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July has been a busy month for Americans. They have been enjoying barbecues, baseball parks, and beaches during the hot summer days. Forbes estimates that these American summer traditions took more than $3 billion out of wallets all across our great nation on the fourth of July alone. $600 million of those expenses were in fireworks. Americans may be having fun, but they are still spending and having to pay the bills.

july round up building creditOn top of usual monthly expenses, many summer budgets take on even more to accommodate for fourth of July fun. Whether you’re paying for a special summer vacation or just another month’s rent, you will want to use those credit cards wisely and pay the bills on time.

In addition to a focus on using those cards within the monthly budget, this roundup includes some spotlights on building credit using credit cards and checking your score for the long run. Everyday spending can contribute to lifelong savings when you pay attention to your credit score and take care how you build it.

How to Use Credit Cards Wisely from PTmoney.com

This article recognizes that credit cards can be complicated tools, but they can still be successfully used with some relatively simple rules. No fluff and a well-prioritized list make this a great article for anyone looking for just the basics. With so many Americans struggling with debt, it is hard to justifiably undervalue basic credit card rules. Rule 1: pay off the balance every month no matter the card. After this is consistently followed, then look for rewards. Reordering your credit goals can help you not be disappointed with your cards.

How to Build and Use Rockstar Credit from BeatingBroke.com

Everyone wants to be a rockstar. Instead of associating the topic of checking your credit score with a boring nerd stigma, think of being a credit score rockstar! Maybe more people would realize the value of building and checking their credit if they felt the rush of being on stage while it’s happening. Since that’s not going to happen, think of the credit bureaus as adoring fans. Having a good payment history will give you a rockstar reputation in their eyes, and you will be able to make some big savings on interest rates as a result.

Credit Score Scale: What is a Good Credit Score from GoodFinancialCents.com

You may be building your credit score, but what is a good goal to reach? Jeff Rose explains that 620-700 may get you approved, but keep building to a 720 and beyond to be in the best range. Reaching these goals won’t happen overnight. Jeff explains that it took him a couple years and buying his first home to ensure that his score moved past his goal of 740.

Some of the subtleties of your credit score are also explained. Making sure you know your real FICO score rather than a consumer education estimate is a must when setting expectations for interest rates. Don’t get caught relying on a credit score that isn’t yours.

july building credit round up

3 Signs of a Great Go-To Rewards Card from Credit.com

Rewards credit cards are the most common type of card available. Consumers sign up hoping to take advantage of a percent back on purchases, and this article helps them get the most by making sure that they consider interest rates and fees as well as concentrate their rewards in a common spending category. One tip that stands out is that rewards programs should be straightforward. Too much confusion from rewards limits and expiration dates will kill the effectiveness of a rewards program.

7 Money Mindset Myths That Are Keeping You Poor from MoneyNing.com

It has been said that a penny saved is a penny earned, but this article challenges that oversimplified conception of finances. Investing may take some risk and money that could have been saved, but wise investing is better for financial security than simply saving pennies and dollars here and there. Building credit will take some wise spending and investing overtime. It can pay off with better interest rates and better overall financial security.

The Myth of Get Rich Quick from FreeFromBroke.com

Many people have bought the dream that getting rich quick is hidden within a few simple steps or investment ideas. Too often people use credit cards for a get-rick-quick lifestyle rather than to pay their expenses responsibly. Credit cards and credit card rewards are not a way to experience wealth beyond your means, but a means to managing your wealth.

As Americans have fun spending on summer vacations and staying cool in the heat, they will want to spend wisely. It is always a good time to be building credit and finding the best credit cards and interest rates available. Whether you are looking for a card to rebuild your credit or earn the best rewards, use our credit card chaser to compare your options!

 

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

3 Responses to “July Round Up on Building Credit and Using It Wisely”

  1. Glen Craig says:

    Thanks so much for including our article on get rich quick myths!

    • Mac says:

      Thanks for addressing the topic on your site! I hope some more people will check it out. Keep up the great content.

  2. Thanks for sharing the article on round up on building credits and using it wisely. The myth section of the article is great indeed which cover all the essential points indeed. Keep posting.

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