My 13 Credit Card Guidelines: How Many to Have, and When to Use Them

My 13 Credit Card Guidelines: How Many to Have, and When to Use Them

by Lori Atwood | Jul 30, 2014 | Financial Fitness

How many credit cards should you have? I get this question a lot. My general rule is: If you spend less than you earn each month then one card is always enough, it’s just your limit that might grow. I know everyone’s situation is different. Here are some more specific...
5 Things You Should NOT Do with Your Credit Card (including one I’ve done in the past)

5 Things You Should NOT Do with Your Credit Card (including one I’ve done in the past)

by Lori Atwood | Nov 14, 2013 | Financial Fitness

1. Don’t make your credit card company “twitchy” –  Consistency is the name of the game. Don’t make any sudden moves like charging a new car to get the miles or suddenly opening a bunch of new credit lines (car, consumer, and mortgage). Your credit card company...
When Should I Use My Rainy Day Savings vs Emergency Savings?

When Should I Use My Rainy Day Savings vs Emergency Savings?

by Lori Atwood | Aug 27, 2013 | Financial Fitness, Saving: Retirement & Other

I get this question a lot: What should I use my “rainy day” savings and when should I use my emergency savings? Rainy Day savings is about $2,000-$3,000 set aside for things that break or come up in daily life so you don’t have to charge them on your...
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