Surprise surprise! my FICO score reached an all time high this month. I am now at 813. It’s so satisfying that our personal finance habits, habit of handling credit responsibly has paid off. I have posted a number of articles on improving credit score. Today I’ll write about my credit score, how it reached 813, the factors that went in my favor, also the ones that’ll have to be improved further. Let’s first start with what’s on FICO.
My FICO Credit Score report
Congratulations – You have an exceptional FICO® Score. The below factor(s) are informative but not significant as they represent very marginal areas where your score was adversely affected. Keep up your good financial habits!Key Factor(s) affecting your FICO® Score:
- Too many inquiries last 12 months – Each time you apply for credit a credit inquiry is added to your credit report. People who are actively seeking credit pose more of a risk to lenders than those who are not. Your FICO® Score was lowered due to the number of credit inquiries within the last 12 months.
- Length of time accounts have been established – People who do not frequently open new accounts and have longer credit histories generally pose less risk to lenders. In your case, the age of your oldest revolving account and/or the average age of your accounts is relatively low.
How many online accounts you have? If you are like an average American, you should have more than 20 online accounts. Starting from Gmail, yahoo, Skype, Whatsapp, Facebook, twitter to important financial account like checking, broker. And, if you’re a savvy internet user, you must have accounts with your utility providers. and if you’re like 80% of rest of us, you probably have same password, with a little variation, for most of these accounts. The reason, it’s so difficult to remember passwords. And you know that writing them down somewhere is riskier.
But, having same password across different accounts is risky as well. If you password is stolen, for example, your local library, thieves easily can crack open your checking banks. More dangerous it is when you let your browser remember your passwords. So, if your laptop or smart phone is stolen. Your identity and financial assets can stolen with relative ease. Let’s talk about how to safeguard yourself, how to protect your password. Let’s talk about password managers.
This is a guest post with tips to enjoy San Diego vacation on a budget. So, if you’re callifornia bound this summar, this might come in useful. Enjoy the post from Jennifer Osbourne.
San Diego needs no introduction to aspiring tourists. It’s got sunshine, perfect weather, oceanfront property, and laidback people with sunny dispositions. But, the cost of living in southern California is astronomical! So, how do you keep it classy in San Diego while maintaining dollars in your pocket?
It is very difficult to make money from the stock market. There is nothing more difficult for an investor than to see mediocre returns on his portfolio. I should know because I speak from personal experience. When I was assembling a portfolio of stocks to save for my retirement I was never happy with the returns that I got.
That was until I learned about an investment strategy that is more than sixty years old but remains very relevant today. This approach is known as value investing and was developed by the late Benjamin Graham, who is known on Wall Street as the “Father of Value Investing” and was the mentor of the venerable Warren Buffett.
Being able to shop online is the best thing that ever happened to the Internet. Forget about Facebook or Google for a moment and picture the wonderful benefits you get shopping in your favorite online store. You know they are many, right? But let’s look at the ten most amazing benefits online shopping gives us.
We go shopping occasionally mainly because there’s nothing else to do and we live 5 mins to an outlet mall. So, mostly our in-store shopping are mainly window shopping, except for groceries and home depot stuff. We are recent homeowners so we like to spend at least a few hours every week at Home Depot. Because that’s what you got to do when you buy home!
Landlording on the side can be a quite profitable side gig and another way to add a couple hundred extra dollars to the travel fund. The great part it is it can almost border on passive income, meaning it doesn’t take a lot of extra work or time, especially if you can land yourself a full-time boarder position. You get to meet new people, make some money from home, and walk away with a couple of good stories and a few lessons learned along the way.
These days, you don’t need to be a millionaire with an entire house to rent out to become a landlord or to make money renting out to borders. Any extra space you may have, from a house, guest cottage, tent, or even an extra couch, can be up for grabs as a potential to bring in some extra cash.
I think my readers love to hear voices from other bloggers. So often I let them present their content on my blog. Today it was jack’s turn. jack is another personal finance blogger who writes informative stories. In this post he talks about small changes that can cut down your expenses every month. Notice, they are all very doable and effective at the same time. Enjoy the post!
Believe me, it’s not difficult to stop going on a shopping spree once in a blue moon but that’s not enough to trim your expenses or cut loose with unnecessary spending. You know it well that recurring expenses drag us into debts. Majority of us have a tendency to ignore monthly expenses because we have been trained to overlook all those same lines month in and month out. But truly speaking, it is that particular area where you need to look into. Here is where you can eliminate some expenses and thereby saving a tidy sum much to your surprise. Follow the rest of the write-up to know how to do it right.
Regular readers will know that we bought our first home in August 2014. Immediately after getting the keys, I started with the interior painting. It did save cost and also I learned a new skill. I was happy. But, the happiness was short-lived, one evening while returning to our apartment after painting job, I got a traffic ticket. I was doing a 55 on a 40 MPH road. That it was a speed trap was well known but still I wasn’t concentrating on my speed. A momentary loss of concentration cost us $158.
$158 is the cheapest cost I paid. Had I neglected, I’d have ended up paying a lot more. There is some cost of moving violation that is not very well-known to all. So, this blog is dedicated to educating people on the various cost of traffic tickets.
In order to be a smart couponer, it used to take lots of determination, a scissor and magazine subscriptions and more and more. Online coupons have substantially reduced lots of burden of couponers by providing them an opportunity to make the easy shift. Things are definitely moving fast towards the enhanced facilities which need us all to make a fine move as well. People (families) who are cutting coupons since ages may feel a little attached to organizing activities. But, this change is better in so many ways. Foremost, if you will take a chance, you will notice the major time-saving benefit, not so away from you. Other benefits like the variety of discounts, shipping ease and access to unlimited options are solid as well.
If you are more often on the deal hunt, you might have already tried online coupons and if you have not, you probably will in near future. In UK and US people are shifting to digitalized coupons with their own set of strong reasons. It may be series of apps and more for the graph of digital couponers rise higher than 53million, according to credible internet research.
Marketers in near future are going to go digitalize to reach their target segments and massive numbers of couponers are going to follow. But who will have more benefit out of it? The balance is critical and in the hands of both couponers and businesses.
Every year I file my tax returns early. But this year one of my stock broker’s delayed issuing a 1099 DIV statement. I had to wait this long. Hopefully this coming weekend I’ll be all done with this year’s taxes. In case you are not aware, you have to file your taxes by April 15th unless you want to apply for extension.
Every year I file my return alone. I don’t go to a tax consultant. But I strongly suggest you should consult with a certified and registered tax consultant, if you feel the slightest of unease. While you go to a tax preparer to file your taxes, there are certain steps that you can take yourself to lower your tax burden for the coming years.
If you’re an E*TRADE customer, check out the company’s Tax Center, which provides an array of tools and resources for customers, all in one place. This includes important information on everything from cost basis reporting and tips on managing capital gains and losses, to frequently asked tax questions.