I always pay with a credit card. I pay off my credit card weekly so I know how much money I really have (this works for me find something that works for you)
I never buy what I can't afford. All these purchases accumulate points which you can put towards yourself later on.
In finance you are always looking to maximize the way you make your money work for you. With those points I was able to fly for free the past two years. (1 trip a year)
Try not to have too many credit cards you can always raise limits just don't overwhelm yourself with too many cards.
Canceling cards lowers your score
Be careful of store credit cards. You don't want a balance you forgot about lowering your score just so you could save 15% extra on a TV. It can cost you much more long term.
Go on consumer reports and look for the card that will benefit you most
Call the credit card company and ask them to lower your interest rate. I did that in college and went from 22% to 1.99% for a year. You have to call every year or so but, they want your business and you should do your best to pay them the least.
Check your credit score yearly. You can improve anything and it doesn't take long to change your situation around start today.
Also check your credit rating at the three major ratings agencies.
This is a rich area and I have many posts to come on this topic
Start here
I never buy what I can't afford. All these purchases accumulate points which you can put towards yourself later on.
In finance you are always looking to maximize the way you make your money work for you. With those points I was able to fly for free the past two years. (1 trip a year)
Try not to have too many credit cards you can always raise limits just don't overwhelm yourself with too many cards.
Canceling cards lowers your score
Be careful of store credit cards. You don't want a balance you forgot about lowering your score just so you could save 15% extra on a TV. It can cost you much more long term.
Go on consumer reports and look for the card that will benefit you most
Call the credit card company and ask them to lower your interest rate. I did that in college and went from 22% to 1.99% for a year. You have to call every year or so but, they want your business and you should do your best to pay them the least.
Check your credit score yearly. You can improve anything and it doesn't take long to change your situation around start today.
Also check your credit rating at the three major ratings agencies.
This is a rich area and I have many posts to come on this topic
Start here
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