Managing Your Money

What makes the act of doing, rather than a focus on consuming, such a powerful tool for success? Here are just a few of the benefits.

You know your end goal and you have no problem taking the lead on this one. So you make the decision and hand out the marching orders – but did you make the right choice?

You’re kind. You’re generous. You’re far more likely to spend money on someone other than yourself. You have a hard time saying “no” because you don’t want to hurt someone’s feelings.

You’re decisive. It’s one of your strongest traits. You’re a research pro, uncovering countless options and logically weighing your choices.

You’ve always been the responsible one, never splurging or making that impulse buy because you know it’s wrong. Does this sound like you?

Your feelings are your guide. Intuitively, you know how your decisions may impact those around you, which can lead you to jump from one idea to the next in an effort to please others.

You do your research before any purchase. You read reviews, even if it’s just for a fast food place. You look at a problem from every angle.

Choosing your first credit card is exciting! It's a powerful payment option that gives you a personal line of credit to purchase the things you need. Still, it's important to be mindful of the risks.

Your debt-to-income ratio (DTI) ratio indicates how the amount of debt you owe compares to your gross, or pre-tax income. For this financial score, the lower the number, the better.

With credit cards explained, you'll be ready to make smart decisions when making purchases while also managing your debt better.

Personal financial strategies tend to shift with each generation, especially as the economy and job market changes and new savings tools are introduced.

How can you unlearn these habits, bring awareness to your own personal set, and rework them into good financial habits?