A new product out of the UK is making news in the financial world. It’s called Osper, and it’s a prepaid debit card meant to teach kids how to manage money. Aimed at parents with young children, the card connects to an app on your phone and allows kids to spend money on a budget…. Read More
35% of Americans in Collections (as reported by Josh Boak on finance.yahoo.com)
A scary new fact was recently reported, more than a third of all Americans have debt in collections. And the number does not appear to be dropping, even as more and more proof stacks up that the economy is ramping back up toward full recovery. About 35 percent of people have had their debts turned over… Read More
How do Millennials Choose to Spend Their Money? (As reported by Jacob Davidson at time.com)
Millennials, loosely defined as those born within the years of 1980 to 2000, are soon to be the generation with more buying power than any other. But what does this mean and what do Millennials choose to spend their money on? Studies are showing that many goods and services thought essential by older generations are… Read More
Cracking the Code on Credit Card Numbers (As reported by Allan Smith at BusinessInsider.com)
You always hear that cash is king, but is that really true today? Swiping a card, whether it is credit or debit, has become one of the most common methods of payment for everyday purchases. It’s so easy to pay by card that many of us have likely never stopped to think about how the… Read More
Used Car Shopping Tips (as reported by Alexa Mason on www.moneyning.com)
One of the larger purchase decisions a person will make in their lifetime, usually at least two or three times, is the purchase of an automobile. And finding a good deal on a great car is a skill that you can learn to help make an efficient car-buying decision. When shopping for a quality used… Read More
Importance of Financial Education Today (as reported by Donna Freedman on www.getrichslowly.org)
It’s always been important for kids to learn how to manage money. But today, for this generation of children, the challenges they will face make learning basic personal financial skills crucial to their future success. A few simple mistakes, ones commonly made by today’s youth, can have a lasting negative impact on your life. Many… Read More
10 Financial Truths (as reported by Kimberly Palmer on finance.yahoo.com)
It’s unfortunate that even today in the United States, not everyone gets the most basic personal finance education. But the more we can work these basic lessons into everyday life, the more we can spread the knowledge. Kimberly Palmer, writing for Yahoo Finance, outlines ten key things that everyone must know. One truth that people… Read More
When to Pay Off Loans (as reported by Matthew Amster-Burton on www.mint.com/blog)
Man people find themselves asking this question at some point early in their careers: Should I take my savings and use it pay off my student loans or should I instead take that money and invest it? And if you ask ten different people, you might hear ten different answers. A common theme is that… Read More
How to Retire Early (as reported by Joe Udo on finance.yahoo.com)
Would you retire early if you could? Most people would say yes. And Joe Udo, writing for Yahoo Finance, cites five ways you can tell if you are ready to retire early. It starts with calculating your retirement cashflow. You will still need a steady stream of money coming in to support yourself during your… Read More
Bad Habits Costing You (as reported by www.dailyfinance.com)
In order to set yourself up for financial success, most people think about all the ways that they can make more money. But instead, it’s smarter to think about what you might do to save more. If you can cut out certain bad habits, you might be able to save more. Dailyfinance.com wrote about seven… Read More