You probably have heard that you can get 1% cash back on all purchases using credit cards but you think that it’s not worth the risk of opening a credit card. However, if you are already spending $10,000 a year on debit cards that means you are missing out on 1% or $100. Who doesn’t want a free $100. That’s just with 1%, if you follow these steps below you could be making a consistent 15%-20% which comes out to $1,500 – $2,000. So, let’s learn how to take advantage of credit cards. Here are the free steps that other websites want to sell to you, credit card companies don’t…
-
-
Can You Take Me Higher? 5 Things to Increase My Credit Score Higher Than 700.
If your credit score is above 700, here are 5 things to keep inching it up. Alright, my credit score is above a 700, now what? How to increase my credit score… Answer: Keep building your credit score because, you may need it in the future and credit = money (see my article, How to use my credit score to make more money.) Here is a list of 5 things to do to keep building and refining your credit score. 1. Download Credit Karma and Log In. Monitoring your credit score is an easy way to stay in touch with your finances, think of it as having a scale in…
-
Parents! Want to Learn How To Make Money Back While Paying For College?
So this is counter intuitive but stick with me…use at least some credit cards to pay for college tuition. I want to start out first with why you shouldn’t do this, but again, please stick with me cause I have the solution. Credit card interest rates are very high. Credit cards are unsecured debt so of course they are going to charge higher interest rates. Here is a card with a 18% interest rate used to pay for one year of college costing 30,000. If you let the debt sit on the credit card, you will end up paying 5,400 in interest the first year, $6,372.00 the second year and…
-
How Credit Cards Can Backfire On You
Ok, in many of these articles there are explanations on how to manipulate your credit score and interest rates to save and make you money. Here is the very slippery downside to this…its called human error. Also known as lust, gluttony, greed, sloth, wrath, envy, and most of all pride. Most credit card debt is accrued from individuals living higher on the hog than they really are. There are different motiviations for this, some listed in the previsous sentence. Credit cards give people access to living high on the hog without neccesarily havin ghte means to do so. Basically what I am saying is, with great credit comes great responsibility.…
