6. A credit cleanup. Maybe you’re a financial rockstar buying and selling condos at age 22, but if you’re like most girls in their 20’s and 30’s, home ownership and good credit are the results of several years of hard work and dedication to fabulous credit. It might seem like a daunting task, but here are a few simple ways to guarantee yourself a bright financial future.
-Contribute 5% of every single paycheck to an untouchable savings fund. Until you buy a home, consider that money gone. It’s not for vacations, dream weddings, helping a friend, or anything else. It’s your future we’re talking about.
-Limit the number of credit cards you have. Seriously, no girl needs 7 credit cards. Get it down to 2-3 at the MOST. Make sure your cards come with benefits you actually use. Pay down the balances every month.
-Don’t live beyond your means. Your mortgage payment should be 28% or LESS of your total income, and your rent should be even less than that. If you’re spending half your paycheck on rent, you’re over extended.
