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How Many Credit Cards Are Too Many?
Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
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Using Credit Cards to Help Your Side Hustle
Running a side business can be a good way to make ends meet and even build for the future. Extra income from a side hustle is useful for paying bills and, if substantial enough, enhancing your savings. And there’s always the potential for it to become a fulltime venture, granting you more independence and freedom as a small business owner.
Hand-in-Hand: The Relationship of Income and Credit
A friend of mine who recently scored a better-paying job remarked that one of the things he was looking forward to about his hiring was that his credit would improve. He couldn’t wait for the bump he believed his credit score would get from his new higher income.
Preparing a Plan for Paying Back Student Loans
Student loans are a hot-button topic these days. As of 2019, 44.5 million borrowers owe a total of $1.5 trillion, and the average borrower graduates owing $28,650. Most people can’t repay a debt like this immediately, but don’t despair. The good news is that graduates with a four-year degree earn an average of $399 more per week than those with some college but no degree, which should make it easier to pay off those loans. With some patience and pre-planning, you should be able to pay back your loans and meet your other financial priorities at the same time.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.