Financial Workshop | Saving Plan and Managing Debt

The City of Huntington Beach held a financial workshop on March 22, 2026, focused on savings plans and managing debt. Representatives from the Huntington Beach Credit Union discussed the benefits of saving money, different types of savings accounts including high-yield options, and strategies for building emergency funds. The workshop also covered debt management techniques such as prioritizing high-interest debts, debt consolidation, and the psychological aspects of debt repayment. Participants were advised on the importance of maintaining credit cards open to preserve credit scores and cautioned about high-cost payday loans. Resources for financial coaching, credit counseling, and debt settlement services were highlighted, along with guidance on dealing with debt collectors and understanding the implications of unpaid debts. No specific procurement, contracting, or budget decisions were discussed during this session.