6 Credit Card Lies We Believe

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credit card traps

Over the course of the last generation or so, we as Americans have changed our habits and now use credit cards as one of the primary tools for purchasing.  But when you use credit cards, there are several problems you should watch out for when it comes to being a user of that “convenient” plastic. As for me, I think credit cards are not necessary in order to get by in everyday life.  The convenience of using plastic is not beneficial enough to offset the potential problems that credit card use often brings. In my opinion, there is not a […] Read more »

Dealing With Student Loan Debt

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student loans

  If you have student loans from attending college (Let’s hope you don’t) and you’re a recent graduate, you might be a little concerned about how you’re going to get that student loan debt paid back. As college tuitions have risen over the years and starting salaries have remained flat or even gone down, it has become much more difficult for many people to meet those huge student loan obligations and get them paid off in a timely manner. Total student loan debt is now over $1 Trillion and even exceeds total credit card debt according to Allie Johnson at […] Read more »

You Definitely DON’T Need a Credit Score

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This guy thinks he needs a credit score

Do you have a credit score?  Probably so.  Do you have any idea what your credit score is?  Maybe you do, maybe you don’t.  Do you really believe that it’s totally necessary to have a credit score?  Most people do, and I think they are wrong. First, let’s take a quick look at exactly what your credit score is and why you have one.  Your credit score, also known as the FICO score, was created by the Fair Isaac Company (Thus “FICO”) to estimate a person’s credit worthiness.  Your FICO score is really just a number that tells people how […] Read more »

401k’s and Anything Goes

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During the last few years of economic upheaval, some people have begin to return to a more sensible way of dealing with their financial situation.  The last few decades have seen the American public give themselves over to the “anything goes” mentality of personal finance by taking on unprecedented levels of debt, which has come back to kick them in the tail over the last few years. Lately though, some stats have been showing that more and more of us have finally started to wake up from our “anything goes” hangover and have begun to pay down our debts substantially.  […] Read more »