DUBLIN, Ohio (1/7/08)--Ohio's credit unions and the Ohio Credit Union League are offering five financial resolutions to consumers for 2008. "Reviewing your finances and looking at ways to improve your financial stability should be at least an every year occurrence," said Paul Mercer, league president, in a press release. He advised consumers to take their time reviewing their financial goals "both long and short-term. Credit unions are here to serve you, and they offer financial counseling, budgeting, financial education and numerous other services and programs to help you achieve your financial goals," he added. Among the resolutions offered:
* Pay off a credit card. * Have a monthly budget and stick to it. * Know your credit score so you know what you can afford. * Review your mortgage and refinance your home if you have adjustable rates. * Save each week or month and talk to a credit union about saving for both short-term and long-term.
A recent Experian/Gallup poll indicates that most U.S. adults will begin the year planning to attack their debt burden and about half plan to check their credit scores and cut back on entertainment expenses (LoneStar Leaguer
Jan. 4). However, other personal finance goals such as consolidating loans and managing credit cards aren't on the to-do list for 2008.