Is there a link between your income and credit score?
We do know that income, net worth, or available assets DO NOT factor into your credit score. In fact, FICO promotes sound information for consumers who want to understand what goes into their score and work to improve it, and they explicitly state that your income ... Continue Reading →
Let’s face it: we’re all trying to save a buck.
It’s also more of a necessity than ever, as more families are living paycheck-to-paycheck than ever before in the U.S., with an ... Continue Reading →
If you’re like most people, you may answer “Too much!” or “A truck-load!” without knowing an actual number.
But, thanks to a yearly survey by the Department of Labor, we can now account for each category of spending for the whole year, both in real dollars and as a percent of the overall budget.
In fact, it’s estimated that the average U.S. consumer spent a total of $49,638 last year, or $4,136.50 monthly and approximately $138 per day!
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