The new “Restoring American Financial Security Act of 2010” is going to hit banks hard by reducing debit card fees that stores have to pay. The 2% charge might seem small, but has brought banks $20 billion dollars in revenue.
Improving a credit score is a game that every American is going to have to play to get better rates on loans for big ticket items like cars and mortgages. Improving a credit score involves using a lot of little strategies and paying close attention to spending. Its hard playing a game when the referee […]
I thought I understood the importance of a checking my credit score and credit report until I decided to apply for a mortgage. I knew that I was up there, in the 780s-760s, but I never knew quite what that meant. When I applied, I wasn’t offered the best interest rate, and I asked why […]
High yield or high interest checking accounts are checking accounts from online banks that offer interest payments if you follow some basic rules. Following the high interest checking account guidelines will earn a dividend on your balance, where traditional accounts might not earn you a penny. They are very beneficial, especially now when trying to […]
Credit unions are the best alternative to traditional big banks. The goal of a credit union is to serve its customers banking needs through a personal approach, accepting that the customer is the most valuable asset to the company. Credit unions survive on membership, and members are the real owners of the company, and not […]
There are many online personal finance tools out there to keep your finances in order to be a better saver and smarter consumer. I love the following sites because they are user friendly, easy to understand, and best of all: FREE.
When my toddler first got the pillow into his hands, I showed him that the pillow was filled with treasure. He spent almost 45 minutes pushing, shifting and discovering the trinkets within.
Investing for retirement is the best decision a person can make. Not only do you have to account for how you want to live your retired life, but you also have to consider becoming disabled and paying more for health care. Saving for retirement does not have to be life changing, but it WILL change […]
Choosing to invest in mutual funds is a great strategy for generating extra income or saving for retirement or kids’ college. There are many things to consider and lots of tools available for evaluating mutual funds, and finding extra money to fund your funds. Here are some tips on getting started with mutual funds. Your […]
There is a lot of pressure to have a certain lifestyle. But the truth is most people cannot afford the lifestyles they’ve bought. The ability to buy something doesn’t mean a thing unless you also have the ability to afford it. You’ll notice that those who can afford more might have less than those who cannot. That is where the key is.
There are many benefits to mutual funds. Easy diversification, liquidity and low transaction costs are just a a few. Mutual fund companies are the best investment product for new investors.
Instead of spending your tax return, forgo a bit this year and invest it for your retirement. Trading off a little now will go a long way in the future.