Many parents shield their children from their personal finances, which can make sense for many families. However, kids will become adults sometime and will have to learn about money sometime. As schools teach almost nothing about personal finance, those lessons should come from parents. But should high school students start managing their own money?
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What to Do When You’ve Been Victim of a Data Breach
Over the last few years, we have seen an unprecedented increase in leaks of credit and debit card numbers from large breaches, or hacks, where bad guys break into stores and steal information. I was a victim of one major data breach, along with millions of others. Here is what to do if your information is stolen, and how to prevent problems in the future with this new wave of breaches.
[Read more…] about What to Do When You’ve Been Victim of a Data BreachYour Credit Score Is More Important Than You Think
I am completely debt free. I own my car, my house, and I have absolutely no student loans. I never plan to borrow another dime in my life, but I still worry about my credit score. Initially, this might seem like an odd statement, but your credit score is more important than you might think. It is used for far more than just getting a loan on a car or house. In fact, there are four great reasons to keep your credit score as high as possible.
[Read more…] about Your Credit Score Is More Important Than You Think3 Great Reasons to Use Credit Cards
Mention the term credit card and depending on who you’re around, you could get quite the range of responses. You have one side that’ll be on the extreme of churning credit cards all the time to earn rewards to those on the other side who swear them off with the belief that they’re a blight on society. Certainly, if you’re struggling with credit card debt now, or in the recent past, then credit cards probably are not the best for you, but if used as a balanced approach to managing one’s finances I believe there are a number of benefits to be found in using credit cards. The key is knowing what those benefits are and using them if appropriate.
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Your credit score is one of the most important numbers you will ever have in your life. It is like your old GPA (grade point average) from school, except for your money. Banks, credit card companies, lenders, employers, and landlords can use your credit history to decide if you get a new account, loan, apartment, or even a job. At the same time, it can save you tens of thousands of dollars on a mortgage loan. Here is everything you need to build an excellent credit score, and how you can understand and use it.
[Read more…] about Credit Scores: The Complete Beginner GuideThe Complete Beginner Guide to Travel Hacking
If it’s too good to be true, it usually is. That’s the mentality I had when I first learned about travel hacking, a blanket term for using miles, points, and know-how to travel the world in luxury without spending luxury prices, often for free.
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