Join our #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET. In this #CreditChat, we discussed financial literacy and financial planning for millennials. The panel included: Douglas A. Boneparth- CFP Board Ambassador and Vice President at Life and Wealth Planning, Brad Sherman- Investment Advisory Rep, Wealth Manager – LFS Corp and President of Sherman Wealth Management, Kelby Green- Financial Services Veteran and ‘Chief Frugality Officer’ at TheFRUGALennial.com, Rod Griffin- Director of Public Education at Experian, and Mike Delgado- Social Media Community Manager at Experian. This deck features tips from @SFCUNews, @care4yourfuture, @MoreThanWheels, @TheFRUGALennial, @CompareCards, @LeslieHTayneEsq, @shermanwealth, @RAHomes, @vouch, @Goldlabl, @NextGenPF, @CinfedCU, @Cheapsters, @DebbiKing, @Rod_Griffin, @CaryCarbonaro, @Kasasa, @dougboneparth,

1. Financial Planning for Millennials
#CreditChat
Wednesdays | 3 p.m. ET

2. Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, the community shared some key money tips for
millennials.
ex.pn/millennials

3. What financial struggles do millennials face?
#CreditChat
Wednesdays | 3 p.m. ET

4. Many millennials are having
difficulties finding jobs after
college, especially ones that can
pay the bills.
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews
”
“
Many millennials are having
difficulties finding jobs after
college, especially ones that can
pay the bills.
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews

5. Financial struggles: Student loan
debt, low wages, and an uneven job
market. However, student loan debt
is the most crippling.
#CreditChat
Wednesdays | 3 p.m. ET
CARE
@care4yourfuture

6. A couple of items millennials
struggle with are student loans and
saving. Some don’t realize how
good a rainy day fund is.
#CreditChat
Wednesdays | 3 p.m. ET
More Than Wheels
@MoreThanWheels

7. The average millennial student
loan debt was quoted at $33k. This
is a huge impediment for a person
just starting out.
#CreditChat
Wednesdays | 3 p.m. ET
Kelby
@TheFRUGALennial

8. #CreditChat
Wednesdays | 3 p.m. ET
What should millennials know about budgeting?

9. Just do it! If you miss a payment for
a bill, or rack up too much debt,
your credit score will reflect
immediately.
#CreditChat
Wednesdays | 3 p.m. ET
Compare Cards
@CompareCards

10. It is the key to future financial
success. You must sit down and
write out your monthly income and
your expenses.
#CreditChat
Wednesdays | 3 p.m. ET
CARE
@care4yourfuture

11. Budgeting is your roadmap to a
solid financial future. A good
budget now could open a ton of
financial doors down the road!
“
#CreditChat
Wednesdays | 3 p.m. ET
”
Leslie H. Tayne, Esq
@LeslieHTayneEsq
Budgeting is your roadmap
to a solid financial future.
A good budget now could
open a ton of financial
doors down the road!
#CreditChat
Wednesdays | 3 p.m. ET
Leslie H. Tayne, Esq
@LeslieHTayneEsq

12. There are a lot of free tech tools,
sites, and apps millennials can use to
help them budget - and make it fun!
#CreditChat
Wednesdays | 3 p.m. ETBrad Sherman
@shermanwealth

13. Start saving today for the funds
you’ll need tomorrow - like money
for a down payment.
#CreditChat
Wednesdays | 3 p.m. ET
Richmond American
@RAHomes

14. #CreditChat
Wednesdays | 3 p.m. ET
Vouch
@vouch
Budgeting can be a great way to
get to know your individual
spending habits and the places
where you could cut back.

15. #CreditChat
Wednesdays | 3 p.m. ET
What should millennials know about debt?

16. Knock it out now because there is no
later. Only defer or forbear if
necessary. Interest is no fun.
#CreditChat
Wednesdays | 3 p.m. ETJazmyn Anderson
@GoldLabl

17. Understand the difference
between taking on manageable
and unmanageable debt.
#CreditChat
Wednesdays | 3 p.m. ETLeslie H. Tayne, Esq
@LeslieHTayneEsq

18. You can’t just pay
the minimum
payment each
month. You’ll be
stuck forever!
#CreditChat
Wednesdays | 3 p.m. ETNextGenPF
@NextGenPF

19. #CreditChat
Wednesdays | 3 p.m. ET
Cinfed Credit Union
@CinfedCU
Debt has a way of snowballing.
Charging a little here and a little
there can add up quickly if you
aren’t careful.
#CreditChat
Wednesdays | 3 p.m. ET

20. There are ways to refinance or
consolidate student loans and
other debt that can lower your
interest rate.
#CreditChat
Wednesdays | 3 p.m. ETBrad Sherman
@shermanwealth

21. #CreditChat
Wednesdays | 3 p.m. ET
What should millennials know about credit?

22. Picking up good credit habits now
will help make it MUCH easier to
finance that big purchase in the
future.
#CreditChat
Wednesdays | 3 p.m. ETLeslie H. Tayne, Esq
@LeslieHTayneEsq

23. When it comes to credit, know what
you are getting into ahead of time.
Understand the terms. Have a
repayment plan in place.
#CreditChat
Wednesdays | 3 p.m. ETCheapsters
@Cheapsters

24. It is your financial reputation.
Don’t destroy it.
#CreditChat
Wednesdays | 3 p.m. ET
Debbi King
@DebbiKing

25. Credit MUST be treated
importantly. It is a key factor in
getting an apartment or home, car
loans, jobs, and etc.
#CreditChat
Wednesdays | 3 p.m. ET
CARE
@care4yourfuture

26. Know what’s in your credit
report. You can’t act until you
know what’s there.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin

27. #CreditChat
Wednesdays | 3 p.m. ET
How can millennials be smart with their
student loans?

