Your credit score is the product of a complex algorithm that factors in numerous variables. The number of credit cards you have is a portion of that mix, but it’s not one of the most important. In fact, the actual number of your credit cards is practically irrelevant compared to the big movers...
In our capitalist society, spending is a core aspect of our daily lives. We’re constantly spending on essentials such as food, utilities and transportation. Even when we’re doing nothing at home, the fridge is running, the plumbing is at work and a light is on somewhere…
Money in the bank might take the form of numbers on a computer screen or rectangular stacks of green paper in a vault. Either way, people have been putting money in the bank for the same reason for centuries: security.
Although they’re obvious targets for robbers, banks are highly secure...
If you are stressed about your money, chances are that you are also financially unorganized, whether you regularly fail to stick to a budget (or maybe you don’t have a budget? You’re not alone!), don’t reach your saving or investing goals, or your debt and credit scores are a mess…
There’s really only one way to get out of credit card debt: by paying off the balance. But there are plenty of pitfalls along the way to make the payoff more costly than it needs to be.
If you’re among the consumers who paid off $108 billion...
Paying with plastic can be infinitely more convenient than paying with cash, but the type of plastic card you pay with still matters. After all, credit cards and debit cards don’t work the same way at all, and they both have plenty of pros and cons. The amount of liability you face with credit cards is also…
As you get familiar with your credit cards, you’ll notice that each issuer may have a slightly different method of presenting and even calculating the numbers that are presented to you on both your monthly statement and your online portal. Still, you will likely see one number called the statement balance and one called the current balance…