2) Credit & Financial Identity

You aren't just building credit for fun, you are building it for Big Moves like buying a car or a house.

• Auto Loans: To get a 0% or 2% interest rate on a car, you usually need a score above 720.
• Mortgages: When you eventually buy a home, a high credit score can save you $100,000+ in interest over 30 years.
• 12 months before a big purchase, stop applying for new cards. Keep your utilization at 1% to "peak" your score right before the bank checks it.