Comparing Credit Sources and Costs
(Activities for Chapters 3 and 4)
Credit is available from many sources. Becoming aware of the differences among financial institutions related to borrowing costs and other factors while wisely managing your debt will help you avoid financial difficulties.
Short-Term Financial Planning Activities | Comparing Credit Websites |
1. Evaluate your current use of credit cards. Compare various credit card offers related to APR, annual fee, grace period, and other fees.
|  PFP Sheet 07
(44.0K)
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2. Compare various credit sources for loans related to various financial needs.
| PFP Sheet 08
(46.0K)
| Long-Term Financial Planning Activities |
1. Investigate various actions commonly taken to avoid debt problems.
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2. Prepare a spending plan to minimize the use of credit.
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Selecting and Financing Housing
(Activities for Chapters 3 and 6)
Housing represents a major budget expenditure. This area of financial planning requires careful analysis of needs along with a comparison of the costs and benefits of housing alternatives.
Short-Term Financial Planning Activities | Housing Websites |
1. Compare your current housing situation with your housing needs and financial situation.
| PFP Sheet 09
(34.0K)
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2. Conduct an analysis to compare renting and buying of housing.
| PFP Sheet 10
(48.0K)
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3. Compare various rental alternatives as needed.
| PFP Sheet 11
(51.0K)
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4. Determine your housing and mortgage affordability, and compare various sources of mortgages.
| PFP Sheet 12
(45.0K)
PFP Sheet 13
(50.0K)
| Long-Term Financial Planning Activities |
1. Monitor changing interest rates and assess refinancing alternatives.
| PFP Sheet 14
(54.0K)
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2. Develop a plan for assessing housing needs and costs in the future.
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