Your Cart is Empty


June 21, 2021 3 min read


At Financial Footwork we live by the philosophy that you should train your money like an athlete trains for success.

Do the reps. Put in the work every day that is going to make you successful in your financial life!

Here are our 5 tips to help you start training your credit score. 

Financial Footwork Money Coach

Here are our 5 tips to help you start training your credit score. 


Tip #1 -- 30% is the magic number. 

Use less than 30% of your available credit limit. You read that right LESS THAN 30% of your available credit. I.e. If you have a credit line for $10,000 with your bank, you should aim to spend less than $3,000/month on that card.  

Financial Footwork Debt Payoff Tracker

Tip #2 -- Make your payments on time

yes we know this sounds like common sense, but if everyone did it, we would not be having this conversation. 

The minimum payment on every single one of your credit card bills is a MUST. If you cannot pay off the credit balance in full each month, at the very least you need to make the minimum payment BEFORE the due date. 

Pay your bills on time, don’t miss a payment. The headache you will have trying to rebuild your credit is 100% not worth it. If it ain’t broke, don’t fix it. 

Missing just one credit card payment can significantly drop your score. Avoid the headache and frustration and pay on time. Heck, we always have our phones. Put a reminder in your phone and then pay the bill when the reminder pops up. Problem solved!

12 Month Digital Budget Financial Footwork

Tip #3 --Mix up your credit usage.

You have to use more than one credit line or loan to build your score. The credit algorithm wants to see that you can be responsible withmore than one credit account.

This means you can use 1-4 credit cards, a credit card and a car loan, car loan and a student loan, mortgage and a credit card, the list goes on! Did you know that each of your student loans counts towards a “credit account.” That is why it is so important to pay your student loans every single month. 

Did you know that most mortgage companies want to see at least 3 different credit accounts on your credit report before you buy a home? Yes, this is true!  What does that mean for you? It means you have to show you can use and pay back a few different credit accounts on the regular. 

Be strategic, set up auto pay for each credit account yo use, and do not over leverage yourself.  Get your system in place and use 2-3 different credit accounts every month. 

Financial Footwork Financial Planner & Money Organizer

Tip #4 --Limit the number of credit cards and/or credit accounts you apply for in any given year. 

Yes, applying for too many credit cards can hurt your score. Slow and steady wins the race, that is how the credit algorithm is built. You have to take things a few months at a time, show consistency and then add additional accounts. Rome was not built in a day, your credit score can be a work of art of a hot mess. Your choice! 

Taking out a new credit account should be limited to 2-4 times a year. Now, in certain circumstances, you may need to apply for credit more often and that is fine. However, if you are first starting out or have just started to develop your credit game. Limit the amount of credit you apply for and space it out every 3 to 6 months so you do not drop your score.

Wealth Building Toolkit Financial Footwork

Tip #5 --Your oldest credit account is your oldest friend. 

15% of your credit score is determined by LENGTH OF CREDIT HISTORY. If you close your oldest account, that history is deleted. Do not waste a good thing, keep your oldest credit account open and active even if you only use the card 1-2 times a year. 

There you have it! 5 tips to get you started with credit! Follow us on Instagram and YouTube for our latest blog articles and video posts.

For more money tips, videos & additional articles, subscribe to our email list

Financial Footwork Money Coach YouTube


Leave a comment

Comments will be approved before showing up.


Holiday Hacks! Be DIY Holiday Fabulous
Holiday Hacks! Be DIY Holiday Fabulous

October 21, 2021 3 min read

Read More
Be Holiday Sales Savvy! Your Best Holiday Sales Choices.
Be Holiday Sales Savvy! Your Best Holiday Sales Choices.

October 14, 2021 2 min read

Read More
Season For Sales
Season For Sales

October 08, 2021 3 min read

Read More