The Credit Invisibles: 4 Challenges Beyond Credit Accessibility By: Kimberly Roy, National Endowment for Financial Education® (NEFE®). I met a teacher at a conference recently who shared a viewpoint we sometimes hear from other educators. He claimed that students should be taught never to use credit. He said we should teach every student that if […]
Study Finds Cash Still Popular, But Differences In How It’s Used By Generation, Gender From Credit Union Today, 2/1/2016 HOUSTON–Despite consumer access to a wide variety of payments methods, cash retains a prominent place in the consumer payments landscape. But there are differences in how different generations use cash, a new survey has found—including a […]
Millennials: Rethink Credit vs. Debit There is a generational divide when it comes to shopping: A CreditCards.com survey indicates that boomers and millennials both choose plastic, but for the older cohort the word is “credit,” and for the younger it is “debit.” Do millennials need to rethink credit vs. debit? Both systems work well but […]
Does your young-adult student need a crash course in personal finance? A recent financial literacy survey by the National Foundation for Credit Counseling (NFCC) reveals that the majority of adults say they learned the most about personal finance from their parents. Should you give your student a personal finance crash course? Basic Financial Knowledge Checklist […]
It’s good to know how lenders determine if you’ll be able to afford your monthly payments comfortably, based on your income and other debts. Remember: Many lenders exceed these guidelines, particularly if you have no debt, good credit, or a large down payment when applying for a mortgage. Your debt-to-income ratio is one key factor. […]