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Home > Women & Money: Month Two

Women & Money: Month Two

March 23rd, 2007 at 07:11 pm


The second month of
Text is Women & Money and Link is http://www.amazon.com/Women-Money-Owning-Control-Destiny/dp/0385519311/ref=pd_bbs_sr_1/102-7986542-9148942?ie=UTF8&s=books&qid=1174676641&sr=8-1
Women & Money focuses on credit cards and your FICO credit score.

Suze's aims in this chapter are for women to:

- have 1 credit card in your name only
- check your credit card statement every month
- avoid extra fees and high interest rates
- make it a goal to pay your credit card bill in full each month
- know the difference between good and bed debt
- have a plan to pay off old credit card balances you've been carrying
- understand how important a good FICO credit score makes in your financial life
- learn how your credit reports work
- check your credit report annually

My Chase Freedom card that I use for gas, groceries, and utilities is in my name only. I also pay the balance off every month. I check it on-line several times a month to make sure that charges are mine and nothing else has been charged. It has no fees and no interest for a year.

I have a set amount of money that I pay on the Discover card each month to get that paid off ASAP.

I learned the difference between good and bad debt in my Personal Finance class last year and I know the importance of a FICO score. Last year I ordered a credit report and got my FICO score. Wish I still remembered what it was, but at that time it meant little to me so I didn't pay much attention.

I need to work on learning more about how my credit reports work and need to remember to check them at the end of the year.

3 Responses to “Women & Money: Month Two”

  1. glammah Says:
    1174683314

    Have you joined the TD Ameritrade thing? $50/month

    I just joined and will be making my first deposit very soon; I have to buy the book this weekend.

  2. Aleta Says:
    1174688354

    Thanks for keeping us up on the book. Sounds like you're enjoying it and the process.

  3. rduell Says:
    1174772003

    Hi glammah! Yes, I opened a TD Ameritrade account the very first day it was available.

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