2025CrtFinancialLiteracyinstitute

  Last evening, we discussed ways to reduce debt using the Snowball method or the Avalanche method. As well as being aware of the Danger of Debt. Review your payment obligations and write about 1 – 3 bills that you plan to immediately reduce and the method you plan to use to do so.

  L ast evening we explored the importance of Using Credit & Debt Wisely. How important is your Credit Score to you? If so how and what measures will you undertake to use credit more wisely ?

    Last evening we explored the importance of using credit wisely. Review your credit use; Are you using credit wisely? If so how and what measures will you undertake to use credit more wisely? What was your number one take away from last night presentation?

    Last evening, we learned the difference types of accounts in the bank institute.  What tool would you utilize to differentiate the difference between paying bill and saving for big ticket item or emergency? Want tracking tool would you use to keep a record of y our finances? ✅ Recommended Tracking Tools: App-Based Tools: Mint (free, beginner-friendly) YNAB (You Need A Budget) (great for goal setting and proactive planning) EveryDollar (good for zero-based budgeting) Manual Tools: Excel or Google Sheets – use templates to track: Income Fixed & variable expenses Savings goals Emergency fund progress

  Setting goals gives me the energy to move forward.  The act of writing my goals down and crossing them off my list makes a sense of accomplishment.   Goal setting helps me with focus and direction.  The focus to stay determined about the results I anticipate, and the guidance needed to maintain the course in the direction of my goals.    What I attempt to do with my goal setting is to surround myself with reminders.  My reminders include notes to myself, a reward and punishment system, reflection, and evaluation.   The use of reminders helps me to maintain my motivation by keeping my goals and progress on alert.     The reward and punishment system I use, help me with staying on track with the motivation to move forward.     Reflection during my goal setting stage helps me to remain optimistic about being realistic and purposeful with my goals. During the reflection process, I can take a clear look at...