Credit Score
The MOST important factor in your credit score
What is Payment History
These are the things you should buy with your credit card
What are the things you need and can already afford
Examples of this type of expense include mortgage/rent, insurance, real estate taxes, and vehicle registration.
What are fixed expenses?
Gas to go on a road trip
What is a want
This is the SINGLE BEST way to be ahead in life by making sure you know how much you earn vs what you spend?
What is making and maintain a budget?
This is the lowest score you can have that is considered "good"
670
These are the two best ways to reduce your credit card debt.
What is pay more than the minimum & spend less?
What are variable expenses?
Groceries that feed you regularly and stay within your budget
What is a need?
This is the quickest way to get a lot of detailed info on financial info I don't know.
What is "Google it"?
This the highest percent of your card you should use in order to maintain the highest credit score; ie "your spending limit"
What is 30%?
This is the primary factor that should determine which you pay first when paying down multiple credit cards or other debt.
What is the Highest interest rate?
Using these can reduce your grocery bill, which is one way to help lower your monthly variable expenses.
What are coupons?
A nice gift from the store for Valentine's Day for your long time girlfriend/boyfriend
What is a want?
This is the BEST way to ensure I never make a late payment on any regular expense.
What is setting up automated payments?
True or False: You should close out your credit cards as soon as you have paid them off and no longer need.
False: leaving open paid off card helps with spending limits and length of credit history
These are the ways credit cards make money from you.
What are interest and late fees/finance charges.
Examples of this type of expense include groceries, electric, heating oil/gas, and gasoline.
What variable expenses?
The latest Video Game so you know what your friends are talking about
What is a want
True or False: I can call my credit card or bank and get info about my accounts
What is True?
This is the best way to protect your credit rating.
What is paying your bills on time?
This is why Credit Cards want to lend you money.
What is they count on you failing and owing them money forever!
you should do THIS before you go to the grocery, not after, in order to curb temptations to impulse buy.
What is eat a full meal?
Gas to visit your parents on the holidays and other important dates
What is a NEED?
This is who I should call before I make a large financial decision
Who are Mom & Dad