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Health & Fitness

Budget Mondays

Monday – 12/23/2013

It’s Monday – a painful day for most people, yours truly included. Sometimes it is made even more painful as we remember just how much money we ended up spending over the weekend.

Budget

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It’s one word that can make people cringe, angry and sad all at the same time, a rare occurrence indeed. There are plenty of reasons for this – people are told at work that their budgets are being cut, their ideas cannot be funded because they are not in the budget, and in our personal life, our budgets don’t usually quite match up to our desires.

Christmas is this week, it is merely days away, and nearly everywhere you look, listen, or read there are advertisements, discounts, and specials promoting last-minute deals. Holiday shopping, using cash and credit, has been in full swing since Black Friday, and even with a week less between Thanksgiving and Christmas, there has still been a month of hectic shopping. With the news of the Target credit card hack breaking this week, it is a sobering reminder of some of the risks that are associated with the holiday season.

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Let’s take a quick look to some of the ways that a good credit score can help your personal financial plan, and be budget friendly.

1) Makes obtaining additional financing (for cars, homes, or college) easier and less expensive.

2) Makes it easier to open additional brokerage and bank accounts with lower debt levels.

3) Background checks might even include a credit score, and a cleaner score might even be the difference between getting the job or not.

Have a great holiday!

Sean

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