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Financial literacy is a never-ending journey. If you’re lucky, you learn the basics of money management when you’re young and have the tools for a bright financial future ahead of you. If you’re not so lucky, you may have never been taught how to budget or save and find yourself worrying daily about how to make ends meet.
Don’t worry, Availa Bank can help. It's part of our mission statement: empower our team to inspire and enable our clients and the communities we serve to achieve financial success. On this page, you will find helpful blogs and resources to guide you to financial freedom in no time. Check out our topics below to learn more!
What is a Credit Score? And Other Common Credit Questions
06/01/2021At some point in your life, you have probably heard the term credit score. You may have seen commercials talking about how important it is. Maybe your parents mentioned it when you were going to college. Maybe it’s the reason you signed up for your first credit card.
For a lot of people, thinking about credit scores can make you feel like you’re back in school, trying to learn how to do taxes and balance a checkbook. It can be confusing and complicated to manage your credit in today’s world. Countless myths and bad advice surround credit scores, making it hard to tell what’s real and what’s fake. I’m here to help you get rid of the mystery so you can master your credit score.
What is the Best Way to Get Rid of Your Debt?
05/03/2021I am in debt.
How many of you can relate to that statement? Did reading it send a little chill down your spine as you remembered all the different payments you currently have to make each month? You’re not alone. In 2020, the average household debt in the United States was $148,298 dollars, with a total of $14.56 trillion across the nation.
Benefits of a No-Budget Plan vs. A Time-Based Budget Plan
04/01/2021In last month’s blog, we talked about a couple different kinds of budgets you can utilize for your personal finances. As you know, the overall concept of budgeting never really changes, but there are plenty of plans out there and each one is a little bit different. It’s good to be aware of the different options so you can find the one that works best for you. However, just because you know about the plans doesn’t make it easier to pick one.