Learning to manage your finances is crucial in achieving major life milestones down the road.
Buying a car or taking out a mortgage on your first home requires having a good amount of savings stored away and a healthy credit score.
But just as important as understanding what you need to reach these milestones is knowing how certain events do or don’t affect your credit once you get there.
According to Rod Griffin, senior director of public education and advocacy for Experian (one of the three main credit bureaus), there are five common life milestones that people often misunderstand just how they can either impact or not impact their credit:
- Graduating from college
- Sharing your first apartment with a roommate
- Starting a business
- Married, and getting divorced
Wherever you are on your financial journey, take a moment to recognize how the current situation you are in (or may be