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cover of episode HerMoney Classic: Achieving The Perfect Credit Score

HerMoney Classic: Achieving The Perfect Credit Score

2024/11/8
logo of podcast HerMoney with Jean Chatzky

HerMoney with Jean Chatzky
AI Deep Dive AI Chapters Transcript
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J
Jean Chatzky
M
Michelle Singletary
Topics
Jean Chatzky: 本期节目讨论了Michelle Singletary获得完美信用评分的经验，以及她如何通过财务规划实现子女教育和退休储蓄目标。她强调了信用评分的重要性，以及如何通过合理的财务管理来提高信用评分。 Michelle Singletary: 获得完美信用评分的关键在于按时支付所有账单，并保持极低的信用利用率（1%-2%）。为了实现子女的大学和研究生教育目标，以及自身的退休储蓄目标，她与丈夫选择过着低于其收入水平的生活方式，并严格控制各项开支。他们将额外收入全部用于子女的教育基金，并通过提前规划和投资，确保自身的退休储蓄不受影响。他们还分享了21天财务禁食法的经验，该方法能够帮助人们减少不必要的开支，并重新审视自己的消费习惯。 Michelle Singletary: 如果错过了早期储蓄，也不要惊慌，可以通过调整策略来弥补。可以考虑选择更经济的教育途径，例如先读两年制社区大学再转学到四年制大学。同时，要与子女进行沟通，并帮助他们理解和接受现实情况。

Deep Dive

Chapters
Michelle Singletary discusses how she achieved a perfect credit score of 850, emphasizing the importance of paying bills on time and maintaining a low credit utilization ratio.
  • Michelle achieved a perfect credit score of 850.
  • She pays all her bills on time and maintains a very low credit utilization ratio.
  • Michelle's grandmother taught her the importance of timely bill payments.

Shownotes Transcript

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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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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