Making poor financial choices is something that most everyone will make in their lifetime however, a few financial decision you might regret forever. There are a few financial mistakes that should be avoided because there is no easy way to remedy the situation if you make these mistakes.
If your son or daughter is heading to college this fall, both you and your child most likely have a lot on your mind – finances, meeting new people, choosing a major, and more. With all of these conversations happening, it’s a great time to talk with your child about the basics of budgeting, establishing credit, and opening a free checking account.
A credit score is a concept that most consumers don’t fully understand and often don’t realize it is used more than just by financial institutions. Understanding what a credit score is and how it is used can be extremely important. It is also important to understand the difference between a credit report and a credit score.