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Big Cajun Man blogged about how his daughter was learning about credit cards and interest rates over at Canadian Financial Stuff. I commented that it is a great idea to get young people learning to respect their credit and building their credit score. However, I was confused by a myth (not the big myth I’m still working on busting tomorrow!) that I heard regarding the right way to build your credit score.

Is it better for your credit score to pay off your entire credit card balance each month or to carry a balance and never miss a payment?

Military Money has the answer! (Got to love that site’s title!)