Don’t believe everything you hear, especially when it comes to money.
It’s a shame that financial literacy wasn’t a required class back in school; it may have saved some consumers from being burdened with the national average of $7,526 in credit card debt and a whopping $28,425 in student loans, according to recent Credit Karma data. Most of us figured out how to handle money and juggle our finances thanks to a combination of parent’s advice, friends’ habits, and learning from our own mistakes.
Along the bumpy learning curve of financial literacy, consumers pick up some misinformed advice and bad habits when it comes to money. Did you ever hear someone tell you that you should keep a balance on your credit card? How about the myth that you’ll hurt your credit score if you check it? Credit Karma is debunking these myths and setting a few facts straight about credit, so you can learn the right way to establish a good financial foundation. Continue Reading…
