BATON ROUGE, LA – April is Financial Literacy Month, and Attorney General Jeff Landry is offering tips on how Louisiana consumers may establish healthy habits while managing their finances.
“Financial planning is something that people of all ages should take seriously,” said General Landry. “My office is happy to offer tips to consumers on how to better protect their personal information and better plan for their financial futures.”
With many consumers interested in saving for a special purchase like a new home or car, a college education, retirement, or an emergency financial fund – General Landry is offering the following tips to assist consumers in their efforts:
- Create a budget in order to keep track of how much money is coming in and going out and where it is being spent.
- Consider using a payroll savings plan that automatically deposits a certain amount of money into your account every payday.
- Pay off as much as you can on your credit card each month. Only paying the bare minimum amount can negatively impact your credit.
- Do not share your personal information without knowing whom it is going to. Maintain proper security on electronic devices that have your personal information stored.
- Ensure your information is accurate and up to date on annualcreditreport.com before making a large purchase such as a mortgage or a loan, applying for a job, or buying insurance. If you find errors, dispute them and get the information corrected immediately.
- Compare prices for home loans and mortgages before purchasing them.
For more tips on how to protect your finances, families, and identity – visit www.agjefflandry.com or call General Landry’s Consumer Protection Hotline at 800-351-4889.