Take the First Step to Financial Wellness
Your path to a healthy financial future begins here.
GreenPath’s certified experts will empower you to eliminate financial stress, get out of debt, increase savings, and achieve your financial goals. We will take time to understand your financial situation. We’ll develop a personalized plan that works for you. And we will be here to support you every step of the way. Take the first step.
Free Financial Counseling
free financial guidance without a sales pitch. A caring, certified GreenPath expert will help you explore options for easing financial stress and achieving your financial goals.We’ll develop a personalized action plan just for you.
Debt Management Plan
If you have credit card debt, you may qualify for a GreenPath
debt management plan. We set up a repayment plan with your creditors that may stop collection calls, reduce interest, and eliminate fees. You could pay off your principal balances faster while saving thousands of dollars.
Credit Report Review
Learn more about your credit report, how to dispute inaccurate information and tips for managing your credit score.
Are you behind on your rent or mortgage payments?
GreenPath’s housing experts can help you get back on track. Buying a home? We’ll help you navigate the homebuying process and prepare for home ownership. Considering a reverse mortgage or home equity loan? We’ll help you determine if it’s right for you.
Student Loan Debt Counseling
We’ll help you look into
student loan repayment options that can postpone or lower your payments. Learn the pros and cons of each option so you can make an informed decision.
GreenPath offers innovative ways to
learn more about personal finance online.
www.greenpath.com/thesummit for free eCourses, videos, webinars, calculators and other resources. Access free budgeting software on your financial institution’s website.
www.CheckRight.org for help with managing your checking account. 10 Tips for Establishing Good Financial Habits
What do you spend in a month? Create a monthly budget and track expenditures versus income each month to see if you are on track. Set a budget for meals and fun. Take the amount out at the ATM once per week. When this cash is gone, you have no more to spend that week for “treats.” Try not to withdraw more cash unless it is a true emergency. This will help prevent impulse buys and reduce any ATM fees you may be incurring. If you have cash left over at the end of the week, add it to your emergency fund or long term savings account.
Be protected while establishing credit. Get a credit card with a limit you can afford to pay off monthly since your debit card does not help establish your credit history. The limit should be no more than roughly 50% of your monthly income. Credit is also a safer option when making online purchases, and you will need a credit card if you ever need to rent a car, make a plane reservation, or rent a hotel room. Look for a card with no annual fee and a reasonable rate of interest.
Keep it old school. It might be “old school,” but use a check register to accurately track your spending. This is the best way to know exactly where your money is going.
Another option for establishing credit. Open a small line of credit tied to your checking account and pay it off monthly. This will help your credit score, and prevent fees for overdrafts or insufficient funds. Don’t use the line of credit intentionally; it should only be an emergency backup.
Set long-term financial goals. Write down your goals and set aside a percentage of your income each month toward them. Vacation? New car? These objectives will be more attainable if you save little by little.
Get the right terms on a car purchase. When considering an auto loan, try to keep your loan term to no more than 48 months for a used car and 60 months for a new car.
Save for emergencies. Establish a savings account that doesn’t allow ATM withdrawals. You’ll be less inclined to take the funds out if you have to visit a branch and they will be there when you need them.
Don’t let student loans get you down. Keep up with student loan payments, as late loan payments hurt your credit score. If you can’t make payments, contact your student loan lender to see if you qualify for any deferral programs.
Start saving for retirement now. Participate in your employer-sponsored retirement plans or 401k to the greatest extent you can. Start with at least enough to get the full benefit of any employer match. Additional Resources
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