Monday, October 28, 2013

Increasing Your Credit Limit to Maximize Your Credit Score

It seems like the sky is the limit these days when it comes to how much you can spend. 

Read this if: 

1) You have a credit card. 
2) You know what a credit score is. If not, read this.
3) You want to maximize said credit score by understanding the debt utilization ratio. 


It sounds kind of counter-intuitive, doesn't it? 

I've talked about this before but basically, the debt utilization ratio is a number that shows how much of your total credit you are using. For example, if my total credit limit is $1000, and I am currently carrying a balance of $100, then my debt utilization ratio is 10%. You want this number to be as low as possible, and there are two ways to do that: increase the total credit available to you, or spend less. I recommend both, but I'm just gonna talk about increasing your credit limit for now. 

Monday, October 21, 2013

Messages From Readers: Examples of Credit Card Rewards

Credit card rewards are a little bit like gifts. But not for free!
A while ago I wrote a post about credit card rewards and asked if you guys thought they were worth it. I got a couple of awesome comments where people gave me specific examples and proof that rewards are worth it. 


Monday, October 14, 2013

Exchange-traded funds (ETFs)

I have issues trading things. Especially Pokemon.
Read this if: 

1) You want to know about one of the most flexible and low-cost investment choices you can make. 


I don't think I've explicitly stated this, but I am a big fan of index funds. I've talked about what those are here and pretty much everyone has heard of stocks. There is something you can invest in that I haven't mentioned: exchanged-traded funds (or ETFs). Think of the ETF as the baby of a stock and an index fund. 

Monday, October 7, 2013

What is this "Dow" thing everyone keeps talking about?

Prices go up and down, but just looking at individual
stocks doesn't always give you the best idea of what's going on!
Read this if: 

1) You are curious about that "Dow" thing you always hear about on the news. 


I'm in college now so I don't get in a car often. But before that, whenever I was in the car with my parents, they'd listen to the radio and someone would be talking about the Dow. I am going to explain what that is and what it means when it goes up or down.