Week 6 included the end of Chapter 6 about Building and Maintaining Good Credit and also Chapter 7 about Credit Cards and Consumer Loans. Our first exam was on the Thursday of that week. We finished Chapter 6 discussing bankruptcy and good money habits to build good credit. We covered the two types of bankruptcy, which are Chapter 13 and Chapter 7 bankruptcy. One of the good money habits that was stressed during class was never cosign a loan for someone. Then we covered Chapter 7, Credit Cards and Consumer Loans. We discussed secured and unsecured loans. We talked about interest rates and credit cards. One of the beneficial loans that was stressed during class was the HELOC. This is the home equity line of credit. It sounds like this is very beneficial to have. Currently my husband and I do not have this type of loan, but we will considered it for the future. Thursday was our first test in Finance 3060.
The article that I chose for week 6 is "Mastering Your Holiday Season Budget" from www.fpanet.org. Since we are not in October, the holidays are coming to mind. Personally I always spend more money at Christmas time than I had planned. Some of the article ideas are make a total budget of what you plan to spend, try making gifts if possible, and start saving early. I think these are all great ideas, and I hope to do better about holiday spending this year.
The article that I chose for week 6 is "Mastering Your Holiday Season Budget" from www.fpanet.org. Since we are not in October, the holidays are coming to mind. Personally I always spend more money at Christmas time than I had planned. Some of the article ideas are make a total budget of what you plan to spend, try making gifts if possible, and start saving early. I think these are all great ideas, and I hope to do better about holiday spending this year.
| mastering_your_holiday_season_budget.pdf |
RSS Feed