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Content by Drink Hot

Above article provides some basic information on raising your credit score.

Personal financial advice is hard because it has to be tailor made for you. To make it simple, do the following:

1. Build an emergency fund worth 3-9 months of your monthly income (based on age, income, etc).
2. Contribute to a 401(k), IRA or some sort of retirement vehicle on a regular basis (10% or more of income is a general rule of thumb if you start prior to your mid 30s).
3. Reduce expenses that are not “needs” if you have a hard time doing steps 1 and 2 (Ex. I have a $3.49 coffee everyday at work in the morning and a $1.07 iced tea each afternoon. If I stopped those expenses I could save nearly $5 each working day which would be ~100 dollars in a month).

If you are saving money regularly, feel free to spend some. For instance I use ~60% of my monthly post tax income and save the other 40%. When I am banking 40% each month I can afford to spend money on the “wants”.