Credit Counseling News: Debit Card Fees Coming Soon

Your bank may be charging you an additional $5.00 per month to use your debit card. Last week news broke that Bank of America is developing a plan that may charge consumers for everyday use of their debit cards. Other banks have been brought into the discussion as potentially charging for debit card use as...

FICO Explained

What in the World Is a FICO? When it comes to credit scores (also generically referred to as a credit rating), most Americans know that they are important and that they can have a major impact on our financial lives. However, very few know what goes into a credit score or just how influential it...

Why Care About Your Credit?

It’s a fair question: “If I’m not planning to make a purchase on credit anytime soon, why should I care about my credit?” While it’s true that the most commonly known use of credit has to do with getting approved for a loan, there are other situations when credit can have a positive or negative...

“Leveling” our Expenses

I regularly teach in my Budgeting (“Spending Plan”) classes that our goal should be to turn as many of our Variable and Periodic expenses into Fixed (or “level”) expenses as possible. A Fixed expense is one that occurs every single month at the same cost. Examples are rent or mortgage, car payments, 401(k) contributions, monthly...

33 Money Savings Tips

By using some or all of these 33 money savings tips you will be able to add to your savings and watch your money grow. You'll be surprised at how quickly your savings can add up. Grocery Shopping 1.  Create and live by a Menu. 2.  Schedule grocery shopping at the same time every week....

Easy Credit, Lasting Pain

Financial Danger Zone Easy Credit, Lasting Pain How Payday, Title, Pawn, and Other Expensive Loans Work When we regularly spend more then we earn, we go deeper and deeper into debt.  As consumers, we often look for “quick-fix” solutions to our debt and for ways to continue surviving from...

Why Should I Care about My Credit?

Credit (an agreement to repay a loan over time) is pervasive in our society. What used to be the exclusive privilege of the wealthy has only in the past half century or so became available to the masses. From buying a home or car to purchasing a burger, shake and fries, credit - whether in...

Basics of the New Couponing

Couponing has been making a strong comeback recently thanks to the down economy. The promises of free items or even getting cash back with “doublers” and “catalinas” is more than just merely alluring to many. If you’re tempted to coupon more than just casually, here are...

Debt Management Programs and Credit Scores

Financial Myth: Don’t Debt Management Programs Hurt my Credit Score? When entering our debt management program (DMP), keep repeating to yourself…”I am here to get out of debt.” Nothing worthwhile is ever very easy, including a DMP. For one, our program requires you to close all credit...

Realistic Emergency Savings Amount?

What Is a Realistic Amount for Emergency Savings? Chances are that if you’ve ever looked into how much money you should be putting away as an emergency/”rainy day” fund, you have found that most financial experts, including myself, will suggest...