you come across any suspicious activity, report it to the credit card companies and the credit bureaus. Otherwise, you will have to pay off the debt that you haven’t racked up.

So, check your credit reports by visiting AnnualCreditReport.com. You are entitled to receive a free credit report once a year from all three bureaus.

Read: 7 Ways to protect your credit from identity theft

What are the tips for your grandchildren to lead a financially stable life?

Being a grandparent, it’s obvious that you would want the best for your grandchildren. To help them financially, you might plan to give $15,000 a year for their college costs without incurring a gift tax. That’s good.

But you need to share the experience you had about your financial life. And impart good financial habits so that they can lead a financially stable life ahead. Here are some of the good financial tips that you can share:

1. Live below your means

Living below your means is spending less than what you earn in a month. For that, you can help your grandchildren to chalk out a budget that has helped you. Also, share some tips on how you stick to a budget.

If they learn to live below their means successfully, they will be able to save for their financial goals. They can also lead a financially stable life ahead by focusing on the necessities of their lives.

2. Pay yourself first

Ask your grandchildren whether or not they are saving money at the end of the month. If they’re not able to save a substantial amount, make them understand to put aside money for their savings first and then spend money on other things.

Also, advise them that they should start saving for retirement right from the day they receive their first paycheck.

3. Set financial goals

One needs to set up financial goals first and then start working on their finances to accomplish them. So, you can advise your grandchildren to set financial goals like early retirement, buy a house without a mortgage, etc.

4. Stay away from unsecured debt

Unsecured debts like payday loans, credit cards can burn a hole in your pocket due to their high-interest rates.

Eventually, your grandchildren may have to sacrifice a substantial amount of their paychecks to make the debt payments.

So, ask your grandchildren to refrain from incurring unsecured debt as much as possible. If they want to use credit cards for maintaining a good credit score, ask them to use credit cards wisely. For example, advise them to pay off the outstanding balance in full and within the due date, charging credit cards for affordable amounts, etc.

So, the bottom line is, if you are an older adult and struggling with credit card debts, you need to look for strategic ways to get out of the situation asap. The more you wait, the more you will have to shell out for making interest payments.

At the same time, you need to learn how to live frugally when you have become a senior citizen and relax during your golden years.

How to manage credit card debt during COVID-19 outbreak

Posted by: Aiden white on

As per the New York Federal Reserve, U.S. credit cardholders paid down an amazing $82 billion credit card debt in the second quarter of 2020. It is quite astonishing that despite the U.S. unemployment rate skyrocketed at 10.2%, so many consumers have paid off their credit cards. The entire world has been facing so much financial uncertainty over the last few months.

Still, credit cardholders are doing well to keep themselves together and follow the path to lower plastic debt during the pandemic.

If you are one of the consumers who faced difficulties while managing credit card debt, then you should also follow a few ways to pay off credit cards and keep your finances on track.

How to manage credit card debt if you’re affected by the COVID-19 outbreak

Due to the COVID-19 outbreak, many people became unemployed and many had to close their businesses. If you can’t make your credit card payments, you might have to make a few difficult financial decisions for your family and your living.

During such a critical time, several good options that you may choose to stay at your feet and be current on your credit card debt. So, let’s check out those options that may help you to manage and pay off credit cards during the COVID-19 crisis.

1) Try hard and make the minimum payment at least

This might be a difficult option for you if you have recently lost your job or are having issues with your business. But this is the safest option that can make you current and keep the flow running on your credit card bills. You might get financial assistance from your credit card companies, but your interest will be added every month.

So, making the minimum payment on time every month, until you get a decent job, will be helpful to tackle the tough situation. If you don’t pay at all, the interest builds up more debts on the last remaining balance every month.

This way your credit card debts will rise to a level that you can’t reach.

2) Check your credit reports regularly

Many of us would check our credit reports for free, once a year. But it is important to review your credit report regularly, especially during such a horrible financial crisis.

The three major credit reporting agencies – Experian, TransUnion, and Equifax are currently providing the option to the consumers that they can check their credit reports weekly for free.

3) Check your bills closely and look for errors

It won’t be possible for you to manage credit card debt if you do not check your monthly bills and analyze them to find any errors. You should look closely at your credit card statement, and if you find any error, dispute it by sending your credit card company a billing error notice.

