If you have a good credit score, you are more likely to get good terms regarding mortgages, car loans and credit cards. In short they get lesser interest rates, fees and more sign up bonuses. Make 2018 your year to shoot up your credit score and save money.
Though it wouldn’t be easy and all at once, but at least it can be done. You can control your credit score with just few ways that we are sharing.
Fix any errors: Your first move towards boosting credit score would be finding any error in your credit score report. Get a free copy of your report and look for any suspicious entry like accounts you fail to recognize, any kind of payment you think you never made or any open account that was supposed to be closed. Hold an investigation in any such cases.
More credit cards, more score: Getting new credit card would help you increase your credit score in such a mathematical tricky way for an instance you have $1500 in your credit card with the maximum limit of $3000, your utilization rate would be 50%. However, if you add another credit card of same limit your utilization would become 25%. Feel the trick? But you need to be careful in this to avoid unbalance.
Large and frequent payments: Make large and multiple payments in a month that would enhance the score because each time you pay it takes a snapshot of your balance and the score gets down while lower balances gets your score up so making larger payments in more frequent shifts would risen credit score.
Become Authorized user: Parents often make their child an authorized user so they can draw and cash money. This technique is found good for account holders, any payment done by authorized user makes their payment increase and so the credit score.
Keep Balance and Simplicity: In order to keep your score maintained you need to balance everything, just make sure you keep an eye on all your stuff. To sum up, we can say if you are going to pay bills on time for a long time, keep balances low without applying for new credit, you are ultimately going to achieve greater score.
Let these points resonate in your mind and make you act upon them, 2016 would be your year!
2016 is here with all the new blessings; it’s time to gear up for new you and reach your money goals.
Even if you have to pay off debt, buy new home, these expert financial tips would make you one step ahead in moving towards financial targets.
Write down your finances: Do simple accounting for your current assets and liabilities and make a chart to draw your savings to monthly. This way you would have clear idea of your spending and earnings and you can allocate specific amount to savings.
Set Big Goals: Do not be afraid to dream big or follow them just because you think you are not capable of doing them. While you set your eyes on your goal, invest in both time and efforts and see what wonders it does. Do not stop believing in yourself.
Take Small Steps: You cannot eat entire meal all at once or you’ll choke yourself. Similarly, there’s so magic wand or magic carpet to fly you to your dream goal, baby steps toward the monster goal is what confirms consistency and surety.
Share with friends: Friends are supportive angels sent direct from heaven that share with you each and everything. Sharing your goals with pals would give extra amount of encouragement and amazing ideas that could helpful in long run. So open up about your dreams to your buddies and see what happen.
Announce your goals: By sharing your goals on social media would give you more motivation and sense of responsibility to achieve them. Doing so will also hold you more accountable.
Leave Bad habits: If you think eating out is more fun and skipping home food is okay then you need to realize you are wasting a lot of money you can actually save. Leave behind such habits and strive to be a better person.
Seek Advice from Someone who’s traveled this journey: The best advice you can receive is from someone who has already accomplished what your seeking to do. Most people who have achieved success in have no problem sharing how they got there. Welcome their advice so you do not have to make the same mistakes.
Going on a money diet does not need a specific time of the year or any other condition, except for the summers as they come with a lot of spending moments e.g going on a vacation, shopping for weddings and beach trips. Money diet is very different to ‘food diet’, since it is about gaining money and not losing it.
There are some really easy successful money diet tips for you to try:
Eat healthy, eat on budget:
By food shopping, strictly stick to groceries. Eat at home. Avoid pizza delivery, meal takeaways and hotel meals. In case, you find candy man or ice cream vans, look away to crush the craving.
Skip Shopping gigs:
While only window shopping, ladies are often caught buying scarves, headbands and accessories and such frequent little shopping gigs actually cost more than mega shopping.
Work part time for few hours to gain extra money and show consistency. Join a toy store costumed as a spider man or become a host for an Italian restaurant.
Recycle at home:
Utilize free time at home and peek inside those used/unused stuff in backyard, go-down, old cupboards for some scrap and invest in some really cool DIY skills to create masterpieces that would both save you money and time for shopping outside. You can even do grocery shopping at home, consume some space in lawn and go green with home farm. While money dieting don’t go way too far to skip basic necessities like soaps and shampoos. These are the things of primary importance.
If you are a keen reader, go on read entire library and cut the cost of buying books. You can not only explore the world of books but enjoy some real free entertainment and get this amazing chance of socializing on budget.
Try this crazy method called money diet and save dollars. You can thank me later 🙂
By Tayon Mitchell
In a society where Darwinian evolution is so apparent and even aggressively pursued by some, talents can only take a person so far. He/She needs to do things without a moment’s pause so they can achieve success and sustain it as much as possible. In other words, one needs good habits.
Looking at 20 things that wealthy people do allow some of those who are striving to attain success to get a better grasp of what makes these rich people tick. Here is the list:
- Be positive. People who have made it in this world owe much of their success to a positive spin on things. Being positive keeps them motivated and eager to succeed in everything and anything they do.
- Budget. It should be common sense to spend wisely and to live within means. People living near the poverty line have, surprisingly, no clear idea how to make the most of the meager dollar.
- Gambling is strictly prohibited. Rich people create their own luck. Gambling is a risk they cannot afford to take.
- Keep TV and internet to a minimum. Only a small percent of those doing well financially spend more than an hour on TV or surfing the net. They would rather focus on more productive things.
- Read. Conversely, a huge majority of them read self-help books or real-life success stories. Educating one’s self is a good start to success.
- Go the extra mile. Success is tied up to the extension of effort, time, and energy a person can spend on work or business.
- Keep simple goals. This is a very critical factor in the life of successful people. It often makes the difference between what is merely a wish. Besides, it is so much easier to be motivated when the goals are attainable.
- Track progress. Tracking progress is related to keeping goals simple. It helps one get a true picture of what he needs to do to achieve his goal.
- Do not procrastinate. Nothing ruins a day like procrastination. One should make sure all is nice and tidy at the end of the day.
- Avoid toxic companion. This one is the complete opposite of the first habit. Toxic company destroys a positive outlook in life.
- Persist. Going the extra mile can be called tenacity when it is so much more. It is the ability to keep going when the things look bleak or when one commits a mistake.
- Look for a mentor. Having someone who has actually made it, is a big one. Plus, the mentor can steer a person away from nasty pitfalls and temptations.
- Keep emotions in check. Keeping a lid on the emotions is a common habit of wealthy and successful people. Effective solutions can only come from a calm and composed mind.
- Do volunteer work. More than doing something humanitarian, it allows an individual to build the right kind of relationships in this environment. The people involved here define what is going the extra mile and are very positive about things in life.
- Stop believing in bad luck. Being hardworking, persistent, and positive will eliminate “bad luck.”
- Believe. Believing in one’s self is a huge aspect in all things. Why attempt to do something when the effort will only be done half-heartedly? Believing in one’s self is the engine that makes people hum.
- Never give up. Dwyane Wade’s old commercial of falling seven times and getting up eight times nicely sums it all. It’s not about falling, it’s about getting up every time one falls.
- Exercise. A healthy body is a good way to get that brain clicking on all cylinders.
- Rest. Working like a dog plus adding a few extra miles should not get in the way of resting. A tired person is sluggish and can hardly think straight.
- Love Life. The biggest of all habits. It makes all the struggles and hardships all the more bearable and success so much more satisfying.