No, I’m not talking about timing the market. I think trying to time the market is silly, and you’ll only lose valuable days of trading if you try to time the market. What I’m talking about is being on time with your bill payments.
Sure, it’s only $30 here, and $30 there, and those late fees do add up, but the real drain on your money is what it does to your credit. It may be the difference in you getting a better interest rate on your home mortgage, which leads to THOUSANDS of dollars of savings over the years. I am not one to dwell on the credit score and letting your credit report run your life, but in terms of buying a house, it’s important no matter what. Unless you do the 100% down plan, which is paying cash for your house. But, after the recent housing boom, very few people have the income and sacrificial nature that it takes to save up $200 to $300 thousand dollars. So, listen to the Fool and set your life up to make sure you never miss a payment EVER again!