Personal Finance News
Why Credit Card APR’s Are Rising, Despite Fed’s Third Rate Cut of 2019
Typically, a decrease in the federal funds rate means your credit card APR should fall as well, but that’s not what is happening lately in the U.S. economy. Banks have backed themselves into a corner with an influx of cash-back and travel rewards credit cards, dishing out perks they can’t afford. Now, consumers are paying […]
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Personal Loans on the Rise
The loan business is getting personal. We’re talking personal loans, and they are exactly what they sound like. You borrow money from a lending institution and pay it back. The big difference from mortgages or car loans is that you don’t need collateral to get a personal loan. A lot of consumers must like that […]
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Payday Loan Alternative a Good (Or Risky) Thing?
If you’re one of the millions of Americans for whom payday can’t come soon enough, technology is catching up with your dreams. Uber, McDonald’s and Outback Steakhouse are among a growing number of employers that are offering workers an on-demand system that gives them access to their money the day after they earn it. The […]
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Financial Literacy a Tough Test for Most Americans
The latest trends in spending and debt indicate that America already has forgotten any lessons we might have learned when the bubble burst on the U.S. economy in 2008. The reputable and renowned Pew Charitable Trust says that 80% of American adults are in debt and the Federal Reserve Board says the amount we owe […]
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GPR Cards An Alternative To Banks, Credit Cards
If you like the convenience of a credit card, but lack discipline and overspend when using one, a general purpose reloadable (GPR) card could be the way to stabilize your finances. GPR cards, more commonly referred to as pre-paid credit cards, are safer than carrying cash and accepted almost everywhere because most are sponsored by […]
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How Credit Unions And Banks Are “Gamifying” Savings
Nobody wants to play games with their investment dollars, but what if the game was rigged so you couldn’t lose? Credit unions in five states have come up with a savings account – remember them? – that includes a chance to win monthly, quarterly and annual prizes in lottery-style drawings, while never touching the money […]
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3 Reasons To File For Bankruptcy
There aren’t many words in the English language less understood and more avoided than bankruptcy. “There definitely is a stigma attached to it,” Jeff Badgley said. “When people hear it, they get really uncomfortable.” Badgley sees the discomfort a lot. He is a bankruptcy lawyer who has to convince clients that going through the legal […]
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Most Americans Still Stressed Over Money
If money is causing stress and anxiety in your house, take it easy. You’ve got company. The same thing is happening in the house next door. And the one across the street. And just about every other home in your neighborhood. The American Psychological Association’s (APA) 2014 survey on “Stress In America” says that 72 […]
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Save Some Money While Saving The Planet
Most people know their financial footprint in the world, but probably couldn’t tell you their carbon footprint on the planet. Earth Day celebrations, which happen every year on April 22, remind us that we are responsible for keeping the planet clean, healthy and vibrant enough to support the billions living here. The average carbon footprint […]
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What Would You Do With Millions In Bonus Money?
Imagine for a moment, what would happen if the general manager for your company walked in today and announced that 32 lucky employees would be selected to receive millions of dollars in bonuses. Bedlam, right? Uncontrollable excitement. People so wired that their energy is zipping through the room in 1,000-watt bursts. Every employee in every […]
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