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Think Twice Before Closing A Credit Card. Here's Why

If you're wondering about how many credit cards you should actually have and thinking you may have one or two too many, and then may be thinking of closing one or more of those cards — maybe stop there and continue to think your card situation through. Once you close a credit card, there's no turning back, which is why you should always look at the bigger credit picture.

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Think Twice Before Closing A Credit Card. Here's Why
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    If you're wondering about how many credit cards you should actually have and thinking you may have one or two too many, and then may be thinking of closing one or more of those cards — maybe stop there and continue to think your card situation through. Once you close a credit card, there's no turning back, which is why you should always look at the bigger credit picture. While in some cases closing a credit card is the right decision, consider what impact losing that card will have on your credit score. Hint: It likely won't help it.

    Think Twice Before Using Your Debit Card To Pay For Gas. Here's Why

    Think Twice Before Using Your Debit Card To Pay For Gas. Here's Why

    When you're on the go, paying for gas at the gasoline pump is a major convenience — and a major inconvenience if you have to actually go into the store to pay. However, if you're using a debit card, you may want to take a moment to do just that, to protect yourself from possible theft. Specifically, from skimming, a type of fraud that "skims" the data from a credit or debit card, and then flips that information for unauthorized use, such as for online or phone purchases.

    Don't Believe This Credit Card Myth That's Hurting Your Credit Score

    Don't Believe This Credit Card Myth That's Hurting Your Credit Score

    When it comes to your credit score, there are a LOT of supposed tips, tricks, and myths designed to help you improve your number. While some of these tips can be beneficial and downright responsible (like avoiding missing a credit card payment), not all of these myths are beneficial to your financial health. One such myth is the idea that carrying a balance on your credit card(s) will help your credit score. Not only is this myth not true, but it can actually end up hurting your credit score while also costing you a lot of money.

    Stop These Bad Money Habits Before You Go Broke

    Stop These Bad Money Habits Before You Go Broke

    Money management is often a battle between good habits and potentially fraught spending desires. Creating positive financial forces in your life isn't about having help from a trusted advisor or getting lucky and starting your journey with wealth. You also don't need to have a great job or a sky-high salary to create positive momentum for your financial future.

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