Thank you to Jordan Harcharik of SOCU for talking to us today about personal finances. Before we jump into business finances later this year, it was important to establish what our own financial well-being looks like. Jordan passed out worksheets that helped us plan for short-term and long-term savings goals, and talked about money that supports our well-being versus purchases that might be more of a convenience or impulse. She talked about the 50-30-20 rule of healthy personal finances; which is 50% spending on needs, 30% on wants and 20% on savings. She also discussed the value of credit scores, how they are computed, how they are different, how debt affects them and what we can do to acquire good scores. Additionally, she passed out a worksheet for helping us with personal monthly budget plans.
02Sep