Normally, credit card companies would respond within 30 days and confirm that they have received your notice. They won’t take more than 90 days to look into the matter and send a reply to you. However, due to the COVID-19 pandemic, many credit card providers are having issues operating their businesses.

This means that you might have to wait a bit to get a reply from your credit card company. If you want to get out of debt with zero errors in your credit report, make sure you wait until the billing error resolves. If you have such credit card bill errors, and have an ongoing investigation, during that time the credit card company can’t ask you to do these things:

  • They can’t demand the amount in dispute
  • They can’t report to the credit reporting agencies that the amount in dispute is “unpaid”
  • They don’t have the authority to close your account because you filed a billing error notice

4) Sign up for a 0% balance transfer card

If possible, try to get a 0% balance transfer card because it will allow you to avoid interest for up to 21 months. Make sure you search for a card that also allows you a zero transfer fee. But remember, pay off the entire balance before the introductory period ends.

5) Know your rights to debt collection practices

If you have a credit card debt in a collection or a debt collector is contacting you to collect old credit debts, things might become very difficult to cope up with during this financial crisis. Once debt collectors call you, the first thing you should do is to verify their identity to make sure it’s a legitimate collector. Secondly, ask the collector to validate the debt before making any payment.

A debt collector might try to collect a credit card debt that is not yours. It is better to read your rights properly here about debt collection laws.

6) Try side hustles to make your income steady

If you have lost your job or have a business that is about to shut down, start earning again by doing side hustles. Apart from your 9 to 5 job or business, you can do a lot of things to earn additional money.

Trust me, managing credit card debt will be easy if you can earn a few extra dollars by utilizing your spare time. Save money from side hustles and get out of debt faster.

7) Stick to your pre-pandemic budget and keep saving

As you might be running through a short budget, you should plan your purchases and save 5%-10% of your salary (if you have a steady job), and put it into an interest-bearing account. The interest that you gain can be used to pay off credit cards and get out of debt asap.

8) Try not to pay late

The worst thing about having a credit card is missing a payment or paying it late. The consequences of such an incident are severe and you might have to face high late fees or added interest. It also harms your credit score and it can be down by a few points.

This is why it’s important to inform your credit card company asap if you have difficulties paying off your credit card bill.

How to manage credit cards by seeking help from your credit card company

a) Inform your credit card company that you have been affected by the pandemic

First of all, inform the credit card company that you’ve been financially affected by the pandemic, lost your job, or had to close your business, etc. That’s why you need help from them. Most credit card companies are helping their customers by offering programs that may support low-income individuals.

Be prepared to provide proper documentation about your current financial situation. These programs are popularly known as “hardship” or “relief programs.” These programs will offer you to sign an agreement to:

  • Make a partial payment
  • Refer or pause one or more payments
  • Forbear delinquent amounts

b) Get all the information on the programs or credit card relief packages offered

Credit card companies are offering many options to help consumers. But being a consumer, you should ask a few questions before accepting the program. You must prepare a list of questions before you proceed so that you can be comfortable with the terms & conditions offered by the credit card providers. Here are the main questions that you should ask:

  • What financial relief programs will be offered if you can’t pay off your credit card bills due to the coronavirus pandemic?
  • What are the fees associated with these programs?
  • If you can somehow defer or lower the monthly payments, will interest continue to build during this relief program period?
  • When do you need to start making credit card bill payments?
  • What measures will be taken if your financial situation remains the same as before? Is there an alternate option?
  • What information will be sent to the three major credit bureaus?
  • Can you use your card when you enroll in the program?

c) Ask for a written copy of the agreement

If you select a financial relief option provided by your credit card company, you need to understand every terms & condition applied to the offer. Make sure you have all the details written in the agreement. Once you sign, get a copy of the agreement as soon as possible.

During the program or relief period, you should always check your statement each month. If you notice any inaccuracy or error, make sure to dispute it by referring back to the agreement.

What if your credit card company offers an agreement or accommodation with you as per the CARES Act:

As per the Coronavirus Aid, Relief, and Economic Security (CARES) Act, creditors will need to fulfill special requirements if they offer payment relief and report your payment information to credit reporting agencies. This CARES Act requirement applies only to agreements made between January 31, 2020, and any of the following two dates:

  • 120 days after March 27, 2020, or
  • 120 days after the national emergency concerning COVID–19 ends.

