Why? The answer to that question should always be at the forefront of your mind.
Ask the closest person to you what their credit score is and there's a 60% chance that they have no idea! I like to view the credit score as more of a financial GPA or report card. That along with your actual credit report lets lenders know the likelihood of you paying back or defaulting on some sort of loan or line of credit. That why it is absolutely imperative that you keep track of your score and credit history.
Debt. This stuff will crush you...if you let it. We get so caught up on buying random things on credit or taking out unnecessary loans, because 1) "saving takes too long" and 2)the monthly payments tricks you into thinking you're getting a good deal. In reality, both of these are untrue because of Interest. Saving $1,000 at $100 increments is a lot quicker than paying off $1,000 in debt at $100 increments, because the $100 debt payments include a charge for interest expense and the $100 incremental savings do not.
I always thought starting was the hardest part - building up enough momentum to get you moving, but I'm finding that keeping that progress going is difficult. I'm a month into this and I'm already backsliding. I've been out to eat more than once per pay period, out to the bars, buying random junk. It's so easy to fall back into these bad habits, because they've been good to your dumb-ass. Providing you with instant reward for each of your 40 hours of hard work. I think the reason its so easy is that all of this stuff is readily available; in your face. I don't wake up everyday to a fat bank account, Tesla Model S or a free schedule so I'm not focused on saving or spending to maintain these things.
As mentioned in a previous post, reducing expenditures can work some wonders with your disposable income. Take a look at what you're spending and decide what is and what isn't necessary. This can be done with a review of your monthly banking statement or with a budget tracking service like Mint. Below are just a few ways to reduce some expenses.