Getting Your Finances in Line for 2019
Then end of the year is a great time to reevaluate your finances for the coming year. We discussed financial housekeeping last year at this time and we’d like to take a moment to remind our valued clients about some of the things you can do to improve your financial well-being as we head toward 2019.
Last year, we shared information about how to meet with a CPA to review your finances for the coming year. We also discussed options for the Asheville area’s self-employed professionals. We also encouraged readers to take a closer look at their credit score and make a plan for any necessary improvements. And we talked about the team of professionals available in our community to help you reach your financial goals.
This year, we want to add one more resource to that list, OnTrack WNC. So,what does this service provide and why do we recommend it to our community? Let’s take a closer look.
Build and Improve Your Credit
On Track WNC offers a Credit Builder program to help community members learn more about their financial healthy and strategies to make any necessary improvements. If you’re interested, the first step is to attend their required Credit Class where you will learn how credit scores work, have popular myths dispelled, and learn to build your credit to make up for any past mistakes.
These classes are offered weekly in Asheville, so we recommend you contact them right away.
On Track WNC will also pull your credit report to review your specific situation and provide one-on-one interaction with a credit counselor. You will be presented with action items you can do to help improve your score and repair your financial health.
If you think you will be buying a home in 2019, On Track also offers buyer education courses to help you navigate the process. You will learn the entire process of buying a home, better understand where you are in terms of viability, and talk with local professionals just like the ones who will help you through the entire process.
Classes are available monthly. Or, if you’re not yet in the Asheville area or your schedule makes it difficult to attend, there are online courses as well.
Through this process, you will also receive a credit report and discuss your home buying options with a counselor.
Create a Spending Plan
Of course, for many people, a tangible and hands-on approach to financial planning is essential. If you don’t know where to start to create a spending plan for your budget, On Track can help you. All of your discussions will be confidential but it can give you peace of mind to know you have a plan in place.
Pay Down Your Debt
For many people, the main concern is paying down debt. Having a plan in place to reduce consumer debt and more will be essential to your year end financial housekeeping, especially if you are interested in buying a home in 2019.
You can start by attending the debt management class offered by On Track. You can also elect to receive debt counseling where a certified financial counselor will help you create a budget, provide access to resources that can help, and give you steps to take to be accountable for the outcome.
Manage Student Loan Debt
We hear from so many young people that student loan debt is so high that the idea of homeownership seems eternally out of reach. On Track can help individuals with student loan debt as well to provide the tools you need to get your budget under control.
They offer both a DIY guide to managing your student loan debt and the ability to meet with a counselor to help you dig deeper.
If you want to know more about cleaning up your finances for buying a home in 2019, contact the team at Prime Mortgage Lending, Inc. today.