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Wednesday, September 23, 2020

Adulting 101: Financial Tips for Young Adults

 

Adulting 101

 

Congrats! You’re on your own and have become an adult, but have you considered one of the hardest parts of becoming an adult…your finances?  We hear terms like budgeting, credit scores, taxes, interest, loans, etc. but most of us were never taught what these things mean. So how do we become educated in a time where our generation (Gen Z & Millennials) avoids the conversation involving their finances? We know taking the first step towards acknowledging your finances is the hardest part.  That’s why we have provided some tips and resources to help you overcome this fear and take action!

 

Everyone deals with money anxiety whether it be having enough to make ends meet, paying bills, buying a home, or even earning enough income to achieve long-term goals; you are not alone!

 

First things first, here are some tips to help take small steps to become more comfortable addressing your finances:

 

·         Create a monthly budget

·         Check your account balances once a week

·         Pay bills as soon as possible

·         Keep credit card accounts low and pay off as soon as you spend

·         Start to create long term financial goals

·         Invest in yourself

 

Still overwhelmed with your finances? Don’t be afraid to get help! The more you talk about money and listen to what works for others, the more your fear will begin to fade. We at Origin SC have amazing resources to help you, many are FREE. Take advantage of them while you can! Getting ahead early will help you with those long term financial goals.

 

Origin SC Free Virtual Classes: https://originsc.org/classes/

 

Credit Improvement & Making Ends Meet 

Learn the positive steps you can take to improve your credit & basic budgeting techniques and day-to-day money management strategies. This workshop can be especially helpful for potential homebuyers.

Intro to Homeownership

Gain a better understanding of the homeownership process – from the mortgage application to down payment assistance.

 

First Time Homebuyer

Take advantage of this comprehensive HUD-certified workshop! Learn the latest from our licensed homebuyer coaches and meet trusted professionals in the industry.

Bankruptcy Counseling

Get the counseling and education you need if you are facing bankruptcy.

Foreclosure Prevention

Learn how our licensed and experienced staff can advocate on your behalf to get you back on track with your payments or save your home from foreclosure.

·         To sign up for these virtual classes, you can find them here: https://originsc.org/classes/ or can call 843.628.3000

·         Each class is led by our HUD-licensed facilitator: Tavia Watson

By: Allie Ryan

1 comment:

  1. I want to share additional resources. This can all be confusing when you first start living on your own and planning your budget. But there are good tips to help you with this budgeting process.

    ReplyDelete