The final provisions of new credit card legislation aimed at protecting consumers won’t go into effect until February. What this means is that right now, while consumers are relatively unprotected, credit card companies are raising rates and adding fees to reap in as much profit as possible from their customers before such strategies are …
Poker teaches important lessons about saving and investing. Foreclosures are better than mortgage modification programs. Debit card overdraft fees are good for consumers. PMS is responsible for impulse purchases. There is no shortage of strange theories out there—and some of them are actually plausible.
One of the frustrations of modern life is that often, you must spend money simply to get your money. I speak of the $3 fee for using an ATM not affiliated with your bank. Now, there are apps for the iPhone and other smartphones to help you avoid ATM fees, as well as other charges, including the ever-annoying overdraft.
Banks have grown accustomed to reaping in big bucks off of overdraft fees—$35 or so assessed each time a customer uses a debit card when there’s not enough money in the account to cover the tab. This year, banks are expected to take in more than $38 billion (!) in such fees.
Economists say the only way you can get your finances in better shape is to save more and spend less. Economists also say that the way to get our national economy in better shape is to have people spend more—and therefore save less. So basically, right now, we should all be spending more and saving more. Right …
You’d think that a credit card customer who pays his or her bill on time is a good customer. But these customers don’t make the banks and credit card companies money—at least not enough of it.
The dreaded “early termination fee,” or ETF, can hit you with a fee of $100 or more if you dare try to get out of your cell phone contract before the contract runs out.
The recession has been a major kick in the pants—but is that exactly what you needed? For folks who underwent big career shifts they were more or less forced to make, and who are happy about the changes, the answer is most definitely yes.
It’s time for another roundup of money-saving lists, with places to eat for free, household items you can recycle lickety-split for cash, and some unusual schemes—like taking advantage of your local library’s lost and found to snag a free umbrella.
Thanks to the recession, people—people with jobs anyway—are paying off their credit cards and saving more. But no one seems to know where to put the money they’ve worked so hard to save.
Can your credit card company increase your minimum payment? Close your account when they feel like it? Cut your credit limit? Change your fixed rate to a variable rate? The answer is yes to all of the above.