Sen. Elizabeth Warren has introduced a bill which would make it unlawful for potential employers to carry out credit checks as part of the hiring process, creating a precedent that may strongly influence US law on the matter. Her legislative initiative is co-sponsored by six fellow Democratic senators and according to Warren, also has the support of more than 40 …Read More »
You and Your Credit Report
Many of us are confused about the way that our credit report is used as a factor for approval when applying for credit. Banks, short term money lenders, cell phone operators and even stores offering purchases on credit may access your credit report to understand what your current credit status is. They will look at your score overall as well …Read More »
Tips For Living Comfortably on a Budget
In this day and age it seems most of us need to tighten our purse strings a little (or a lot) to deal with the economic stress. Most of us need to live ‘within our means’ as difficult as that can be at times and that usually means a limited budget (for most.) Since the dreaded recession in 2007, the …Read More »
Crucial Decisions: Saving Money for Retirement or Your Kids’ College?
Daily financial struggles can transcend to something even more important: your family’s future. If you think you don’t have the resources to save for both your retirement and your kids’ college, there are several facts you need to consider before you choose one over the other. You Can Borrow for College, but Not for Retirement People use loans to buy …Read More »
Should I Invest in Bitcoins?
Recently, a friend of mine suggested that I follow his investment path and invest in Bitcoins. It’s not an easy decision to make – Bitcoin is a relatively new-age concept and understanding how it works is not simple. From a pure investment perspective, it works similarly to stocks… you buy at a certain price and the worth of one bitcoin will go up or down. At that point, you …Read More »
Teaching Teens About Financial Responsibility Using Debit Cards
It’s important for parents or guardians to teach their children about money as early as possible. The epidemic of college students getting into debt through a combination of financial ignorance and the lure of easy credit tells us that financial education is as important a part of child rearing as anything else. It’s reported that 76 percent of college students …Read More »
Does Daylight Savings Really Save Money?
I remember very clearly the first time I experience the political phenomenon known as daylight savings time. It was in 2003, when I was 18 and I was abroad (we don’t have daylights savings time in Bolivia). Messages were everywhere reminding us to switch the time in our clocks and I was confused by it all – why where we doing …Read More »
Important Things Most People Forget to Include in Their Budgets
Most people want to become a bit more money conscious and save a few dollars. The problem is, that when preparing budgets, most people forget to include some vital things that can turn your money saving efforts sour by the end of the month. We’ve prepared a list of things not to forget when preparing your budget! Annual Payments Things …Read More »
Spring cleaning can affect your taxes. Yes, here’s how!
We don’t think of spring cleaning as anything more than a pain. But it comes with some really great tax advantages. Here’s how you can save some money by being charitable this financial year!Read More »
A Roundup of Reviews on the Mint Finance App
As frugal lifestyle bloggers, we are always on the lookout for tools and technology to help ourselves and our readers better manage their personal finances. Mint is one such tool. Purchased a few years ago by Intuit, Mint is a great online service to help you better manage your personal budget and spending patterns. What’s So Great About Mint, Anyway? …Read More »