3 Major Money Mistakes that Can Cost You

Ecomy suks!! I beebn to this country , for 32years.I am down the drain,my daughter money to complete her master degree,but where to get the money to finish her education. I need help!!!

that subject is very depressing... my husband has been unemployed for over a year now... forget about our financial situation i started to worry about his physical and mental health...
saving for six months is not even an option while we live month to month. this is very embarrassing but as a 35 years married adult i do not even have 1 month saving on the side. if any emergencies come up we are truly screwed up...

If push comes to shove file Chapter 7. Don't know what the lawyers fees are in other parts of the country but I found one for my daughter.
Chaper 7 cost (Dad) $1100 for her bankruptcy. If your credit is shot anyway, you may as well file. You have to take a pre-bankruptcy (on-line) credit consuling course then another after-bankruptcy (on-line) credit consuling course before the bankruptcy can be final. The on-line credit consuling courses will cost you about $40 to $50 total.

I lost my home due to lack of insurance and high medical bills while underemployed. The bills are in collections. Do I still need to prepare for a rainy day? Two years of rainy day funds? I can't tell. Did this lackluster advice starts in the halls of congress, the only business in this country without layoffs, or on wallstreet, the socialist capitalists.

I'm not doing the wrong thing with money. I am financially responsible it's just that life would be easier if I had the money to do the right things with. Just dealing with what I have the best I can.

Why is my credit score one of the three things I need to worry about? Once you get a good mortgage rate, don't live off unsecured debt. I haven't checked my credit score since I bought my house and why should I care? I pay cash or use rewards cards and pay them off immediately. If you havea solid emergency fund and don't rely on credit it's a nonfactor in your life.

Hello, didn't we just go through a bailout for some of these major corporations? Credit score is just the past for everyone right now. America is fed up with credit and leadership with our money system. It has been so corrupted for many years it is just so pathetic to know. Even after these companies got paid for delinquent loans for them to stay in business. They turn around and didn't erase those debts but kept those people delinquent. Now those people who lost their homes are jobless now and all along these companies were taking their pets on vacation spas. Now you are posting a blog about smart investment? At this point no one cares about their credit score. The only investment I see that people are doing now is purchasing a lotto ticket. This is a sad situation these people are going through. People simply don't want better credit, they want help securing finances not false hope. Instead of posting how to improve credit, how about starting a small business. Not a SBA loan but a road side business. IE hot dog cart, catering, something that they can do without borrowing money.

I hate articles like this. Is the average IQ in this country dropping? I wouldn't be surprised if credit score companies, like the ones who can afford prime time TV ads, influence these types of articles. Don't believe everything you read, especially if it claims to offer "help" of any sort. Rainy day fund?? Duh! Even a fool knows it's wise to save. Too bad so many of us don't have anything left after the mortgage, bills, healthcare and utilities are paid.

What a waste of time this "article" is! Poorly veiled free advertisement for the blogger's employer with about the least useful advice imaginable! Monitor mortgage rates DAILY?! Like refinancing is the same as buying and selling stocks! Move to avoid your debts?! Save your money... How did that tidbit avoid everyone else's attention?! If anyone listens to this tripe and uses the ADVERTISED service... they deserve the stupidity they're going to get!

This article is a bunch of CRAP!!! (In capital letters.)
I take great pride in knowing that I did NOT cause NOR contribute in any way to the dire economic downfall – the financial crisis – and will no longer buy into the dictates of the “financial experts/powerbrokers/politicos/titans of fiscal management” (I don’t know how to express in print the noise that I make with “hot air” blowing out of my lips towards them.)

Here’s my advice to, “….Manage Your Life on Shine….”
Don’t buy into greed.
Don’t buy into a decadent lifestyle (although you should support the Arts, honor Nature, have passion in your labors, and demonstrate “class” in morality, virtues, and actions.)
Be industrious, fair, firm, and friendly.
Take pride in your struggles to honest achievement.
Remember – “….You learn from the cradle to the grave.”
Strive for as much self-autonomy, self-control, self-responsibility that you possibly can…(but do everything with reflection, compassion, knowledge, and moderation so as to reach a comfortable balance in life.)
“…YOU WILL HAVE FAILURES – but it’s what you learn from them, how you pick yourself up and move forward in fortitude, dignity, and honesty that counts.”

Personally, I “….DON’T GIVE A (______) FOR WHAT THE CREDIT REPORTING INSTITUTIONS RATE ME!” [“580”; “620”; “720”….”0” – THE WHOLE THING IS A PONZI SCHEME] and stinks!!!!
WHO DO THEY THINK THEY ARE AND I AM??????
It’s time to abandon this “credit” mentality generated by those anxious to easily separate a “fool” and his “money.” Self-reliance coupled with choosing (likewise) great family/friends is where it’s at.
(What’s most important is how I rate MYSELF; how I manage my own resources; how I maneuver amongst fraud and unprincipled unscrupulous individuals in my honest endeavors to survive and thrive as a worthwhile respectable human being.) It’s better to go without in just fashion in due time than to violate ideals and/or sacrifice integrity. As an elderly spinster, “I WILL IGNORE MY CREDIT SCORE (in defiance of the almighty gods of financial propaganda!”

“Your credit score has never been as important as it is now…..” WHAT A CROCK OF BULL!!!! Don’t “qualify” me with your fake platitudes designed for YOUR BENEFIT…..(I’m making that noise again with my lips and that hot air.)

