90% of financial problems come from bad money behavior, not necessarily a lack of money. If you’re building a financial plan review your credit report for the good, the bad, and the ugly. Are you making a habit of being a few days late? Are you playing credit card roulette with balance transfers? Do you have a home or car that you simply can’t afford any more? Has your income been hit or miss during this economic downturn. All of these things will be clear as you follow the trends in your credit history.
Once you have a plan to improve your financial situation your credit report is a great tracking and trending tool. You’ll be able to see debts being paid down, credit utilization shrinking, and your credit score rising. Super motivation when you’re improving and firm accountability if you slip backwards.