Money Management

Money Management

Trash Those Balance Transfer Checks

Have you been getting a lot of balance transfer credit card checks in the mail recently? If so, you're not alone! As the holiday season quickly approaches, credit issuers know there are a lot of consumers in need of some extra financial help this year. And what can be more enticing than a blank check in the mail that simply needs to be signed and deposited?

on Sun, 2012-01-01 16:00

Use Your Flexible Spending Accounts by 12/31

FSAs (Flexible Spending Accounts) often allow you to set aside up to $5,000 pretax for medical expenses. While this can be a great way to help reduce medical costs throughout out the year, most companies also require that you use those funds by December 31st.

Some companies may give you a grace period until March 15th, so check with your employer if you're not sure. However, if you simply forget about your FSA and fail to clear account your account by the deadline, it will reset in the new year and your hard-earned cash will be gone for good. Don't let that happen!

on Mon, 2011-12-19 16:00

Always Pay in Local Currency When Shopping Overseas

If you're traveling out of the country for the holidays, here's a quick tip to help make the most of every dollar you spend abroad. No matter where you're traveling, always pay in the local currency when using your credit cards.

on Mon, 2011-12-12 16:00

Layaway is Making a Comeback

Think layaway was just something your grandma used to do? Wrong! Major retailers such as Walmart, Kmart and Sears are expecting huge growth in the popularity of their layaway programs this holiday season.

As consumers continue to struggle through tough economic times, many shoppers have no access to credit but still want the option to pay over time and have a payment schedule. Layaway programs fit this need, generally offering payment plans that range from just 4 to 12 weeks with no interest.

on Wed, 2011-11-30 16:00

Register for Small Business Saturday and Get $25 from Amex

Small Business Saturday 2011 is just one week away, so don't forget to register your American Express card this week! Trust us, you don't want to miss out on this opportunity.

After registering, all you'll need to do is spend at least $25 at a small business next Saturday, November 26th, and then Amex will provide you with a $25 statement credit. No strings attached—it really is that simple.

on Thu, 2011-11-17 16:00

Online Holiday Shopping: 5 Tips for Bargain Hunters

Black Friday ignites a sense of unbridled excitement in many holiday shopaholics. For the rest of us, it's cause for nothing more than another good reason to stay close to home, sit by the fire and enjoy an extra cup of hot chocolate while the masses fight it out on the busiest shopping day of the year.

on Sun, 2011-11-13 16:00

Paying Taxes on Credit Card Rewards

Expecting a big check this year from your cash back credit card? We hope so. If you are, you may also be wondering if this is considered income and taxable by the IRS.

While it's no secret that the IRS wants to categorize as much as possible as income, Uncle Sam hasn't decided he wants a big chunk of your credit card rewards too. In fact, credit card rewards are typically considered rebates, not income, so they're not included in a taxpayer's gross income.

on Wed, 2011-09-28 17:00

ATM Cards vs. Debit Cards vs. Credit Cards

These 3 types of plastic may look alike, but they have very different uses.

For example, ATM cards can generally only be used to withdraw cash from an ATM. Debit cards, on the other hand, double as both an ATM card and a way to make purchases directly from your checking account without having to write a check. When given a choice, most people prefer debit cards to ATM cards since they are more convenient.

on Mon, 2011-08-22 17:00

Make Good Use of Your Tax Refund

The average American taxpayer received around a $3,000 check from Uncle Sam this year. If you're still sitting on your cash trying to decide how to spend it, here's what you should do:

1.) Pay Down Debt: This is always the first option. Want to earn yourself more than a 20% return on your money? Pay off those credit card balances!

2.) Pad Your Savings: If you don't have any high interest debt to worry about, pad your emergency savings or fund an IRA to make sure you're maximizing retirement savings.

on Thu, 2011-05-19 17:00

Good Credit Saves Big Money

Everyone loves finding new ways to save money. Some people obsess over cutting the little things from their daily routine, like lunches out with friends and $4 lattes. And while there's nothing wrong with frugality, the truth is a lot of people tend to overlook other areas in their life that could save them much more in the grand scheme of things.

on Wed, 2011-05-11 17:00