Before you tackle lofty financial resolutions like paying off debt this year, do yourself a quick favor and freeze your credit reports. It’s free, doesn’t affect your credit score and helps protect your financial future.
Credit reports summarize your payment history with creditors and are automatically generated by the three major credit bureaus: Equifax, Experian and TransUnion. Freezing them prevents fraudsters from opening a new line of credit using your personal information.
When you have a pile of bills and no paycheck, address the essentials first. That means the roof over your head, medicine, food, heat, electricity and — for those who still must report to jobs despite a government shutdown — getting to work.
A mere eight percent of people actually achieve their New Year’s resolutions. Ouch! So often, we set good intentions and get hyped for great things to come, but we lose steam–often in just a few weeks.
Among the many popular resolutions set each year, squaring up finances and making more money always top the charts. So, if you’re looking to get rich this year, what can you do to succeed? Outside of winning the lotto, financial success comes down to doing the basics well.
If glitzy ads and the scent of evergreens entice you to choose debt when you mean to choose joy, your holiday may already be haunted by the Ghost of Christmas Yet to Come.
Twenty-eight percent of shoppers who used credit cards to pay for last year’s holidays are still paying for them. Think about how long you’re willing to pay for a moment of delight before whipping out the plastic.
Alternatives to big banks are offering some of the best deposit account interest rates consumers have seen in years. And they’ve made checking accounts, savings accounts and certificates of deposit a worthwhile vehicle for earning interest once again.
Once again, we’re approaching The Most Wonderful Time of The Year. The music, the lights, the parties. There’s so much to do, but it’s important to remember to keep your guard up and follow a few safety tips during the holidays.