Credit
Limits your buying power
What Is Bad Credit?
Planning your purchases
What is the most basic debt strategy?
Housing (expenses), Emergencies, & Retirement
What are top 3 Income Priorities?
Everyone should have this _______
What is an estate plan?
55% of employees worry about personal finances
45% of employees are distracted at work due to finances
6/10 employees say they are behind on their retirement savings
Why financial wellness matters in the workplace?
Increases stress & health issues
What is the result being overextended?
Limit credit usage by this ____%
What is 30%?
Housing expenses should not exceed this
What is 30% of your Gross income?
Probate court oversees estate process
What is result of not having a trust?
•72% of Gen Z employees
65% of millennial employees
• 54% of Gen X employees
•28% of baby boomer employees.
What is Financial Stress touches us all?
Prevents coverage of emergency expenses
What is little or No savings?
Consistently evaluating your spending habits
What is budgeting (monitoring)?
Should not be more than 10% of monthly gross income
What are credit reporting debts?
A publicly administered estate document
What is a will? [Wills express how to divide assets]
•Financial challenges facing Millennials and Gen Z
•Student loan debt
•Rising housing costs
•Inflation and cost of living
•Credit card debt
•Financial stress and mental health
•Common financial misconceptions
•Building trust through open conversations
What is Understanding Today's Younger Workforce?
Affects home ownership AND employment opportunities
What is bankruptcies and foreclosures?
Do this when you don't want to overspend
What is leave credit cards at home?
Auto repairs, home repair, medical expenses
What are common financial "emergencies"?
** A privately administered estate document**
What is a trust? [ASA definition]
•Direct deposit
•Mobile banking
•Online bill pay
•Automatic savings
•Using budgeting and financial apps
•Cybersecurity basics
•Protecting personal information
•Password management
•Avoiding scams and phishing
•Safe digital banking habit
What are Electronic Banking & Digital Financial Tools?
Experian, Equifax, and Transunion
What are the 3 main credit reporting agencies?
Pay smallest 1st, then highest interest balances
What is the best way to pay off credit card?**
Set aside a minimum of $1000 for this
What is a (typical) auto repair/ emergency?
Not having a will or a trust may do this...
What can significantly deplete inheritance and cause unnecessary family stress?
•Speed: Tasks happen fast or instantly.
•Access: You can see your money 24 hours a day, 7 days a week.
•Ease: You do not have to drive to a bank or wait in lines.
What are Benefits of Electronic Banking?