The Center for REALTOR® Financial Wellness is a resource designed exclusively to meet the specific financial planning needs of REALTORS®. You’ll find budgeting tools, retirement planning resources, options for investing in real estate, and more.
Visit www.FinancialWellness.realtor to take your assessment and start planning for your future today!
March Is National Credit Education Month: What You Need to Know
How to observe National Credit Education Month
1. Check your credit score
It is important to know your credit score for a variety of reasons. One of the benefits of a high credit score rating is being able to borrow money at a lower interest rate. When you need to purchase a new car, for example, they will check your credit rating to determine the interest rate of your car loan. Even when you believe your credit score to be in order, it can change very quickly so be sure to check it out this month!
2. Focus on meeting payment deadlines
One of the best ways to maintain or build a good credit rating is to make all your payments on time. If you have a bad habit of forgetting to pay bills timely, set up payment reminders through your personal calendar system. Even better, you can enroll in auto-withdraw with many of your accounts ensuring you never miss a payment.
3. Teach your family about debt
Did you know more young adults aged 20 – 24 declare bankruptcy than graduate from college? Credit cards are the biggest contributor to this. Teach them about saving money, wise spending, and how to build good credit sooner rather than late.
For more information, please visit the CFPB and register for NAR’s March Center for REALTOR® Financial Wellness Credit Management webinar.
The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs. Source: CFPB.
NAR and Morgan Stanley have come together under the Center for REALTOR® Financial Wellness to provide NAR Members with special offers on financial planning and investment services.
A Guide to Managing Volatile Market Shifts
To access this timely resource, please visit FinancialWellness.realtor and select the ‘Wellness Essentials’ tab.