How to Form a Financial Plan

In honor of Hispanic Heritage Month, we hosted a #CreditChat to focus on financial planning for the Hispanic/Latinx community.

The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Christina Roman: Consumer Education and Advocacy Manager at Experian; Forbes Advisor; Amanda Arizola: Community Advocate for Healthcare, Financial Stability and Latino Literacy; Xavier: Personal Finance Blogger; Chris Taylor: Award-winning personal finance journalist; Kiplinger; Beverly HarzogCredit Card Expert and Consumer Finance Analyst for U.S. News; Janet Alvarez: Award-winning financial journalist and money expert; Take Charge AmericaLawrence D. Sprung: CFP® President of Mitlin Financial, Inc; Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Mike Periu: Angel investor and advisor, NerdWallet; Jannese Torres-Rodriguez: Creator and host of the Yo Quiero Dinero podcast; and Patrina Dixon: Certified Financial Educator.

Questions We Discussed:

Q1: When should you start financial planning, and why is it important?
Q2: What does financial planning entail?
Q3: What is the difference between financial planning and budgeting?
Q4: How do you manage debt in your financial plan?
Q5: How can a financial plan save you money?
Q6: What is an IRA, and how can you get started?
Q7: What are some tips for organizing your bill-paying process?
Q8: How do you check your credit score and improve it?
Q9: What are some tips for staying disciplined and committed to your financial plan?
Q10: Any final tips for creating a financial plan?

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