Credit

How Much is Enough to Have in Your Checking Account?

Recently, I wrote an article about how much is really enough to have in our savings accounts. After thinking about it, I thought to myself, “How much should we have in our checking accounts?” After talking with some people about it, it’s become apparent to me that many people think it should be similar to the minimuim they keep for their savings account.

If you read my last article, you know that your minimum savings should be equal to all of your living expenses plus necessity expenses for each month that it usually takes you to find another job. This is a bit much to require yourself to have in your checking account as well. If you can do it, more power to you. For the rest of us, the idea revolves around purchasing power.

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How to Correctly Build Credit with a Credit Card

Building credit with a credit card sounds like common sense, right? Get approved for a credit card, use it, then pay off the balance on time and never allow it to over your limit. Sounds simple, but it really isn’t. Many lack the self-discipline that it takes to actually do something like that. Instead of trying to find out how one could learn this kind of discipline, they just use their instincts, which usually ends poorly. There’s a better way to do this. Even if you don’t have much self-discipline, here are a few tips that will help you in the long run.

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