I came across this great article on Americasaves.org. Many people have difficulty saving for one reason or another. In this article, the writer shares some great tips to help and encourage people to save. The topics that she discusses are listed below: Does the Cost of Living Keep You from Saving? Do You Find [...]
Identity theft is so prevalent these days. It is too easy to have your social security number stolen. It has actually happened to me. Someone stole my identity and filed a tax return using my social security number. Luckily for me, I caught it early and was able to prevent any major damage to my [...]
I recently read an article about the rising debt of senior citizens. Senior citizens, I thought? Surprising, not really. Think about it. Senior citizens are on a fixed income unlike the younger generation. Their income does not keep up with the rising prices for food or anything else. Seniors are using their credit cards to [...]
President Obama signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009. The Act’s main purpose is to prevent credit card industry practices that significantly raise interest rates. There are numerous provisions to this act. Among the provisions are the following: · There is a provision for granting credit cards to individuals under [...]
During the current economic crisis, many people find themselves wondering whether it is more important to pay down debt versus building up a savings account balance. Some of the top financial experts are recommending that people build up their savings versus paying down debt. Suze Orman recently recommended that people build up their savings and [...]
Imagine opening up your credit card statement only to see that your rate has increased substantially. Well, this is the harsh reality that many Americans have been facing over the past couple of years. But wait no more. Recently the Federal Reserve Bank passed a law to limit when credit card companies can raise rates. [...]
