Financial Plan

I believe that the goals that I am on the way of achieving have been made by the best choices possible. Since enrolling in this Personal Finance class I have been on a mission to ensure that each move that I make financially is a wise one. I knew that this class would push me to make better financial decisions. I have made the effort to cut down on entertainment, gas and food, which were the most expensive items on my budget. I have since chosen more economical ways of keeping myself entertained. I have made a choice to do away with my cable and take advantage of Netflix and Redbox since they are much more inexpensive. I have gone from spending $100 a week on groceries to only $40 a week. With the rising gas prices I only go to work and home and try to abstain from excessive and irrelevant driving. These small sacrifices have made an extreme difference in just a short period of time. I know that these changes are for the best and in the long run I will appreciate them more in the future than I did in the beginning.

I am sure that there may be some other changes that could assist me in my goals. At this moment I have to sacrifice a little bit at a time. I am sure that in the future I may be able to trade off something else in order to reach bigger goals. Until then, I consider the efforts that I have made to be better than some.

I recently requested and received a copy of my credit report. After reviewing my credit report I did not find any discrepancies and there was nothing that was out of the ordinary that surprised me. In general I already knew what to expect. At the current time I have done away with all my credit cards just so I won’t abuse my credit privileges. I would say on average that I have fair credit, it’s not the best. In an effort to improve my credit score I can try to pay off delinquent accounts that were created a long time ago. Since doing away with my credit cards to improve my credit I can obtain a secured credit card or a loan to try and...