With good money management skills being crucial for financial success and a good credit score, the personal-finance website WalletHub today released its report on the Cities Where People Have the Best Money Management Skills in 2024, with Chevy Chase making it on the list at #5.
According to the report, Chevy Chase residents have a median credit score of 772, a credit card debt to income ratio of 2.37%, mortgage debt to income ratio of 251.37%, car loan debt to income ratio of 8.08%, and student loan debt to income ratio of 13.38%.
In order to determine where Americans are best at handling their finances, WalletHub compared more than 2,500 cities based on 10 key indicators of money-management skills. The data set ranges from the median credit score to the average number of late payments to the mortgage debt-to-income ratio.
| Cities with Best Money-Management Skills | Cities with Worst Money-Management Skills |
| 1. Cupertino, CA | 2538. Greenwood, MS |
| 2. Los Altos, CA | 2539. Hampton, GA |
| 3. Lexington, MA | 2540. Davenport, FL |
| 4. Palo Alto, CA | 2541. Covington, GA |
| 5. Chevy Chase, MD | 2542. Maple Heights, OH |
| 6. Sunnyvale, CA | 2543. Locust Grove, GA |
| 7. Saratoga, CA | 2544. Ruston, LA |
| 8. Scarsdale, NY | 2545. Jonesboro, GA |
| 9. McLean, VA | 2546. Leesville, LA |
| 10. Mountain View, CA | 2547. Canton, MS |
Emergency Savings Survey
- Hidden danger of inflation: 35% of Americans say inflation makes it harder to save for emergencies.
- Unprepared for emergencies: 44% of people are not confident they can cover an unexpected expense.
- Dipping into the cookie jar: 3 in 5 Americans say inflation has caused them to dip into their emergency savings to cover day-to-day expenses.
- Financial priorities: 2 in 5 Americans say paying off debt is their top financial goal, prioritizing it over things like building an emergency fund and contributing to their retirement savings.
- Broke & bailed out: Nearly 1 in 3 people expect someone else to bail them out if they run out of money.
- No savings to save the day: More than 2 in 5 Americans don’t have the financial means to come up with $5,000 in a day to save a loved one’s life.
To view the full survey, please visit:
https://wallethub.com/blog/emergency-savings-survey/133932
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FREE Shred Day
Join us at Lafayette Federal Credit Union for a Free Community Shred Day, an event dedicated to helping you protect your privacy and the environment! Bring your old bank statements, bills, medical records, and any other paper documents that need secure disposal, and we'll take care of them on the spot.
Why You Should Come:
Protect Your Privacy: Safely shred sensitive documents to help prevent identity theft.
Eco-Friendly: All shredded material will be recycled, supporting our commitment to sustainability.
Complimentary Breakfast: Enjoy a free breakfast on us--start your day right with good food and good company!
Exciting Giveaways & Prizes: Don't miss out on giveaways and be sure to enter our drawing for a chance to win one of four $100 gift cards.
This event is open to all! It's a fantastic opportunity to clean out those old documents cluttering up your home, safe in the knowledge that they will be disposed of securely. Plus, it's completely free!
Don't miss out on this chance to declutter safely, enjoy some free treats, and possibly win a great prize. We look forward to seeing you there, rain or shine!
For more information, contact us at www.lfcu.events/shred.
FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
