Understand Credit Card Grace Period Due Dates
Credit Card Accountability Responsibility and Disclosure Act of 2009
Getting control over your credit cards is one way to help begin frugal simple living. Credit cards are convenient and sometimes we have no choice but to use them. In some cases the only payment a merchant will accept is a credit card. Other times when we don’t have the cash available and we have to spend the credit card is the only way. So credit cards are part of life and we have to accept that.
Categories: Credit Cards, Credit Cards, Debt Management, Money & Finance Tags: credit cards, debt management, frugal living, grace period
Frugal Living and Loving It
Frugal Living and Having Fun
What does “Frugal Living” mean to you? Probably it raises visions of generic brand food products, rinsing out plastic bags to reuse again and generally making do with less.
Most of us feel frugal living is just a rationalization for a reduced income. If we live in a frugal way it is because we just don’t make enough money to live in an enjoyable way. When you put it that way it certainly does not sound appealing.
Pros and Cons of Reverse Mortgages
Interest Rates on Reverse Mortgages
Here is some advice on what to consider before taking a reverse mortgage from the AARP
Do you really need a reverse mortgage?
Financially these are expensive so you must be very careful when you consider this option.
Can you afford a reverse mortgage?
These loans are expensive and the amount you owe grows larger every month. Also, due to high up-front costs, these loans can be especially costly if you sell and move just a few years after taking one out.
Can you afford to start using up your home equity now?
Do Bad Credit Reports Affect Your Job Prospects?
Credit Rating Scores
Did you know that employers may consider your credit rating and history when they are deciding whether or not to hire you. A bad credit report could keep you from getting a job. Currently, Congress is considering blocking employer access to most credit-report data, but for now it is still legal for companies to consider it. Jason Morris, president of a company that runs background checks for businesses, says employers should have access to the data. “If an employer is on the fence about an applicant, credit reports can be valuable—particularly if the job includes fiduciary responsibilities,†he says.
Keep Your Savings Safe
Money Saving Secrets
Keep emergency cash in the right place - Basically you want something that pays some decent interest but you can access fairly quickly. Parade magazine reports that for the next year the federal government will most likely offer guarantees on many money market funds – investments provided by large mutual-fund companies that offer a return typically higher than passbook savings. Investors usually receive a checkbook so they can begin withdrawing funds immediately. Bank certificates of deposit are another options. These are insured by the government as long as they don’t exceed $250,000 per depositor. You can’t access you money right away without paying a penalty, but CDs generally earn more than a passbook savings or checking account.
Categories: Debt Management, Money & Finance Tags: debt reduction, get out of debt, job loss, layoff, money saving secrets, savings, savings account, unemployment