How your creditor reports your credit account to credit reporting agencies under the Act may depend on your payment status. They will consider the fact that whether you are current or already delinquent at the time of signing the agreement. They only need to report it if you are making any payments as per the agreement.

  • If you are current and you make an agreement with them to make a partial payment or skip a payment, or other accommodation, then the credit card company will report to credit reporting companies that your account status is “current”.
  • If you are already delinquent and you make an agreement with the credit card company, then you will not be reported as more delinquent during the period of the agreement.
  • If you are already delinquent and going into an agreement, and after that you make payments to become current, the creditor must report you as “current” to the credit reporting agencies.

Top 10 credit card providers offered a variety of COVID-19 relief options

 

 

Credit Card Company Fee waiver Temporary Credit Limit Increases Temporary Suspension of Payments
Bank of America Not applicable No, but late fees can be refunded Yes
American Express Not applicable Yes No, but payments can be reduced
Capital One Contact Capital One for options Contact Capital One for options Contact Capital One for options
Barclays Yes, on a case-by-case basis Yes Yes
Citi Yes Yes Yes
Chase Not applicable Yes Yes
Not applicable Not applicable Yes Yes
Discover Contact Discover for options Contact Discover for options Contact Discover for options
Wells Fargo Not applicable Yes Yes
HSBC Not applicable Yes Yes

 

Data courtesy-investopedia.com

How much money governments are offering credit card relief

On March 27, President Donald Trump signed a $2 trillion COVID-19 stimulus package for US citizens. As per the program, the majority of fellow Americans received direct payments, considering their income and number of kids. Other important benefits included in the package are expanded unemployment benefits, additional health care support for every individual who qualifies, and funding for dying organizations and small scale industries.

The relief was a big step taken by the government that helped jobless people to stand upon their feet. Weekly unemployment claims hit a record 3.3 million by March 26. Apart from that, Federal and state governments have provided help to the citizens to stop foreclosures and evictions during the outbreak.

A majority of U.S. adults received $1,200 from the federal government, plus $500 per child. In the week of April 13, the IRS started to send 80 million stimulus payments to eligible citizens via direct deposit. The IRS has sent money to at least 160 million people so far in three different ways. The first recipients of that fund had filed federal tax returns for 2018 or 2019.

In the tax return file, the information of direct money deposit by the IRS is added. The CARES Act also extended unemployment benefits for another 13 weeks and increased the payments by $600 per week for many jobless people. The CARES Act also provided many options to help Americans economically. One of these options offers relief from immediate payments to credit card bills.

This option is popular as a credit card forbearance. The main purpose of providing credit card forbearance:

  • If a consumer is unable to pay his/her credit card debt, then that person can look into his/her bank’s credit card forbearance program. So, an immediate option is provided to consumers who are unaware of how to manage credit card debt.
  • Credit card forbearance is practically an agreement between a consumer and the creditor company. This will help the credit cardholder to get a temporary pause or lower the account payments for a specified amount of time.
  • Once a credit cardholder signs up for a credit card forbearance program, his/her credit score doesn’t drop. This is because the cardholder and his/her lender are under an agreement. The lender won’t report the account to the credit reporting agencies which eventually keeps their credit score safe.

Conclusion

People worldwide don’t know how much time we have to wait for this crisis to get past. So, for the time being, people have to keep their patience and work together to overcome the drastic economical situation.

Can New Changes In The FICO Score Affect Retirees?

Posted by: Aiden white on

A credit score plays an important role in our financial lives! After all, it defines our creditworthiness! Creditors use this score to evaluate the risk of lending money.

Having a good credit score means you can pay off your accumulated debts on time! So, the higher your credit score, the higher your chances of approval for a credit line!

In our country, one of the prominent credit scoring models is the FICO score which was first introduced in 1989 by the then Fair, Isaac, and Company.

In the FICO scoring model, a credit score ranging from about 670 to 739 is considered a good one!

But recently, Fair Isaac Corporation introduced a new scoring model, known as FICO 10. According to Joanne Gaskin, vice president of scores and analytics at FICO, about 40 million people might notice their credit scores increase by 20 points or more.

