Personal Finance and Investing
How to Choose a Credit Card
Competition between different credit card companies is fierce, and they will compete with one another to attract new cardholders through introductory offers, rewards programs, and cardholder perks. The offers from credit cards are tempting, but none of these often temporary programs should be the reason you choose a credit card over the others. Here are [...]
Saving Money Despite Durbin Amendment Bank Changes
Consumers need to pay a lot more attention to every detail of their finances these days if they wish to save as much as they intend. With the recent addition of the Durbin Amendment to the rules of banking, consumers are even more hard-pressed to get very involved in their money matters, especially where their [...]
4 Money Mistakes Common in Marriage
When you get married, there are a lot of changes that take place. A big change but one not talked about enough is the combining of two different financial lives. While many arguments between married couples are linked to money, combining financials is not always the issue at hand. But different money management styles can [...]
Avoid Credit Card Skimming Scams
The holiday season is a time of increased credit card and debit card skimming scams. The number of people shopping and spending money is increased, and the majority of people rely on their debit or credit cards during the holiday season – making it a prime time of year for credit and debit card skimming [...]
Do I Have a Debt Problem? 5 Tips for Evaluating Your Situation
It can be so easy to recognize problems of others but when it comes to analyzing your own personal situation, it may not be as simple. This is especially true if the problems you are experiencing surround money issues. There are millions of Americans that have struggled with financial hardships at one time or another. [...]
How to Utilize Credit Cards to Boost Credit Score
Credit scores are a very important three-digit number that essentially reflects your financial stability. Without a good credit score, you can expect to pay higher rates for basic services and risk being turned down for credit cards and other financing. One way to boost credit scores and improve your credit history is to utilize a [...]
Reconsider How You Bank: Tips for Making a Change
With the many new regulations being imposed on and by the large national banks, consumers need to keep up with the times in order to stay ahead financially. Banks used to compete for business by offering a large selection of free services. These services have become so common for banking customers few actually realize when [...]
How to Start Your Budget for a New Year
Long before the start of a new year, you should already be tracking your financial over the past several months to make it easier to start a revised budget for a new year. While many people wait until the absolutely last minute to collect their data for taxes, it is to their own detriment. Here [...]
How to Improve Your Credit Score
Your credit score plays an important role in your life – not only does it affect your ability to get credit, but it’s also used in the calculation of your car insurance premiums, whether or not you can rent an apartment, and can even prevent you from getting hired. A low credit score can affect [...]
Unemployment claims down – are the bad times over?
As the global economy continues to stutter and debate rages about the best way to tackle the crisis, theUSfinally had some news to cheer about: it was revealed that the number of unemployment claimants fell to the lowest levels in nearly six months. So does this mean that the fears of a double dip recession [...]
Buying a home? Avoid paying extra fees
Buying a home can be complicated enough, but sorting through all those additional fees can leave everyone feeling confused and ripped off. Before you settle with extra costs on your mortgage, think about which fees you can fight to avoid. Everyone has heard about closing costs, but few people actually know what they consist of. [...]
What Women Must Know During Every Life Event
Financial ignorance has the tendency to hurt women (and their children, if they have any) in a variety of life situations. While it would be impossible to prepare for every possible situation, having some basic knowledge regarding your finances can be a life saver in some of the more common events. Here are a few [...]
How NOT to use a balance transfer credit card
Credit cards are a valuable tool when managed properly and responsibly, and can offer several benefits over traditional cash or debit cards. For example, using a credit card for purchases over $100 offers additional protection if the vending company goes bust or fails to complete the order, compared to payment by other forms. Credit cards [...]
You Can Make Money With Borrowed Money
The wealthy people of the world get wealthier from “free” money – the interest their account balances and investments earn over time. There are ways the rest of us can earn a little extra money from borrowed money – and if done correctly, we won’t be charged more in interest than the amount earned on [...]
What Type of Credit Card is Right For You?
