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Don't miss next week’s #CreditChat. It will be the first chat for our Spring Bootcamp Series. Remember to RSVP for a chance to win a $50 Amazon gift card: bit.ly/3h8R9Kn
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Thanks to our awesome panelists: @AmericaSaves, @LeslieHTayneEsq, @Lawrence_Sprung, @BeverlyHarzog, @Jennifer_Wwhite, @Rod_Griffin and @Teena_LaRo for taking the time to share your expertise! #CreditChat
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A10. Becoming financially resilient is vital to your overall financial health and success. You can become financially resilient by taking an active role in understanding your finances, setting goals, and establishing a plan to achieve those goals. #CreditChat #ASW2022
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A10: Prioritize paying down debt, especially high interest debt, in addition to prioritizing emergency savings. When you’ve paid off your debt, allocate the money that were going to your debt payments to emergency savings or retirement. #CreditChat
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Q10. What final tips do you have for building financial resilience? #CreditChat #ASW2022
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A9. Emergency savings help to ensure that you can navigate a financial setback without consequence to your overall financial health. You can learn more about emergency savings in this article from Ask Experian: bit.ly/3JRCsHM #CreditChat #ASW2022
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A9: The more money you have saved for rainy days, the less debt you’ll need to bail yourself out of as you recover from an unexpected life event or emergency. #CreditChat #ASW2022
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Q9. How does setting aside emergency savings ensure financial resilience? #CreditChat #ASW2022
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A8. In most cases, during a volatile stock market the answer is often to wait for it to even out. This is especially true if you aren’t close to retirement age. #ASW2022 #Save2Retire #CreditChat (1/2)
Q8. How do you protect your retirement savings against a volatile stock market? #CreditChat #ASW2022
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Q8. How do you protect your retirement savings against a volatile stock market? #CreditChat #ASW2022
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Q7. What can you do to make sure you can cover increased healthcare costs in retirement? #CreditChat #ASW2022
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A6. Healthcare is one of the largest expenses in retirement, in part because you don’t have access to workplace benefits. According to Fidelity, an average couple age 65 may need approximately $300,000 to cover health care expenses. bit.ly/3IgY7ZM #CreditChat #ASW2022
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Q6. How does your physical health affect your financial resilience in retirement? #CreditChat #ASW2022
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A4. If your job offers a retirement savings program, you should look into the benefits of participating in it. Here’s some more info about retirement options: bit.ly/3JNTGWO #CreditChat #ASW2022
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Q4. How can you save now to ensure you have a secure retirement? #CreditChat #ASW2022
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Q3. What role does credit play in being financially resilient? #CreditChat #ASW2022
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A2. To become financially resilient, it is essential to focus on your complete financial picture. Examine your savings, your needs, your credit health, your mindset and emotions around money, your understanding of money topics and your goals. #CreditChat #ASW2022
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Q2. What areas of personal finance do you need to focus on to become financially resilient? #CreditChat #ASW2022
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A1: According to @AmericaSaves, being financially resilient is about more than having access to money. It includes being conscious of your financial landscape, being aware of available resources, and more. bit.ly/3JQcHb6 #CreditChat #ASW2022
