Last summer, we touched on whether refusing to pay your debt at some point becomes a moral issue. In this week’s New York Times, the topic proves timely still. The article follows the Pemberton family in St. Petersburg, Fla., who have stopped paying their mortgage so they can put their money to more fun use, such as trips [...]
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. Student loans are intended to pay for your education, but I’ve known a few people who took liberties with exactly how they used that money. Here are some of the worst ways [...]
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. By now you know why a ship-shape credit score is in your best financial interests: It helps you qualify for the lowest interest rates on mortgages and other loans, saves you from [...]
April is not just tax season, it’s also Financial Literacy Month. So now is the perfect time to test your money knowledge on one of our 10 quizzes. Think you’re an expert on entrepreneurship? How savvy are you on saving? Can you cut it when it comes to credit cards? Or if you’re really up to [...]
Are you one of the millions of Americans plagued with credit card debt? At the end of 2008, Americans’ credit card balances totaled upwards of $970 billion, with an average debt per household of $8,329. Fox Business profiled seven individuals who learned from their own credit disasters and transformed their plastic practices. You can learn a [...]
February 26, 2010 – 3:38 pm
You may have noticed that different kinds of loans tend to have very different interest rates. For example, a typical 30-year mortgage today has an annual rate of about 6% (which is very low by historical standards). That might not seem like much, but 30 years is a very long time. Imagine you’re buying a [...]
Also posted in Mortgages, Personal Finance
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Tagged APR, Credit, financial advice, interest, interest rates, loans, managing money, Payday Lending, payday loan, tips
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January 15, 2010 – 5:48 pm
Booking your spring break trip to Cancun soon? Here’s something to keep in mind: Almost every major credit card carries an “international conversion surcharge” of up to 5 percent on every purchase you charge in a foreign country. The fee isn’t listed separately on your bill so you wouldn’t even know anything fishy was afoot [...]
January 14, 2010 – 10:10 am
If you’re working on Capitol Hill, you may have joined us Tuesday for our webinar on credit markets and personal credit history. In line with that topic, there’s good news on the horizon for consumers concerned about the effect credit scores have on the terms they’re offered from a lender. Starting in January of 2011, [...]
December 23, 2009 – 3:38 pm
Hannah’s post yesterday on how to get out of credit-card debt referenced the Federal Reserve’s most recent Survey of Consumer Finances, which is full of fascinating data about which households are the most likely to be in debt. Overall, 46.1 percent of American households reported holding debt on credit cards. But a look at who [...]
December 22, 2009 – 4:20 pm
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. I was recently reviewing the Survey of Consumer Finances, published earlier this year using data from 2007. I thought it was interesting that only 46.2 percent of American households reported having credit-card [...]
