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You can save yourself money in the long run by leveraging credit management. Lower interest rates and lower fees are some of the benefits of watching your credit score. You can go to  www.annualcreditreport.com any time to check out exactly where you stand with your credit.

 

 

Each generation comes with its own unique challenges. For millennials, this often means a lower degree of financial literacy. Finances can be daunting and confusing, but there are several strategies that can make them more manageable.

The millennial generation is well-known to have grown into an aversion of accumulating debt. Americans under 35 years of age are less likely to have a credit card than any other demographic. In fact, according to an analysis by The New York Times, data from the Federal Reserve indicates that the percentage of this cohort who hold credit card debt has fallen to its lowest level since 1989.

And who can blame them? This is the generation that came of age during the financial crisis, who witnessed first-hand their parents and/or their friends’ parents struggle through the horrors of too much debt. It really is no wonder, then, that a Money Under 30 survey revealed that today’s 20-somethings are three times as likely to make purchases with a debit card or cash than use a credit card.

Check out HeyWalt for credit management, budgeting tips ad much more!