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IPFS News Link • Self-Help: Rational Living

What I Learned From A Year of Obsessively Managing my Finances

• fee.org by Richard N. Lorenc

Am I maximizing my own finances?

Here I will share with you a few tips I learned last year in the hope that you, too, can become obsessed with securing your financial well-being now and for retirement.

1. Game your credit score.

Your credit score is important for a variety of reasons, and it is completely within your control to manage. Aside from paying your bills on time, there are steps you can take right now to boost your credit score and substantially improve your odds the next time you apply for a credit card or, if like me, you find yourself buying a house somewhat unexpectedly. Register right now for CreditKarma.com so you can check your credit scores weekly at no charge. Using tools on that site, you can see that by paying down a certain amount of credit card debt, for example, you can depress your credit utilization (that is, the percentage of your available credit you're using) to a level that will have an immediate and positive impact on your credit score.


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