Posts Tagged ‘Credit Cards’

Review: Financially Stupid People Are Everywhere

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Every Sunday, The Simple Dollar reviews a personal finance book or other book of interest. The title of this book convinced me to pick it up at the library recently, but it was the introduction that caused me to actually take it home and give it a full read. The introduction, entitled “Life as a Sucker,” makes the case that society is stacked against individual financial success unless you already have a lot of capital. Almost every element of modern society and government works against you without a large bankroll in your hand with which to generate more money. In… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 19, 2010 at 10:20 pm

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The Debate Between Debit Cards and Credit Cards

More than half of all card transactions are now being paid with debit cards rather than credit cards, according to the Nilson Report. The debate between debit cards and credit cards continues on.  Many people made the switch to debit cards in an effort to avoid racking up too much debt and to help manage their budget more efficiently. The problem with this theory is the costly expense of overdraft fees if you mistakenly overdraw your account – and the fact that you lose out on many benefits by not using credit cards. Photo by Classyshot via Flickr Despite the… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 9, 2010 at 7:20 am

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Promises, Promises (To Yourself)

Connie writes in with a great question whose answer got far too long for the Mailbag: My biggest problem with money is that I lie to myself. I keep telling myself everything is going good and at first it is. Then I start slowly falling back into old habits but I keep telling myself everything is good. Eventually, everything is worse than before but I still keep saying everything is good, and then I’ve racked up thousands of dollars on the credit cards again. I don’t know what to do anymore. I think that lying to ourselves is something we… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - July 5, 2010 at 6:20 pm

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Best Money Tips: Survivor’s Guide to Stockpiling Food

Welcome to Wise Bread's Best Money Tips roundup. Today, we share how-to's on stockpiling food, making emergency plans to include your pets, staying positive at work, and more! Top 5 Articles How to Stockpile Food for Survival — "Most families don't buy a year's worth of food in one trip, mostly because it's expensive. But if you learn to combine sales and coupons, you can easily and inexpensively build your store."  Frugal Dad Emergency Preparedness for Your Pets — It's important to have a plan to make sure your family — the humans and the animals — is safe… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - June 9, 2010 at 5:20 pm

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Why Was My Credit Limit Lowered?

Jennifer writes in: Yesterday, I received a notice from [my credit card company] that my credit limit had been lowered from $10,000 to $4,000 on my primary credit card. I was immediately worried that my credit had been damaged by identity theft, so I checked it on annualcreditreport.com and there was nothing there at all. I’ve always paid all of my bills on time and my life has been pretty much normal and unchanged for a long time. Why would they make this change? I’m not concerned about reaching my credit limit, but that reduction in my limit does alter… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 7, 2010 at 12:20 pm

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Getting Out of Debt Quickly pt 2

This is part 2 of a 4 part series on getting out of debt quickly. Make sure that you read all four parts in order to get the most out of this sequence of hints on getting yourself or your family out of the debt trap. Next you are going to want to try to consolidate all of your debt onto a single credit card with an interest rate that is lower than what your current credit cards are requiring for you to pay. By doing this you are going to be lowering your monthly payments dramatically while paying… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 2, 2010 at 2:20 am

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Does a Credit Score Matter to Someone Living a Debt-Free Lifestyle?

Mary writes in: My husband and I have been debt free for seven years. Hooray! We cancelled all of our credit cards in 2001 and paid off our home mortgage in 2002. A few weeks ago, our homeowners insurance premium went up substantially. I called our agent to ask why and he told me that our premium was automatically raised because our credit score was low. I got worried and checked our credit report at annualcreditreport.com (as you suggested before) and found nothing at all on our credit report. So, I called our agent back and told him the story.… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - February 4, 2010 at 2:20 am

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25 Best iPhone Apps for Personal Finance

iPhones are often criticized as expensive and ostentatious. Why buy a smart telephone when you can make calls from a $10 pay as you go telephone? It may seem like a waste of money, but used properly an iPhone can be a powerful tool in your personal finance arsenal. Here is just a small sampling of the best personal finance applications that are accessible for your iPhone or iPod Touch. These are my leading 25. Finances and Banking iPhone Apps Mint.com iPhone App — Mint is a nicely recognized personal finance management site, but its’ app is the #one app that… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - February 3, 2010 at 12:20 am

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