Financial Wisdom & Credit
#FinancialFreedomFriday - # FinancialWisdom & #MoneyManagement is a critical balance at any age. The more educated you are about money, the more successful you will be in your financial life! # CREDITMATTERS . Credit is essential in most countries. Credit is a great way to leverage money. Having # GOOD CREDIT allows you to buy a home, car etc at low interest rates. Having # POOR CREDIT puts you at a disadvantage. You may be disqualified to buy a home, car, insurance etc. If you do get qualified, you will get higher interest rates. You will pay double or triple what a person with good credit pays. # CREDIT must be used wisely. Most people don’t know how to # BUDGET properly so they don’t manage their finances well. Here are a few tips to build or restore your credit profile and increase your credit score. 💰 Open 1-3 Credit Lines 💰 Pay Bills On Time Monthly 💰 Pay More Than Minimum Payment 💰 Pay Balance Down ⬇️ to 30% of limit 💰 Use Credit Respon...