The 5 pillars of financial literacy and success

It is a simple fact that money matters in life. Many have said money doesn’t buy happiness and that may be true; but at the very least it buys peace of mind. We must remember that money is a tool and like all tools we must learn how to utilize it properly. 

YOU

As individuals we create and define our community.  We must act in our collective best interest, share knowledge, resources, respect and uplift those around us. 

Money Values and Habits

It is important to understand how we are influenced every day to make money decisons. We have to recognize the values and habits we have to or with money as well as the external factors that shape our spending decisions.

Spending Plan

Building an effective spending plan helps prioritize and identify needs and wants. An effective spending plan should help you manage your finances and provide a guide for spending decisions.

Saving

There are many ways to save. Saving helps you plan for the future and cover any unexpected expenses you may have. Saving is a crucial tool needed to reach financial goals. Remember saving is done gradually and consistently.

Credit

Credit is a tool that must be carefully and strategically utilized. When you have credit in good standing you qualify for lower rates. Most lenders use the default method of the 5 C’s of credit to determine a persons credit worthiness. Be diligent in monitoring and maintaining credit.

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