The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your... Articles Tagged ‘saving money’
How Does the Current Economic Crisis Affect Your Money Market Account?
The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your...
Monday, August 29th, 2011
The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your... How Does Checking Overdraft Protection Work?
Bouncing a check doesn’t make you a bad person. It usually occurs as a result of a miscalculation or a scheduled deposit being credited later than anticipated. And with the use of debit cards, we are even more prone to such mistakes due to poor recordkeeping.
Most banks offer overdraft protection these days. This service can save you money in overdraft fees and save you the embarrassment and fees associated with having a check bounce or having a debit card transaction denied. But in order to get the most out of overdraft protection, it’s important to understand what it is,...
Friday, August 19th, 2011
Bouncing a check doesn’t make you a bad person. It usually occurs as a result of a miscalculation or a scheduled deposit being credited later than anticipated. And with the use of debit cards, we are even more prone to such mistakes due to poor recordkeeping.
Most banks offer overdraft protection these days. This service can save you money in overdraft fees and save you the embarrassment and fees associated with having a check bounce or having a debit card transaction denied. But in order to get the most out of overdraft protection, it’s important to understand what it is,... Creating a Budget You Can Stick To
Creating a budget isn’t rocket science. Once you get started, you’ll find that it’s really pretty easy. You don’t even have to be a math whiz – that’s what calculators are for.
But sticking to your budget is often an entirely different matter. Some people find that simply creating a budget and seeing how much money they can save is incentive enough to stay with it. Others find themselves faltering after a few months, or worse, not even getting off the ground with it.
Here is some budgeting advice that you need to consider help keep yourself on track.
Be realistic....
Monday, August 15th, 2011
Creating a budget isn’t rocket science. Once you get started, you’ll find that it’s really pretty easy. You don’t even have to be a math whiz – that’s what calculators are for.
But sticking to your budget is often an entirely different matter. Some people find that simply creating a budget and seeing how much money they can save is incentive enough to stay with it. Others find themselves faltering after a few months, or worse, not even getting off the ground with it.
Here is some budgeting advice that you need to consider help keep yourself on track.
How a Budget Can Help You Save Money
Tuesday, August 2nd, 2011
Some of us are frugal by nature. Others go through money like they have holes in their pockets. But no matter which end of the spectrum you’re on (or if you’re somewhere in the middle), you can benefit from creating a household budget.
Budgeting is one of the best ways for anyone to save money. It gives them a realistic picture of their financial situation, and that’s the first step toward getting a handle on your money.
Here is some money saving advice and some of the specific benefits of having an accurate and detailed budget.
- You know exactly how much money...
Finding the Best Online Savings Account
Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether...
Thursday, July 28th, 2011
Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether... Tips for a Frugal Summer Vacation
Summer is here. The kids are out of school, and the adults are ready to take some time off work, kick back and enjoy the beautiful weather. Unfortunately, the state of the economy has made lavish summer vacations to exotic locales nothing more than a dream for most of us.
But all is not lost. A summer vacation doesn’t have to be expensive to be fun and relaxing. Sure, a luxury cruise or a week-long stay at a five-star resort would be nice, but there are plenty of less costly activities that will allow you to unwind and bask in...
Tuesday, June 28th, 2011
Summer is here. The kids are out of school, and the adults are ready to take some time off work, kick back and enjoy the beautiful weather. Unfortunately, the state of the economy has made lavish summer vacations to exotic locales nothing more than a dream for most of us.
But all is not lost. A summer vacation doesn’t have to be expensive to be fun and relaxing. Sure, a luxury cruise or a week-long stay at a five-star resort would be nice, but there are plenty of less costly activities that will allow you to unwind and bask in... Managing Your Checking Account with an Online Bank
Online banking has made our lives much easier. We can check our balances, pay bills and make deposits from home, work or anywhere else there’s a computer. Still, a majority of consumers prefer to work with a bank that has a branch in their area in case the need arises to do some of their banking in person.
But with advances such as direct deposit and easy transfers, online-only banks are growing in popularity. Their fees are often lower, and their interest rates more favorable than banks that have multiple physical locations. When it comes to checking accounts, online banking...
Monday, June 20th, 2011
Online banking has made our lives much easier. We can check our balances, pay bills and make deposits from home, work or anywhere else there’s a computer. Still, a majority of consumers prefer to work with a bank that has a branch in their area in case the need arises to do some of their banking in person.
But with advances such as direct deposit and easy transfers, online-only banks are growing in popularity. Their fees are often lower, and their interest rates more favorable than banks that have multiple physical locations. When it comes to checking accounts, online banking... Saving Money When You Eat Out
When times are tough, one of the first luxuries you might drop is eating out.
Let's face it: Dining in a restaurant is can be pretty expensive compared to eating at home. But what if you love to go out for lunch or dinner? If so, let's discuss a few ways you can cut the cost of restaurant meals.
Perhaps not every suggestion will appeal to you, but you'll find at least a few that help you cut your expenses. Take what works and apply it to your situation. You can be dining out in no time and still...
Wednesday, June 1st, 2011
When times are tough, one of the first luxuries you might drop is eating out.
Let's face it: Dining in a restaurant is can be pretty expensive compared to eating at home. But what if you love to go out for lunch or dinner? If so, let's discuss a few ways you can cut the cost of restaurant meals.
Perhaps not every suggestion will appeal to you, but you'll find at least a few that help you cut your expenses. Take what works and apply it to your situation. You can be dining out in no time and still... Using a Budget to Reduce Your Expenses and Reach Your Goals
When it comes to excitement, making a budget is right up there with flossing your teeth. But if you want to make the most out of your money, a budget is the best place to start. If you have no idea where your money is going each month, you won’t have much chance of building up the savings you need or even keeping all of your bills up to date. A budget will help you control your spending and meet your financial goals.
While it’s not necessarily much fun, creating a budget is relatively easy. You just need to take...
Monday, May 30th, 2011
When it comes to excitement, making a budget is right up there with flossing your teeth. But if you want to make the most out of your money, a budget is the best place to start. If you have no idea where your money is going each month, you won’t have much chance of building up the savings you need or even keeping all of your bills up to date. A budget will help you control your spending and meet your financial goals.
While it’s not necessarily much fun, creating a budget is relatively easy. You just need to take... Building a Savings Plan for Your Children
One of the best ways you can provide for your children is to create a savings plan for them when they're young and contribute to it gradually. As your children grow, so, too, will their savings.
You may also consider investing for your child, provided that the investments are wise and promise a decent return over time.
Creating a savings and investment strategy can be beneficial for both you and your children so when they grow up they'll be in a solid financial situation during their college years.
Here is advice on how to build a savings plan for your...
Sunday, May 1st, 2011
One of the best ways you can provide for your children is to create a savings plan for them when they're young and contribute to it gradually. As your children grow, so, too, will their savings.
You may also consider investing for your child, provided that the investments are wise and promise a decent return over time.
Creating a savings and investment strategy can be beneficial for both you and your children so when they grow up they'll be in a solid financial situation during their college years.
Here is advice on how to build a savings plan for your... 
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