With so many different types of credit cards available, it can be easy to get overwhelmed with the choice. Understanding the differences between cards can help you find the perfect match for your circumstances. There are around ten main types of credit cards available and companies are always looking for new types of cards. The [...]
Social Security Adminstration Plans to Eliminate Paper Checks
If you are waiting by the mailbox for your new Social Security check you are going to have a long wait. The Social Security Administration announced that anyone signing up to receive Social Security benefits next week will not be eligible to receive paper checks through the mail. In fact, other government benefits recipients will [...]
Consumer Spending Increased in March Thanks to Rising Prices
Consumers have been shown to increase the amount of money they spent through the month of March, largely due to the necessity to pay for higher gasoline prices and rising grocery costs. While the outlook may appear to be good for the economy, there is a bigger financial strange on the personal finances of American [...]
Wells Fargo (NYSE: WFC) Set To Stop Offering Debit Card Rewards
Wells Fargo (NYSE: WFC) recently announced that they will stop offering new banking customers debit card rewards beginning this April. Wells Fargo joins other banks who have also recently announced similar cuts. As of April 15th new Wells Fargo customers will no longer be able to enroll in a debit card rewards program. Current debit [...]
Should the US follow the UK’s ‘Junior ISA’ model?
Whilst the US has the 529 plan to save for the costs of future education, the UK has no education specific product. Instead they have a ‘Junior ISA’, a tax-free savings plan for those under 18 years of age. So should the US follow this example and create a tax-efficient savings vehicle for the under [...]
Calculating Your Debt to Income Ratio
Obviously debt and income are two major factors when trying to tack your financial progress. Every one of us would like to be in the position where we have more income coming in than debt but for some of us this is simply not the case. When looking at your income, how do you actually [...]
Bank Of America (NYSE: BAC) Sued By Share Holders
Bank of America (NYSE: BAC) could once again be heading to court. This time the banks CEO along with board directors and other executives are under fire for negligent practices. They are being sued by shareholders who are crying foul. Shareholders believe that they were misled and that the bank kept viable information about mortgage [...]
Citigroup (NYSE: C) High Up on List of Federal Aid Recipients
Citigroup (NYSE:C) was one of the banks posing the highest risk for loss during the government bailout. The bank received a total of $476.2 in cash and guarantees help from the federal government according to a new report issued by the Congressional Oversight Panel which is monitoring the TARP program. The panel had calculated the [...]
Customer Defaults Decline Again for Bank of America (NYSE: BAC)
Customer payments for Bank of America (NYSE: BAC) credit cards have become more steady throughout the month of February. The bank said credit card debt write-offs were down from the month previous. The 2011 reports for February are the lowest numbers the bank has seen since the same month of 2009. Generally, credit card companies [...]
Bank of America (NYSE: BAC) Leaks Suggest Fraud and More
Bank of America (NYSE: BAC) is getting ready for the fallout after WikiLeaks claimed to have access to an executive’s hard drive. But just when the bank thought they had heard the worst, an independent source has claimed they have emails from Balboa Insurance, a division of the bank that was sold to Australia’s QBE [...]
Give Your Finances a Spring Cleaning
The weather is changing, the birds are singing and people are busy cleaning, which can only mean that spring has finally sprung! And if your finances are still suffering from a festive season hangover then now is the time to give them a spring clean too. A successful financial spring clean needs to take into [...]
How To Write A Business Plan For Your Trading Business
Trading is not a way to get rich quick. Unfortunately, many new traders come into the market each year with outlandish expectations of turning a few thousand bucks into a few million bucks in just a few years. The reality is that trading is very similar to business in general. It is commonly known that [...]
Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) Penalties Likely to End “No Money Down” Programs
As banks face penalties for abuse mortgage practices and sketchy foreclosure practices, lenders begin looking for larger down payments for borrowers looking to buy houses. Penalties faced by the nations largest banks, Bank of America, Wells Fargo and Citigroup are expected to run into billions of dollars as a result of the banks automatically signing [...]
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