But another 40 million people might notice their scores slashed by 20 points or more. And about 110 million people might see their credit scores increase or decrease by less than 20 points!

And you know what? These people include retirees too! Yes, you heard it right! Here we are going to discuss the new FICO score 1O suite. And how it can affect the retirees of our country!

Why is FICO coming up with new credit score changes?

In 2017, all credit bureaus of our country implemented changes to eliminate civil judgment records. By 2018, all tax liens were eliminated too from the credit reports by the bureaus. Eventually, many people noticed a boost in their credit scores. This resulted in many people opting for loans that they couldn’t afford to pay off!

However, the new FICO score 10 suite focuses on rising debt levels due to the changes mentioned above.

We hope that you will be able to reduce your default payments and improve your financial behavior to maintain a decent credit score!

What are the new changes that FICO is going to implement?

Well, FICO is trying to provide the lenders or creditors a more accurate analysis of your credit risk based on trending data. For this, we have come up with a new FICO 10 Suite model.

It consists of the FICO 10 score and the FICO 10 T score. Like the previous versions, FICO 10 score will consider these 5 factors, i.e,

  1. Payment history
  2. Amounts owed
  3. Length of credit history
  4. Credit mix
  5. New credit lines

But FICO 10T is the first of its kind! It will contain the information of how you have managed your credit account for the past 2 years, like,

  • Your outstanding balances
  • Minimum payments required
  • The amount you paid on your most recent credit card

It means, if you don’t have a history of paying off your outstanding balance amount in full each month, your credit score may drop.

Generally, creditors report an account delinquent when you miss payments for at least 30 days. And once delinquency is reported, it stays on your credit report for approximately 7 years! Eventually, your credit score drops!

But in the FICO score 10 suite, late payments are taken much more seriously than previous versions. So, being late on your payments can lead to a substantial drop in your credit score! That’s why always remember to make payments on time!

With a FICO score of 10 suites, opting for personal loans might reduce your credit score. Taking out a personal loan to consolidate debts is a common affair. It helps you to pay off your high-interest debts with a single loan. And that too at a reduced interest rate than that of your existing loans.

Well, that’s fine!

But let’s say, you are paying off your consolidation loan. At the same time, you are using credit cards to make new purchases. In short, you are building up new outstanding balances along with paying off a consolidation loan. In that case, your credit score will take a hit in this FICO score 10 suite!

So, if you have taken out a personal loan to consolidate your debts, make sure that you don’t fall prey to credit card debt again! It will be beneficial for your finances and credit score too!

Why is a credit score important in your retirement?

Often, people ask me “does retirement affect FICO score?”. Well, retirement doesn’t affect your FICO score. But yes, how you manage your credit lines after retirement affects your FICO score!

Many people think a credit score is not that important for retirees! But it’s completely wrong! A credit score is equally important for retirees too! Having a good credit score can help you to get:

  • A lower interest rate of the mortgage
  • A chance to refinance your mortgage if interest rates drop
  • Comparatively lower interest rates for credit cards, auto loans, etc
  • Lower insurance premiums

The bottom line is, your credit score remains an important factor in your retirement too! So, you need to improve your financial behavior by paying off your outstanding balances in full and always on time, taking out a personal loan wisely, etc.

By doing so, you can maintain a decent FICO score and relax during your golden years!

Stay financially fit by following 9 amazing tips

Posted by: Aiden white on

If you want to get good financial health and maintain it for a long time, then you should try to change your lifestyle, just like you do to have a good, healthy body. What type of changes do you need to consider? You must adapt to the changes that will put you on a positive lifestyle and add good financial habits to your daily routine.

Don’t wait for a financial crisis knocking at your door. You should manage your finances by increasing your financial knowledge, making proper plans, and most importantly maintaining good financial habits.

So, what are you waiting for? Gather knowledge and become smarter so that you may use every dollar to grow your wealth more. Follow these 9 tips and stay financially fit as much as you can.

9 Amazing tips you must follow to stay financially fit

Here are 9 tips that may help you get good financial health:

1. Analyze all your monetary activity

You should find the specific reasons for your money-oriented activities. You must know why you are doing a job, why you are saving, why you should invest, and why you need to spend on a thing. If you don’t know why you are doing such money activities, you’ll practically run out of motivation to work for a purpose. You can’t live without any monetary aim, because there’s nothing that may guide your financial behavior.

