Do you follow @AmericaSaves on Twitter? If not, you may have missed out on some great articles or blog posts this week about personal finance, savings, or news from America Saves and its campaigns. ICYMI, we share with you each Friday the top five pieces that highlight important topics for savers and partners alike.
This week’s #FridayFive are:
1. It has been said many times before and will be said many times again - it is never too soon or too early to start saving. In this week's #SavingsTipTuesday, America Saves and our partners honed in on an oldie-but-goodie from the blog about teaching savings skills at an early age. (Though we cannot emphasize enough the importance of doing so at any age!)
2. This week's #CreditChat with Experian about strategically managing debt yielded so many great pieces of advice! When asked about advice that folks would offer anyone drowning in debt, the overwhelming response was to seek help. The National Foundation for Credit Counseling and similar organizations can help those in need find an accredited adviser in your area - and as the quote below goes: you've got nothing to lose but your debt!
A6: If you're drowning in debt seek help from an accredit credit counselling society. You've got nothing to lose, just your debt #creditchat— MyMoneyCoach.ca (@mymoneycoach_ca) August 13, 2014
3. I wasn't kidding when I said that this week's chat reaped some serious gems! Rod Griffin has made this point in previous chats, but it was all too relevant as the #CreditChat started by discussing the pros and cons of credit cards in the context of debt. It's important to remember - regardless of where you stand in the great credit card debate - that debt and credit, while connected, are separate and should be managed and discussed as such. Credit can be immensely useful in making milestone purchases - cars, houses, etc. - but when managed solely in the context of credit cards, it can be a precarious, slippery slope to debt.
4. Looking for an app to help you with your budgeting and/or money management? In this week's #WBChat with WiseBread, many tweeted their favorite techie toys. I'm always a big proponent for these two, but that's just me. What are your favorite apps? Tweet 'em to us!
5. Sometimes budgeting can feel more like locking yourself to the confines of any financial restrictions than anything else. Tarra "@MsMadamMoney" Jackson, who brings realistic and relatable tips to the twitterverse on the regular, reminds us here that budgeting is really about the opposite. Budgeting can instead pave the path for all the things we need to, want to, and dream of doing!
Thanks for joining us for this week’s #FridayFive! We’ll see you here next week.