Today we had a question come in from a reader that asked, “does a secured credit card immediately boost your credit rating?”
The question is actually a little more complicated than it seems. Yes – secured credit cards will help your credit score, if the card company reports to the credit bureaus. However, No – [...]

1. The illusion of wealth principle. When you’re able to buy something cool, it feels like you have money, even when you don’t. People that don’t have money tend to ‘need’ to make purchases a lot more than people who do have it. However, there are people with high incomes who also have out [...]