Do you carry a credit card? If so, there’s a very good chance you have access to online account management. There aren’t too many credit card companies in today’s world that don’t provide cardholders with this feature. It’s important to understand t ...

A gas rewards credit card is exactly what it sounds like: you earn rewards for spending money on fuel. Just the same as any rewards card, you earn points for every dollar you spend. These points can then be redeemed for everything from cash back to ...

Are you thinking about trading in your current vehicle? Do you have reason to believe that now’s the best time to make this move, both from a personal and financial perspective? While the actual cost of the vehicle will impact your budget in many wa ...

If you fall behind on a debt, your creditor may extend an offer to settle the debt for less than the balance due. When you settle a debt, you pay only a portion of the balance due and the creditor cancels the rest of the debt. Settlement offers are t ...

With the increased amount of data breaches comes an increased need to protect your identity from being stolen. Once a thief has your personal and financial information, they can use it to make unauthorized charges on your account, open accounts in yo ...

FrankN created new blog entry What is BlockChain? in Saving and Investing 2 weeks ago

Last month, I wrote an article on what Cryptocurrency is. Given the increased demand around Cryptocurrency, I wanted to write a brief overview of the technology behind Cryptocurrency, which is blockchain. Below is a high-level summary of what Blockch ...

FrankN created new blog entry How Fed Interest Rate Hikes Affect You? in Credit Cards 3 weeks ago

You may have seen in the news lately how the Federal Reserve has increased the federal funds rate target range. If not, it is important to know in their March 2018 meeting, the Federal Reserve decided to increase its federal funds rate target range b ...

The landscape of healthcare and healthcare costs are dramatically changing. Many companies are now offering high coverage plans and many are pushing high deductible plans to its employees to help keep costs down and put the “cost ownership” in the in ...

The credit cards you open when you’re just starting out or repairing your bad credit aren’t always the cream of the crop. Sometimes even when you have great credit, you opt for a credit card without knowing you can qualify for something better. It he ...

ChrisB created new blog entry Why Should You Review Your Credit Report? in Your Money 3 weeks ago

Whether or not you review your credit report every now and again is a personal decision. Some people are in the habit of doing so, while others don’t see the point. As a general rule of thumb, you should request and review your credit report at leas ...

The federal funds rate, set by Federal Reserve, is the basis for the interest rates set by most financial institutions. While the rate directly affects the interest rate that banks loan money to each other overnight, it also indirectly impacts the in ...

latoyairby created new blog entry 5 Major ATM Mistakes to Avoid Making in Banking 3 weeks ago

ATMs are a convenient way to get cash from your account and make other bank transactions without having to go inside a bank branch, It's especially convenient outside of business hours or during the bank's busiest hours. But, remember may non-bank AT ...

Wanderer replied to the topic 'Is the interest rate ever going to rise?' in the forum. 3 weeks ago

Today you can see some really good rates for Savings and Certificate of Deposits. Some above 2%. Banks have some great promotions on CDs at the 9 month, 1 year and 15 month level. Credit Unions are making an effort to be on tops. Search around before investing and you will be surprised! Your big box banks haven't offered to join the race but others are being aggressive.

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Wanderer replied to the topic '2018 investments' in the forum. 3 weeks ago

Some ideas: Utilities (electric, natural gas, telephone, cable etc); Airlines (SouthWest, Delta, American, United, Alaska to name but a few); Technology (Apple, HP, Dell, Samsung, Vizio, Google, MicroSoft and so on); Financial (Bank of America, Citi Bank, US Bank, Capital One to name but a few); Automotive (Ford, GM, Toyota, various Trucks and others); Bonds; US Treasuries; Precious/Non Precious Metals of various types; Pharmacy/Drug & Medical Companies (Pfizer, CVS, Health Care providers); Retail (Amazon, Walmart, Costco and the like); Agricultural both the Manufacturers and Growers (people have to eat); Oil; and futures trading to name but a few. A few years back I purchased stocks specific to each one of these groups as well as things like balance strategies, mutual funds and Certificates of Deposits along with Money Market products. Did my own investing as I never had a professional make me any money after paying fees so I did research and took advantage of a number of tools and the use of an investment firms professionals that could provide specifics. Yes, it was a lot of work, needed to stay on top of happenings along with the year end and tax work. Did I make any money yes! Often I bought low and sold high. My biggest challenge was in not marrying the stock and remembering it was but part of a plan to make money. My mentions in this posting is not to recommend any thing I offered as part of my information but rather generate some thought. Many good companies exist and opportunities become available. "One needs to be ready to strike while the iron is hot".

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Wanderer replied to the topic 'Will you retire ?' in the forum. 3 weeks ago

An item of significance will be the amount of people paying into Social Security along with the amount of funds collected. Another words, there has to be enough money to cover retirement benefits with a sufficient reserve for future retirement liabilities. An accounting matter for sure. Problems come up when funds are removed for other non-retirement purposes such as Social Security Disability which really should have it's own funding sources and other uses of funds unrelated to retirement entitlements. Somewhere I was under the understanding that Social Security was part of the Trust/Agency Funds which from a legal accounting perspective equals a permanent restriction on use and all uses have to be related to the purpose of the fund (Governmental Account speak following Federal & Governmental Accounting Standards Boards requirements). For those not of an accounting background, it means Congress should not be tampering with the funds only to ensure sufficient cash resources for future retirees!

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Wanderer replied to the topic 'EQUIFAX Data Breach' in the forum. 3 weeks ago

What is the dark web?

While the deep web merely refers to websites that aren’t indexed by search engines, the dark web is generally made up of sites that require anonymizing software like Tor to access. It is used by people suffering under repressive regimes, but it also hosts sites dedicated to illegal activities, such as the sale of stolen data, drugs, or weapons. You can also find tools and tutorials on how to exploit specific vulnerabilities to steal sensitive data.

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Wanderer replied to the topic 'Credit' in the forum. 3 weeks ago

A thought ... as FICO Scores like a well rounded financial back ground the basic areas of Mortgages, Installment Loans and Bank Credit (Cards) come to mind. You added an important piece to the credit equation and it brought up your scores and the interest of perspective lenders when they run their preliminary screenings at the credit bureaus.

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Wanderer replied to the topic 'Teaching Your Children' in the forum. 3 weeks ago

Great undertaking. In my researching one of the comments I keep seeing from the twenty year old age bracket is the lack of any training at home or in school on how to manage daily living finances.

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Wanderer replied to the topic '2018 Tax Cuts' in the forum. 3 weeks ago

Good idea and you are not modifying your already in place budget, equals good use of funds. In my case, I am considering opening an investment account so I can stay revenue neutral as I am paying off other debts and the increase in pay ... putting the new freed up money into a self directed investment account (never made money using a stock broker - might as well lose the money on my own) :)

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Wanderer replied to the topic 'Disputing a Charge' in the forum. 3 weeks ago

Never heard of sending in a signature. With Visa, MasterCard, Discover and American Express removing the mandatory signature requirements from their merchant agreements effective to April 1, 2018 it seems very strange.

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