Today on Focus, host Jim Meadows talks with Kathy Sweedler, who teaches about personal finance for the University of Illinois Extension, about credit and how to manage it. We welcome your calls and questions!
The University of Illinois’ credit rating was downgraded this week raising lots of questions about the fiscal future and financial health of the university. Even though credit ratings for businesses and organizations operates much differently than credit scores do for the individual, many can relate to a being scored as a higher-risk borrower as we start recovering from the recession.
This hour on Focus, we’ll talk with Kevin Waspi and Kathy Sweedler about credit scores, credit reports, the difference between the two, how to gauge your credit health and how to rebuild it if the outlook isn’t what you want it to be. We’ll also talk about the different kinds of credit cards, how to check your credit score, and what sorts of things count for and against you. And we’ll of course welcome your questions whether you are just starting out and looking for advice on investing, thinking about buying a home or planning for retirement.
*Kevin Waspi was unable to make it due to a last minute conflict. He'll be back with us for Personal Finance Day next month.
This hour on Focus, we’ll talk about the best ways to track your spending and how doing so can help you meet your financial goals. Personal finance expert Kevin Waspi and certified financial planner Jake Kuebler will be here to talk with us about the best ways to keep track of where your money is going, whether you want to do it the old-fashioned way with pen and paper or if you want to do it electronically using online banking tools and apps. We also welcome your questions whether you are just starting out and looking for advice on investing, thinking about buying a home or planning for retirement.
With more and more Americans falling into debt and feeling stress that comes with failing finances, the Federal Reserve bank in Chicago created the Money Smart Week program in 2002 to promote financial literacy and offer chances for consumers of any income level to learn how to better manage their money. Through collaboration with several banks and non-profit organizations, there are “Money Smart Week” events taking place through the end of next week across the state. This hour on Focus, guest host Kimberlie Kranich talks with Karen Chan, Illinois Chair of the Money Smart Week program. Chan has nearly two decades of experience teaching about personal finance. We’ll talk with her about the courses being offered in and around Champaign and ask her about how to manage your credit, how to get out of debt and how to plan for retirement.
Kevin Waspi, certified financial advisor and lecturer at the University of Illinois College of Business, also joins the show. As he does on the third Friday of every month, he’ll be here to answer your calls and questions whether you’re just starting out and looking for advice on investing, or thinking about buying a home or sending your children to college.