Category: Credit

Money Hacks Carnival #18 — The History Of Money!

So I did some deep undercover investigation for this weeks carnival digging back in time to bring you The History of Money! Did you know that China was the first to use paper money around the year 1000. It was made from the bar of mulberry trees. Leaves from these trees, you may recall, are [...]

It Costs At LEAST 10MIL To Be In The “Cool Kids Club” This Year; One Million MOST CERTAINLY Isn’t What It Used To Be!

Who would have thought that there’d come a day when 1MIL would officially “not be what it used to be”. According to Yahoo, it happened a while back because the new elite number is 10MIL minimum! How can this be, and how much further are we going to have to climb with inflation? “The tool-and-die [...]

A Deeper Look at Late Payments and FICO Scores by Barry Paperno

A Deeper Look at Late Payments and FICO Scores by Barry Paperno

While anyone can tell you that late payments will hurt a credit score, what most people don’t know is that there are subtleties in just how the FICO scoring formula treats one late payment from another. For example, some typical questions about late payments are…

Education.com is Talking Financial Smarts for Kids

We all know the importance of financial well-being, yet many of us are self-taught when it comes to figuring out the best way to manage our expenses, grow our savings and learn how to invest for the future. But what about our kids?

Should I Pay My Credit Card Off Each Month?

It’s always a hot topic and yet it is still one of the first questions people ask when they talk about owning their credit cards. MyFICO doesn’t hand out their magic formulas and the best you can do is to NOT use it at all if you’re worried about credit. But if you HAVE to [...]

Net Worth Update May 9, 2008 [$120,697.64 (+3.55%)]

Net Worth Update May 9, 2008 [$120,697.64 (+3.55%)]

We’re looking up again this month – looks like the mutual funds are coming back a little bit this month. Both the wife and I had good 401k returns this month. The house dropped a bit, but that’s to be expected, but overall we’re looking up again.

What WON’T Car Salesmen Do To Get Your Cash?

What WON’T Car Salesmen Do To Get Your Cash?

I was driving to work today and noticed a wonderful picture on the way there; so good that I had to stop in the middle of the road to take the photo and get a good laugh…

Hanks Weekly Hangouts #26 (April 20, 2008) – And Why Do I Post Weekly Roundups?

So it’s the half year “weeklies” post – a milestone to be set for sure. I’ve had some good response out of these “weekly roundups” and I thought I’d take a moment to answer a quick question as to why I do it that “Jeff” sent in.

How Is Your Credit Score REALLY Calculated?

How Is Your Credit Score REALLY Calculated?

I have actually gotten this one a few times and it really is much simpler than people make it out to be. I don’t know whether it is the credit card companies that want to keep it a secret or that people are just too lazy to go figure it out for themselves, but either [...]

6 Tips For Bumping Up Your Credit Score

I’ve been asked about credit tips a few times since starting this blog so I figured I’d knock out 2 birds (actually 4 emails) with one stone… I’m always up for getting ahead financially when I can, and a good credit score can be a good place to start. However, I haven’t had a need [...]