Financial Advice for the New Year!

ID-100124223The New Year is upon us and with it comes the mandatory resolutions so closely associated with the beginning of the year.  Whether it’s to renew that gym membership with the promise of a regular exercise schedule or getting to bed on time every night, new beginnings are what the New Year is all about.  Here’s one that should be on everyone’s list; improving your credit score.

Auto Credit Express has brought to light an article that the AFSA Educational Foundation put together to help people better manage their money in order to give their credit rating a helpful boost.  Here are a few choice things you can do to help get you on the right track.

Choose a month to look at how you’re spending your money.  You want to do this in order to see exactly where your paychecks are going to.  See if you can spot places where there is unnecessary spending.  This information can make a more realistic budget and provide a bigger and better picture for a monthly budget.

One tip that I can’t stress enough is that you should obtain a copy of your credit report in order to know where you stand.  Knowing that credit score is necessary to know what needs to be done.

Always make sure to make more than the minimum on your credit cards.  Pay it in full if you can, but if that’s not a choice than anything additional you can pay down is a bonus.  Be it just 5 extra dollars or as much as $50, it helps you get to the end goal of no more debt even faster.

Taking charge of your finances is the best way to ensure that you don’t encounter credit problems in the future should you choose to apply for an auto loan.  There’s plenty more tips provided that should give plenty of help, so make sure to check them out.

Looking for a car and you’re in the Queens area?  You’re in luck; we here at Bayside Chrysler Jeep Dodge want to meet with you.  We love to say yes here.  Stop on by and see how we can help you get the vehicle you need to make 2013 the best year ever!  Pay our Facebook page a visit as well as our Twitter and stay up to date with more credit tips and offers!

Image courtesy of Stuart Miles / FreeDigitalPhotos.net