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The financial experiences people have early on, whether positive or negative, shape their relationships with money for life. They can affect how people handle paycheck deposits, savings accounts, bills, and credit cards well into adulthood.
Continue ReadingChildren are full of questions about most everything, including credit. From an early age, children can start to observe the different ways their parents pay for things and note that one of those ways involves using colorful, fun-looking cards! So, don’t be surprised if they start asking you about those cards.
According to a study by the Federal Trade Commission (FTC), one in five consumers have a potentially material error in their credit report that paints them as a higher risk than they actually are. So effectively disputing errors in your credit report is a valuable skill. Here’s how to go about it:
Time is a commodity most of us are lacking. Between work, chores, raising kids, taking care of ourselves, and hopefully finding a few minutes to unwind each night before getting up to do it all again, it can be tough to find the time to improve our situation. Particularly when it comes to finances, which, let’s face it, can be even less appealing than working out at your overcrowded gym after a long, tiring day.
Building credit can be challenging—particularly if you’re young, new to the world of credit, or if you’ve experienced credit issues in the past. You need a history of using credit responsibly in order to get credit, yet you need to be extended credit in order to establish a reliable credit history. So how do you get around this seeming Catch 22?
What is the best way to take money abroad? From currency conversion to using a credit or debit card abroad, there are numerous charges and price variances you should be aware of when you travel. The more money savvy you are, the more you can save—and the less you have to worry about your finances when you are on vacation or traveling for work.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.