Financial Literacy Month: Budgeting and Saving 101

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on X (formerly Twitter) and all are welcome to participate. DM us any questions.

Dive into Financial Literacy this April! 💰 Join us every Wednesday at 3 p.m. ET for #CreditChat as we explore different aspects of financial literacy during Financial Literacy Month. This week’s chat highlights the importance of budgeting and saving.

Topic:Financial Literacy Month: Budgeting and Saving 101

When: Wednesday, April 10, 2024 at 3 p.m. ET.

Where: Join the live hashtag discussion

The panel will include: Ilyce Glink: Real Estate and Financial Wellness expert, author, speaker, entrepreneur and founder of ThinkGlink.com; Kembala Evans: Financial Coach, author, speaker and founder of Kembala.com; Erika Giovanetti: Loans Expert and Reporter for U.S. News; Laura LaTourette, CFP®: Founder of Family Wealth Management Group; Uziel Gomez, CFP®, AFC®; Fernell Hogan: Founder of HereforGoodTX.com; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Jennifer White: Consumer Education and Advocacy Team, and Christina Roman: Consumer Education and Advocacy Manager at Experian.

Gift Card Giveaway

Enter here for a chance to win a $50 Amazon gift card!We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET.Complete rules here.

Questions we will discuss:

1. Why is it important to establish a budget and how can it help you save?
2. What are the key components of a budget?
3. What are some mental barriers that keep people from being able to establish and stick to a budget, and what are some tips to overcome those barriers?
4. How can you identify money management methods or tracking tools that can help you stick to your budget?
5. When establishing a budget for a major purchase or financial obligation, how do you determine what you can afford based on your income and other assets?
6. How can one differentiate between needs and wants when creating a budget for effective financial management?
7. How do items in your budget change as you age?
8. What are some common budgeting mistakes people make, and how can they be avoided?
9. What are some strategies for negotiating better deals or discounts to stretch your budget further?
10. What is the best budgeting or savings tip you have ever received?

Check out our complete list ofupcoming personal finance Twitter chats here.