Month

July 2017

Everything You Need to Know About Your Credit Score

Today’s guest post is brought to you by Steven Millstein, a financial advisor, who is going to take the mystery out of your credit score for you!  Check out his bio at the end of the post

A credit score is a number that represents your credit worthiness. Your credit score is used by lenders when deciding whether or not you will be approved for credit. Some lenders will utilize both your numerical credit score and the actual information on your credit report.  Other lenders will focus on one or the other.   Ultimately, we all need to know what is considered a good credit score.

Everything You Need To Know About Your Credit Score

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It’s The 100th Post on Financially Fit & Fab

Hello!  Today’s post is going to be a little bit different as you can probably tell from the title.  This is the 100th post published on Financially Fit & Fab!  Yes, 100th post!  It is crazy to think that there are 100 posts from 800-1500+ words educating millennials about personal finance.  Honestly, when I first started Financially Fit & Fab February of 2016, I had no idea what the site would become.  In this post, I am going to look back on the past 18 months and 100 posts.  In addition, I will provide a preview of what is to come!

Before I even get started, I would like to thank you for taking the time to read Financially Fit & Fab!  There is no way I would have gotten past even 20 posts if I didn’t receive awesome feedback from you.  So whether this is the first post on the site that you have read or the 100th post, thank you!  I appreciate you.  Keep providing the site feedback.  My ultimate goal is to help millennials succeed financially.  Education is the first step to success.

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5 Ways you are Killing your Credit Score

I know you are thinking, Tia, not another post on credit!  Yes, there have been quite a few posts on credit lately.  However, your credit score is so important.  It can affect if you are able to buy a house or car as well as the interest rate or total amount that you will pay for that house or car.  Literally, with a poor credit score your car payment could be over $500 and with an excellent credit score, that same car payment would only be $350 (or less).  In this post, I want to make sure that you’re not killing your credit score.

Before we dive into the 5 ways that you are killing your credit score, let’s look at the different categories that make up your credit score and their weightings.

  • Payment History: 35%
  • Credit Utilization: 30%
  • Length of Credit History: 15%
  • New Credit: 10%
  • Credit Mix: 10%

Now that we have reviewed the categories that make up your credit score and their weightings, let’s look at the 5 ways you are killing your credit score.

5 Ways you are Killing your credit score

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10+ Tips to Save Money on Back to School Shopping

Can you believe that the summer is already in full swing?  This year is flying by!  Many schools in my city start school at the end of July!  With a new year, it is also time to get supplies for school. Back to school shopping can get very expensive if you aren’t careful.  We will be reviewing 10+ tips to save money on back to school shopping.

Families with children in grades K-12 plan to spend over $650 on back to school shopping (when taking in consideration apparel, accessories, electronics, shoes and school supplies)!  Therefore, it is important to find ways to save money on back to school shopping however you can.

 

Tips to Save Money on Back to School Shopping-2

 

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7 Ways to Earn Money with your Car

This article may include affiliate links.  As always, I only recommend products and services that I believe in. 

We all have different goals as it relates to finances.  Whether your goal is to pay off debt, save money for a home, or even to travel, there are two key ways to accomplish those goals financially.  You can cut our expenses or you can make extra money.  Honestly, there are only so many ways to cut your expenses.  If you have a cell phone and a car, you are in luck because you can earn money with your car!

Today we are going to cover 7 ways that you can earn money with your car.

5 Ways to Earn Money with your Car

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Qapital: Making Saving Fun!

I don’t know about you, but saving money isn’t always fun, especially when it is a manual process.  In order to encourage saving and making it more exciting, the app Qapital was born.  Qapital makes it easy for you to automate your saving with weekly or monthly transfers.  In addition, you can also save money simultaneously with your friends.

I heard about Qapital back at the end of 2015 but there has been more and more talk about the app recently.  Qapital gained a lot of steam because of a popular saving app, Digit, started charging a monthly fee!  Digit was a favorite of many personal finance coaches and bloggers like myself because Digit would automatically save money for you each money based on your spending habits.  Normally a money fee wouldn’t be so bad, but Digit raised their fee from free to $2.99 each month.  Although Digit added some additional benefits with the fee, I don’t see the service being worth $36 per year.  So,

Normally a money fee wouldn’t be so bad, but Digit raised their fee from free to $2.99 each month.  Although Digit added some additional benefits with the fee, I don’t see the service being worth $36 per year.  So, Qapital is good if you are looking for an app to start saving automatically but it is also good as an alternative to Digit.

Think you don’t have enough money to put your saving on auto-drive?  An app like Qapital forces you to save.  It is as if the money is out of sight and out of mind.  Unlike putting your money into a saving account that you can see everytime you log online, the money is in a completely separate location.

 

Qapital- Making Saving Fun (2)

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