One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
One of the most common questions I get is this: “I finally paid off my credit card… should I close the account?” A lot of people assume the answer is always yes. You paid it off, you’re done, close it and move on. But it’s actually a little more than that. Closing a credit card can affect your credit score depending on your situation. One of the biggest things it can impact is your credit utilization, which is how much of your available credit you’re using. When you close a card, your total available credit can drop. If you still carry balances on other cards, that can cause your utilization percentage to go up, which can affect your credit score. Another factor is the age of your credit history. Older accounts can strengthen your credit profile, so closing a long standing card isn’t always the best move either. But there are also times where closing a card makes sense. If it has a high annual fee, encourages overspending, or represents a financial habit you’re trying to leave behind, keeping it open just for the sake of your credit score might not be worth it. This is why I always say your financial behavior matters more than the number attached to your credit report. Paying off a credit card is a huge step forward. Whether you keep the account open or decide to close it, that progress is something to be proud of. If you credit score does drop a little, it’s temporary and usually goes back up! If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #creditscore #creditcards #personalfinance #debtfreejourney #financialliteracy
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
I will never be one of those people who builds a successful business and then turns around and creates courses or coaching programs teaching others how to do it. That’s just not where my passion is. But building my small businesses completely changed my life. And because of that, I do want to encourage and motivate other people who feel that same pull to build something of their own. Not in a way that glamorizes it. Not in a way that ignores the hard parts. But in a way that helps people do it responsibly and with more knowledge than I had when I first started. If you liked this post, make sure to save or comment so I continue to show up in your feed. Follow @thebudgetmom for more! #smallbusiness #smallbusinessowner #entrepreneurlife #startabusiness #sidehustle
