Prime Rate Credit

The fourth tip I have for improving and maintaining a good credit score is to create a set spending budget for every month, considering what you plan on bringing in for that month (this usually doesn’t change for most salaried people, but may change if you are a commission employee or a salesperson of some sort).

Sit down, with your spouse or your family if you have one, or just yourself if you don’t and write down all of your earnings, after taxes, that you will definitely make for that month. If you have money that may be coming to you that month, but it is not a sure thing, do not include this at this point.

The point here is to make sure you can budget what you will spend on any line of credit or credit card, so that you may pay the balance off in it’s entirety for that month. This is important if you want to remain as debt free as possible.

There are going to be times when this just isn’t possible I realize, but the more strict you can be with your credit spending guidelines, the less stringent you have to be at the end of the month when it comes time to pay that credit card balance off. If you can’t then we all know what that leads to : Stress and Anxiety, which we can all do without.