Paying Down Debt is Saving
Posted On: February 25, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks
It's America Saves Week and our friends at America Saves firmly believe that paying down debit is saving and so do we!
By reducing debt you're saving on interest, late fees, and maintaining/increasing your credit score.
Read More on how with planning and support almost anyone can reduce their debts and start to accumulate wealth through saving.
Debt Management Education
Posted On: January 5, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks
Approximately 80% of Americans are in debt – but debt is always a bad thing! Credit cards, student loans, and mortgages are all examples of debt. Learn how to make a plan to manage your debt, with insights around:
How to determine how much debt is too much
How to calculate your debt-to-income ratio
Different strategies to help you pay down debt
Reference
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