"The information provided on this blog is for general informational purposes only. It is not intended as professional financial advice. Please consult a professional before making any major financial decisions." 1. Pay Your Bills On Time This might sound obvious, but it's the most important thing you can do. Late payments will hurt your credit score. Make sure to pay all your bills on time. 2. Keep Your Credit Utilization Low Credit utilization is the percentage of available credit that you're using. So, if you have a credit card with a $1,000 limit and spend $500 monthly, your credit utilization is 50%. A good rule of thumb is to keep it below 30%. The lower your credit utilization, the better it looks to creditors, which helps boost your score. 3. Don't Close Old Accounts You might think closing old credit accounts will help your score, but it can actually hurt it. A big part of your credit score is the length of your credit history. The longer you've ...
"The information provided on this blog is for general informational purposes only. It is not intended as professional financial advice. Please consult a professional before making any major financial decisions." When it comes to managing money, one big question people often face is whether they should pay off their house early or invest. Both options have their pros and cons. This article will go over the reasons to pay off your mortgage early and why investing might be a better choice instead. Reasons to Pay Off Your Mortgage Early: Less Stress and More Freedom: Not having a mortgage means no monthly payments, which can feel like a huge weight off your shoulders. It also gives you a sense of financial freedom and security. Save Money on Interest: Mortgages come with a lot of interest over time. Paying off your mortgage early can save you a lot of money that would've gone to interest. Cash Flow: Without a mortgage payment, you'll have extra money each mont...