HerMoney Classic: Achieving The Perfect Credit Score

HerMoney with Jean Chatzky

If you listened to this week's episode with Michelle Singletary, personal finance columnist at the Washington Post, you know just how smart she can be about saving and investing, for her goals and for her family's long-term goals.

You probably also won't be all that surprised to learn that a few years ago, she achieved something many of us can only dream of. She woke up one morning and she found that she had the elusive perfect credit score of 850. Listen in to hear how she did it.

Chapters:

00:00 Introduction

06:00 Living below your means

09:00 Balancing college plans and retirement

14:00 The 21-day financial fast

Takeaways:

• Achieving a perfect credit score means paying all your bills on time and maintaining a very low credit utilization.
• Prioritizing financial goals over lifestyle spending will allow you to save aggressively.
• A 21-day "financial fast" helps you avoid non-essential spending.

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Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.

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