Daily Juice – Paying Attention to your Credit Score
Welcome to the Daily Juice Show, where we discuss just one “ingredient” of the complex money topics you face.
We all heard about keeping an eye on credit reports, checking it often to know what our score is, but have you wondered why to do that?
In today’s Daily Juice, let’s talk about that. Here’s the Why:
- Encourages financial responsibility – By monitoring your score you will be forced to look at your money and credit obligations regularly. It’s a subjective measure that changes based on your financial activities. This check-in will help you practice the habits that will make you more responsible with your finances.
- Allow access to financial opportunities – if you stay on the top of your credit score you will be able to secure cheap financing. Also, potential employers look your credit report.
- Warns about identity theft- If you check your report regularly, you can prevent someone using your personal information to create accounts in your name.
Until next time, remember: It’s your money, and your future wealth, just one sip at a time.