Once thats done, you’ve got the option to actually take the steps to accomplishing it.
Here are some starting points.
The second factoramount owedis a bit more complicated.
Its based on your credit utilization, or how much of your credit limit you use.
Its good to have a mix, but dont apply for a mortgage to boost your credit.
you could use this letter format provided by theFederal Trade Commission.
The bureaus must respond to you within 30 days.
Save More
Wevetalked a lotabout savingthe past few days here on Two Cents.
Particularly if you work in the gig economy, accumulating cash is a necessity to give yourself more freedom.
Now is the time to actually do it.
You could set an automated weekly transfer (or one each paycheck) and forget about it.
If you already have that, increase it by $5.
You could also do some sort of challenge, likethe 52 week challengethat Lifehacker wrote about in the past.
You could use anapp to savefor you.
If youre self-employed, open an IRA (or a Roth).
If you already have one, again, increase the amount youre contributing.
Heres agreat table from NerdWalleton how seemingly small fees add up over time.
You want to start saving young so your money compounds, but remember fees compound, too.
(Havent started investing yet?
Read ourbeginner guideto get going.)
Thats where fee-only financial planners come in.
The fee structure itself is dependent on the planner.
Some charge an hourly rate, a retainer fee, or a percentage of assets.
You canfind one here.
You cant afford to wait any longer.
It also offers some solid tips on cutting and negotiating costs.
