The Financial Questions You're Too Scared to Ask

Financial Questions You’re Too Scared to Ask—Answered by an Expert When it comes to understanding your personal finances, there is genuinely no such thing as a “bad” or “dumb” question. Is buying a $7 latte every morning really that bad for your budget? Totally valid concern. Is a credit score just some obscure number invented to stress you out? Pretty sure we’ve all wondered that at one point or another. Navigating the world of personal finance can often feel like entering a never-ending maze. To demystify it all, we’ve enlisted the help of Shannah Stephens, Community Banking Executive at Bank of America, who took the time to answer some of the most pressing questions you may be afraid to ask. One of the top questions? Should I use a credit card or stick to using a debit card? Here are a few pros and cons Stephens says you should consider: Overall, Stephens believes credit card usage can be a smart money move, especially when you consider it comes with various perks like cash back and rewards. It also helps to build your credit history. “The more positive your credit card history is,” says Stephens, “the better auto loan, and even mortgage loan, you will receive from your lender.” However, she adds one crucial caveat: the key is to always maintain healthy credit card habits. This entails paying off your balance in full and on time every month, responsible usage, and monitoring your FICO score. As long as you stay on top of using the card in a responsible and reasonable way, the long-term benefits can definitely be worth it. [READ MORE FINANCIAL QUESTIONS YOU’RE SCARED TO ASK](#insertUrlLink) This email is sponsored by Bank of America, but all of the opinions within are those of The Everygirl editorial board. Copyright © 2023 The Everygirl, LLC, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: The Everygirl, LLC 222 S. Morgan St. #2A Chicago, IL 60607 [Add us to your address book]( Want to change how you receive these emails? You can u[pdate your preferences]( u[nsubscribe from this list.]( This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( The Everygirl · 222 South Morgan St · #2A · Chicago, IL 60607 · USA