Frequently Asked Questions

Financial literacy is essential because it gives individuals and families the knowledge and confidence to make smart, informed decisions about their money. In today’s fast-paced economy—with rising living costs, complex financial products, and unexpected life events—understanding how to budget, save, manage debt, and plan for the future is more important than ever. Financial literacy helps people avoid costly mistakes, reduce stress, and build a stable foundation for themselves and future generations. It’s not just about dollars and cents—it’s about creating freedom, security, and opportunity.

Yes, financial literacy can greatly help families. It gives them the knowledge and confidence to make informed money decisions, such as budgeting, saving, using credit wisely, and planning for the future. With strong financial skills, families are better prepared for emergencies, less likely to fall into debt, and more able to reach their goals, like buying a home, paying for education, or retiring comfortably.

Financial literacy strengthens the whole family, promotes stability, and helps create opportunities that can last for generations.

 A: A budget is a plan for how you spend and save money. It helps you track your income, control expenses, and set goals—like saving or paying off debt—so you can stay on top of your finances and plan for the future.

 When handling a parent's or someone else's finances, it's super important to set up the proper legal documents to protect their estate and share their wishes for the future. Generational wealth is about passing down money, assets, and properties from generation to generation. This can include savings, real estate, investments, and family businesses. This wealth seriously boosts future generations, helping them afford education, buy homes, or start businesses without drowning in debt. Building generational wealth depends on thoughtful financial planning, good saving and investing habits, and a long-term vision for the family. Plus, it helps pass on financial knowledge and values, so each generation can keep building on what came before. Our economic team is here if you need more help after the workshop!

At PEC Finances, we help families take simple, powerful steps to plan. Start by understanding your income and expenses, setting clear financial goals, and creating a budget that works for you. Build an emergency fund, reduce debt, and adjust your plan as life changes. With the right tools and support, you can take control of your money and create a more secure, confident future for you and your family.

 A: Knowing the right plan to protect and control your assets comes down to a few key steps:

1. Understand Your Assets

2. Identify Your Goals

3. Choose the Right Tools

4. Work with a Team of Professionals

5. Keep It Updated

The right plan gives you peace of mind, control, and security—now and for the future.

If you’d like, I can help draft a basic checklist or questions to bring to an advisor.

Yes! Everyone can benefit from financial education. Financial education can help you make your best financial decisions at any income level.

We will work on both. PEC Finances works with groups of all sizes to educate people about financial topics. However, we will connect you with individual consultants for one on one advising, depending on your needs.

Yes, we work with people of all socioeconomic groups. We are a diverse group of professionals, which enables us to work with everyone.

PEC Finances can help you set a budget to save for your downpayment and explore challenges facing homebuyers and homeowners. Amidst today's fluctuating market, many potential homeowners need assistance understanding the timeline and building confidence in their finances. We will connect you with the resources that will provide the best options to qualify as a first-time buyer or purchase your dream home.

Yes, PEC Finances can help you build a budget to determine how much you can afford to pay monthly, save for your downpayment and explore challenges facing certified used and new vehicles.

Yes, when it becomes necessary to handle parents’ or someone’s financial affairs, it is essential to have the legal documents in place to protect their estate and clarify their wishes for when the time comes. Our life skills workshop covers many topics to prepare you for watching and transferring assets. Following the workshop, we have a team of financial professionals to assist you.