What You Need To Know About Your Credit Score

What You Need To Know About Your Credit Score

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Earlier this year, I sought pre-approval for a mortgage only to find that I was not eligible for the lowest interest rates. I later found out the reason I was ineligible was because of my credit score. When I tell you, I was shocked! This made me check my credit rating for the first time; so I ordered my credit report (for free, nonetheless). I found that my credit rating was not excellent, or even good, but a “fair” rating…FAIR! I noticed there were some errors on the report, and that an unpaid phone bill had been sent to collections (I blame it on my study abroad year in my third year of university, when I literally had no cares in the world!). So this year, I embarked on a journey to fix my credit score and my credit rating has improved by almost 50 points, to a good rating!…

4 Things I Wish I Was Told About Money As A New Grad

4 Things I Wish I Was Told About Money As A New Grad

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You’ve finally graduated from university! You might be one of the lucky ones that get a job right out of university, or you might not be as lucky. Whatever, the case may be, no one told you that adulting would be this hard. You suddenly have to start paying all these crazy bills, including your student loan (if you have one), and have to start thinking about crazy stuff like getting married … or even having kids. *Shit just got real* There are lots of things I wish I was told about money and adulting when I first graduated. A year after my graduation, and there are 4 things I know now, that would make your life much easier as a new grad:        1. Treat Your Credit Card Like A Date That’s Too Good For You Credit cards come with a lot of problems and responsibilities and…

Are Credit Cards A Good Idea?

Are Credit Cards A Good Idea?

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Credit cards can be a huge relief, especially when you hit a rough patch, and if you’re like me your credit card is incorporated into your everyday life. Credit cards have numerous benefits, but if you’re not careful they can go from being a great financial safety net to being a source of grief really fast! So how can you make sure credit cards are never a pain? Before I even begin, do the following descriptions pertain to you? I use credit cards to purchase items that I could not otherwise afford with my debit card I don’t pay off my credit card in full every month If either, or both, of the preceding statements apply to you, then no, it is not a good idea to use credit cards. Stop using credit cards, or stop using them until after you read through this. It’s easy to think of a credit…

What To Do When You Run Out Of Money Before The End Of The Month

What To Do When You Run Out Of Money Before The End Of The Month

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… I Have Too Much Month Left At The End Of My Money We’ve all been there: It’s barely week 3 and you’ve gone over your spending allowance for the month. You might be in one of 2 situations: 1) You make a budget, you try to stick to it. You’re doing well, and then suddenly something unexpected happens.  2) You’ve just been naughty. You eat out all week and make that cheeky purchase (hey, I don’t judge). But whatever the case might be, you’ve run out of money and there’s too much month left at the end of your money. It’s too late to tell you you should have saved more in an emergency fund and it’s too late to tell you not to have bought the pair of shoes that were on sale since you can’t get a refund now (or you’re too fond of them). So what…

Read This Before You Invest In The Stock Market

Read This Before You Invest In The Stock Market

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A lot of people have asked me to write a post about how to invest in the stock market. I love the fact that young people are excited about investing and are trying to become the CFOs of their personal economies, BUT there are a few things one has to do before investing. So before you set up your brokerage account, or buy Apple stock (as a lot of young people do), make sure you’re not overlooking these essential rules: Pay off high interest debt: Any debt that is high-priced, which is credit-card debt for most people, should absolutely be paid off first. Most credit cards have interest rates between 16-18% and if you are stashing money in your 0.5% interest (or in some cases 0%) savings account each month, rather than paying off your credit card bills, you’re committing financial suicide! This is the most important step! Emergency Fund:…