As we are already one month into 2014, you’ll find no shortage of financial advice for how to start the New Year off right. A common theme in many of the articles you may see is saving; specifically, plans and strategies for accomplishing a particular savings goal in 2014.
While these money saving plans can be helpful, some individuals find that they fall short in sticking with the program. This may be due in part to a cookie-cutter savings plan not being a good fit for the individual’s particular circumstances. The best way over this hurdle is simply to come... Articles Tagged ‘Banking Advice’
Create Your Own Money Saving Challenge
As we are already one month into 2014, you’ll find no shortage of financial advice for how to start the New Year off right. A common theme in many of the articles you may see is saving; specifically, plans and strategies for accomplishing a particular savings goal in 2014.
While these money saving plans can be helpful, some individuals find that they fall short in sticking with the program. This may be due in part to a cookie-cutter savings plan not being a good fit for the individual’s particular circumstances. The best way over this hurdle is simply to come...
Tuesday, January 28th, 2014
As we are already one month into 2014, you’ll find no shortage of financial advice for how to start the New Year off right. A common theme in many of the articles you may see is saving; specifically, plans and strategies for accomplishing a particular savings goal in 2014.
While these money saving plans can be helpful, some individuals find that they fall short in sticking with the program. This may be due in part to a cookie-cutter savings plan not being a good fit for the individual’s particular circumstances. The best way over this hurdle is simply to come... Banking Advice on How to Save Money by Avoiding Common Banking Mistakes
Opening up a checking account and savings account at your local bank or credit union isn’t particularly difficult. The process is usually quite straightforward, and a bank representative will walk you through each step along the way. Even if you set up a new account online, the process probably won’t take more than a few minutes.
But once you have your account, you need to pay more attention to it. In particular, you need to avoid the common banking mistakes that can trip up many individuals.
Here are some of the most common banking mistakes that some people make, and...
Wednesday, January 8th, 2014
Opening up a checking account and savings account at your local bank or credit union isn’t particularly difficult. The process is usually quite straightforward, and a bank representative will walk you through each step along the way. Even if you set up a new account online, the process probably won’t take more than a few minutes.
But once you have your account, you need to pay more attention to it. In particular, you need to avoid the common banking mistakes that can trip up many individuals.
Here are some of the most common banking mistakes that some people make, and... How to Jump Start your Savings in 2014
Performing a regular financial audit on yourself and your household from time to time can be quite valuable. Without knowing your current financial situation, or how much progress you’re making toward your long term goals, there’s no way to know if you need to refine your financial strategies.
One key element of your personal financial audit is to evaluate your current savings practices. Unless you have money saved, and have developed good habits for continuing to do so, it will be difficult to maintain any significant measure of financial stability.
While it can be challenging to adjust to a new savings...
Tuesday, December 17th, 2013
Performing a regular financial audit on yourself and your household from time to time can be quite valuable. Without knowing your current financial situation, or how much progress you’re making toward your long term goals, there’s no way to know if you need to refine your financial strategies.
One key element of your personal financial audit is to evaluate your current savings practices. Unless you have money saved, and have developed good habits for continuing to do so, it will be difficult to maintain any significant measure of financial stability.
While it can be challenging to adjust to a new savings... Tips for Using an ATM Card While on Vacation Overseas
One of the last things a consumer wants to worry about while on vacation overseas is losing their spending money (if one carry a lot of cash), or having to worry about the hassle of replacing lost travelers checks. Because of the increasing prevalence of worldwide ATM networks, many people now simply use their ATM cards to address those concerns.
But using an ATM card while on vacation abroad has its own set of issues, including those relating to security, costs and fees, and ease of use.
Here is some banking advice and tips for making the best use of...
Monday, December 9th, 2013
One of the last things a consumer wants to worry about while on vacation overseas is losing their spending money (if one carry a lot of cash), or having to worry about the hassle of replacing lost travelers checks. Because of the increasing prevalence of worldwide ATM networks, many people now simply use their ATM cards to address those concerns.
But using an ATM card while on vacation abroad has its own set of issues, including those relating to security, costs and fees, and ease of use.
Here is some banking advice and tips for making the best use of... Can My Bank Close My Account?
We normally think about our banking and financial accounts on our own terms. We decide when we want to open a new account, what financial institution we want to do business with, how much and how frequently we deposit funds into and withdraw funds out of our accounts, and when we close those accounts.
But that’s not always the case. In fact, there are some situations where your accounts can be frozen, accessed or even shut down. Most of these occurrences are likely to be fairly rare, such as having your assets seized in connection with a lawsuit or tax...
Tuesday, November 26th, 2013
We normally think about our banking and financial accounts on our own terms. We decide when we want to open a new account, what financial institution we want to do business with, how much and how frequently we deposit funds into and withdraw funds out of our accounts, and when we close those accounts.
