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Tag Archives: credit cards

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 [...]

Tuesday Top 5: How Not to Use Your 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. 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 [...]

Tuesday Top 5: How to Beef Up 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. 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 [...]

Econ4U Explains: Penny Wise But Pound Foolish

On the final day of Financial Literacy Month, now would be a good time to explain the proverb “penny wise but pound foolish.” So many other personal-finance blogs focus on ways to save money on things like gas, energy bills, and the ubiquitous $4 latte. But if you’re saddled with a huge car payment, struggling [...]

New Credit Card Rules: What You Need To Know

This week, the Credit CARD Act of 2009 finally goes into effect. Some parts of the law were phased in as early as August of last year, but consumers had to wait until now for most of the biggest changes. For the most part, the new rules will just stop problems before they start – [...]

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-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 [...]

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 [...]

The gift you DON’T want this Christmas? A bad credit score.

We’ve written recently about credit reports, credit scores, and how you can go about improving both. These topics are on the minds of many Americans as they balance their gift lists with their bank accounts during the Christmas season. But buyers beware – those good sales that stores offer through their brand-name credit cards could [...]

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 [...]