Financial Well-being


Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

 

Check, Credit Card or Debit Card? Choosing a Payment Method for Security and Convenience

secure_creditHow do you pay for everyday purchases or bills? Cash? Check? Credit Card? Debit Card? If you are like most people, you use a combination of these methods—and more. The advent and growth of electronic banking has encouraged many people to move more and more from paper (cash, checks) to plastic (credit cards, debit cards). All these payment methods have roles to play in personal financial management today.

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Strategies for Saving More

Why a Personal Savings Plan Is Important and Tips for Getting Started

savingsHow much Americans save—or don't save—has been in the news since the U.S. government's report of leading economic indicators indicated that in 2005 the U.S. personal savings rate reached zero and dipped into negative figures. The U.S. personal savings rate remained near zero or below it until the financial crisis hit. Recently, the savings rate has been rising. But even if the savings picture is a little rosier, commonsense says that as a nation of consumers we are probably not saving enough for a rainy day or more dire emergencies. And of course, there's the question of saving toward something important, such as a down payment for a home or a fund for higher education or retirement.

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Thinking about Buying a First Home or Moving Up to a Larger Home?

Lessons You Can Learn From the Recent Housing Market

altThe housing market has been much in the news recently. After years of steadily rising home values, the home values went down. In some areas, home values went down drastically. At the same time, a record number of home foreclosures occurred in the last several years. The press was full of news about "subprime" mortgages.

As some of the heavily marketed "creative" financing products such as Option Adjustable Rate Mortgages (ARMs) "reset," many homeowners suddenly faced higher monthly payments that they could no longer afford. The impact unsettled the housing and mortgage markets.

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Why Not Buy a Car on eBay or Another Online Auction Site?

alteBay has become the gorilla of vehicles sales virtually overnight—they've facilitated over three million vehicle sales since starting their program. What's not to like about that?

A lot of things. Before you head to the eBay site even just to poke around, think about this:

  • When you buy on eBay, you're typically buying "sight unseen."
  • You usually don't get to drive the vehicle.
  • You're typically buying from total strangers, and they are usually far away.

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Work-at-Home Schemes Target Your Hard-Earned Dollars

crafts-jewelryEarn $500 to $1000 weekly in your spare time!

Earn $150 an hour on your home computer!

Have you seen ads like these? Tempting "come-ons" for work-at-home "businesses" are everywhere. For years, they've appeared on utility poles, in classified ads in newspapers, magazines, and freebie papers, and in direct mail flyers. Now they are showing up in web ads and spam emails. Who wouldn't want to make a nice chunk of change for just a little work in their spare time? Have you been tempted?

Thousands of promoters of work-at-home schemes hope that you will be tempted—and that you will "act now" to send them a "few dollars" to find out more. But as the Federal Trade Commission (FTC) warns consumers, the only sure cash in these deals is usually the fees that consumers send to the promoters. The vast majority of work-at-home schemes promoted by such ads are misleading and most are also fraudulent.

Read on...

Work-at-Home Schemes Target Your Hard-Earned Dollars

crafts-jewelryEarn $500 to $1000 weekly in your spare time!

Earn $150 an hour on your home computer!

Have you seen ads like these? Tempting "come-ons" for work-at-home "businesses" are everywhere. For years, they've appeared on utility poles, in classified ads in newspapers, magazines, and freebie papers, and in direct mail flyers. Now they are showing up in web ads and spam emails. Who wouldn't want to make a nice chunk of change for just a little work in their spare time? Have you been tempted?

Thousands of promoters of work-at-home schemes hope that you will be tempted—and that you will "act now" to send them a "few dollars" to find out more. But as the Federal Trade Commission (FTC) warns consumers, the only sure cash in these deals is usually the fees that consumers send to the promoters. The vast majority of work-at-home schemes promoted by such ads are misleading and most are also fraudulent.

Read on...

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