Understanding Credit and Debt

Credit and debt are two of the most universally experienced parts of financial life, and often two of the most misunderstood. Whether you’re building your credit score for the first time, navigating student loans, or simply trying to use the tools available to you more intentionally, the details matter more than most people realize. Two members of the YeskeBuie team, Sydney Woodward, CFP^® and Will Tracy, CFP^®, sat down to make this topic feel a little more approachable.

Watch their presentation below for a thoughtful discussion about:

• What credit and debt actually are and how they work together
• The types of credit and which are most commonly misused
• How your credit score is calculated and what moves the needle most
• The difference between helpful and harmful debt
• Practical strategies for paying down debt, including the snowball and avalanche methods

Sydney and Will also share the financial planning policies YeskeBuie uses with young working adults to help build smart credit habits from the start. To continue the conversation or talk through what any of this means for your specific plan, please connect with us!