Does Getting Married Affect Your Credit?

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Considering tying the knot? Congratulations! But, as any wedding couple knows, with wedding planning comes financial planning. The rings, the venue, the Pinterest-chic individualized party favors with gold flakes on them—with each addition to your perfect day comes a subtraction from your bank account.   All this spending most likely has you thinking about your financial future with your new spouse. I know how busy you are, so I’ve taken it upon myself to address the three most common questions couples ask me:   1. I don’t love my spouse’s spending habits. Should I try to teach my spouse new habits or just manage the finances myself?    One of the most important facts of life to know before you get married is that you can’t expect your spouse to … [Read more...]

College Students: Study These Tips to Build Good Credit

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Is a friend or someone in your family going off to college soon? Here's some credit advice to pass along to the college-aged loved ones in your life:     One card is enough. Students should establish a responsible credit history before adding additional cards. Browse good choices for student cards.   Be diligent with payments. Be sure to emphasize credit decisions can have a critical financial impact later in life. Understand the effect of late payments.   Keep a low balance. Start early, and encourage the habit of using only a small portion of available credit. Read more about the effect of amounts owed.   Learn about credit. Add Credit 101 to the curriculum. Read this free booklet "Understanding Your FICO Score" for a great intro … [Read more...]

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