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Is Paying the Minimum on Your Credit Card Statement Keeping You In Debt?

The 2009 Credit Card Act made it necessary for lenders to give their customers more detailed information pertaining to their bills. As a result, credit card statements now include information pertaining to minimum payments, overall balances, due dates and the amount of time that it will take to pay the full balance on an account when making minimum payments. This information has been available to consumers since 2010, although it has long been possible for people to make these calculations themselves. 

Should You Manage Your Own Money?

Whether you have an education in finance and understanding how credit works or if you are simply interested in getting smarter with your finances altogether, determining whether or not you should manage your own money greatly depends on your future goals, your own ambitions as well as your ability to stay focused and organized on your own. Knowing how to manage your finances or when to turn to a professional can ensure you are capable of avoiding debt at all times, regardless of any monetary-related situation you may find yourself in.
 

Saving on Summer Travel

Summer break is getting close, and that means sunny skies and long, beautiful days. For many people, this is the perfect time to travel. But with high gas prices and expensive costs, a lot of consumers end up spending an arm and a leg on their summer travels. This doesn’t have to be you though. For those of you thinking about taking a trip this summer, there are easy ways to save, while still having an epic vacation.
 
So what should you do to save?
 

Credit Unions vs. Banks: Where Should You Put Your Money?

Credit unions have increased in popularity ever since the financial crisis. With the Occupy Wall Street movement and Bank Transfer Day, many people have become more skeptical of large banks and their profit-making measures. As a result, a lot of consumers have turned towards credit unions as a safer way to store their money. But don’t just automatically switch to a credit union because everyone else is doing it. There are pros and cons to both credit unions and banks. Check out the following before deciding what’s best for you. 
 

Should You Use Your Retirement Account to Pay Off Debt?

Using retirement funds to pay off high-interest credit cards, or outstanding financial obligations, is a common, yet less advised method of managing expenses. Liquidation of a retirement fund often does allow you to fully pay off your accounts owed. However, before making the decision to tap into your retirement savings, or transfer your assets to cash, review the terms and conditions for early withdrawal from a 401(k) or long-term investment.

Protecting Yourself From Credit Repair Scams

In an economy where more and more people are struggling than ever to survive personal financial disasters, advertisements for repairing credit can be very tempting. No matter where you look – TV, the Internet, or radio, there’s always an offer that claims they can miraculously pull you out of your credit slump. The truth is, if there were a quick easy fix that cured credit woes, wouldn’t everyone be doing it? Then again, there are a few credible credit counseling agencies out there that can indeed assist you in clearing up your financial issues.

Tips for Financing College

Congratulations, you’ve been admitted to college! But what now?
 
College is incredibly expensive, with students spending $25,000 - $50,000 a year on tuition alone. Then, there’s the cost of books, housing, food, and more. There is financial aid, but it can often be tricky to land. With the large influx of middle class students, it can be very hard to get the financial aid you need. And it doesn’t mean you have the money to pay for it by any means. But you’re still stuck with a huge bill.
 

Credit Monitoring vs. Security Freeze: Which Should You Do?

Now more than ever, it is important to protect yourself from hackers. With the recent large scale security breaches at Target and other retailers, identity theft has hit home for many consumers. And those who were affected are probably looking into all the ways to protect their credit. 
 

Should You Use a Credit Card to Pay Your Taxes?

If you’ve waited until now to file your taxes, you must be feeling the pressure to finish them fast. With just days to go until the April 15th deadline, it’s time to stop procrastinating and get it done. And the first step is figuring out how to pay your taxes. There are many ways to do it, but using a credit card can be a convenient and easy way to pay them. 
 

How Does Divorce Affect Your Credit Score?

For anyone who’s gotten divorced or is currently in the process of getting one, you know how painful divorce can be. And apart from the emotional strain, you now have to think about your finances too. A common concern among divorcees is what will happen to their finances once they separate. How will divorce affect their credit? Will it be damaged?  
 

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