Category Archives: Credit

Tuesday Top 5: Knowing Your Credit Score

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Somewhere between your SAT results and your cholesterol levels, your credit score becomes the most important number to govern how your life turns out. There are several factors that go into calculating your [...]

Famous Financial Flubs: the Kardashian Sisters

Forget keeping up with the Joneses — in 2010, the worst money mistake you could make is to keep up with the Kardashians. In mid-November, the celebrity trinity of Kim, Kourtney, and Khloe Kardashian released the Kardashian Kard, a prepaid debit Mastercard marketed at teens and other fans of the reality television stars. Kim described [...]

Famous Financial Flubs: Toni Braxton Owes Up to $50 Million

Grammy-winning R&B singer Toni Braxton has filed for bankruptcy protection in Los Angeles in a last-ditch effort to pay off her debts, which she estimates to total between $10 million and $50 million. She claims medical bills to treat a heart condition are behind her drained bank account. However, this isn’t Braxton’s first time in [...]

Tuesday Top 5: How to Come Up With $100 Fast

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. When you’re a little short and need to come up with some cash within 24 hours, what are your options? We look at the five most common scenarios and analyze which ones [...]

Tuesday Top 5: Getting Out of Debt

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. You’ve heard of “good debt” and “bad debt,” but if your end goal is to be debt free, you have to just say no to any and all loans. That means you’ll [...]

Tuesday Top 5: Getting a Handle on Student Loans

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. For the first time in history, total student loan debt exceeds total credit card debt in the United States. Borrowers owe almost $850 billion for education, compared with $826.5 billion on credit [...]

Could You Be Denied A Bank Account?

If you’ve ever overdrawn your bank account, there’s a decent chance that a company called ChexSystems knows about it. Classified as a consumer credit reporting agency, ChexSystems operates a database that member banks can use to report bounced checks and other activity it classifies as “suspicious.” On the record, ChexSystems is a tool that banks [...]

Tuesday Top 5: Starting Small

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. The secret to wealth building isn’t necessarily stock-market prescience or a brilliant business idea. Everyone starts somewhere, and it’s often just a small decision that snowballs to big rewards. Take one of [...]

Could New Banking Rules Spell the End of Free Checking?

The Wall Street Journal took a fascinating look this week at how new banking regulations that were designed to protect consumers may instead lead to more fees: Bank of America Corp. and other banks are preparing new fees on basic banking services as they try to replace revenue lost to regulatory rules, in a push that [...]

Tuesday Top 5: Planning for a Big Purchase

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. If you have a major purchase on the horizon — be it electronics, home furnishings, or a vehicle — now is the time to start considering your options to keep costs low [...]