8 out 10 Americans have credit cards and over half of those consumers carry a balance on their credit cards. With so much differing information out there, it can be hard to understand if you should even use credit cards. This article explores the question ‘Should I get a credit card?’ so that you’ll make […]
Category: Credit Cards and Credit Scores
Is It Bad To Close A Credit Card – And Other Common Credit Questions
Have you ever wondered whether it’s bad to close a credit card? Or perhaps what you can do to improve your credit score? I saw first hand how important having good credit can be, and want to share some best practices with you. You see, growing up, my parents never had a good grasp on […]
Credit Card Sign Up Bonus – How To Use Them To Your Advantage
Building and using credit should always be for your advantage, not for the bank’s, which is why it’s important to first consider your own financial situation before opening new credit cards. Today we will cover how to identify the best credit card sign up bonus and evaluate which offer (if any) makes sense for you. […]
5 Ways College Students Can Revitalize Their Finances
For most college students, financial considerations stop once they receive their financial aid package. However, more financially responsible or savvy spenders are always looking for ways to beef up their finances. And there’s no better time than winter break. As students return home for roughly a month or two, they have limitless opportunities to seize […]
What Is Considered An Excellent Credit Score
Some teens spend their eighteenth birthday buying lottery tickets, going out on the town, or buying packs of smokes. But not us. No, we went to our after-school jobs so that we could make some spending money and help pay some of the bills at home. One of us worked at Circuit City (a now-defunct […]
Credit Card Points And Cash Back Offers Won’t Save You
Credit card points and cash back offers are everywhere. EVERYWHERE. We regularly get messages asking us for advice about which credit card has the best rewards. We both use credit cards to make all of our routine purchases, in part, for these very benefits. What is the other reason we use a credit card? They […]
Drowning In Student Loans
As we discussed in our intro to paying for school post, a college education is E-X-P-E-N-S-I-V-E. And most people would agree that the cost is out of hand! The cost is so high that you might even feel like you aren’t able to pay off student loans at all. You wanted to go to college […]
What is a Credit Score?
Everyone knows that credit scores exist, but ‘what is a credit score?’ is a question we often hear. Credit Score Basics A credit score and a FICO score are the same thing. It is a number that can range from 300-850. A credit score represents how likely a person is to repay their debt. An […]
Why Does Your Credit Score Matter?
Everyone is always talking about it, but does your credit score matter? Yes and No. It all really boils down to how you want to live your life. Do you want to borrow money to purchase things like cars or other large purchases? Or do you want to wait to purchase these things until you […]
Beginner’s Guide to Personal Finance – 2018 Edition
We started The Finance Twins because we were broke growing up and vowed to end the cycle. Now that we’ve been able to do that, we want to share what we’ve learned with you. Our ultimate goal is to save enough money so that our kids won’t have to support us when we get old. […]