Will Multiple Credit Cards Hurt Your Credit Score?
Your credit score won’t go down just for having multiple credit cards. It all depends on how many you have and how you use them. Credit card debt is on your credit report as revolving debt. Revolving debt means the balance can be carried over from month to month. Important factors in evaluating revolving debt are the age of the account, payment timeliness, and utilization rate. Additionally,...
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Why You Should Always Claim Your Share of a Settlement
You should always submit your claim in a settlement if you’re eligible. The earnest reason is something terrible happened with your information and this is your repayment. The simple reason is free money. The Equifax settlement from the 2017 data breach is worth at least $575,000,000. After penalties, this leaves a sum of $425,000,000 to be split among those affected.
Settlement Claim Success
An...
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How to Track Your Net Worth
When it comes to gauging your wealth, the best indicator is your net worth. Imagine if your budget is your arrow, then your net worth is your moving target. Your budget is particular to your day to day life. You can track your net worth to see where you stand over time for all of your accounts.
What is Net Worth?
Whenever you hear about celebrities’ wealth in the news, the reports usually are...
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Budget Management: How to Stick to Your Budget
Now that you’ve determined which budget might work, you have to learn how to stick to it. Using the budget and being steady is the only way it will work. Unfortunately, consistency is the hardest part of budgeting. The number of families with a budget has declined since last year. Here are a few ways to maintain the habit and make budgeting easier.
Be Realistic
When budgeting, make sure you...
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Fact Check Finance: Skipping Your Morning Coffee Will Make You a Millionaire
Will skipping your morning coffee make you a millionaire? Personal finance pundits love to tell people to give up what they love to become millionaires. One of the more popular soapbox sermons says that you are throwing money away on a daily cup of joe. If you saved it instead, it would make all the difference in your future.
How to be a Millionaire
Before I give my thoughts, let’s dissect the...
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