It has been a couple of weeks since I stated my First Goal. So I have been able to get a good structure on how to achieve that goal. I worked with my wife and we have begun eliminating some of our less important spending.
So now is the time to begin on my Second Goal: to have a "good" credit score.
A couple of years ago, my wife and I went to a local appliance store to try to get a washer and a dryer. We talked with their in-house credit department and were told that we were not going to be able to purchase a washer and dryer on credit. To say that we were a little ashamed would be an understatement. I mean, a washer a dryer is not a car or a major luxury for a Middle Class American.
I hate buying things on credit. If someone does not have enough ready cash to purchase something, then maybe they shouldn't purchase something. I say this but I have credit card debt; I have a car that I am paying a monthly payment on; I need "Good" credit.
I do not understand Credit Scores. I know that not paying your bills will cause your Credit Score to go down, but what brings it back up again? For right now my goal is to do the following:
During the 2016 year, my wife and I will pay off at least 50% of our current debt and continue to pay our reoccurring debts on time.
I'll let everyone know how this goes.
