Your credit cards are not just a convenient way to pay for things. Believe it or not, your credit cards might just come with major benefits that might make using them for purchases more beneficial than using good old fashioned cash. Beyond being a convenient way to pay for really expensive things without carrying a[…]
Credit cards. We love them when we need them, but hate them when our monthly bill comes. Have you ever tried to pay off your credit card? If so was it a success or epic fail? I’m a prime example of how overspending and under managing your money can lead to hundreds of thousands of[…]
Here’s a financial confession: I used to be in debt. I was a financial planner and I was in debt – and I lied to everyone about it. If you’ve ever been in debt you know how stressful it can be and how it can take over every other aspect of your life – including[…]
If you have debt hanging over your head, what’s stopping you from paying it off? It’s time to become debt free. As a financial planner I can tell you the most common answers are: I don’t want to withdraw from my savings, I don’t have enough savings to pay off the debt and I don’t[…]
Whether we like to admit it or not, credit cards have become a necessity. But all credit cards are not created equally, at least, mine aren’t. Credit cards carrying a high interest rate can drain your pockets and cost you more than you may bargain for, but a zero interest credit card or zero percent[…]
If you’re not paying pay cash during the past Christmas season, your credit card bills from the 2015 holiday season will start hitting you mailbox in January. Are you ready to feel the pinch from buying grandma that must have sweater for Christmas? […]
At the end of January while I was snowed in one day, I sat down and threw a few of the rules that many personal finance experts recommend right out the window. I applied for three different credit cards in one sitting. Egads, you say! Yes, three new credit cards. I know that you want to[…]
Every two weeks I’m up at the crack of crack paying bills online. My other half has put me in charge of paying his bills because he admittedly isn’t good at it. One of his bills happens to be a store card that has a promotional deferred interest rate that will expire in two months. He wasn’t sure exactly what that meant, do you?
From time-to-time stores will have promotions that are designed to get you to buy. The are often advertised as “No Interest for Six Months” or “No Interest for One Year”. Have you seen those types of offers? This is called a deferred interest offer. This means that the credit issuer will not charge you any interest during the promotional period. […]
Helping people improve their financial lives is a core function of this blog. I share the tools that will help you on this blog, but I leave it to you to implement the changes. Over the past few months, I’ve been taking my advice offline and putting them into practice with friends and family.
My realtor is a nice guy, but he is horrible with managing his money. He had tried buying a car multiple times, only to be declined because of his credit profile. I felt bad for him, so I decided to help him out. After only two months his credit score has increased by 110 points dragging him out of the low 500’s and into the respectable 600 level. How did I do it? Time to share. […]
Do you have outstanding charges on existing store or credit cards? Perhaps you’re struggling to pay your monthly bills? Whatever the case, it might be worth moving all your debt onto a credit card with a lower interest rate. This is known as a balance transfer and could save you a lot of money in the long run – so let’s take a close look at the benefits: […]
The average American carries almost $80,000 in debt and has a credit score of 751 – a number that falls into the “C” range on VantageScore’s A to F grading scale. While these figures alone paint a general impression of the state of personal debt and credit in the United States today, there are considerable differences among Americans of different statuses and backgrounds. For example, even though income isn’t calculated into your credit score, wealthier Americans generally have a greater capacity to pay off their debt and achieve a high rating. […]
Just about one month after they announcing a $5 surcharge to use your debit card for purchases, Bank of America is now reportedly looking into new ways for more account holders to avoid the fee and may consider reversing the fee altogether. Showing that voting with your feet and moving your money elsewhere really does work, several banks including Wells Fargo and Chase have now completely dropped their plans to institute these fees altogether after witnessing the backlash and public outcry against debit card fees. Score one for the little guys. […]