Essential Financial Literacy Concepts for Adults in 2026

RBFCU has partnered with GreenPath Financial Wellness to offer monetary therapy, education, and financial obligation management services. A GreenPath therapist will describe those expenses to you if you choose to use those services beyond your initial credit therapy session.

GreenPath does ask you for approval to share information with RBFCU. If you say "no," your name is kept confidential. If you begin a debt management program, GreenPath will get your consent before it proposes payment plans to your creditors.

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Finding Free Credit Counseling Near Me in 2026

More older adults are carrying debt into retirement today than ever previously. Nearly 65% of Americans age 65 to 74 had debt in 2022, compared to about half of elders age 75 and older. For contrast: In 1989, less than half of the population age 65 to 74and just 21% of older grownups age 75+had financial obligation.

These services are normally provided by a nonprofit company and are free of charge. Your monetary therapist, who is usually a certified financial organizer, will look at your assets and liabilities and consider your earnings, cost savings, credit, and debt. They will create a budget and action plan as well as a financial obligation management strategy, if it's relevant to your needsall designed to assist you accomplish your goals within a specific timeframe.

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A financial obligation management plan is a 3- to five-year repayment program that enables you to condense several of your credit card balances into a single month-to-month payment. The goal of this plan is to help you satisfy your financial responsibilities by entirely paying off your impressive charge card debt. Debt management strategies often allow significantly lower interest and creditor charges.

Success rates differ by counseling organization; you can search for reviews online. Your credit ratings will normally enhance as your debts are paid on time every month. When you're looking for a monetary counselor, it is necessary to be selective. There are unscrupulous gamers out there seeking to scam people out of their hard-earned moneyand older adults are a common target.

If there are any expenses involved, ask for this information in advance. You can search for qualified credit and financial therapists online utilizing the National Foundation for Credit Therapy (NFCC) and Financial Counseling Association of America (FCAA) sites. Referrals from close friends and family can be another good method to discover a therapist you can trust.