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Success Online Financial Education Newsletter


Money Management International Improving Lives Through Financial Education
SUCCESS NewsletterJanuary 3 newsletter
Are balance transfers a good idea?  

The bad news about balance transfers

By Jesse Campbell, Copywriter

Some things sound great on paper and end up being just as great in real life, like bacon-wrapped shrimp and blankets with sleeves.

Other things, however, may sound great in theory, but simply don’t work the way you thought they would, like Crystal Pepsi or a theme park filled with real dinosaurs.

Debt consolidation sounds like a sure winner on paper, but every variety of consolidation carries certain risks. And balance transfers are the Jurassic Park of financial solutions — if everything goes just right, they can be a great way to save money and pay down debt quickly.

...but how often does everything go just right? 

(Cue the Velociraptors!) 

Continue reading

Are you stuck in a toxic relationship?

Break up with debt

You deserve better.

If you're ready to kick debt to the curb, learn how MMI can help you break free so you can begin building a healthy relationship with your finances. 

Have you already made the decision to break up with Debt? 


We'd love to hear your breakup story!

What was the final straw? What advice would you give others facing the same struggle? How has your attitude toward finances changed? 

Submit your triumphant tale to, and it could be featured in an upcoming series on Blogging for Change!  

Financial Education learn more

Sharpen Your Financial Skills with Online Courses

The goal of our highly trained professionals is to arm you with the knowledge necessary to take control of your financial situation. Our online seminars stress the development of skills that can assure long-term success. Take the first step toward financial wellness by enrolling in a Web seminar today!

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In-Person Workshops Are Also Available In The Following Areas:

Alaska | Arizona | California | Connecticut | Colorado | Idaho | Illinois | Louisiana | Maine | Massachusetts | Mississippi | New Jersey | New Mexico | New York | Oregon | Pennsylvania | Rhode Island | Texas - Fort Worth Area | Texas - Houston Area | Virginia | Greater Washington D.C. | Washington State

View upcoming financial education workshops


About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit counseling agency, providing confidential financial guidance, financial education, counseling, and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan, and repay debts. Counseling is available by appointment in branch offices and 24 hours a day, 7 days a week by telephone and Internet. Services are available in English or Spanish. To learn more, call
866.530.9869 or visit

Four lessons to raise money smart teens

According to MMI's Kids and Money survey, parents were almost evenly split when asked whether they let their children have control over the money they receive (from allowance, gifts, etc.).

While it's important for parents to set boundaries and expectation for how teens are to spend their money, it is also important to empower teens to make wise financial choices on their own. Following are four ideas for raising teens that are financially independent and successful.

  1. Wants and needs – there is a difference. Your teen may make a very convincing argument for why they think they need a brand new convertible when they first get their license, but you know better. A new car is a want, not a need. Our financial auto calculators may illuminate the financial ramifications of a need purchase versus a want purchase
  2. Life comes with a BIG price tag. Help teens learn how to make smart purchase decisions and work with a budget. For example, give them the freedom to pick their own clothes when back-to-school shopping, but set a limit on how much they can spend. This allows teens to express themselves through their fashion choices, while also encouraging them to live within their means.
  3. Problem solving. Ever heard someone diminish a teen’s problem with the phrase, “Well, in the real world…”? Don’t let that person be you! Sure, teenage problems may seem juvenile and petty at times, but they are still real problems to the teen involved. Give teens the opportunity to resolve problems on their own before you jump in with a solution, this will increase their confidence that they can weather any storm (including financial) and come out okay.
  4. Teach them to be responsible for their actions. The teen years are not about making all the right choices, rather, the teen years are about realizing that all actions, whether good or bad, have consequences. If your teen makes an error in judgment that results in a speeding ticket, for example, let them pay the consequences, whether by paying the fine or taking a defensive driving course.  

MMI Debt Management Plan Client Corner
Tips for Success

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Update your account balances online. When you receive your creditor statements, update your balances by visiting your MMI account .

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