How Do They Calculate Credit Scores and What’s In a Credit Report?

In order to talk about what is considered when calculating your credit score you need to first understand what shows up in your credit report. Your credit report is a history of how you have used or abused your credit. This report is created by one of three primary credit-reporting agencies: TransUnion, Equifax, and Experian. As a result, you actually have three reports and, subsequently, three credit scores.

What is my Credit

Continue reading How Do They Calculate Credit Scores and What’s In a Credit Report?

The Pros & Cons of Freezing Your Credit Report: Is It Worth It?

If I had a nickel for every person who has ever questioned my decision to openly share multiple details of my personal finances on this blog — especially considering its eponymous title — I’d be about $3.65 richer right now.

Usually, most people warn me that my openness makes me vulnerable to identity theft. They’re right to express concern. After all, once an identity thief gets hold of your name, social

Continue reading The Pros & Cons of Freezing Your Credit Report: Is It Worth It?

100 Words On: The One-Armed Bandit's Armless Cousin

Who hasn’t been fleeced by a casino slot machine? Although only Keno offers worse odds of winning, slots are by far the most popular casino game, responsible for 70 percent of gambling industry winnings — so it’s really no surprise they’re derisively called one-armed bandits. Like casinos, banks have their own army of two-faced dollar desperadoes: automated teller machines. ATMs have no qualms heisting 15 percent per $20 withdrawal. For

Continue reading 100 Words On: The One-Armed Bandit’s Armless Cousin

33 Reasons Why Your Finances Are a Complete Mess

I’m a total neat freak. Always have been.

Truth be told, the Honeybee is a neat freak too. I think that’s a big reason why we get along so well.

Oddly enough, our teenage kids are the exact opposite. They’re allergic to neat.

The other day I walked in Matthew’s “empty” bedroom and it looked like a bomb had gone off. There were so many clothes, school papers, books and other pieces of

Continue reading 33 Reasons Why Your Finances Are a Complete Mess

Quick Tip: The Easiest Money You’ll Ever Make

Yesterday the Honeybee and I got another dividend rewards check from our credit card company — this time for $300.00. I love it when those checks come in, as we use the money to treat ourselves to a nice dinner, night on the town, or other fun activity.

Over the past seven years we have earned more than $2000 in cash dividends for nothing more than using our credit card.

We get

Continue reading Quick Tip: The Easiest Money You’ll Ever Make

The 7 Deadly Sins of Personal Finance

Back when I was a kid, I remember going to Catechism and learning about the seven deadly sins.

Maybe that’s why this national sin survey, conducted by a Kansas State University team of geographers, caught my attention last week. The provocative survey, actually an academic study, measured and created a “sin index” for 3000 US counties with respect to pride, envy, lust, gluttony, wrath, greed, and sloth.

Fascinating stuff.

Did you know your personal

Continue reading The 7 Deadly Sins of Personal Finance

News Flash: A High Income Can’t Guarantee Financial Freedom

Remember Illinois Governor Rod Blagojevich? He’s the guy who was impeached in 2009 and then convicted in Federal court a couple of years later on multiple corruption charges, including the solicitation of bribes for political appointments.

Blagojevich’s actions left a lot of people wondering why the ex-governor would ever do such a thing. Here’s the short answer: “Blago” needed the money — even though he and his wife had a combined

Continue reading News Flash: A High Income Can’t Guarantee Financial Freedom

What Influences Your Credit Report Score?

If you’ve ever gotten a free credit report score, you’ve probably wondered exactly what factors influence your overall credit score. Unfortunately, your credit score is a complicated number that is influenced by a variety of factors that differ from one person to the next.

Major credit reporting companies Equifax, Experian, and TransUnion gather data on your credit behaviors. This data includes your payment history, loans, credit cards, limit on credit cards,

Continue reading What Influences Your Credit Report Score?

The Top 40 Ways to Improve Your Credit Score

One of the first and most important tasks most everybody should tackle as an adult is establishing and improving their credit score. That’s because people with great credit enjoy lower loan rates that can result in serious monetary savings.

It’s no secret that mortgage rates can vary by 1.5 percentage points or more between the highest and lowest credit tier.

To put that in perspective, if you borrow $200,000 and get a

Continue reading The Top 40 Ways to Improve Your Credit Score

How to Make Your Dreams Come True -- Even on a Tight Budget!

Do you have a plan for the future? How about a set of goals? If you could do anything at all, what would it be?

Many of us are so busy with day-to-day life that we don’t have time to think about what we really want for the future. In fact, even if we do think about it, it can be a challenging and perplexing topic.

Goals are important. For many people,

Continue reading How to Make Your Dreams Come True — Even on a Tight Budget!

Question of the Week:

Chocolate, vanilla or strawberry?

View Results

Loading ... Loading ...