This is the best I’ve ever done with money. I paid off the balance on all my credit cards about a year and half ago and not only am I now debt free, but since about October of 2019 I have had around $2000 in my checking acount at all times. The best thing I did was give all my credit cards to my sister to keep at her house. I rarely use them; I learned credit cards are not a neccessity.
I spend what I have and have a good time but I’m starting to try and save for a rainy day. I’m 50 now and things will add up especially the car and stuff so I’m getting into saving for when I need it. I think that will help.
Ive been using credit for the past 6 months. It doesnt help when the bank offers to extend the overdraft and the credit card upped the limit to 2 grand lol.
Ive cut the credit card up - i owe about 650 on it. But thats enough.
Yeah and mobile contracts are counted as a form of credit.
I have to laugh - ive got a better credit score than my twin brother - and hes working!
If you wanna good credit score - never take out a payday loan - it shows your desparate, and pay your utility bills before the red one comes in. And pay your phone bill off early if you can.
Never use more than 50% of your overall credit either.
I am gonna bring my debts down even if its just a small amount i owe. Most of the money i spend goes on stuff i could do without anyway.
My score was really high, but then I got a massive energy bill because they messed my payments up, so I cancelled the direct debit as it was over £200. That was classed as a missed payment, and my score is crap now
Yeah i use clear score and think money too. Mine usually fluctuates up and down by about 20 points each month. When i know my energy bills due i usually chuck 150 on the balance a month before hand - so its not so much of a shocker.
I apply and get the warm home discount every march as well of £140 - cos im on PIP.