Good morning Dinks and Happy Black Friday. If you’re out among the crowds today searching for the best deals I wish you all the best of luck. I am at home and on my way to work. I am more of an online shopper when it comes to mass crowds.
I love a great deal but not so much that I want to wake up in the middle of the night and wait in line to save hundreds of dollars. Partly because I don’t like to wake up earlier than I have to and partly because I just don’t need any big ticket items right now. However if I needed a new laptop or TV I may be telling a different story right now.
What’s the best Black Friday deal you got today?
Enjoy these posts:
Sustainable Family Finances – Bad Money Habits That Lead to Big Trouble
Stapler Confessions – What Should You Buy on Black Friday?
Enemy of Debt – 8 Tips for First-Time Investors
Make Money Your Way – Dealing With the Emotional Aspects of Debt
Club Thrifty – What to Expect from Target on Black Friday
Photo from Flickr
Good morning Dinks. Today we are busting credit myths with the one and only money maven Ellen Roseman. You remember Ellen, right? We gave away a copy of her book Fight Back: 81 Ways To Help You Save Money and Protect Yourself From Corporate Trickery last year. She’s an advocate for consumer rights and she loves telling people how to avoid scams and save money.
Last week I attended a credit chat with Roseman, hosted by LowestRates.ca, and she gave us a ton of useful tips on how to avoid overspending when it comes to credit. Yes that’s right Roseman told us the deepest darkest secrets of a world ruled by credit. She exposed the biggest scams when it comes to credit cards and laid out our rights when it comes to credit bureaus and our credit scores.
During the credit chat Roseman explained how people can acquire credit, manage it responsibly and how to overcome credit problems if you get into financial trouble.
4 tips to keep your credit score high and your balances low:
Always know your credit score. I don’t know about you but I check my credit score at least once a year. Partially because my score used to be very low because of my troubled debt past and partially because I am paranoid about identity theft. I like to watch my credit score increase over the year and I also like to make sure all my information is being reported correctly. Roseman says people should be proactive when it comes to their credit score and inquire regularly with the credit bureaus. There are several places you can get your free credit score right from the comfort of your own home such as Quizzle.com.
How to choose the best credit card. If you’ve ever searched for a credit card online you know there are a ton of “Find the right credit card” tools out there. Credit card companies want to make sure you find the best card to suite your needs because they want to be a happy, spending, interest paying customer for many years to come. Roseman says low interest credit cards are a good place to start. ” They can save consumers money by reducing interest charges, despite the fact that they often carry an annual fee.”
Why are people declined for credit? @Vanessasmoney asked “Why do some people get credit cards easily at 18, while others struggle?” Here’s Roseman’s answer “Have stability — an address for a few years, a job for a year or two” are ways to show creditors you are responsible and stable. Two major factors that banks and other lenders look for when assessing credit applications..
Are credit balance protection services worth it? The answer from Roseman plain and simple is no. She says credit balance protection services are definitely not worth the money. Ellen instead recommends non-profit credit counselling for people who need help managing their debts.
If you want to get more information about credit reports and credit scores as well as tips on how to better manage your household budgets and pay down your mortgages you can watch the full credit chat here.
Photo Credit: Robert Hensley
Good morning Dinks and Happy Thanksgiving. Another year has passed and it’s time to look back on the past year and think about all the things we’re thankful for this year. These are all the things I’m thankful for this year:
My family, most of the time anyways. My family has definitely had our ups and downs and I’ve shared a lot of that here on Dinks Finance. I complain about my family, but at the end of the day I have to be thankful that I still have a family…what’s left of it. At the end of the day I’m thankful to have my family around because some people aren’t so lucky. Choosing not to talk to your family is one thing, but not even having the option to call is a whole other story.
My friends all five of them. There is a quote that says “Friends are God’s way of apologizing to us for our families”, this really hits me personally. I don’t have the best family situation and at the end of the day my friends have always been there for me. After my family fall out my friends have always been around to celebrate every birthday, Easter, Christmas and any other holiday so I don’t have to be alone. Friends have a special bond because you choose your friends, but you can’t choose your family.
My job, however long I have it. I love my job in digital marketing, I really do. I’m thankful that I was able to make a career change from financial planning to marketing at 33 years old. I had experience in writing for the web and social media from blogging and I went back to school to get a diploma in journalism; but the truth is no one had to give me a chance because all my work history was in banking. I’m thankful I found a job I love and when our company is sold in the next few weeks I’m hoping I still have job.
Our new apartment. Nick and I moved October 1 and as I’ve said here many times it’s a money pit. However I’m thankful for our new apartment because I absolutely love the space. We are finally settling in to our new space and things are coming together, just in time for the holidays. I love living with Nick and I’m thankful we’ve been together all these years, but this year I’m really thankful for our new apartment.
Money situation has improved over the years. I am definitely thankful my money situation is not the same as it was five years ago. Back then I was over my head in debt and now I’m not. Now I live on less, but I don’t live without and I’m happy with that. I know improving my finances by increasing my income and lowering my debt was my doing, but I truly believe the powers at be gave me the will to strength to do it – for that I’m thankful.