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...

Improve Your Health and Your Wallet

Health Challenges and financial distress have caused many of us to take a look at both our good and bad habits. Here are a few realistic tips to help the...

Begin at the Beginning: Write Down Your Financial Goals

Bathroom mirrors. Refrigerator doors. Bedroom closet walls. Bed stands. Wallets & purses. What do they all have in common? They are great locations to post your written financial goals. If you haven't written down three to five financial goals, following you will find a few tips to help you get started. The vital point is...

Cycling CDs As Your Emergency Savings Fund

We've all heard that we're supposed to have money put away for a rainy day. However, the traditional method of putting "extra" money into a savings account has several drawbacks. First, the typical interest rates on these accounts are lower than inflation, resulting in a new loss on the value of your money. Second, the...

Go Green – Save Money

Going green is a trend we're all so familiar with lately. The challenge most people have is not a desire to do what's healthy for the environment, but doing it without breaking our budget. Experts suggest using energy efficient appliances, light bulbs, and heating and cooling systems, but most of us can't make such expensive...

Credit History – The Importance of Maintaining Good Credit

Credit (an agreement to repay a loan over time) is becoming ever more pervasive in our society. What used to be the exclusive privilege of the wealthy has only in the past 50 to 100 years become available to the masses. From buying a new home or car to purchasing a burger, shake and fries,...