What is Credit and How Important Is It?


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What is Credit Anyhow? What is Credit Exactly? Credit is a contractual agreement that you enter into with a company or person for money or goods with the intention of paying for it later. You agree to pay them based on their contract. If you default on that debt then you are looking at high fees, increases in interest rate and in many cases, financial legal obligations as well. Our credit is looked at to determine if we are financially trustworthy and dependable. Our borrowing capacity … [Read more...]

Financial Bumps in the Road & How I Handle Them


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Handling Financial Bumps How do I handle financial bumps in my road? Well, I recently wrote a post on what we are doing to get out from under ┬áthe mountain debt we've buried ourselves under. Sadly, December decided to throw a wrench into our plans. While we were able to pay cash for Christmas, we had some unexpected expenses hit us as well as 'not paying attention to the budget' expenses. Oops! What happened? Vehicle repair $562.00 Root canal $545.00 (that's not done yet) Restocking … [Read more...]

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