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SaveItUp

FORUM Credit Union has a variety of tools and resources to encourage better saving and spending habits.  Each month in our newsletter we highlight financial topics to promote financial wellness.
 
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How To Be Successful At Reducing Your Debt

Successful debt reduction starts with understanding the type of debt that you have accumulated. Good debt would be borrowing that was used on an appreciating asset such as a home. Bad debt would be debt that funded everyday expenses for depreciating assets like clothes or furniture. Your debt reduction focus needs to be directed at the "bad debt" first to achieve the best long term financial results. There are four key strategies that you need to implement in order to be successful. Continue reading about reducing your debt here
 

SaveItUp Moment

 

Tip

Your budget should drive your decision when it comes to any type of debt. 

Trivia

Our next SaveItUp Trivia will be the week of October 8. Answer on Twitter or Facebook with #SaveItUp for your chance to win $50!