28. Don’t ignore it. Look at how much
you owe, interest rates, repayment
plans. Have a plan!
#CreditChat
Wednesdays | 3 p.m. ETCheapsters
@Cheapsters

29. First, be aware of how much of a
student loan you really need and
don’t borrow one penny more.
#CreditChat
Wednesdays | 3 p.m. ETBrad Sherman
@shermanwealth

30. Consolidate loan debt. Do not be
late, this debt is NEVER forgiven
even in a bankruptcy, so you have
to remain current on it.
#CreditChat
Wednesdays | 3 p.m. ET
Cary Carbonaro, CFP
@CaryCarbonaro

31. Pay off the highest interest loans first.
The loan(s) with the higher interest
rate(s) is costing you more money.
#CreditChat
Wednesdays | 3 p.m. ETCARE
@care4yourfuture

32. Take full advantage of
available scholarships and
grants before exploring
student loans.
#CreditChat
Wednesdays | 3 p.m. ET
Vouch
@vouch

33. #CreditChat
Wednesdays | 3 p.m. ET
How can millennials start saving for retirement?

34. Don’t wait! Sign up for your
company’s 401k plan ASAP!
#CreditChat
Wednesdays | 3 p.m. ET
Compare Cards
@CompareCards

35. Speak with experienced financial
planners who can help you find a
workable plan for your situation
and goals.
#CreditChat
Wednesdays | 3 p.m. ETBrad Sherman
@shermanwealth

36. It starts with budgeting. Figure out how much
you need for your essential expenses and budget
a small amount to save for retirement. A small
amount can go a LONG way; the beauty of
compound interest.
#CreditChat
Wednesdays | 3 p.m. ETKelby
@TheFRUGALennial

37. Pay yourself first. If it’s
gone right when you
get your check, you
won’t miss it.
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa

38. Saving for retirement can be easy the
earlier you start. Start saving now.
#CreditChat
Wednesdays | 3 p.m. ETMore Than Wheels
@MoreThanWheels

39. #CreditChat
Wednesdays | 3 p.m. ET
What goals should millennials set to help them
financially successful?

40. Your goals are yours to make.
Common millennial goals = paying off
loans, cash reserve, wedding/ring,
house, family, etc.
#CreditChat
Wednesdays | 3 p.m. ETDouglas A. Boneparth
@dougboneparth

41. $100 per month from 25-65 yields you
approximately $1.7 million in growth
stock mutual funds. Start there.
#CreditChat
Wednesdays | 3 p.m. ET
Debbi King
@DebbiKing

42. #CreditChat
Wednesdays | 3 p.m. ETKelby
@TheFRUGALennial
Avoid the temptation of what you see on
social media. Budget, live within your
means, and stay the course.

43. Minimize debt, maximize savings.
#CreditChat
Wednesdays | 3 p.m. ET
Leslie H. Tayne, Esq
@LeslieHTayneEsq

44. Pay off debt, have a great credit
score, have an emergency fund,
invest, and be able to have fun and
enjoy the ride!
#CreditChat
Wednesdays | 3 p.m. ETCary Carbonaro, CFP
@CaryCarbonaro

45. #CreditChat
Wednesdays | 3 p.m. ET
Where can millennials go to learn more about
money and finances?

46. The Internet is a good place to start!
So are local credit unions and banks.
#CreditChat
Wednesdays | 3 p.m. ETKasasa
@Kasasa

47. Millennials can learn about finances
from blogs, books, courses, and more.“
#CreditChat
Wednesdays | 3 p.m. ET
More Than Wheels
@MoreThanWheels
”
Millennials can learn about
finances from blogs, books,
courses, and more.
#CreditChat
Wednesdays | 3 p.m. ET
More Than Wheels
@MoreThanWheels

48. A good financial planner is a great first
step to help you understand the many
options available to you.
#CreditChat
Wednesdays | 3 p.m. ET
Brad Sherman
@shermanwealth

49. Talk to your parents and successful
peers - experience is the best teacher,
learn from it!
#CreditChat
Wednesdays | 3 p.m. ETCompare Cards
@CompareCards

50. Best ways are to speak with a
financial planner. Money Magazine
and Kiplinger are great resources.
#CreditChat
Wednesdays | 3 p.m. ETCARE
@care4yourfuture

51. #CreditChat
Wednesdays | 3 p.m. ET
What’s your number one financial tip for
millennials?

52. A budget gives you the control to tell
your money where to go instead of
wondering where it went.
#CreditChat
Wednesdays | 3 p.m. ETJoe Koss
@AlohaDebtFree

53. Number one tip: Do your research!
Education is an investment in yourself.“
#CreditChat
Wednesdays | 3 p.m. ET
Vouch
@vouch
”
Number one tip: Do your
research! Education is an
investment in yourself.
#CreditChat
Wednesdays | 3 p.m. ET
Vouch
@vouch

54. Save money in as many ways as you
can know. Live below your means so
you can live more richly in the
future.
#CreditChat
Wednesdays | 3 p.m. ET
CARE
@care4yourfuture

55. Don’t panic. Most of us started off in
the same position as you. Getting
financially fit takes patience, time, and
knowledge.
#CreditChat
Wednesdays | 3 p.m. ETLeslie H. Tayne, Esq
@LeslieHTayneEsq

56. It’s never too early to save for
retirement! Put at least enough in
your 401k to get the employer
match - it’s free money.
#CreditChat
Wednesdays | 3 p.m. ETStarting Out Kiplinger
@SOKiplinger

57. Subscribe & Check Out: