Today’s tip features John Thro of the St. Louis County Problem Property Unit. Mr. Thro talks about the vulnerability of empty houses—he encourages people to call their city or county if there’s an abandoned or foreclosed home in their neighborhood that’s being neglected, because these homes are very vulnerable to theft or vandalism. The sooner the problem is taken care of, the better.
Today we have a video of Dennis Johnson as he gives some tips for saving money. He says that your expenses should be less than your income, and that you need to develop a budget so you’re able to save some money. If you have debt, incorporate the repayment into your budget.
For our tip today we have a video where Dennis Johnson talks about taking out home equity loans to pay off other debt—something he does not recommend.
If you live in Missouri and need of free tax assistance visit the University of Missouri Extension’s website by clicking here or on the picture below.
Today’s tip features Dennis Johnson of ClearPoint Financial Solutions as he explains a universal default clause. This clause may be part of your credit card application, and it means your credit card company can monitor your credit history. So if you miss a payment with anyone, your credit card company can raise your minimum payment amount and/or your interest rate. It’s especially important to understand the terms of your credit card and to read everything your credit card company sends to you.
In today’s tip Dennis Johnson of ClearPoint Financial Solutions and Eric Madkins of the Urban League of Metropolitan St. Louis discuss the importance of having emergency savings. They suggest having at least 3-6 months worth of living expenses saved, just in case something happens. Right now it’s more important than ever to be proactive and plan ahead. The more prepared we are, the better we’ll be able to weather this financial crisis.