Learn about two quick credit tips, 403b and 529 plans, delinquencies on old loans, and budgeting when you only get paid once a month.

01:11 This Week in Your Money: Hosts Sean Pyles and Sara Rathner provide two quick tips for improving credit scores. The first tip involves credit utilization, which is the amount of available credit that you're using. They also discuss the option of asking for an increased credit card limit. For their second tip, they discuss the benefits and risks of becoming an authorized user on a friend or family’s credit card. To wrap up their discussion, they advise on the benefits of checking your credit report for accuracy and why it may not be necessary to worry about your exact credit score if it’s already above 720.

11:11 Money Question Lightning Round: NerdWallet’s Liz Weston joins Sean to answer several listener questions. They discuss 529 plans and how they may impact eligibility for financial aid, whether a delinquency on an old loan will still show up on a credit report after the loan has been refinanced, tax-advantaged vehicles for retirement savings when a 401k plan is unavailable (like a thrift savings plan), how to manage money when you only get paid once a month, and how to decide whether a 403b retirement plan is worth using as opposed to alternative retirement plans.

In their conversation, the Nerds discuss: credit scores, financial future, credit utilization, strategic payments, higher credit limits, authorized users, credit reports, 529 savings plans, need-based financial aid, college savings strategies, private student loans, refinancing, budgeting, retirement planning, spending tracking, budgeting software, automated transfers, Thrift Savings Plan (TSP), 401k and 403b retirement plans, retirement options, credit tips, credit card limit, credit bureaus, collections account, credit report error, budgeting tips, the savings bucket strategy, and lifestyle inflation.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected].

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