CREDIT CARD ARTICLES & NEWS Part:2

Should I Give My Teenager a Gas Budget? Remember when gas prices were at the highest levels in history just a few short months ago? Like most drivers, you probably curtailed your use of the car and used public transportation instead. Did your teen use the family car and if so, did he or she pay for the gas? Thinking back to when we were teens, it was probably unthinkable to ask our parents to pay for gas whenever we used the car. At that

Credit Card Articles & News

Mortgages Explained There are several types of mortgages that are available, notwithstanding the sub-prime mortgage crisis and its effect on homeowners. 1. Fixed rate mortgage – This is a mortgage where monthly payments remain the same throughout the entire term of the loan. Note that there are two types of fixed rate mortgages: 15-year and 30-year. The benefits of both are described by Bankrate in this way: “With 30-year loans, borrowers generally get lower monthly payments even though their rates are higher. That’s because the

Invisible Money: Credit and Debit Cards

Undoubtedly, your children have seen you use a credit or debit card when you shop and wanted to know about them. Explaining the difference between credit and debit cards and their function will take some time, as well as a few tools to illustrate their use. Probably the best way to explain what each card is for is to demonstrate by using visual tools. For example, take out a debit card and a credit card. Use a label or scotch tape a piece of paper

Living on Credit: The Hidden Dangers

This current economic crisis has caused a tidal wave of debt and the inability to pay down such debt. Regardless of whether it’s mortgages, credit cards, or other loans – living on credit has become the norm rather than the exception. We all know the hidden dangers of incurring too much debt. Some may not be able to afford to pay more than the minimum monthly balance due on credit cards. This just adds more stress to an already problematic situation. Moreover, due to the

How to Live on a Lower Incom

Experiencing a drop in income can send us into a panic and our budgets into a tailspin. Unfortunately, it can happen to just about anyone. You or your spouse could be laid off, work could dry up if you’re self-employed, or you or someone in your household could fall ill. Times like these call for drastic money-saving measures. If you have adequate savings, you will be able to live off of that for a few months. But whether you have an emergency fund or not,

How to Save Enough for Retirement

For younger workers, retirement may seem like a distant event that doesn’t bear a great deal of consideration. Most of us realize that we should be putting some money away, but comparatively few actually do so. And those who do may not be saving enough. Too many workers continue to rely on Social Security and pensions as their main source of retirement income, and see savings as a way to have extra money. But these days, that kind of thinking is seriously flawed. It’s entirely

Retirement: Don’t Let Your Money Retire

Retirement can be a joyful time of life. You get to leave the daily grind and spend more time doing the things you love with the people you care about. If you’ve saved up enough money to live comfortably, you can live a fulfilling, carefree life. If you did a particularly good job of retirement planning, you may have enough money in savings to carry you through for many years to come. Even so, it’s wise to keep your money working for you. You’ll need

Kids’ Clothes on a Budget

Kids grow up entirely too fast. It seems like one minute they’re taking their first step, and the next they’re off to their first day of high school. All of the milestones along the way are cause for celebration, but they also remind us that our “babies” won’t be babies forever. Kids grow quickly in the literal sense of the word, too. They go through clothes at lightning speed, often growing into a new size before the clothes they’ve been wearing start to look worn.

Global Markets: European stocks retreated as pound strengthened

In international markets, the pound strengthened while Europe’s stocks retreated. European stocks have not been able to make their losses through the negative mode yet despite the losses of the US stocks. After the repressive comments of the chief economist of Bank of England’s there seen an acceleration in pound. On the other hand, oil has risen by giving back its losses.  The Stoxx Europe 600 Index, though stabilizing in oil prices, has been heading for two more days. The end of the mission of