Clean Credit
  • How Credit Repair Works
  • Learn
  • Trust
    • About
    • Frequently Asked Questions
    • Blog
    • Meet the team
    • Leave a Testimonial
    • DDR Agreement
  • Contact
  • Request Callback
Student Spending Tips
August 27 2018

Student Guide: Money Saving Tips To Improve My Credit File

Scotty

There are three major reasons why a person’s credit score goes down. Having too much debt, not paying bills on time and leaving errors on the credit file undisputed. The bottom line is, you’re overcharging your credit accounts and underpaying them. If money is the issue—then, it’s time to do some saving up.

So, if you’re asking, “How can I improve my credit file ASAP”, here are some money-saving tips to help you.

Budget

Having a proper budget is necessary if you want to pull through that savings plan. Being a student means having to pay tuition fees, buy projects, or even buy the essentials you need at home if you already live independently. Knowing exactly how much money you’ll have- as well as the money you need to let go of at the end of the month (bills) – will help you in making your Budget plan. Then, from that, you could identify how much money you’ll be living off of for the whole month, or even the following months.

Credit cards? No thanks.

Credit cards might make you look cool in front of your friends or classmates. But, that doesn’t mean that you also look cool in front of the Bank your credit card came from. Remember, credit cards are little pieces of plastic cards. When used, you’ll need to pay off the amount you borrowed while using it, or else interests might be fired in. Credit cards shouldn’t be used by students often since they still don’t have enough income to support the overflowing bills that might come at the end of each month.

Renting

Most schools in college offer dormitories where the students could stay in for their whole College life- but some don’t, or just don’t have enough accommodation space for the other students. If ever you are part of the unlucky few that don’t have dorms, choosing the proper apartment before the school year starts is essential. It should be safe, near campus, and most of all, cheap. Always pay one month ahead so you wouldn’t have to worry about the next payments. Also, even if the apartment is cheap and is within your price range, it shouldn’t mean that you have to go for it immediately. You need to make sure that its safe, and that there’s electricity, water, and all the necessary things needed.

Eating Out

Food isn’t really THAT expensive if you settle for what’s practical instead of what’s costly. Going out every week to buy yourself the groceries you’ll need. If you know how to cook, that’s a plus. But if you don’t, then I suggest you learn how from those cooking shows and cooking books online, because it would really save you a lot of money. Plus, cooking at home means the food is safer and healthier. If ever you want to eat out, only do it if there are special occasions so that you are still able to save.

Impulse shopping

Buying things out of impulse might be the cause of your savings’ downfall. Discounts and Sales might seem pleasing at first, but they may not be necessary. Buying things that you don’t need will just add up to the money you subtract from your monthly budget- which also means that you should say Goodbye to your savings before it’s even gone. If ever you see an item that you really like on sale, it doesn’t mean that you have to automatically buy it. You could just save for it and buy it when you’ve got enough money to pay for it – even if by that time it’s not on sale anymore.

Transportation

Transportation might be a little expensive when you’re not living in the campus’ dorms. If ever you don’t, try looking for an apartment near the main campus so that you won’t have to pay so much for transportation. The cab and the bus expenses when added up might even turn out to be more expensive than the apartment itself. Plus, if the apartment you’ve found is near campus, you could just jog or walk to it- which means you get to exercise too.

Saving money on a daily basis can help you eliminate nuisance credit card balances and unpaid bills. With lesser debts charged on your cards, your utilization ratio will decrease, and your overall debts will lower as well. Consequently, your credit score will improve as well.

So, next time you feel tempted to use that piece of plastic to buy expensive items, which you do not really need—think of its negative consequences. And, every time you feel discouraged to save money—remember that the lesser money you spend, the more payments you can make on your exiting debts.

If you want more answers to your question, “How can I Improve my credit file”, contact the DIY Clean Credit and we will help you understand the basic rules of improving credit ratings. Make an enquiry today!

Benefits of Clean Credit for the Self-Employed Tips To Prevent Destroying a Couple’s Credit Rating

Related Posts

overspending on credit card

Tips

Why You Should Stop Overspending On Credit Cards

difference between hard and soft credit enquiries

Tips

The Difference Between Hard And Soft Credit Enquiries

tips for avoiding post festive debt

Tips

Tips For Avoiding Post-Festive Debt


        
            OK
            96.777
        

I have read and accept the privacy policy.

NO-effect-on-your-credit-fileNO effect on your credit file

You may also be interested in…

  • overspending on credit cardWhy You Should Stop Overspending On Credit Cards
  • difference between hard and soft credit enquiriesThe Difference Between Hard And Soft Credit Enquiries
  • tips for avoiding post festive debtTips For Avoiding Post-Festive Debt

What our clients say

  • “I needed a small working capital local to sustain my small Business but the banks wouldn’t take me on due to my low Credit score. These guys just said no problem! It was a done deal.”

    Owen, NSW
  • “Clean credit have successfully removed listed defaults from my Credit File, couldn’t be happier. Very professional and explained everything with clarity. I would highly recommend them to anyone.”

    Grant
  • “Morning Jamil,

    Hope you’re doing well and had a nice weekend.

    It’s such great news to hear that (credit score jumped from 274 to 629). It’s amazing that you guys still managed to get it sorted in a short period of time.

    Thanks very much.”

    Jia
  • “Lachlan was great! He worked quickly and kept me up to date! I will definitely be recommending Lachlan and the team at Clean Credit to my friends and family.”

    Jade, QLD
  • “You have really relieved a lot of stress, thank you so much. I know a lot of work and time went into this and it is most appreciated.”

    Shane, VIC
  • “Ed, Really appreciate all your work mate. Will recommend you to lots of people. Very good man, well worth the money. Thank you very much. ~Ben”

    Ben, WA

About us

Clean Credit has helped thousands of Australians restore their credit rating and improve their credit score. Through our credit repair service we can remove negative credit listings such as defaults and judgements from credit files, allowing our clients to be financially free once again.

Quick links

  • How credit repair works
  • Learn
  • About
  • Meet the team
  • Leave a testimonial
  • Contact

You may also be interested in…

  • overspending on credit cardWhy You Should Stop Overspending On Credit Cards
  • difference between hard and soft credit enquiriesThe Difference Between Hard And Soft Credit Enquiries
  • tips for avoiding post festive debtTips For Avoiding Post-Festive Debt

Contact us

Email: info@cleancredit.com.au
Phone : 1300 015 210

Let’s get social

Copyright © 2019 Clean Credit Pty Ltd: Australia’s leading specialists in credit file repair and credit restoration services | Terms & Conditions | Privacy Policy | Sitemap