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Be sure to ALWAYS check your receipt for credit card information on it
Here is an example of what you should cross out if you see:
SOLUTION:
Cash or credit card?
Here is that article: http://genxfinance.com/2008/05/20/poll-do-you-organize-the-money-in-your-wallet-or-purse/
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I was getting ready to head to the cafeteria for lunch the other day, and before heading down with a co-worker I stopped to open up my wallet and rearrange my cash. He looked at me a bit puzzled and asked what I was doing. I didn’t think anything of it, but just told him that I was putting my money in order because when I got change from my breakfast this morning, everything was just thrown in there. Read more »
Boost your credit score
Your credit score is incredibly important to your financial life. It determines whether you get loans, the interest rate you pay on those loans, and the terms you get for any borrowing. It can also determine whether or not you can get an apartment; it can help determine your insurance rates or premiums; employers can look at this also to determine whether or not to give you a job, or to promote you.
What is the Rule of 72?
The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at a 9 percent interest, divide 72 by 9 and get 8 years.
Is It Better to Buy or Rent?
The New York Times’ “Is It Better to Rent or Buy?” calculator compares the cost of renting versus buying an equivalent sized home to determine in the long haul which is a more money-wise move. Give it your monthly rent, the projected price of buying a home (including down payment, mortgage rate, and property taxes), and it'll determine an estimated number of years it would take for buying to be better or worse than renting. Read more »
How minimum payment is determined on credit card
Towards the beginning of 2003 (in the Jan-Feb timeframe) the Office of the Comptroller of the Currency (OCC) changed regulatory guidelines to force banks and other financial institutions to increase monthly minimum payments to cover at least 1% of the principal balance above and beyond all fees and interest incurred. Most banks prior to this used to charge 2-3%. Read more »
Set up a "Bill Pay" in order to cut down debt
Why use Bill Pay?
- 4 reasons. Read more »
- To Automate the Process & Avoid Late Payments - by automating the process of paying bills, you can ensure all bill payments are paid on time, and therefore avoid late payments.
- To Allocate Checking Funds & Avoid Interest Payments - by setting aside X-amount of money from your checking account, and then having payments
When paying off debt
When paying off debt, choose the credit card or loan with the highest interest rate first and pay that off, then move to the next highest interest rate, and so on.
How to safely maintain usernames and passwords for financial sites
Do you have so many banking, stock, investment, and other financial site passwords that you cannot keep them straight? An idea on how to keep usernames and passwords readily available and SAFE...
Writing those username/password combinations down in their true form anywhere is dumb. Also, writing those down in a place that you do not always have access to is not convenient. Read more »
Take the time and get organized
Make a vow to yourself to get more organized and spend the necessary time to stay organized. Also, track what you spend, and you may find a few surprises.
Answers to Investing
