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Category Archives: Education

Tuesday Top 5: Dumb Banking Mistakes to Avoid

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 how [...]

Sneaky Fee of the Week: Currency Conversion Penalties

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 [...]

Credit Market Update: More transparency in credit decisions coming in 2011

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, the [...]

Credit-Card Debt and Keeping Up With the Joneses

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 is [...]

Tuesday Top 5: Getting a Handle on Consumer 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.
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 debt, [...]

Sneaky Fee of the Week: Holiday Air-Travel Surcharge

If you’re one of the millions of people who will be boarding a plane in the coming week, you should probably know that you’ve paid an extra $20 for the privilege of going through airport hell over the holiday season.
The four biggest carriers levied a holiday air-travel surcharge  – labeled “miscellaneous surcharge” on your e-ticket [...]

Tuesday Top 5: Year-End Tax Savings for Entrepreneurs

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’re a small-business owner, you’ll want to pay close attention to today’s column. You may just qualify for one of the following deductions, which could save you major money on your taxes [...]

Could Santa Bring Savings This Christmas?

With the holiday season upon us, most shoppers will be putting the finishing touches on their shopping in the next couple of weeks. We’ve shown in the past that shopping provides an opportunity for money management through assessing costs and budgeting money.
An Associated Press article today notes that the economic downturn opens up an extra [...]

Tuesday Top 5: Budgeting for Dummies

Welcome to this week’s edition of our Tuesday Top 5, our weekly tips post to help you manage your money in five easy steps.
In honor of the newest addition to Econ4U’s Money Matters section, today’s tips center on how to make — and stick to — a realistic budget. If you don’t have a budget or [...]

Tuesday Top 5: The 5 Best Uses for $1,000

Welcome to this week’s edition of Tuesday Top 5, our weekly tips post to help you manage your money in five easy steps.
While $1,000 may seem like a genuine chunk of change, in reality it’s not hard to save up that much with a little discipline. You’d save that much by giving up your daily $4 [...]