Many adults recently began a new job. The newest members of the workforce have an entire career ahead of them to shape. If this is you:
- Will you learn everything quickly?
- Will you be on time every day?
- Will you pay attention to details?
- Will you be a good “team” player?
- Will you demonstrate the skills needed to advance?
Just like the developing reputation with your boss and co-workers, each individual’s financial future starts out with a blank slate. The behaviors and habits developed from that point forward build the financial reputation that will follow each individual for a very long time.
If this describes you, consider the importance of building a strong reputation. You may have been focused on this for many years already. It is a perfect time to take the lessons learned in the past and to apply them today.
Consider the past and your focus on building a reputation:
- Friends. What is your reputation among those closest to you
- Family. How do your relatives describe you?
- Social Media. Everything you post, publish or tweet follows you.
- Community. Giving back and showing character has a lasting impact.
Control the present and how you are viewed by the financial industry:
- Credit Cards. Avoid high interest programs and late payments to keep your options open. Budget to pay more than the minimum payment to reduce or eliminate a balance.
- Auto Loans. A great way to build your credit score and reputation. Get a plan with a payment you can afford and avoid late payments.
- Checking Accounts. By managing your balance and remaining aware of the timing of withdrawals (automatic payments pulled from your checking account), you will not bounce checks and/or incur fees.
- Bill Paying. By consistently paying on time, companies will want to do business with you today.
Build the foundation for a secure future by participating in a credit union that has the best package of programs:
- Low interest credit cards help you manage your balance and avoid high interest payments.
- Pre-Approved Auto Loans help you plan for your trip to the dealership so you can stay on a budget you can afford.
- Checking Accounts programs may have overdraft protection so you do not inadvertently make a reputation-damaging mistake and are typically much less expensive than the fees charged by banks.
- Online and Mobile Banking to provide the flexibility and technology of today so you can manage your financial future and reputation.
If you are already a member of a credit union, visit a local branch, call them on the phone or look online for the opportunity to learn about the programs available that will help build the reputation you want and the financial future you will earn.
If you have any questions about how to join a credit union, email PFP | The Family Security Plan® at: Theuplift@familysecurityplan.com
Written By: David J. Sussman Esq. CLU