It is quite normal for different credit unions and banks to process certain transactions, even if there happens to not be enough money in your account. It seems like a nice little favor on their part but reality sets in when they slap you with overdraft fees. If it has every happened to you, you already know that even a $3 dollar transaction can leave you paying $35 dollars in fees. [Read more…]
10 Tips For Investing In Mutual Funds
Mutual funds have been a very popular investment used to save money and create wealth for quite some time. The problem is that a lot of people don’t even understand what exactly they are, or how they can benefit investors. Thus, a few things need to be clarified so that everyone can understand mutual funds a bit more. So get comfortable and read through these 10 essential pieces of information when it comes to mutual funds. [Read more…]
Learn How to Save Big Money Banking
Banking, savings, and personal finance can be an extremely complicated matter. However the good news is that it does not necessarily have to be. In order to gain as much financial success as you can you need to get a good grasp of the basics, keep in the right mind set, and start making your money work for you. Let’s get right into some of the basics with these 10 facts you need to know about banking. [Read more…]
Organization Your Personal Finance in 4 Steps
When it comes down to it, personal finance has a lot to do with organization. You can make all the right decisions, invest in all the right places, and know about all the right options, but if you cannot keep track of it all it can turn out to be a lost cause. With that said, here are some quick and easy tips on organizing your finances and getting your money in order. [Read more…]
Risking Your Financial Stability for Short Term Growth
Is there really such a thing as short term growth? It seems that so many of us are aching to make smart investments that pay off big in a short time period, but this leaves our finances in a risky spot. It is not always worth shooting for that big pay off. You really shouldn’t look at investments the way you look at a lottery. All in all, the term short term growth is sort of misleading. In many cases there is no such thing. [Read more…]
Lump Sum Pension Plan vs Monthly Pension Plan
When it comes to pension plans there is often not a more commonly discussed question than the lump sum vs. monthly payout query. While it does come down to personal preference for many, there are a lot of factors that come into play. [Read more…]
3 Most Common Money Management Mistakes
It is easy to fall into a financial mess, especially these days. It also seems impossible to keep up with all the financial advice, news, and information that comes out each day. While it is true that solid financial advice often stays the same, new mistakes and poor money management options seem to sprout all the time. [Read more…]
Creating A Monthly Budget to Save You Money
Personal savings are reaching an all time low these days as people are spending more, yet earning less. Savings are an integral part of a steady future and should never be ignored, no matter how dire things look at the moment. The best way to ensure that you are on track and staying within your means is to plan a monthly and yearly budget. [Read more…]
4 Tips to Avoid an IRS Audit by Steering Clear of Red Flags
There is often nothing more annoying, stressful, and downright upsetting than finding out you have been selected for an audit. The questions that come around are almost impossible to answer and the entire process is intimidating and never pleasant. [Read more…]
401k Contribution Limits, Rollover and Withdrawal Plan
Trying to figure out how much you should be contributing to your 401k can almost seem like a full time job, in and of its own. The same system for planning retirement simply does not work for everyone. When you are trying to come up with an appropriate figure there are a few questions you need to ask.
You should question yourself on how much you should be saving and what types of accounts you want to be using. Here is a quick run down on how to go about figuring out the answers to [Read more…]
Fight Back Against Increased Credit Card, Bank and Mortgage Fees
Times are tough for everyone. Not only are consumers such as yourself feeling the heat of the recession, but major companies are as well. In order to cover the losses that banks and credit card companies are dealing with they are charging you more. [Read more…]
