The Road to Financial Wellness

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The Road to Financial Wellness
Wednesdays | 3 p.m. ET
#CreditChat

Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, we talked to the community about the Road to
Financial Welln...

How do you define financial wellness?
Wednesdays | 3 p.m. ET
#CreditChat

Financial Wellness is being in control
of your finances, and having the
freedom to live without fear or doubts
about finan...

Financial wellness is having the ability
to take care of today’s needs and save
for tomorrow’s wants.
“
Wednesdays | 3 p.m...

Financial wellness is being financially
literate and living a long-term
sustainable lifestyle.
“
Wednesdays | 3 p.m. ET
Op...

Financial wellness is being financially
literate, empowered and in control. It
means you are proactive with your
financial...

What are bumps people may encounter on
the road to financial wellness?
Wednesdays | 3 p.m. ET
#CreditChat

Picking up bad financial habits. Abusing
credit, making buying instead of saving
a priority and not understanding needs
vs...

Debt, poor credit and unexpected events
can slow you down, but everyone can
achieve financial wellness.
“
Wednesdays | 3 p...

Unexpected expenses can make for
some big bumps in the road- having
an emergency fund can make these
hurt less.
“
Wednesda...

Health issues. Many people are a
diagnosis away from a financial crisis.“
Wednesdays | 3 p.m. ET
#CreditChat
”
AFCPE
@AFCPE

Low income communities are often
targeted by predatory lenders who can
make it VERY hard to achieve financial
wellness.
“
...

Fearing the word ‘budget’. Call it
what you will, it’s a map for the road
to financial wellness.
“
Wednesdays | 3 p.m. ET
...

Discipline is a major roadblock to
financial wellness… not knowing
when to say no to yourself hurts
your bottom line.
“
We...

What are some common debts people
struggle with?
Wednesdays | 3 p.m. ET
#CreditChat

The main debts that have trended
on #TheRoad are student loans,
credit card debt and medical bills.
“
Wednesdays | 3 p.m. ...

Credit card debt, personal and
payday loans, homes and car loans
and store accounts.
“
Wednesdays | 3 p.m. ET
#CreditChat
...

Debt preys on the uninformed. Arm
yourself with the knowledge to
wrangle and tame it before it runs
your life.
“
Wednesday...

For millennials, student debt is the
biggest struggle. The cost of
education is out of hand. For others
it’s mortgages and...

What are steps people can take to get out
of debt?
Wednesdays | 3 p.m. ET
#CreditChat

Education is an important part of
getting out of debt. Teach yourself
about basic personal finance.
“
Wednesdays | 3 p.m. ...

Take stock of how much you owe. Stop
hiding from it and get a clear picture of
the situation.
“
Wednesdays | 3 p.m. ET
#Cr...

Trim the fat off your monthly spending
(clothes, alcohol, restaurants) and start
putting that money toward your debt.
“
We...

The first step is making a
commitment to yourself to get out
of debt. Being honest with yourself
your needs and wants.
“
W...

Know your financial personality, make a
plan to money for past debt, present
spending and future saving.
“
Wednesdays | 3 ...

Create a bare bones budget and
stick to it! You’ll be amazed how
much extra money you’ll have.
Invest it.
“
Wednesdays | 3...

How important is budgeting on the path to
financial wellness?
Wednesdays | 3 p.m. ET
#CreditChat

It’s important to create a spending
plan! Know where your money is
going!
“
Wednesdays | 3 p.m. ET
#CreditChat
”
MoneySavi...

Essential. Without a budget, you’re
traveling without a map.“
Wednesdays | 3 p.m. ET
#CreditChat
”
Money Crashers
@MoneyCr...

Budgeting is the blueprint to financial
wellness. Planning and not diverging can
ensure financial success.
“
Wednesdays | ...

Budgeting it absolutely central
to achieving financial wellness.
It puts you in the driver’s seat
of your finances.
“
Wedn...

It’s hard to get a handle on your
finances if you don’t even know how
much you’re spending! Budgets are
crucial.
“
Wednesd...

How does credit affect financial wellness?
Wednesdays | 3 p.m. ET
#CreditChat

Having a good credit score is part of
being financially healthy. Don’t take
unnecessary debt, but a little is okay.
“
Wedn...

Good credit allows big item
purchases. If abused, it can take years
to repair. Spend wisely and stay in
your budget.
“
Wed...

You will have times in your financial
life where you need credit. House, car
or loan? You might need to have your
credit i...

Good credit can lower interest rates
making debt less costly and more
manageable.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
A...

Credit can help or hinder your
financial wellness depending on how
responsible you are being with it. The
key is responsib...

Credit will always play a role in our
finances, but you get to decide if it’s
the villain or hero.
“
Wednesdays | 3 p.m. E...

Remember, credit is not the same as
debt. Credit is a tool. Debt is a
problem.
“
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_G...

What are ways to save when struggling
with debt?
Wednesdays | 3 p.m. ET
#CreditChat

Start with your emergency savings
first so you can deal with unexpected
issues that might arise while you
work to pay off ...

Automate! Make sure you take at
least 10 percent off the top for
savings.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
MoneySavi...

Take a look at your spending and start
small if you need to. Maybe don’t go out
to eat for a week and save without
owing i...

Set up automatic savings and start
paying off high-interest debts first
(credit cards). You can do both at
once.
“
Wednesd...

Pick up a side hustle! Not only will it
earn you a little extra cash to put
towards debt, but you’ll pick up new
skills!
“...

When should you seek help from a financial
expert? Any nonprofits you can recommend?
Wednesdays | 3 p.m. ET
#CreditChat

Everyone can benefit from talking to
a financial planner. They may see
problems or opportunities that you
don’t.
“
Wednesd...

When to contact professional help will
vary from person to person. But the
important thing is to not fear asking
for help!...

Education is an important part of
getting out of debt. Teach yourself
about basic personal finance.
“
Wednesdays | 3 p.m. ...

Financial planners can help you map
out your financial journey before
you get off the beaten path.
“
Wednesdays | 3 p.m. E...

No matter who you are, you deserve
to treat yourself to a financial
professional. It’s like preventative
medicine.
“
Wedne...

The notion that you need money to talk
to a financial professional is
bothersome. There are financial advisers
that will i...

Any final tips to help the community stay
financially well?
Wednesdays | 3 p.m. ET
#CreditChat

It’s never too late to achieve financial
wellness. Find tools, make a plan and
work hard. You can do it.
“
Wednesdays | 3 ...

Don’t beat yourself up over past
decisions. Start with a clear slate today
and use lessons learned to improve
going forwar...

Encourage learning and teaching.
TALK about money. Understand how
it works.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Melanie...

Remember - money is just a
tool. You’re always in control!
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Emerge
@emergebenefit

Become financially literate, educate
yourself and stay disciplined. I can’t say
enough about discipline. Emotion has no
pl...

Learn something new every day about
personal finance; save early and often;
live below your means.
“
Wednesdays | 3 p.m. E...

Check out videos, podcasts, and list of upcoming chats:
experian.com/creditchat

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