Texas Financial Literacy – How Do You Rate?

Recent Study Gives Texans A Failing Grade On Money Matters.

Texans scored a C, D or F on 49 of the 71 factors that went in to assigning the grade for the state’s financial literacy.

The average Vantage Credit Score in Texas is only 655, compared to a national average of 666.

Only 73 percent of Texans pay their bills on time, and only 40 percent have prime credit. In both cases, Texans scored well behind national averages.

When it comes to credit cards, only half pay their bill in full, about 35 percent make only minimum payments and the average credit card balance is more than 10 percent of annual household income.

In category after category, Texans scored below national averages.

But the real problem is in retirement investing, where we scored an F.

Do you have questions about credit?    Call Us – We Can Help!

Bill Spragg at 281 804 3333 or BSpragg@LcaNow.com

or 

Harry Bradley 713 419 7151 or HBradley@LcaNow.com

Experian Holiday Spending Survival Guide

Find The Holiday Harmony Within

It’s no wonder that the holidays are known as the season of light – something that can be hard to hold onto in the frenzy of the last days of the year. But make sure you aren’t sacrificing precious time with loved ones and family because of an arbitrary list of tasks that might include icing an army of gingerbread men and/or creating a larger-than-life North Pole landscape, on your front lawn. If your hosting a holiday party, plan for your cost without feeling obligated to go overboard. Sticking to your budget can feel great – at least better than entering the New Year under a mountain of last minute debt.

The holidays are here. Make sure you can keep your budget (and your goals of maintaining your sanity – financial and otherwise) on track to keep things merry and bright.

Do You Have Questions About Credit?       Call Us!

Bill Spragg at 281 804 3333 or BSpragg@LcaNow.com

or

Harry Bradley at 713 419 7151 or HBradley@LcaNow.com