Entries by Elyssa Carlos

What is an Authorized User on My Credit Card?

Credit cards have become an indispensable tool in modern-day financial management, offering convenience, security, and various perks to cardholders. Yet, amid the many features and options available, the concept of an “authorized user” often raises questions and uncertainties for many credit card holders. What exactly does it mean to have an authorized user on your […]

Credit Cards in College: Is It Worth It?

Entering college marks a significant transition into adulthood, and with it often comes the opportunity to establish credit accounts. For many students, this is the first time they encounter financial independence and the allure of credit cards or other lines of credit. However, like any financial decision, there are both advantages and pitfalls to consider. […]

Should I Put My Tax Refund Towards Savings or Debt?

As tax season ends, many individuals find themselves with a welcome financial windfall in the form of a tax refund. Whether it’s a modest sum or a substantial amount, the question arises: what’s the best use for this money? Should you channel it into your savings or use it to pay off existing debts? Let’s […]

When Can I Retire?

Retirement is a significant milestone in one’s life, representing the culmination of years of hard work and financial planning. However, determining when you can retire depends on various factors, with your financial situation playing a crucial role. While some dream of early retirement, others may need to work longer to ensure financial security. Here’s a […]

How to Combat FOMO Spending

In the age of social media and constant connectivity, the fear of missing out (FOMO) has become a significant influence on our spending habits. Whether it’s seeing friends post about their latest purchases, influencers showcasing luxurious lifestyles, or advertisements bombarding us with deals and trends, FOMO can lead to impulsive and often unnecessary spending. However, […]

How to Stay Debt-Free 

In today’s world, where easy credit and consumerism often tempt individuals into accumulating debt, staying debt-free has become a significant financial goal. Whether you’re managing student loans, credit card debt, or mortgages, freeing yourself from debt not only provides peace of mind but also sets you on the path towards financial stability and freedom. Here […]

Navigating Finances When Faced with Unemployment 

Unemployment can strike unexpectedly, leaving individuals and families grappling with financial uncertainty. In such challenging times, it is crucial to approach the situation strategically and make informed decisions to weather the storm. This article aims to provide guidance on what to do financially if you suddenly find yourself unemployed.  Assess Your Finances  The first step […]

What is a Credit Utilization Ratio? 

Credit utilization ratios play a crucial role in shaping an individual’s credit score and overall financial health. Understanding and managing these ratios is essential for maintaining a positive credit profile and accessing favorable financial opportunities. In this article, we will delve into what credit utilization ratios are, why they matter, and how individuals can optimize […]

Financial Moves to Avoid During Economic Uncertainty

In times of economic uncertainty, individuals and businesses alike may find themselves facing financial challenges and tough decisions. While it’s natural to feel the urge to take drastic measures to protect one’s financial well-being, it’s crucial to make informed and strategic choices. This article explores financial moves to avoid during periods of economic uncertainty, aiming […]

How to Negotiate with Credit Lenders

Negotiating with credit lenders is a skill that can save you money, alleviate financial stress, and foster a healthier credit relationship. Whether you’re facing unexpected financial challenges or simply seeking better terms, effective negotiation can make a significant difference. In this guide, we will explore strategies and tips to help you navigate the world of […]