But that’s not always the case. In fact, there are some situations where your accounts can be frozen, accessed or even shut down. Most of these occurrences are likely to be fairly rare, such as having your assets seized in connection with a lawsuit or tax... How to Save More Money Each Month
As much as we’d like to maximize our income, and get a raise each year from our employer, we generally don’t have complete control over our income. Instead, the best way to reach our financial goals is through savings, because we have a much greater level control over how much we spend and how much we save each month.
Saving isn’t just something you do over the course of one or two months. Rather, the best way to save and meet financial goals is to save money each and every month. Don’t worry, saving more doesn’t necessarily mean buying less,...
Monday, October 28th, 2013
As much as we’d like to maximize our income, and get a raise each year from our employer, we generally don’t have complete control over our income. Instead, the best way to reach our financial goals is through savings, because we have a much greater level control over how much we spend and how much we save each month.
Saving isn’t just something you do over the course of one or two months. Rather, the best way to save and meet financial goals is to save money each and every month. Don’t worry, saving more doesn’t necessarily mean buying less,... The Pros and Cons of Paying Cash for Your New Car
Unless you happen to live and work in a densely populated city, chances are you’ll have to buy a car at some point during your life. In fact, the chances are good that you’ll own at least a half dozen vehicles over the course of your life.
But unlike small purchases that you’ll almost always pay cash for, or very large purchases that you’ll always borrow for (such as buying a new home), you may find yourself faced with a choice of whether to pay cash for your new car or to take out a car loan.
Here are some...
Thursday, October 17th, 2013
Unless you happen to live and work in a densely populated city, chances are you’ll have to buy a car at some point during your life. In fact, the chances are good that you’ll own at least a half dozen vehicles over the course of your life.
But unlike small purchases that you’ll almost always pay cash for, or very large purchases that you’ll always borrow for (such as buying a new home), you may find yourself faced with a choice of whether to pay cash for your new car or to take out a car loan.
Here are some... How to Sign Up for Internet Banking
The Internet has changed the way we save for retirement, make our investment decisions, and manage virtually every aspect of our financial portfolios. Even our local banks and credit unions have gotten on board by providing a host of online banking services to their customers.
Surprisingly, some account holders aren’t yet using any of the online services offered by their banks. This might be out of concerns for online security, feeling overwhelmed by having yet another account to manage, or perhaps not fully appreciating all that Internet banking has to offer.
Here's some banking advice on the basic steps if...
Monday, October 7th, 2013
The Internet has changed the way we save for retirement, make our investment decisions, and manage virtually every aspect of our financial portfolios. Even our local banks and credit unions have gotten on board by providing a host of online banking services to their customers.
Surprisingly, some account holders aren’t yet using any of the online services offered by their banks. This might be out of concerns for online security, feeling overwhelmed by having yet another account to manage, or perhaps not fully appreciating all that Internet banking has to offer.
Here's some banking advice on the basic steps if... Tips To Manage the Increasing Cost of a College Education
If you have a child in college or headed to college soon, the rising costs may be causing you some sleepless nights. According to Bloomberg Reports, college tuition has increased 1,120 percent over the past 30 years. No other industry has experienced the same degree of price inflation.
Nor have household income levels come close to increasing at the same rates. This means that the cost of higher education is increasingly becoming something that American families are finding difficult to afford.
Here’s some banking advice to consider before you resign yourself to years of paying off student loan debt, there...
Wednesday, October 2nd, 2013
If you have a child in college or headed to college soon, the rising costs may be causing you some sleepless nights. According to Bloomberg Reports, college tuition has increased 1,120 percent over the past 30 years. No other industry has experienced the same degree of price inflation.
Nor have household income levels come close to increasing at the same rates. This means that the cost of higher education is increasingly becoming something that American families are finding difficult to afford.
Here’s some banking advice to consider before you resign yourself to years of paying off student loan debt, there... How to Use Your Smartphone as a Budget Tool
It seems like virtually everyone has a mobile device these days. We use our phones to communicate with our family, friends and business colleagues, of course, but many of us also use them for entertainment and other purposes.
With the increasing popularity of smartphones, what was once just a method to talk (or text) with someone has now become a computer that we have with us practically at all times. Given the convenience that it provides, you can harness the power of your cell phone to help you manage your personal and professional budgets.
Here is some banking advice on...
Friday, September 27th, 2013
It seems like virtually everyone has a mobile device these days. We use our phones to communicate with our family, friends and business colleagues, of course, but many of us also use them for entertainment and other purposes.
With the increasing popularity of smartphones, what was once just a method to talk (or text) with someone has now become a computer that we have with us practically at all times. Given the convenience that it provides, you can harness the power of your cell phone to help you manage your personal and professional budgets.
Here is some banking advice on... 
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