October 8th, 2012
When I first signed up for Credit Karma, I must admit that I was extremely nervous to finish registration and find out my credit score. I knew it wouldn’t be terrible- I had always paid off my credit card in a timely manner, but I didn’t think that would translate to an awesome credit score.
Much to my surprise, I was wrong! As an early 20-something-year old, I had an “excellent” score of over 750- a score that was better than 99.8% of my age percentile.
After doing some reflecting, I’ve come to the conclusion that I wouldn’t have a great score if it weren’t for the financial lessons and habits my parents instilled in me my entire life. I learned not only by listening to what my parents said, but also by watching and copying their own financial journeys.
It turns out having a great credit score by your early 20’s is not only doable, but also easy. Here are a few lessons I learned, courtesy of the best parents an early 20-something-year-old could have.
March 6th, 2012
What would happen if you spent over half of your income on your “wants”? You might be living a lot like a 9-year-old. Money Management International conducted a Kids and Money survey in 2010 to discover how kids use their cash at different ages.
February 16th, 2012
our little bundle of joy could start life off deeply in debt and you might not even know it. Some lenders require a social security number with a clean credit history but don’t necessarily check that the borrower’s name matches the number, so thieves can get away with using social security numbers that aren’t assigned to anyone at all.
February 7th, 2012
We know the importance of setting them up with savings accounts, introducing them to the idea of charitable giving and teaching them good and bad ways to use credit cards.
October 18th, 2011
If you were worried about the economy, would you put off having a child? That’s exactly what American women have been doing lately, as the birthrate has been dropping like a stone since the economy went bust in 2008.
August 17th, 2011
With 3 young kids heading back to school next week, I have classrooms and playgrounds on my mind. A good chunk of kids, including one of mine, dreads the first day of school and heading back for another year of early mornings and homework. But there definitely are frugal ways to make your kids like school (maybe even love school). Frugal Dad
August 16th, 2011
Imagine this: You’re back-to-school shopping with your teen, when he sees the perfect backpack to haul all of his school supplies. It has tons of storage and clever compartments. It has enough room for his laptop. It’s in his favorite color. The problem? It’s way out of your price range.
You try to explain that you have a budget, but your teen still wants the backpack. What do you do?
August 16th, 2011
We all learned money lessons from our parents, some good, some bad. We asked our Facebook community to share their best and worst money lessons from their parents, and they jumped at the chance! Here are some of our favorite responses.
August 15th, 2011
Remember when loved ones teased, “Kids don’t come with instruction manuals! Ha!”
Well your smartphone, loaded with the right apps, can be your high-tech helper to make the hardest job in the world—raising your awesome kids—a little easier.
July 29th, 2011
While the impact on your grades may be negligible (at least for hard-core crammers out there), skipping class is essentially throwing money away. Here's how the economics of my Senioritis at UC Berkeley breaks down.