Important Changes to Credit Cards

CARD Act of 2009 Think Hard before Opting Back Into Credit Card Account Offers Headed Your Way As we quickly approach February 22, 2010, deadline for implementation of many aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD), we've been seeing some “interesting” marketing ploys by several credit card/banking...

New Debt Consolidation Guide on Site…

I wanted to let our readers know that we have added a Debt Consolidation Guide to our website. You can view the guide online and print it off to keep. Click Here for the Guide We created the guide to help clear up some misconceptions of what Debt...

Debt Consolidation Services Explained

Debt Consolidation Definition Wikipedia Definition:  Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed rate or for the convenience of servicing only one loan. Debt Consolidation Loan: There...

Looking Ahead…Way Ahead

Planning Your Long-Term Financial Needs According to results of a Charles Schwab survey, released June 4, 2009, nearly 40% of Americans are not saving for retirement and over 60% have not adjusted their retirement needs or investment strategy in the current downturn. Rather than simply accept the thought that you’ll just have to work past...

To Lease or Not to Lease…

Leasing vs. Buying.  Which is better?  Many think leasing is the best option when purchasing a vehicle because you can get a bigger car for a smaller monthly payment.  Here is the one thing we suggest you remember about leasing a vehicle: 1. NEVER lease a vehicle for personal use! Think of leasing a car...

Combating Poor Spending Behaviors | Impulse Spending

We ALL face challenges when it comes to our spending behaviors. In this country, there is a seemingly endless list of “things” that sound fun, interesting, or enjoyable, or that fit the “got-to-have-it-now” mold. We typically lump these items into the Impulse expenditures. They might come in the form of large purchases like cars, ATVs,...

The Unintended Consequences of the New Credit Card Legislation

With the recent passage of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD), credit-issuing companies stand to lose a significant revenue stream, namely, penalty charges. No one can reasonably believe these businesses will accept a reduction in their profits without seeking to replace that income elsewhere in their operations. With the...

Motivated Savings

Happy New Year to all of our clients and friends!  Have you, as many people do, considered changing or creating some personal habits this year?  Hopefully, the development and implementation of an improved savings strategy are among your resolutions.  To encourage you to save money and live debt-free, we suggest the following steps that can...

Back to Basics: The Cash Only Method

If you’re like a lot of people, the thought of writing each expenditure down or filling out a complex budget planner seems overwhelming and something akin to water boarding.  If you are one of those people that hate writing down and tracking your spending, these tips are for you: Start out your month figuring...

Holiday Shopping Tips

Begin saving now for Christmas shopping and Holiday activities. Starting in July would be ideal, but now is better than later. Create a list of people you would like to give gifts to and assign each person a dollar amount. Shop early, before the Holiday rush. Shopping early allows more opportunities...