2. Learn from your past financial mistakes

You should review your old money mistakes and take notes on the things that you have learned from them. You might have gathered too much debt during the last vacation tour you had. You might have purchased insurance for your car without analyzing the benefits and the additional costs. You might have purchased too many commodities by using your credit card, due to impulse buying habits. Mark my words, you should learn from these mistakes and avoid such activities in the future.

You can consider yourself as a financially literate person, only if you identify your past mistakes and take the necessary steps to rectify those wrong financial moves. That’s how you can start following wise financial habits and stay financially fit.

3. Set goals and make a proper assessment

Did you set a target that you want to achieve in the coming 5 years? Is there any plan that may engage your mind and resources to get something beneficial for your future? Ten years from now, where do you want to see yourself, both personally and professionally? Sort out these answers and pick the top 5 out of them. These five objectives might be your top five goals for the coming years. Keep those goals pinned in front of you, where you may see them regularly.

Financial goals should be categorized into short, medium, and long-term goals. One of the most popular ways to define financial goals is the SMART method that you can use:

  • Specific-Setting up a specific amount of goals.
  • Measurable-Where progress can be measured or tracked.
  • Assignable-Take personal accountability.
  • Realistic-Setting up practical goals that can be achieved.
  • Timeline– Goals should have a specific deadline.

4. Create a budget for financial freedom

Making a budget is nothing but forming plans on how you should use the available money properly. Making a proper budget and following it exactly the way it is planned, is necessary for good financial health. It is proven that the first step in completing financial goals is budget planning.

Budgeting will indicate where your income is going and how you can reduce unnecessary costs from each category. This way you may save enough money from your allotted monthly budget and use that money for other purposes, such as paying off debts, doing some repairs on your car, or you may deposit it in a retirement savings account. You might have issues setting it up initially, but once you chalk out a plan and use it for a couple of months, you’ll get it right.

5. Create an Emergency Fund 

Creating an emergency fund is a necessary step for every individual who has a family, earns money by doing a regular job, and pays taxes. You never know when you have to face a sudden financial crisis, such as sudden medical emergencies, job loss, or urgent car repair or home repair jobs, etc.

If you don’t have an emergency fund ready, to fight against such a financial crisis, you might be forced to use other money resources like credit cards or personal loans. The main issue with this solution is that they are costly and hamper your monthly budget for the next several months.

6. Diversify your investment

You should diversify your investment options to get better returns from different types of investment resources. Every investment carries a typical amount of risk. So, if you want to minimize the risk of your capital loss, you must diversify the investments and build a strong portfolio.

Investing in multiple types of investment options is a wise financial habit that can keep your finances healthy. The variation of return rates and risk factors may enrich your investment portfolio and also increase your net worth.

7. Work on investment costs and tax management

The cost of investment and taxes may affect your finances well. If these costs increase too much, it can lower your total amount of investment returns. You should work on a strategy that may allow you to reduce the cost of investments and also give you tax efficiency.

8. Increase your income by doing different side hustles

Your monthly income will determine how much you can, save, invest, and spend each month, towards small and big financial goals. You should focus on increasing your income as much as possible. If you are doing a full-time job, and you have enough time after that, then you should engage in some side hustles to earn some extra.

You may invest your time in giving online tuitions, music classes, working in a library, working in food joints or cafes. This income is considered passive income, which is very important for financial development.

9. Get out of debt burden

Whether it is a good debt or bad debt, secured or unsecured, debt is debt!!! You should always focus on getting out of debt as soon as possible. Normally secured debts, such as a home loan, have a long loan term to pay off. So, comparatively unsecured debts, such as credit card debts, payday loans, or medical bills, are easier to pay off.

If you have financial issues paying off debts, then you can talk to your creditor and sort out an easy repayment plan. It is best to avoid high-interest debts, or at least you may try to make debt payments on time. Without paying off existing debts you can’t stay financially healthy for long.

Endnotes

Maintaining good financial health is difficult, but not impossible. You must follow those good financial habits and stay financially fit. This way you may increase your net worth and become financially free. Best of luck.