5 Signs of a Financially Healthy Woman

am not a woman but like your sentiments,
Somebody making me feel irritated in doing business.
Ist i was importing a Nissan caravan from West carpark Japan i sent the Ist half but this guy tells me it was late and have cancelled the unit.
So then we got another unit and have paid full amount USD6900 it is 26th of April the guy still says it will take long .Holding my money am worried what do i do with this Person?.

I agree... I have many small student loans... it's a myth that student loans are 'good credit', simply because they are still loans and of course it's hard to put them all into a consolidation loan (after all the banks want to make all that money in intrest) so they see 8 loans (assuming you took out a stafford loan and a private loan for the school year) or more on your credit reports.

I'm working my way back up the credit score ladder.... my credit tanked when I messed up with credit cards in college. We had to get an FHA home loan because my credit score is "fair".

I have my own credit card (first one in 2 years) but I don't use it for anything more than gas at the moment. And I want to get my 401k and perhaps an IRA started for retirement... I also want to start saving a little egg nest of sorts and build up a high yield account or two.

Ce-el student loans are not optional!!!! HTF should i pay for school? graduate school is over $700 a credit HOUR. i don't know about you but i make $40k a year. that doesn't allow for $10k a year to pay for school. and yes, i get $$ from my company. but at the grad level, you can't get grants. you either pay out of pocket or get loans. and there aren't really any scholarships unless you can be a TA and i can't because i have a big girl job.

BTW i didn't cause the economic problems of today. i pay my mortage on time and every month. and i didn't get some stupid ARM loan that i can't afford. I'm not FHA or bad credit.

i also never said i took the max in student loans the govt gives me- just that they approve the max. my whole point was that my mortgage and my student loans tanked my credit, despite the fact they are supposed to be "good" debt. i only have one credit card and it's small.

cutebanker .. that's pretty much what my husband's mortgage broker told us ... even w/ minimal cc debt, a car loan and on time payments, it's the SL amount that makes us finanically undesirable for a house. dh by himself, perfectly fine since he has ZERO debt. i hate the fact that i drag us BOTH down b/c of SL.

I was a financially healthy woman.. until I moved out with my fiance... my credit? down the drain..

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same here .. looking back i know where the downfall started. him 5-10% (if that)of his income went to household expenses. me 60% of my income went to household expenses. $1600 to someone making $7-8K/month is nothing, $1600 to someone making $3500/month is an entirely different animal. i only have myself to blame b/c i DIDN'T speak up.

pkprq- yep i totally agree!!! when i get married i am putting the house in his name and my name on the title. we both have student loan debt but he makes more than me and thereby makes bigger payments and has better credit.

but it amazes me that getting a house or a car or a cc can be a pain in the @$$ but the federal govt continues to give me the max in loans every year!!!!!

my mortgage and my student loans TANKED my credit score. apparantley now my debt to income ratio is too high. awesome. so much for trying to do the right thing.

Over 5 years ago Ms. Orman said pay off your debt and scale back spending money you don't have. At that time I was dealing with two high interest credit cards, maxed out and spinning my wheels each month to make payments and get no where.

By taking her advice, I made my final payment last month clearing it all away. I used a credit consultant and paid a fee each month for their services. Five years is a long time but if you don't start doing something you will go to your grave owing for dinners you charged fifteen years ago.

I wish my parents had talked to me about finance, savings and money handling when I was young - might have saved me from some loser husbands and getting fleeced supporting them.

pkprq- i understand! i thought when i got my MBA i would come out with a better job. instead i graduated in the summer of 08 into the worst recession ever. so while i'm stuck at my current job, i am continuing my education.

as much as i wish i could pay for school out of pocket, it's just not feasible. if i was married or lived in a 2 income home, it would be different. (i can't even imagine how much cash i would have if i was splitting all my bills!!!) but it's just me and i'm trying to do the best i can on my own. like i said, the mortgage gets paid. it's just a shame that things like buying a home and getting educated have to harm you....

Harley, Financially healthy women do not blame others...even the "crooks" government. I have managed to build up a very nice "nest egg" through many, many administrations.

If you want to stay financially healthy, don't spend beyond your means. If you are living off of dividends from your investments, don't spend more in a month then your dividends pay out.

"Your debt to income ratio doesn't affect your credit score. "

Actually that is exactly what you're credit score is based on....FICO, the credit score plp, recently released some info on how they do and it, and your numbers all depend in not just your ratios but also the time length of time you've had to credit (ie...card memeber for 10 yrs vs 2...) and the higher your score the less things like debit take off. For exmample if you score in 740 and you have a maxed out card its 25 points off...but if its 575 and you have a maxed out card its minus 70 point (these are just fake numbers I am making up to give as examples). Just an FYI

who pays for a $2,500 dress if you are not rich? crazy spending and i thought $80 for a dress was expensive!

cutebanker .. i suspect our 'friend' might suggest doing a grad school program one class/semester paid out of pocket. i know for law school (the program i went through) there are very few scholarships, fewer grants and while you CAN go part time and work while going to school, it's not reccomended which leaves most law school students in a HEAP of debt.

i did a certificate program .. 2 classes a semester while working FT and i managed to pay for it out of my pocket .. the catch. i lived w/ my mom the whole time.

in this day and age .. SL are not optional. taking out the max amount IS optional and no sane person should be doing that, especially if they work too. the hope is that the grad school degree will bolster the earning power enough to compensate for the extra loan payments (sadly this is NOT the case for teachers and social workers -- in order to be considered for the job you need both ($50k debt min ?!?) to earn maybe that much starting out - eek !)

Your debt to income ratio doesn't affect your credit score. The only people that look at your DTI is lenders. And mortgages and student loans are considered good debt. Just an FYI.

I was a financially healthy woman.. until I moved out with my fiance... my credit? down the drain..

Your debt to income ratio doesn't affect your credit score. The only people that look at your DTI is lenders. And mortgages and student loans are considered good debt. Just an FYI.

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as my husband and i found out in the home loan approval process, student loans are just as toxic as credit cards and car loans. they look at what i still have left owing and what my monthly payments are on them and then they look at my income and go, sorry, together you CANNOT take out a mortgage - he can apply and be approved but both of you together w/ both your incomes (which would have qualified us for a larger mortgage) nope. my student loans, while they allowed me to get my degree which in turn made it possible to do what i do, are now biting me in the rear. it's not considered 'good' debt, it's toxic. they mess w/ your DTI too much.

What?! Financially smart men or women will pay down their debt, before taking on a major purchase. The attitude of some of these posters point to the mind set that has caused the economic problems of today. Did someone post...the government continues to allow them to take out the max student loans each year?....govern yourself! Student loans are optional! There are other sources of college financial aid. If you are willing to invest your TIME in locating and applying for them.

cutebanker -- for the longest time home ownership was NOT a priority to us, school to me yes but home ownership no. when i was in school, buying a house was the farthest thing from my mind/agenda. good thing that house prices starting at 250-300K kept me out of the market (even in 1997 when i graduated from undergrad).

uh hello i work for a bank- i know how credit works. my credit was high before i bought my house. and went back to school. all other credit issues have remained the same. i pay and i pay on time. the fact that i put on another $130k in debt tanked my credit. debt is debt. my mid score went from 680 to 613. i know, i just got a car last night. and i bought my house 3 years ago. like i said, the only thing diff today is the amount of debt i have. and that's exactly what the finance guy said at the dealership.