Kosfellows Business Center

At Freddie Mac, CreditSmart ® – For financial success has to maintain control of their finances. Plan for tomorrow, but do not forget today. Take these steps to start to move towards financial success. Consolidate Credit Debt Refinance

1. Manage your money wisely

* Know your costs. Make a fixed budget and stay within it.
* Pay yourself first. Always set aside money for savings.
* Establish an emergency fund money.
* Save by direct deposit of your paycheck.
* Educate yourself about personal finance.

2. Take control of your credit

* Make all payments on time.
* Limit the number and use their credit cards.
* Keep the charges to a minimum.
* Reduce your debt. Contact your creditors.
* Check your credit report at least once a year.
* Seek financial advice while problems are still small.

3. Think long term

* Contact a professional financial advisor.
* Make an estimate of your pension or retirement fund.
* Know your Social Security benefits.
* Contributions to 401 (k) and individual retirement account (IRA – Individual Retirement Acct.)
* Please carefully investments in stocks and mutual funds.
* If interest rates go down, ask your mortgage refinancing.
* Be prepared
* Organize all your financial documents.
* Check your insurance coverage.
* Consider buying a disability insurance
* Prepare your will or, if you have it, update it.
* Update the list of beneficiaries in your will and all insurance policies.

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