MENTHER WEALTH
TOO MANY SHOES MAY CAUSE LONG-TERM FINANCIAL DISTRESS! Being in control will open up the path to a secure financial future LIANNE LUTZ
W
e all know the rush of excitement amidst a shoe shopping retail therapy experience. All that is needed now is a cappuccino and a chat with your bestie! However, when the credit card statement becomes a frequent feature of your nightmares, it’s time to take control and to understand that too many shoes may have a negative effect on your financial affairs. What is needed is a sensible, practical approach to
money management. Being in control will open up the path to a secure financial future. It’s essential to educate yourself to understand the concepts, terminology, and approaches to guide you along your financial well-being path. What is money management? Money management encompasses budgeting, saving, investing, and spending. Money management requires knowledge, introspection, and restraint. Always ask yourself –
is this the best decision at this time in my life? What is a credit score rating? A credit score is what most lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or credit card. A credit score is based on your credit history. It ranges from 300-850 – the higher your score, the more likely you will be able to receive a loan or a credit card. How you’ve managed your finances in the past will contribute to your success when
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