We’re expected to pay taxes, make payments, take out loans, review interest rates, and manage credit cards the moment we’re thrust out into the world after high school. It can be a heavy amount of information we are expected to learn once we hit the age of 18, considering our basic education does not cover the ins and outs of financial literacy today.
More important than loans or rates is one measurement of financial trustworthiness that can make or break your future, according to finance entrepreneur Colin Yurcisin. It’s known as credit.
When individuals fail to pay back loans, accumulate more debt than they can pay off, and make poor financial decisions at a young age, they impact their credit score in a damaging way.…Continue reading