Moneymentals | Our Blog

How Do I Check My Credit Score and What Does It Mean?

credithistoryToday’s economy of convenience often involves two-for-one offers, package deals and add-ons. You can almost always get French fries with your order! Along these lines, you might assume you’ll receive your credit score with your credit report—but not so.

This blog is the follow-up to How Do I Check My Credit Report? Your credit report is different from your credit score. Your report lists your payment history with individual creditors. Your score reflects how creditworthy you are based on that track record and other factors.

How to Get Your Credit Score

Your credit report is free, but there’s a small fee for your credit score. When you receive your credit report, you’ll see an offer on the report to purchase your credit score for approximately $10 or less. Simply respond to that offer to get your score.



That’s So Money: Cheap Travel Edition

bringitYou know the only thing that makes me sad when I read these inspiring posts of people getting out of debt, or paying off their mortgage by the time they’re 35, or other amazing accomplishments?

The part where they say they didn’t go on any vacations.

Beans and rice, not buying any clothes, making my own coffee. None of these things phase me but tell me I am stuck in a location for an indefinite period of time and I start pacing around like one of those tigers in a zoo. It’s not pretty.

Part of our two year plan (I say ‘our’ because I am technically half of a couple which involves some discussions and compromise) involves saving for a vacation, even though it means paying down the home equity loan slower than we thought. It’s not a decision many personal finance folks would agree with but it’s going to work for us. We only need to finalize the destination and target date so we can start saving, even if it means $100/month to go. (I did that for five years and went to London and Bosnia for three weeks last year).

Am I going to wait another five years? Heck no, even if it means a less ambitious vacation. Hence saving to go somewhere within two years.



That’s So Money: Summer Slacking Edition

iStock 000016945589XSmallSummer can get the best of anyone, even those of us normally considered ‘on top of it’. Something about the heat frying your brain and the long days that give you that false sense of endless time to be able to do it all later...

In any case, this time of year, I can occasionally forget to return a library book or otherwise do something that needs to get done. But financially, I have set myself up to slack by automating payments, being on a budget, and taking the time to take care of myself.

Personal finance bloggers are all about this idea of not thinking all money all the time. They slack too! Here’s some of their best advice from this past month: