Taking Control of Your Finances

With the way the economy is going down these days, it is more important to take control of one's finances, especially debts. One of the main problems that people have is how little they know about their finances. Some people don't know what affects their credit score or even what their credit score is. There are a lot of websites in the internet that has this information but not all of it is easy to navigate. There is a website I saw called http://www.bills.com/ and they have a quiz which anyone can take that will test their financial knowledge. This Bill IQ quiz is free and you don't have to register to take it.

I took the Bill IQ quiz myself and scored a little above average for my demographic. The nice thing about this quiz is that at the end, it gives you the best answers and a detailed explanation about it. I learned that it is recommended that one's will should be updated every three years just in case circumstances have changed.

It is also advisable according to this website toConsolidate My Debt
. We should all be aware of the interest rates of the credit card that we use. If you carry balances in your credit cards, this website advised that you should pay the card that has the highest interest rate first. This will save you a lot of money in the long run. It is also better to pay off the entire balance each month if you can afford to do so.

To improve your credit score and financial IQ, visit http://www.bills.com/

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