The Flipside To Investing

Contrary to what many money management gurus will tell you. Momentum can be just as important when it comes to successful investing as the way you save. For instance, life happens... do you borrow money to handle the issue incurring fees and interest or do you deplete your savings? I heard on the radio that economists studying the behavior of credit card fees had discovered a market force that they hadn't considered before. The belief of access to money. The gist of it is that you believe that your savings will be more available if you desperately need money than will your lines of credit so you deplete your credit cards first even though you know that you will have to pay interest. Your true intention is to keep your money available should you need it. I think that this is relevant to Investing. Yes, you may have life happen however should you need money and quickly the first place to look would be a low-interest source like a loan from a friend at a low rate. The second place to look would be to use a credit card with a  10-29% interest rate annually. However, this could lower your credit score yet another place to look would be a place such as LendUp. A place that can give you the equivalent of a payday loan without the dings to your credit utilization and without having you deplete your savings because we all know that when times are hard depleting your savings is easier than putting the money back so better if you never touch it in the first place.
LendUp will even allow you to build up your borrowing power and reduce your APR over time. It may not be the best option for those with great credit, but it certainly is a great starting place for those of you with not such a hot credit score. They even include videos and instructions on how to manage credit and money in general that's not such a bad thing.