There are millions of people who struggle with their finances and poor credit. Poor credit along with expensive debt causes a downward spiral which keeps many in or at the brink of poverty. Once this cycle starts, it can be difficult to stop.
What people often don’t understand is just how much financial trouble is both self-induced and systemic. There is a reason why people suffer from poor financial choices. Our economic system is designed to work against us and encourage poor habits. The cycle begins with free credit card offers. It is very easy to purchase something now and pay for it later. Easy credit leads to overspending, which causes more borrowing. Eventually, it may seem impossible to pay off your credit card debt. Paying the minimum on credit cards or missing payments lowers your credit score, which causes higher interest rates. If the credit card balance is not paid off, everything purchased ends up costing more due to higher interest rates. This cycle continues to grow causing those in it to further spiral
downwards.
Combined with our consumer culture and celebration of spending, we have the perfect recipe for debt. We will teach you how to properly
budget and set goals for savings and responsible spending. The need to spend is a significant reason why our saving rates are so low, and
our debt is so high. Countries with the highest advertising have the lowest saving rates. Countries with the highest saving rates have the
lowest advertising rates. See the connection? We should be aware of this trend. Although it might make you feel victimized, there are many
others in your same situation. Only through awareness and knowledge are we able to change our spending behaviors.
We will introduce you to free budgeting tools to help you track all of your spending, savings, and set goals. We will have regular check-ins
with your financial coach to encourage you and hold you accountable when necessary. We understand that change is not always easy;
remember, we have been in your shoes at one point too. With knowledge, training, and the right mindset, you too have the ability to reach
your financial dreams - AND WE WANT TO HELP!
What people often don’t understand is just how much financial trouble is both self-induced and systemic. There is a reason why people suffer from poor financial choices. Our economic system is designed to work against us and encourage poor habits. The cycle begins with free credit card offers. It is very easy to purchase something now and pay for it later. Easy credit leads to overspending, which causes more borrowing. Eventually, it may seem impossible to pay off your credit card debt. Paying the minimum on credit cards or missing payments lowers your credit score, which causes higher interest rates. If the credit card balance is not paid off, everything purchased ends up costing more due to higher interest rates. This cycle continues to grow causing those in it to further spiral
downwards.
Combined with our consumer culture and celebration of spending, we have the perfect recipe for debt. We will teach you how to properly
budget and set goals for savings and responsible spending. The need to spend is a significant reason why our saving rates are so low, and
our debt is so high. Countries with the highest advertising have the lowest saving rates. Countries with the highest saving rates have the
lowest advertising rates. See the connection? We should be aware of this trend. Although it might make you feel victimized, there are many
others in your same situation. Only through awareness and knowledge are we able to change our spending behaviors.
We will introduce you to free budgeting tools to help you track all of your spending, savings, and set goals. We will have regular check-ins
with your financial coach to encourage you and hold you accountable when necessary. We understand that change is not always easy;
remember, we have been in your shoes at one point too. With knowledge, training, and the right mindset, you too have the ability to reach
your financial dreams - AND WE WANT TO HELP!
