Skip to main content

Not Necessarily Utterly and Totally Irrelevant

Have you ever had to write a blog post on something that you didn’t necessarily agree with or get behind 100%? Probably not. I wrote a blog post about a year ago on this same subject, and I’m afraid I haven’t yet learned to care (shame on me). I mean, I know it’s important in this day and age, but if you totally adhered to the principal of using cash for everything, the subject of a credit score would be moot.

But because everybody seems to worship their credit score (insert eye roll and sarcastic tone here), I suppose it might be important to do what one can to protect it. So, let’s talk about that. I hope you don’t mind if I quote myself–my advice is still quite relevant.

“Check out annualcreditreport.com for reports from each of the three credit reporting companies. Make sure they are accurate. Reach out to them if they are not. Close old yet still open accounts with zero balances. Even consider freezing your credit since you are no longer relying on debt and, like me, don’t intend to borrow any more money. This will also help protect you from identity theft.

While I may not agree with the need for this rating system, I do understand that if you have one you want it to remain in good shape. So, take care of it.”

Ok, now my rant is really over, at least for 2022.

Comments

Popular posts from this blog

It Happens Like That

And, in what seems like the blink of an eye, Memorial Day is over, school is out (or almost out), and my favorite time of the year is here! I love summer. I love it when the sun comes up early and wakes me. I love flip flops and shorts. I like to be warm (ok, not HOT, but warm). This is when I thrive. And I think it’s an excellent time to take a vacation or road trip. That being said, I plan a long time in advance for a vacation because I won’t finance one–and I’ve taken some pretty amazing vacations! I don’t usually just take off on last-minute road trips, either, but I’m learning to be more flexible in my old age. So I have done that on occasion, too.  Now, this blog post isn’t about the last-minute drives I’ve engaged, cruises I’ve embarked, or the countries I’ve explored (being a debt-free, self-employed, budget-loving, young, empty-nester has its perks!). This post is about getting you to a point where you, too, can take vacations without stressing about paying for it late...

Timing is Everything

I was told that a good time to buy a car is January or February. Why? I would guess it’s because many people are financially destitute right after Christmas (because they have not yet been introduced to my blog!) so car sales are down. I do think there is another reason. I think that most people have yet to file their taxes and receive their tax returns (a.k.a. overpayment that they loaned interest-free to the government ) with which they plan to make a down payment. Now it’s March, and many people have already filed their taxes and received said overpayment that we common-folk refer to as a return, and it’s burning a hole in their pockets. This can be good news for you if you have things you want to sell. Now is the time to capitalize on the extra influx of cash. What do you have around your house that you no longer use that you can sell? Speaking as someone who has done this very thing, I must warn you. Selling stuff you don’t need anymore and collecting the cash can be addicting...

Know Your Limits

When I was 17, I drove a 73 Nova. It used to be really easy to do things like changing taillights myself. That is no longer the case. If I tried that on my later-model vehicle (which is more like a computer than a car), I’d do more damage than good, because there are some thing you should just not do yourself. It will cost you more in the long run. That being said, there are probably some things that you usually pay someone else to do that are not getting done right now. My advice is to just be patient; depending on what it is and your skill level, it might end up costing you more to fix your mistakes. Let’s discuss some of those… Obviously, most if not all car repairs are just better done by a licensed, trained professional, including oil changes. They can also correctly dispose of used petroleum products. Depending on your tax filing status, a professional can help you avoid overpaying the IRS. I remember cutting my daughter’s hair when she was little, and I made a me...