Category Archives: Credit Cards

Best Practices for Establishing Credit

Best Practices for Establishing Credit

In today’s world, a good credit score is a powerful tool for financial stability. It may determine if you can borrow money for a mortgage, car or other loan and what interest rate you’ll pay for that loan. Your credit score may also be a factor in whether or not you can rent an apartment or how much you pay for insurance. The two major credit scores are the FICO score used mainly for lending decisions, and the VANTAGE score, created by the three major credit bureaus to compete with FICO. Continue Reading

Why Young Adults Need to Use Credit Cards

Why Young Adults Need to Use Credit Cards

Unfortunately, financial advisers have related mixed opinions when it comes to using credit cards. I say unfortunately, because there is nothing to dislike. I got my first credit card when I was 18 and have been using it since then. Not only has it earned me thousands of dollars in rewards since then, but it has added other benefits as well. Despite what people may think, using credit cards is an important action for any young adult to take. Here’s a list of reasons why you NEED TO START USING A CREDIT CARD if you are not already using one. Continue Reading

Debit Versus Credit Card?

Debit Versus Credit Card?

I know that many people are against using a credit card. They see that it is too easy to overspend and get into credit card debt. I also see those in favor of using credit cards for rewards. Personally, I use a credit card solely because of the rewards I earn. I take the cash back and use it to invest in the stock market. There is one other reason to use a credit card over a debit card: security. Continue Reading

Do You Remember Your First Time?

Do You Remember Your First Time?

I remember my first time. There was nothing else that I wanted except to be an adult. To be independent and responsible for my own life. Crossing this threshold is often a sign of stumbling into adulthood. I gave it some serious thought before I decided to take the leap. It wasn’t a decision that I wanted to take lightly. I thought about the many ways this could ruin my life for years to come. Whether I would make a mistake or whether my instincts would kick in and help my overcome my nerves. Do you remember your first time? How did you feel? If it’s anything like my first time, I imagine there were some feelings of nervousness, anxiety, excitement, anticipation. Continue Reading