January 22, 2021

Something that’s been bothering me for a while is the fact that people really be…


Something that’s been bothering me for a while is the fact that people really believe that they need to carry a “small balance in their credit cards, instead of paying it off in full. This is a lie! 😲⠀

Leaving a balance on your #creditcard does not affect your credit score. What does affect your it is your utilization (or how much of your credit limit you are using). Carrying a balance month over month will only make you pay interest and potentially keep your utilization high and could ACTUALLY be hurting your credit score. 😐⠀

If your goal is to be completely debt free, and credit score is something you don’t care about, this may not apply. 😉⠀

Let’s discuss in the comments. 💬⠀

—— Follow: @spacecitymoney for more ——⠀

Share with a friend! 👩💼👨💼⠀

⚠ I am not a financial advisor, the information provided is for educational and/or entertainment purposes only. ⚠⠀

#SpaceCityMoney #moneysavingideas #sp500 #spending #PersonalFinance #moneymotivated #daytrader #wallstreet #millionairemindset #investment #business



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