Today is Get Smart About Credit Day! An annual event where bankers visit classrooms to explain basic personal finance principles to kids, Get Smart About Credit Day helps teach people about the credit facts of life. Though the lessons can be broad, there are three areas of focus: paying for college, knowing your score, and protecting your identity.
We at Talking Cents love any campaign that spreads financial literacy and highlights the importance of educating children about personal finance. Becoming financially literate is an important journey! Here are some resources that can help you understand the three areas of focus and helps you reduce credit card debt.
Paying for College
- Regardless of a child’s age, our workbooks are designed to help kids learn the right financial information early on. The workbooks cover from K-college.
- Kids should be educated on college costs and saving money to contribute to their own education. They can start saving at a young age, using these ways to make money, including jobs and allowances.
Knowing Your Score
- Do you know how a credit score is calculated? Learn about credit scoring factors here.
- Using credit wisely is an important part of having the responsibility of a credit card. Here are eight simple rules for smart credit card usage.
Protecting Your Identity
- Identity theft is a major problem, with millions of Americans having their identity stolen each year. It is a long and difficult process to clear up one’s good name, so the best defense is to protect your information. Learn about minimizing your risk for identity theft.
- If your credit, ATM, or debt card has been stolen and used, you need to know what to do. You want to limit your financial loss while also making sure you are not inconvenienced by the theft. Find out what to do if your card has been stolen.
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.