When it comes to your finances, your credit score can be a big deal.

A good credit score can mean big savings (or costs) if you take out a loan. Good credit can also mean lower costs when you get car insurance in some states.

If you have good credit, you’ve worked hard to manage your finances and your loans in a way that shows you are responsible. You are proving that you are a solid risk.

But what happens if you slip up? How much could that ruin your score?

According to Equifax, the damage affects different people differently. One late payment will affect a person with a lower score, but it’ll have a much bigger impact on someone with a really high score.

That’s right: if you have great credit now, a mistake could mean a bigger hit to your credit score. Someone with mediocre credit won’t see the same impact as the result of a mistake.

Do you have an excellent credit history and want to keep it that way? Here are some things to avoid if you want to keep that credit score in the good to excellent range:
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Are you thinking of hosting Thanksgiving this year? Wouldn’t it be awesome if you could throw a dinner party without busting your budget? Well, good news! You don’t need to spend a ton of money to host an amazing Thanksgiving dinner party. In fact, spending too much on dinner can suck the joy right out of it.

Thanksgiving is a season for thanks and a time to appreciate each other, so there’s no need to lavishly spend money. There are only a few weeks left until Thanksgiving Day, so start planning now.

Doing so will ensure you have a frugal and fabulous Thanksgiving dinner celebration. Use these tips to host a Thanksgiving party without busting your budget.

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findingPoor people try to find the best deal. Rich people have better things to do.

At least as far as small purchases are concerned.

Think about it. Many poor and middle-class people do anything they can to save a buck. They clip coupons, drive across town to get $5 off, wake up incredibly early for Black Friday sales, and spend hours online trying to see which website has the cheapest Keurig coffee machine knock-off.

On the other hand, could you imagine a wealthy person doing this? Probably not. It’s not that wealthy people don’t like a great deal. They just understand what is and what isn’t worth their time. They also understand the 80/20 rule.

So for starters, rich people don’t really care about saving a buck here, $20 there. They understand that if something is really a lot cheaper, it will usually come with a catch. And sure, some stores have loss leaders but those items usually take a lot of time researching to discover when they are coming and you also must need the item when it comes up for sale. Rich people understand that the effort expounded to save a small percentage of the regular purchase price usually isn’t worth the time and stress.
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Every year, the threat of contracting the dreaded flu bug looms large. And even though COVID is all anyone talks about these days, the flu season is in full swing and affecting us all. Can you afford to risk getting sick? Thanks to the government, most of us know that getting a flu shot is the best way to avoid getting the flu. But for many people, the threat of any sickness pales in comparison to facing the needle, while others are allergic to the flu shot medium and have no choice but to forgo the yearly vaccination.

Finding yourself in the no-flu-shot camp may not be ideal, but you can still take steps to minimize your risks of getting the flu. As a registered nurse, I have come to learn a few tricks you should know about when it comes to avoiding the flu. Here are a few easy ones to follow:
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slip up
Most credit card flipping sites and fan forums boast the benefits of cashing in on multiple, new credit card offers, but very few experienced flippers talk about the financial dangers that can occur. The stories from experienced flippers are appealing. Daraius Dubash, the expert behind Million Mile Secret, has visited over 30 countries paying virtually no money because of his credit card rewards.

Free airfare and hotel stays just for signing up for new credit card bonuses – what could go wrong?

The Dangers of Credit Card Flipping

While many have been successful at credit card flipping, not all should pursue it. Keep these issues in mind before filling up your wallet with the latest credit offers.
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Job security. Despite recent improvements in the employment situation, this remains an issue of concern for many Americans.

Are You Worried About Your Job?

If the pandemic taught consumers anything, it’s that your job isn’t as secure as you would like. Layoffs can happen to almost anyone. And, even if you’re not laid off, your hours could be cut significantly, or you could face a furlough. These are situations that result in lower earnings from your job. With many Americans concerned about job security, reduced hours, and unpaid leaves, the country is increasingly becoming the “have” and “have-nots”.

If you’re worried about your job, it makes sense to do what you can to prepare yourself and your finances for the possibilities of a layoff or hours reduction.
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