How do I establish credit?

Recipe: 1 Establish credit if you haven’t done so already. 2 Understand how financial institutions are connected to having and using credit. 3 Get to know the different types of financial institution services that can help you manage your money. 4 Become familiar with financial institution fees. 5 Ask the right questions when you’re looking to open an account at a financial institution. 6 Know how to use a credit card as a way to build good credit.

INGREDIENTS FOR SUCCESS: • Paying all your bills on time, every month. • Reading your financial goals every day. • Keeping your list of sources for emergency funds handy as a reminder to build one or add to it. • Understanding how financial institutions can help you manage your money. • Knowing the costs of using banking services. • Keeping your worksheets organized and in a safe place.