My mother used to always say . . . "you need to save money for a rainy day".
She was so right !

keeping any job, whether or not its your dream job matters..getting a 2nd job helps as well. do what you can to stay a float.. move to another country erases your debt in america since its tied to your social security number, which isnt valid in another country, like, france where they have the best healthcare system in the world

For 25 years i have paid my bills on time, never late,
my credit score in 780. I applied for a credit card at Ashly Furnitue
and i was denied. The reason was i have to much revolving credit.
I have found i dont care if you pay your bills on time and
have a good credit score. They will not give me any more credit.

Chase decreased my credit line, for the same reason,Sears master card. i feel that if my bills are paid on time and never later
i should not be treated like some one that is not paying their bills.

Quizzle is a bunch of bull! After answering all questions truthfully, accurately, and fully, they said they couldn't verify me online, but I could call. Obviously they are just another hard-sell come-on. STAY AWAY!!!!

Well I make a decent wage but it is not what I bring home. That is a fact of life paying for everyone else leaving me little to save. I try to save, but the basics are way more expensive; sewage, water, garbage, electric, lot rent, food is mostly beans and rice with occasional fruit that is on sale. Yet I see many on unemployment and food stamps with meat. I wash dishes by hand, my car is more than ten years old (paid for because a new used car means more insurance cost), I wear layers of clothes to keep the electric bill down, use lights minimally, I use hand towels instead of paper towels, I have not credit card debt, paid my student loans (which those that can pay theirs off are not), I do not go to the dentist I use baking soda hoping I do not get rotten teeth, I have a tracfone instead of a land-line as it is cheaper, I use hot water to clean my hair most days, vacation I know not the meaning of the word, and I pray not to get a cold or worst. My only luxary is internet.

Yes you can do everything right but there is just not much left to save for a rainy day. Middle income peeps are struggling badly to stay above water.

What I am saying is I am better than most in trouble, but not by far and I pay taxes because I work. Kind of wonders who is making financial decisions when America is in trillions of dollars debt? The economy ride to diaster is just beginning.

So forget the mistakes the wise ones are telling us after all they are the ones that have America in debt, the things about saving, and just do your best to eat and keep a roof over your head. In the meantime the rich get richer and the middle income family goes poor. Is that not the diffinition of a 3rd world economy?

Any ways be well and safe as the lights start to dim and turn out.

HUGGLES

you guys all make me feel like an asshole... lol i've been unemployed since Sept 1st also livin paycheck to paycheck, but i didn't get layedoff after workin for 15-25yrs for my company. I belong to a Union the best Union in my opinion, but work is slow to a stand still an hearsay until next year even.. so it only paints a pretty picture for my family in the coming months, i Agree with alot of you.. credit sux an is just gettin close to irrelavent, but it is still our own responsibility to kep track of it an not just wait for a handout.. i take any help i can get, an try to do odd jobs on the side.. i'm good with my hands and do my own work on our family car, my car was repoed so we are down to one, spendin our money wisely is the only thing we have goin for us... i am also startin classes soon at ITT for more "reinassance" availability.... i don't want to end up a dog with only one trick... i'm still keeping my options open while working my angles. Stayin legal is gettin harder to do when all i have to do is make one phone call, or one appearance to switch sides... but i have my family to worry for me enough to keep my head above water.
It seams nowadays you are rich an greedy,
middle class an slowly drownin,
or crooked feeding off of sins, simpleminds and souless people...
But then again the rich and the illegaly crooked are the same... an then become souless themselves

This is all crap anyway. Credit score only means something if they want to use it against you. I "had" a score in the high 700's, make over 50k a year, am married, and own my home. In the past 3 years my spending habits have not changed, but my debt has grown at a standard rate. I have a history of a 3 year cycle of accruing and absolving debt, that has not changed in the last 9 years.
Despite all of this, credit companies have canceled cards, drastically reduced credit limits, and imposed new fees on current accounts. All of these things have a very negative impact on your credit score (reducing available credit, closing long standing accounts, etc.). When I questioned the companies they claimed that they cant "just look at credit score anymore", and that they were "concerned about my balances". I am in the early stages of paying off the debt during this cycle, and even though my balances were at an all time high, I had already paid 1/3 of them off when they began tampering with my accounts. Im not a gambling man, but I would bet you 10 to 1 that now that they have significantly decreased my credit score for no reason, I will no longer qualify for credit that I otherwise would have. I'm willing to take financial advise, but the Banks in America are probably the last source I would look to.

Working as a banker i see this coming of age.. People who went 15 yrs or 20 yrs on the mortgage to shorten their term but then become unemployed, Their income comes down to about 300 a week really makes things tight and causes the mortgage to go late and sometimes becomes a foreclosure...
(the sad thing is that they have equity ) If they would have gone 30 from the start they might been able to squeak by during the down time... ... If you have equity they foreclose faster than if you are underwater or breakeven... They dont want it back as bad and will be more willing to work with you
Another one of life being unfair....

Well, I know what my credit score is. I don't have a home loan and most likely never will. And the last time I put money in the bank, the account was frozen on me. So this article is useless, for me anyway.

It's hard trying to maintain on a low budget. Alot of the damage done to my credit was due to hospital bills. In your everyday life you have rent, phone bills, gas bills, groceries...so many bills that you have no choice but to pay. And in being responsible and paying those on time, your still harming your credit score becasue you have these mile high hospital bills that need to be paid as well. It just really sucks. And it pisses me off when i see celebs in the news for filing Chapter 7 all because they wanted to purchase islands and expensive cars. It's crazy. Because you want to feel sorry for them, but you honestly cant. It's like "dude you had millions, are you serious??" smh