Category: Blog

Can Your Credit Limit Decrease?

Have you ever had your credit card denied only to find out that your credit limit had been lowered? According to the Fair Credit Reporting Act, the credit card issuer can lower your limit at any time, and they are not required to notify you ahead of time. The most common reason a credit card […]

Home Improvement Projects: DIY or Pro?

If you have a home improvement project, should you do it yourself (DIY) or hire a pro? Even if you’re handy with tools and think you can save money, consider these factors first. Check the time Determine the time needed to complete a project. It can be easy to misjudge. Take painting, for example. It […]

Freezer Tips for Smart Savers

No one likes throwing away food, especially if you’re trying to save money. But what do you do with those fresh string beans you got on sale that may not get eaten before they go bad? Freeze them. Follow these handy tips and you’ll be able you to enjoy your favorite foods for months. Vegetables […]

Four Year-End Tips for IRA Owners

As the year comes to an end, here’s advice that can save you money, help you avoid penalties, and ensure that your IRA (individual retirement account) proceeds are distributed as you wish. Have retirement questions or need investment advice? Contact Steve Ellsworth, Wealth Advisor with Extra Credit Investments, at sellsworth@lpl.com or (586) 276-3108.

How Many Credit Cards Should I Have?

If you’re trying to build credit or boost your credit score you might be wondering if there is an ideal number of credit cards to have. The truth is there is no perfect number. However, there are factors you should keep in mind when deciding how many credit cards to have. Your credit score is […]