ACCC Offers Important Financial Resolution Tips for Millennials

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American Consumer Credit Counseling provides Millennials with ten financial resolutions to kick off 2018

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By setting goals and making plans to achieve those goals, Millennials can move towards a healthier financial life in 2018.

The New Year is a perfect time for Millennials to take a step back and review their current finances and consider goals for 2018. It’s essential for Millennials to create a plan and utilize their resolutions to improve their financial well-being. To help with the process, American Consumer Credit Counseling offers Millennials important financial resolutions for 2018.

“With the New Year brings a renewed opportunity to commit to financial resolutions that take into account the challenges or successes of the past year,” said Steve Trumble, President, and CEO of American Consumer Credit Counseling, based in Newton, MA. “By setting goals and making plans to achieve those goals, Millennials can move towards a healthier financial life in 2018.”

According to CIT Bank’s recent Harris poll, 67 percent of Millennials plan to include savings as one of their main financial goals for the New Year. Sixty-one percent of Millennials want to prioritize saving for emergencies. The poll also found that 41 percent of Millennials say they want to look for lower interest rates on loans as one of their top financial goals.

American Consumer Credit Counseling offers Millennials important financial resolutions for 2018.

1.    Organize your finances and see what areas are in need of improvements.
2.    Identify a financial goal you’d like to achieve in 2018.
3.    Set a budget for 2018.
4.    Create and contribute to a retirement account, such as a 401(k).
5.    Start an emergency fund for unexpected expenses, such as medical or car issues.
6.    Learn how to read your credit report and continue to check it for wrong information.
7.    Set up a savings account.
8.    Start auto-paying by depositing a portion of each paycheck into a savings account.
9.    Pay off your credit card bill in full each month.
10.    Pay off your loans one by one, starting with the debt that has the highest interest rate first.

ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:

  •     For credit counseling and student loan counseling, call 800-769-3571
  •     For bankruptcy counseling, call 866-826-6924
  •     For housing counseling, call 866-826-7180
  •     Or visit us online at http://www.ConsumerCredit.com

About American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management through credit counseling, debt management, bankruptcy counseling, housing counseling, student loan counseling and financial education concerning debt solutions. To help consumers reach their goal of debt relief, ACCC provides a range of free consumer personal finance resources on a variety of topics including budgeting, credit and debt management, student loan assistance, youth and money, homeownership, identity theft, senior living, and retirement. Consumers can use ACCC’s worksheets, videos, calculators, and blog articles to make the best possible decisions regarding their financial future. ACCC holds an A+ rating with the Better Business Bureau and is a member of the National Foundation for Credit Counseling® (NFCC®). For more information or to access free financial education resources, log on to ConsumerCredit.com or visit http://www.consumercredit.com/financial-education.aspx

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Marissa Sullivan
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