Ten Easy Ways To Improve Your Free Credit Score By Not Spending
by admin ~ March 30th, 2009 . Filed under: Personal Finance .
Financial experts say that the best way to improve your free credit score and credit report is by managing your finances carefully. Here are a few simple ways to cut down on your spending and improve your free credit score:
1. Whenever you buy anything, especially an electric or electronic appliance, don\’t get an extended warranty or service contract. Buy a good product — search the internet for reviews on the item before you buy, and make sure you buy your appliances from a retailer with a good reputation and who will stand by the product. It should come with a warranty, and if you bought from a good retailer, that warranty should be good enough.
2. Review the services you\’re subscribed to. Take your telephone line, for example — do you really need that speed dialing or caller ID service? That adds up to your monthly payment, and will cost you if you keep it for several years. If you don\’t use the service, you\’ll be saving a big amount and helping your free credit rating score by sticking to the basic phone plan.
3. If you need a new car, consider buying a second hand one. A brand new car depreciates by 20% as soon as you drive it out of the dealer\’s lot. You could find a very good second hand one for the fraction of the price of a new car, and because your amortization payment will be lower you can afford the payments and thus help improve your free credit report and score.
4. Many people buy exercise equipment and end up using it as a clothes hanger. If you\’re not using your exercise equipment, sell it – you can use the money to pay off debts and credit card bills.
5. Don\’t go shopping when you\’re hungry, bored, or depressed. You\’ll tend to buy things you don\’t need.
6. Shop during sales. If you\’ve been eyeing that really nice outfit or suit, the sale price could be from 30% to as much as 70% off.
7. Stop collecting credit cards. Too many credit cards will lead you into uncontrolled spending. Have one major card, and hide the rest in your drawer. To keep your free credit score up, use the card occasionally, like once every 3 or 6 months.
8. Cut down on water heating expenses by reducing the temperature of your water heater. That could take about 10% to 15% off your next bill.
9. When you go to the cinema, watch a matinee instead of an evening screening. Matinee prices are less than evening prices in many cities.
10. If you\’re a movie buff, buy or rent a video rather than going to the theaters. You\’ll save on per movie charges, and you\’ll be able to watch it again and again.
By finding ways to cut down on unnecessary expenses, you\’ll have more money at the end of the month to pay off bills, treat yourself occasionally even during a difficult economy, and raise your free credit rating and score. Click on the links to see how else you can improve your free credit score and repair your credit, and find other useful advice on credit restoration.
By: Jeremy Englewood
About the Author:
1. Whenever you buy anything, especially an electric or electronic appliance, don\’t get an extended warranty or service contract. Buy a good product — search the internet for reviews on the item before you buy, and make sure you buy your appliances from a retailer with a good reputation and who will stand by the product. It should come with a warranty, and if you bought from a good retailer, that warranty should be good enough.
2. Review the services you\’re subscribed to. Take your telephone line, for example — do you really need that speed dialing or caller ID service? That adds up to your monthly payment, and will cost you if you keep it for several years. If you don\’t use the service, you\’ll be saving a big amount and helping your free credit rating score by sticking to the basic phone plan.
3. If you need a new car, consider buying a second hand one. A brand new car depreciates by 20% as soon as you drive it out of the dealer\’s lot. You could find a very good second hand one for the fraction of the price of a new car, and because your amortization payment will be lower you can afford the payments and thus help improve your free credit report and score.
4. Many people buy exercise equipment and end up using it as a clothes hanger. If you\’re not using your exercise equipment, sell it – you can use the money to pay off debts and credit card bills.
5. Don\’t go shopping when you\’re hungry, bored, or depressed. You\’ll tend to buy things you don\’t need.
6. Shop during sales. If you\’ve been eyeing that really nice outfit or suit, the sale price could be from 30% to as much as 70% off.
7. Stop collecting credit cards. Too many credit cards will lead you into uncontrolled spending. Have one major card, and hide the rest in your drawer. To keep your free credit score up, use the card occasionally, like once every 3 or 6 months.
8. Cut down on water heating expenses by reducing the temperature of your water heater. That could take about 10% to 15% off your next bill.
9. When you go to the cinema, watch a matinee instead of an evening screening. Matinee prices are less than evening prices in many cities.
10. If you\’re a movie buff, buy or rent a video rather than going to the theaters. You\’ll save on per movie charges, and you\’ll be able to watch it again and again.
By finding ways to cut down on unnecessary expenses, you\’ll have more money at the end of the month to pay off bills, treat yourself occasionally even during a difficult economy, and raise your free credit rating and score. Click on the links to see how else you can improve your free credit score and repair your credit, and find other useful advice on credit restoration.
By: Jeremy Englewood
About the Author:
Jeremy Englewood is a credit manager and writer with over fifteen years’ experience in the banking industry. His sensible and practical advice on personal finance topics have provided inspiration to people who want to establish or repair their credit. You can read more of his articles at HowToEstablishGoodCredit.com
Corinna Brasswell
