Million Dollar Financial Tips From Credit Karma’s Bootcamp

**Welcome to Extra Fun Fridays here at Credit Karma Bootcamp: Your 31-Day Credit Health Plan.**

Credit Karma Bootcamp is finishing up next week, and we really hope its been a helpful last three weeks of advice on ALL THINGS CREDIT. In case you missed it, here’s a list of the top 15 helpful tips from CK Bootcamp so far.

Think of this as your cheat sheet or Cliffs Notes for better credit fitness. You can spare the next 6 minutes reading through and picking up what could possibly be a million dollars-worth (think of all the money you’ll save with better credit!) of our best of the best financial tips from CK Bootcamp.

5 Minute Mondays

  1. Simulate how certain financial actions can affect your credit score in Credit Karma’s totally free Credit Simulator. The Credit Simulator takes your actual credit score and predicts what your credit score could look like after certain financial moves. Takes only 5 minute to add points to your score! Score Points On Your Credit Score in 5 Minutes

  2. You like the good stuff—airline miles, travel packages, shopping sprees, gift cards, and rewards points. But if your expensive taste also tends to rack up high credit card balances, you’re better off with a spendthrift type of card that is simple, essential, and affordable. Find the Right Credit Card in 5 Minutes
  3. Researching and figuring out how to lower the cost of your home may sound daunting, but Credit Karma’s MySavings dashboard makes it easy to find the best savings for you. You can save tens of thousands of dollars. Save Money On Your Mortgage in 5 Minutes

Top Ten Tuesdays

  1. On finding the right credit card for you: Another great tool available online is the power of public opinion. Plenty of sites offer reviews of credit cards, user-submitted and written by bloggers or staff members alike. 10 Must-Read Credit Card Reviews

  2. Carry cash. Or at least a debit card. Having a credit card is convenient and good for emergency financial situations, but don’t rely on credit as your only way to spend. 10 Ways To Make The Most Of Your Credit Cards
  3. Everyone wants to score cheaper gas. Take the guesswork out of looking for it by going to BillShrink.com and using their Gas Station finder. 10 Ways To Save Money On Your Car You Must Try

What To Know Wednesdays

  1. On when credit scores change: The takeaway here is to remain diligent in your positive credit actions, and watchful of negative credit actions that could impact you later. Also, your score shouldn’t be constantly fluctuating (unless it’s constantly improving), so don’t worry if it isn’t changing every time you check your score. Three Biggest Credit Score Questions

  2. What You Were Told Wrong About Credit… everything is set in stone. Not true; if you have good credit, you can negotiate terms and lenders may be willing to work with you to keep you as a customer. What You Were Told Wrong About Credit
  3. Credit score algorithms are calculated so that as you are building your credit score, it is more and more difficult to raise your credit score the higher it is; also, the higher your credit score, the more damage a negative action will have. Beyond The Basics: 4 Tricky Rules of Credit to Master

Do Today Thursdays

  1. Poor credit isn’t a lost cause, so start now to deal with the past, present, and future of your credit health. For most consumers, doing the above can lead to a 100-150 point increase in 3-6 months. Poor Credit Score? 3 Ways To Build Or Rebuild Credit

  2. You may have very few credit lines available at this point in time, so it is crucial to establish a credit line and manage it wisely. Secured credit cards are a good start because they have guaranteed approval and help build your credit. Fair Credit Score? 3 Good Credit Habits To Start Now
  3. More credit cards aren’t necessarily better; seek to slowly diversify your credit lines in a way you can still effectively manage without going deep into debt. Plan ahead for when you plan to take out a personal loan, auto loan, and mortgage to make sure you can afford to keep up with these debts, and space out the inquiries. Good Credit? 3 Strategies to Move Up to Excellent Credit

Fun Stuff Fridays

  1. Step back and look at the bigger picture–its not about getting a perfect 850 credit score. It’s about focusing on your overall credit health and gaining a better attitude about your financial situation. A Snapshot of Everything Credit

  2. Have you ever been shopping for something in a brick and mortar store, picked up the item you want, and wondered, “Can I get this cheaper somewhere else?” SaveBenjis lets you check an extensive database of real time prices and returns for what the item may cost elsewhere. 5 Money Management Apps You Might Not Be Using Yet, And Why You Should Be

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Credit Karma Bootcamp: Your 31-Day Credit Health Plan

Throughout October, Credit Karma Bootcamp gives you daily information on what you need to make wise, credit-savvy decisions when it comes to credit cards, mortgages, insurance, loans, and most importantly, ALL THINGS CREDIT.

Follow along to get financially fit and credit healthy.

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October 22, 2010 • Tags: Bootcamp • Posted in: Credit Cards

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