As we have seen the most basic budget is simply getting a feel for how much money is coming in, and how much is going out. Most people do not like budgets, they are cumbersome, they rarely get followed, and they make people feel bad about their spending habits. So rather than detail out exactly…
There is no doubt that accumulating money for retirement and other big expenses is important. Unfortunately the accounts used often involve fees. While there is often no way around paying for all financial advisor fees, there are ways a person can minimize the amount they will be paying out of pocket. By choosing a method…
Personally I believe that teaching your kids the value of money at an early age is an essential part of parenting. The biggest problem is that most parents are not in a position to have this talk. They either lack the knowledge or they have problems with their finances themselves. When I was in elementary…
In my opinion one of the best investment tool is the ETF. ETF’s act a lot like mutual funds except just like stocks they can be bought and sold throughout the day. A lot of people like ETF’s because they track a specific sector or index which helps to promote diversity in your portfolio. There…
Over the past few years we have been talking a lot about the “Credit Crisis” that has plagued to United States. It seems that this shortfall in credit has now brought back the ever so popular layaway plan for retail stores. United States Senator Charles Schumer feels that layaway will actually cost consumers more than…
A savings account is supposed to help you save money, right? Unfortunately, this is not always the case. Not only do some accounts have extreme fees, but many chase customers away with ridiculous terms and conditions. So what would the perfect savings account look like in your world? Here are 10 features that would make…
I’ve been a long time customer with my bank, ever since they bought out my last bank over 10 years ago. After the purchase, my new bank almost immediately began enacting various fees and defining new services. I’m not talking about overdraft fees, NSF fees, or what I consider “no-brainer” fees. These are fees you…