Improve Your Credit Score Now

It is so easy to rack up the credit cards during the summer while you’re out on the restaurant patio enjoying a craft beer or gear food.  It can be easy to be careless during the summer when money does not seem as real when using a card, and you feel you can pick up the tab on dinner or shots.  Just because it is summer does not mean you should go on a spending spree.  With a little discipline you can get your credit score on track now.

Review Your Credit Report

You may just assume that your report is fine but you need to check it often, and with the offer of receiving a copy of your credit report free of charge at least once a year from any of the three major credit bureaus, why not take advantage.  The actual score will cost you extra, but with most credit card companies revealing your score online at each statement, you can see the increase/decrease at least once a month.

Report Any Errors

If there are any outstanding errors they will not fix by it so it is important to review your score often and report any errors as you see.  Keep in mind that credit reporting is a month behind so if you know you have updated an account within the past month, you will need to wait until next month to see the progress.  It will not be corrected on its own so it is up to you to review and make any corrections as needed.

Start to Pay Down Balances

Once of the largest factors in your credit score has to do with the total balance compared to the total balance, so start to pay down the highest balances first, so you can increase your credit availability and increase your credit score.  If you have not stopped charging on the accounts then this is the opportune time as you do not want to sink yourself deeper into debt that will take years to climb out of.

Typically, the largest amount of debt on your report is mortgage related. The first question you want to keep in mind, how long does a foreclosure stay on your credit report? The answer, far too long! This can impede your ability to credit for many years to come, so make sure that your mortgage and/or student loans are very first payments you make each month.

No Late Payments!

In order to prove to lenders that you are a responsible borrower you need to ensure that you are making on-time payments to every lender that you are required to.  Although you may receive a grace period for some, for the majority as long as you are thirty days late it will be an impact to credit that will take years to remove.

Three Money Mistakes Made by Millenials

Each generation wants to be more successful than the last, whether that is making more money, having enough to retire, or a home to be proud of, but it does not see like we are headed in that direction.  Whether you are just entering the workforce now, need to make adjustments to your spending habits, or looking for advice to pass down to your children, it is never too early to prepare for your financial future.  By avoiding some of the worst money mistakes you can make, you will be setting yourself above most, as I wish that I …

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Increasing Your Job Satisfaction as an Educational Professional

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You’re fresh-faced after enjoying a well-earned summer break, and ready to start the teaching year with a bang. But with the general consensus over teacher’s working lives being resoundingly negative, maintaining that positive attitude over the coming months could be a struggle.

In March the Guardian published the results of their teacher survey, and it wasn’t a pretty picture.

With 60-hour weeks being common practise, an unhealthy work-life balance was one of the biggest complaints. Concerns over undue pressure on head teachers and increasing workloads are also damaging career progression.

The most concerning result was the record number of respondents …

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Filing Your Taxes is Easier Than You Think

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Filing your taxes is an inevitable annual process, and for many people, it hangs over their heads until tax season is over. Even though many methods are available to aid in this process, tax season has gotten a bad reputation as a time when you have to spend money with an expensive accounting firm to find out how much more of that hard-earned money to give up to the government. Or you might figure you’ll waste your refund money on frivolous things. As it turns out, many of the negative stereotypes associated with tax season are simply myths.

Filing your …

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5 Ways to Build Financial Security

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Recent research shows that nearly 47 percent of Americans don’t have access to $400 to pay for emergency situations like car repairs and medical treatments. This concerning statistic should convince everyone to pay more attention to financial security. Of course, people can only become more financially secure when they know how to reach that goal.

If you’re living from paycheck to paycheck, use these five strategies to build financial security.

Find a Budget That Matches Your Income

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Image via Flickr by bradipo

Setting a budget used to take a lot of time and energy. Luckily, today’s technology makes doing so …

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Four Items Americans Overspend on the Most

If there is ever chatter about how Americans are racking up the credit card debt or not having much in savings, it is probably true, as they love to spend.  There are four areas that get extra spending attention that could probably be scaled back a bit.

Weddings

The cost of weddings continue to rise to give, whether it is having a little extra money to spend as the economy has recovered, or that a huge dream wedding is in order, Americans are spending over an average of $26,000 for one night of bliss.  Those brides must be watching “Say …

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Five Easy Habits to Pick Up to Curb Monthly Spending

Having a budget is a sure way of holding yourself accountable for monthly spending, but if you need a little extra boost, here are five easy ways you can start changing spending right now.

Put Away the Credit Cards

Sure it is easier said than done, but you cannot get ahead and start saving until the charging spree is over.  Keep the credit cards in your wallet or purse and do not use.   It should be kept on you for emergencies, so put all other cards in a safe play at home, away from sight so they will not …

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A Good Financial Check-Up Can Save You Thousands

This is a guest post from Pauline of InvestmentZen.com

I know so many people who consider themselves frugal, because they don’t spend a lot of money on daily items, such as food or leisure. While that is great, I often notice that these same people just leave their money sitting there on their savings accounts, earning them less than 1% per annum, instead of investing. Now, that’s plain depressing. You work so hard to save a few dollars here and there, and you don’t put the work to grow your savings!

The first thing that shocks me about these …

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Five Ways You Could be Hurting Your Credit Score

Having a great credit score is the best way to take advantage of the lowest rates and purchasing benefits that are out there so if your credit score is not in good shape it could be costing you hundreds of dollars each month in interest.  We know that late payments are a huge factor, but take a look at a few other ways your credit score could be negatively affected.

Balance is Too High

A large factor of your credit score is the debt balance compared to the available credit, so the smaller that window is, the more your score …

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Five Items that We Pay for but Do Not Need

One of the best ways to take control of your finances is to remove unnecessary spending, and what better way to take it a step further on items you think could not be a big deal but should be tweaked.  Take a look at five items that we spend money on that could easily be avoided.

Bottled Water

We already pay for water (or if you live in the city of Detroit and you do not pay, you still get for free without a shut off, but that is a separate issue), so why double pay just to get …

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