Financial resolutions for a healthy credit score in 2021

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Financial resolutions for a healthy credit score
in 2021
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From the change in the way we live to tackle
everything from the confines of your home. No one
anticipated the course of this year to be the way
it went down. And before we could identify ways
to make the most of this year, we already reached
its end.
So it is time for us to make a list of all the
things we learned from this year and prepare our
resolution to maintain a better financial
standing in 2021!
CRIF can help you determine your new years
resolutions that will not only help you sail
through the upcoming year, but will also help
you maintain a healthy credit score.
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Make a realistic budget and stick to it
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Add more to your emergency fund
Considering the previous year and the rally of
its unforeseen circumstances, take this year to
build up your emergency fund. It is always
important to keep surplus aside for times such as
medical emergencies, etc.
The year 2020 has taught us that anyone can
require medical attention and immediate access to
money, and every individual should have a
comfortable chunk of an emergency fund.
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Save money for retirement
You will be another year close to retirement and
a fund to keep the new chapter in comfort will
require effort through your working years.
Setting up a retirement fund is an ongoing
process. So divide your surplus money wisely to
ensure that you have enough at the time of
retirement.
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Evaluate your portfolio and invest better
Take time out each year to evaluate all your
investments and analyse which are the ones
bringing in maximum promise for the long term.
There are many instruments that might seem like
an attractive choice at the time but over time,
they are unable to deliver and stagnate your
portfolio. It is best to sell these instruments
and research more on what could work for your
investment plan in the next year.
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Find alternative sources of income
There is no harm in having an extra income. More
income means more savings as well as more
investments for the future! Try to devise a plan
to buy a property that can be put on rent or some
other investment options that can help you gather
that extra income.
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Work on your credit score
All of these efforts would be best carried out
with a good CRIF Credit Score, so make sure you
have all the information in place and staying
away from too many hard inquiries.
A few solid steps like the above could make sure
that all your plans get executed.
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You can get both your Personal Credit Score and
Business Credit Score by applying directly on
the link mentioned below
https//cir.crifhighmark.com