Question : Personal finance?
Is there a free web site with professional advices/information on how to build a good credit score and other personal finance advices ??
- asked by OregonOcean
All Answers:
Answer #1
http://finance.yahoo.com/banking-budgeting/article/103507/Thirty-Five-Minutes-to-RichesAbove articleprovides some basic information on raising yourcredit score. Personal financial advice is hardbecause it has to be tailor made for you. To makeit simple, do the following:1. Build an emergencyfund worth 3-9 months of your monthly income(based on age, income, etc). 2. Contribute to a401(k), IRA or some sort of retirement vehicle ona regular basis (10% or more of income is ageneral rule of thumb if you start prior to yourmid 30s). 3. Reduce expenses that are not "needs"if you have a hard time doing steps 1 and 2 (Ex. Ihave a $3.49 coffee everyday at work in themorning and a $1.07 iced tea each afternoon. If Istopped those expenses I could save nearly $5 eachworking day which would be ~100 dollars in amonth).If you are saving money regularly, feelfree to spend some. For instance I use ~60% of mymonthly post tax income and save the other 40%.When I am banking 40% each month I can afford tospend money on the "wants".
- answered by Randomname83
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measure and fulfill your financial needs
