Firstly, if you're anything like me, then you definitely have credit cards. It's just the way of life where we're from. I took this Challenge earlier today & it had some very helpful information about credit card usage. Take this quiz & pass along any information that helped you because it may help someone else.
Btw...
Secondly, I want to cover the aspects of learning how to budget your money & see the results. How are you keeping records of your daily, weekly, & monthly expenses? Since most of us are in high school or mature adults, we should have some kind of 'financial plan' in mind.
-How much will we set aside for emergencies?
-House expenses (bathing necessities, food, clothing, etc)
-How much do we spend for gas per week?
-Why carry out everyday when an apple a day keeps the doctor away (lots of extra money down the drain?
These are just a few areas that should already be covered, in addition to any items that you feel are a must have. Just think about the fact that you are actually able to control how much debt you accumulate, now picture that time starting today.
Did you know that keeping your Credit card balances below 20%, would actually keep additional points from being taken off of your credit score? Here's how you calculate it:
CC Limit =$5000 CC Debt (What you've spent) =$1,000
Now take $1,000/$5,000= 20%
I really hope this helps because it's definitely helping me!!
If you think that you know enough about Credit Card Finance, then you're up for this challenge!
Take the Credit-ED® Challenge and find out! Get Credit-ED certified in just 2 steps
It's okay if you don't have any prior financial knowledge, take the Credit-ED Challenge--wait no further!
https://credited.usecreditwisel...
Here you have access to more resources:
https://www.credit-edadministra...
If you need some financial advice, Call/Email me today for your Mortgage needs!
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Tiffany Roberson #79070 281-779-0796 tiffany.texassupreme@yahoo.com
Texas Supreme Mortgage, Inc. located on the Beltway@ I-45 N