Tips, advice, and the latest news from the savings world.
Credit Score Quiz. Will you pass?
By Andia Dinesen, AFC ®
Military Saves Coordinator
I had always considered myself fairly well-versed in financial matters, however when I began working toward my certification as a financial counselor two years ago, I really began to realize what I didn’t know. Credit score and credit history were two areas that, I have to admit, I really didn’t understand. I suppose I understood the basics. I knew that if I missed a payment on a loan or had a huge amount of debt that it definitely affected my score; knowing more than that really didn’t seem to matter (at the time). Then I learned more; and now I wish I knew long ago that it really does matter. That is, if you like paying thousands of dollars less for a car, a home, and insurance. Or if you want to have an easier time getting a job, renting an apartment or hooking up your utilities. That is what I love about www.CreditScoreQuiz.org. I wish I could go back in time and take the Quiz two years ago and compare my scores. Today, I rocked it. Okay, to be honest I still missed two questions, which only proves I have more to learn!
by Lila Quintiliani, AFC®
Blue Star Families just released its 2012 Military Family Lifestyle Survey Report. While the survey has tons of significant feedback on important topics such as military pay and benefits, children and deployment, and spousal employment, the thing that caught my eye is that 68% of respondents said they experience financial stress. Meanwhile, only 34% said that their unit provided financial education and that they knew where to find answers to their questions. Wow! That’s troubling. And I can’t help but feel that while there are some individual units out there that may be lacking when it comes to educating service members and families, there is DEFINITELY help out there, if you know where to go to find it.