Hawaii Personal Debt is Improving
Despite some hard economic times across the Aloha State, an article in today's Providence Business News is suggesting that auto loan delinquencies are currently way down in Hawaii. The article says that "the sharpest improvements compared with the fourth quarter were seen in Hawaii, where delinquencies fell 41.7 percent to 0.60 percent of all auto loans..."So I guess we're all good in Hawaii now? Maybe things are improving, but I know a number of families are really hurting with the high price of gasoline and everything else.
I ran across a neat little website today that gives you a score on various parts of your financial life (credit, debt, budget, wealth, and life plan). I gave it a go and got a 90% which is not bad for a college girl in my opinion. I think the reason I did well on this test is because I only have two credit cards and they're both at around 10% utilization. When I was a freshman, I overused my cards and had to consolidate my debt - working real hard to pay it off quickly. Since then, I have been real careful to live within my means - even started an IRA to shelter some of my internet income.
Aloha ~
Ali
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