Let’s face it, times are tough right now.
Everywhere you look, people are feeling the pressure of rising prices, student loan repayments, and changes to the way credit is reported. If you’ve been leaning more on credit cards, skipping payments to cover essentials, or just feeling overwhelmed by the cost of living—you are not alone.
At Starting Now, we’re here to walk with you through uncertainty, not just talk at you. Here’s what you can do to stay financially grounded—even when everything feels up in the air.
What’s Going On (and Why It Matters)
Right now, a lot of people are dealing with:
- High interest rates and rising prices on everything from groceries to rent
- Student loan repayments restarting after a long pause
- Credit score changes, including FICO starting to count Buy Now, Pay Later loans
- Increased reliance on credit cards to bridge the gap
- Housing affordability issues in both renting and buying
These pressures can make it hard to keep up, and easy to fall behind. But a few mindful steps can make a big difference.
5 Ways to Protect Your Credit Right Now
1. Make at least the minimum payment—always.
Even if you can’t pay the full balance, staying current keeps your credit from taking a big hit.
2. Don’t max out your credit cards.
Try to keep your balances below 30% of your available credit. That keeps your “credit utilization” healthy and your score more stable.
3. Monitor your credit report.
Check for errors, late payments, or signs of identity theft at AnnualCreditReport.com. It’s free.
4. Be cautious with Buy Now, Pay Later (BNPL).
Starting fall 2025, FICO will include BNPL loans in your credit score. Pay them on time, and avoid stacking too many.
5. Avoid cosigning loans—no matter how much you care.
Cosigning means you’re legally responsible. If the other person stops paying, your credit could take the fall.
Budgeting Tips for Tight Months
When money’s stretched thin, focus on control—not perfection. Try these tips:
- Build a “bare bones” budget for rent, utilities, food, and medications
- Pause non-essentials like unused subscriptions or online shopping
- Use income-driven repayment plans for federal student loans
- Reach out for help early—many utility companies and lenders offer hardship options
- Look for local or national assistance programs
When to Ask for Help
If you’re behind on bills or using credit to get by each month, now is a good time to talk to someone.
At Starting Now, we offer free, judgment-free credit counseling to help you:
- Understand your credit report
- Explore debt repayment options
- Build a realistic budget
- Make a plan that works for your life, not someone else’s
Key Takeaways
- You’re not alone—many are struggling right now
- A few smart choices can protect your credit while you get through it
- Budgeting is about flexibility and survival, not shame
- Help is available—and it’s okay to ask for it
Let’s Start Where You Are
Uncertain times call for steady support. Whether you’re facing credit card stress, student loans, or just need someone to walk you through your options, Starting Now is here.
