Greetings and welcome to the website of Xi Alpha Omega, a premier chapter of Alpha Kappa Alpha Sorority, Incorporated. With more than 30 years of service to the Houston community, we are committed to “service to all mankind”. We invite you to browse our calendar of events and pictures showcasing us in service to our community.
TIPS FOR CONTROLLING DEBT
Many people get into serious debt. Here are some tips for controlling debt.
-Develop a budget and stick to it.
-Save money so you’re prepared for unforeseen circumstances. You should have at least three to six months of living expenses stashed in your rainy day savings account, because as the poet Longfellow put it, “Into each life some rain must fall.”
-When faced with a choice of financing a purchase, it may be a better financial decision to choose a less expensive model of the same product and save or invest the difference.
-Pay off credit card balances monthly.
-If you must borrow, learn everything about the loan, including interest rate, fees and penalties for late payments or early repayment.
Building Wealth: A Beginner’s Guide to Securing Your Financial Future – Federal Reserve Bank of Dallas