

Another investment area to consider is other Tax Advantaged savings accounts (e.g. IRA).
I do not really want a credit card, but I need to start using one because my credit score dropped to 550 after not making a payment for a while.
While they are a Faustian deal, you do want one. Much of our society is built around credit scores and the credit reporting companies. It sucks, but you have to deal with it. Find a credit card which doesn’t charge an annual fee, and which provides some sort of kick back you can make use of. Use this for everything, and pay it off completely every month. Use the points/miles/etc when possible.
There are two primary reasons for this. First off, it gets that credit score up. You want a high credit score as it’s often used for things like background checks. It’s annoying, but you’re not going to win the fight against it. Second, using a credit card comes with some protection for you money. If your card number gets compromised (and it will eventually, if you’re using it) credit card companies have some legal requirements to refund you for the fraud. When paying for things with debit cards and ACH transactions, those protections aren’t as strong and you may end up out some money.
The one thing I can’t emphasize enough is, pay the damned thing off every month! It’s easy for these to get out of hand. And with your current credit score, the interest rate is going to be in the range “fuck your wallet”. Letting any charges roll over is just pissing away money.
Lastly, once you have your credit accounts created freeze your credit. Don’t let them trick you into “monitoring” or other bullshit half-measure, do the freeze.





Sounds like a self-correcting problem.