January 4, 2011 – 6:05 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. Are you still sticking to your New Year’s resolutions? Good for you! You’ll hit your financial goals for 2011 even faster if you break these five common money-wasting habits. Fully fund an [...]
Posted in Budgeting, Econ4U, Education, Personal Finance, Saving Money, Tuesday Top 5
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Also tagged Budgeting, loans, managing money, Personal Finance, Saving Money, tips
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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. We’re all for the occasional splurge — provided, of course, that you can still pay your bills at the end of the month. But there are a few indulgences that are completely [...]
January 19, 2010 – 6:52 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. Have you broken your New Year’s financial resolutions yet? If so, today’s edition will help you get back on track by pointing out the most common banking mistakes people make — and [...]
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 [...]
Wondering how banks are coping with the recession? Easy: They’re dipping deeper into the pockets of consumers who make banking mistakes. The Washington Post yesterday reported on a topic we’ve covered in depth: increased banking fees. Customers are paying more to maintain a checking account and withdraw cash from an out-of-system ATM, and when they bounce a [...]
In a move that will come as a surprise to exactly no one, Bank of America recently announced that its overdraft fee is increasing by $4, a whopping $39. The national average is $28.95. This is hardly unusual behavior. Banks and credit unions make quite a bit of money through fees, so for consumers there are lots [...]
Today I bought a ticket for the Band of Horses concert in Baltimore. As you can see at this link the tickets are going for $25. But by the end of the transaction, I was paying $33.50 thanks to $2.50 in taxes and $6 in fees. $2 of that fee was assessed when I chose to print the ticket on my own computer! So I ended up paying a fee that amounted to 24% of my purchase, which is more than fees for a $25 ATM withdrawal, short-term loan, or wire transfer. The only scam worse is those pesky overdraft fees (which can run $35 a pop even if you only go over by 1 penny)!
