Credit Scores

A credit score is basically is number that tells banks and loaners how good you are at paying back money on time. Maintaining a good credit score is harder than is may seem. It is good to try not to spend more money than you can pay back at the end of each month. Not paying your credit card bill in full every month can negatively affect your credit score. Having a credit card is not all bad with some credit cards you earn rewards points for different thing by spending money which can also better your credit score.

Renting &Owning

Renting and Owning are two total different things. In some cases Renting is more convenient then owning, but in the long run owning something is more beneficial. I learned that when you own something it is yours to keep or sell,but most of the time when you go to sell it will be of less value. I also learned that when renting something it is not yours so that means  most of the time it will be under a lease which is a form of agreement stating you will keep it good condition and if not you will have to pay a fee. Renting and Owning can become tricky on which to choice but you
should make the best choice for your financial situation

What I Learned About Managing Money

I learned a lot about managing money over the past couple of months. One thing I learned about managing money is that budgeting is a very important factor, This is because when dealing with money it is easy to spend all your money at once with nothing to show for it. Another thing I learned is that saving money is very beneficial in the long run, when getting a job you should open up a 401k  savings account so that a percentage of you check gets taken out for when you go to retire in the future because its hard for live off of social security. Having control and knowledge over your money is the key to surviving to world of finances.

Insurance

Insurance is very important to have if you don't want to go into financial debt whether on accident or purpose. Having insurance is not required for some things but it is for most such as having Auto insurance in the state of New York. It is often that insurance company's charge younger inexperienced drivers a higher rate because they are considered a liability. having insurance is a very productive choice.