Money and Finance #59: Credit, Money Management, and Saving

Money and Finance #59: Credit, Money Management, and Saving

I had a basic understanding of FICO scores but didn't know it was also
impacted by the number of inquiries made.
I currently have a spending/budget plan in place. I found the process
to be fairly easy to accomplish- I maintain a monthly log of expenses and then
incorporate the weekly and yearly(usually quarterly) expenses. This system allows
me to track current payments and anticipate up-coming expenses. It gives me a quick
glance at what I can afford and progress of savings, too. I like the security of
knowing where everything is going.
I found the entire TCDRS site was user-friendly, especially the retirement
package they offer with important details for planning emphasized upfront.
Everything seems to be clearly spelled out to make sure all of the steps are
completed with minimal surprises.

Money and Finance #58: Banking, Budgeting, and Spending

Money and Finance #58: Banking, Budgeting, and Spending


I belong to a credit union that offers online banking. I like the fact
that I no longer receive statements in the mail, the convenience of access to my
account at any time, access to information in my "history", and the option of bill
payment online. I don't like the risk of someone being able to access my
information online but that is also a possibility with traditional transactions. My
credit union helps to secure my account by requiring 3 security codes and also
provides a pop-up indicating any unsuccessful (and then successful) attempts to
access my account. Also they will notify members of any breaches that may occur
concerning our accounts-most recently one involving Visa debit cards the end of last
year-thankfully mine was not involved. I only use my personal laptop to manage my
account and keep my security codes in a safe place.
The budgeting tools looked interesting but I prefer the my method of a
budget log-I've tweeked it over the years and find it easy to maintain and also very
portable. I use it to record monthly bill payments along with my check register to
monitor other expenses. I like the freedom of being able to use it anywhere and it
helps me keep track of when and where my money is going.
I found the advise in the Consumer Report article helpful. I'm planning
on speaking to my current cable company about a package deal to include an internet
connection. I'm also considering shopping around for a better deal on my
prescriptions. Actually, many of the expenses I've assumed to be pretty much set
might be more flexible-just need to do some homework on the choices. I think I may
be able to cut some current costs without out too much sacrifice.