3 Things ‘Financially Literate’ People Usually Avoid Because They Are Good With Money

Oct. 8, 2024 - YourTango

Thankfully, Vee, a financial writer and money mindset coach on TikTok, shares tips and techniques to help viewers minimize money stress and begin financial planning. She recently shared a few things she avoids to maintain financial stability.

Three financially literate habits to avoid in order to be good with your money:1. “Every time you apply for new credit, it can take as much as 2 to 5 points off your credit score,” she explained.

But when you open a new line of credit, like a retail store’s credit card, the credit company “hard pulls” your credit report to review as part of the approval process...