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Personal Finance 101: What Impacts your Credit Score
A big part of the debt system in the United States is determining the credit worthiness of people trying to access capital and the risk associated with it. FICO scores were created by the Fair Isaac Corporation and are utilized by financial institutions to help determine the risk level of a potential borrower. The FICO score ranges between 300 and 850, and they are calculated by taking five factors into consideration: payment history, amount owed, length of credit history, the amount of credit accounts opened recently,…
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Personal Finance 101: Basics of Money Management for College Students
College is a space for learning and discovering. As a college student, you are constantly soaking in information and finding your place in your industry. Nevertheless, most college students lack knowledge of personal finance. It is equally important for everyone regardless of your major. Personal finance is essential to all students regardless of what your major is, especially since it is a critical skill to creating the lifestyle you envision for yourself such as achieving financial independence. To this extent, we asked college students about…
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Black Girl Luxury: Creating my Dream Lifestyle
The Black Girl Luxury lifestyle I’ve created for myself didn’t happen overnight. In college, while most of the people I knew spent their weekends partying, shopping or brunching, I was working in order to stay at my dream school. While my friends would join clubs for pure interest, I chose ones for interest that included stipends. My breaking and humbling moment was during my junior year while studying abroad where I had to make $200 stretch each month because of a family situation. My overall…
