Plastic or Cash?

With all the talk about the dangers of credit cards, it might be easy to decide to bury your Visa, MasterCard, American Express or Discover cards in your back yard and just stick with your debit card instead. Before doing so, you should be aware that studies have indicated that regardless of whether you use...

Overdraft Options

Starting in mid-August financial institutions were unable assess any overdraft fee unless the consumer has not opted in to the financial institution’s overdraft program. At an average of $30 a pop, we’re not really going to miss those fees much, are we? With billions of dollars of revenue on the line for banks...

Love and Money

1 Key to Personal Finance Partnership There are so many great ideas for improving one’s personal financial situation. But that’s just it. A lot of those tips are for “one,” not for partners. There are some books (e.g. <a title="Couple's Guide to...

Saving or Deferred Spending?

I'm sure you have all had at least one meeting with a rainy day misfortune; an unexpected trip to the hospital, a cracked pipe, a car transmission that decided to throw in the towel or any of the other forms...

Savings Strategy for Those Living on Main Street

Here’s a comment I left on a CNN Money post about a couple who have been living on half of their income for years and tout the values of frugality. Several comments referred to those not in a financial position (lower income, greater expenses, job instability, etc.) to have...

Financial Freedom

I read a blog asking about financial freedom and, even though it specifically mentioned how narrow-minded that concept is when defined by amounts or by financially-based ideas (e.g. “getting out of debt”), I was surprises by how many comments still focused on purely...

Yahoo Reports High Risk FICO Scores on the Rise

A Yahoo report of July 12, 2010 indicates that a growing number of US consumers have the ranks of high risk borrowers (FICO score of 599 or less). Following increasing foreclosures and delinquent debts due to the high unemployment and underemployment rates of the down economy, this segment of credit scores has grown from the...

Debt Consolidation – Care for Your Finances

If you are like one of the millions of consumers feeling trapped in mounting credit card debt, underwater mortgages or are feeling afflicted by other numerous financial problems and are looking for a sound method of repaying your debt without filing for bankruptcy, Debt Consolidation may be a wise choice....

Understanding the New Credit Card Rules

Last week brought us changes to the way Credit Card issuing companies can operate in an effort to further protect consumers from abusive or deceptive practices. The CARD (Credit Card Accountability, Responsibility and Disclosure Act) now prohibits credit card issuing...