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Where Does Your Money Go?

October 10th, 2014 by Alice Bryant
Many a person has found himself asking one particular question over and over again. “Where does all my money go?” A financially literate person will know the answer to that question. According to the United States Government Accountability Office, financial literacy “is the ability to make informed judgments and to take effective actions regarding the current and future use and management of money.

Are Americans Going Abroad to Get Jobs?

October 8th, 2014 by Alice Bryant
After a long trend in America of workers showing little to no interest in seeking work in other countries, the times are beginning to change - especially among younger people.
 

U.S. Dollar Reaches 4 Year High

by on October 2, 2014

The U.S. Dollar Index, which measures the value of the United States dollar against foreign currencies, has reached its highest level in over four years. For a long time, the dollar has been the world’s top business currency. However, the struggling recession had caused many to question the dollar’s “safety” as an investment. With this new high though, America is regaining its strength and showing its economic improvement compared to the rest of the world. At the same time, the Euro and Japanese Yen have been getting weaker due to these countries’ economic problems.

Who Are the Richest People in America?

October 2nd, 2014 by Alice Bryant

In recent years we have seen a boom in stock market growth, benefiting the richest people in the US greatly. Though good for those at the top of the income ladder, it has made it more difficult for those coming into wealth to join their upper echelons of wealth. Even the famous Forbes 400 has increased the base wealth of those considered in their listing of wealthy Americans to $1.55 billion, the highest it has ever been. 

CitiBank Announces New Access Account

by on September 26, 2014

Citibank announced Tuesday the launch of its new Access Account. This account will be a checkless banking account that doesn’t allow customers to overdraw their accounts or incur fees. According to Head of U.S. Retail Banking at Citibank Will Howle, “The new Citibank Access Account provides customers with a simple way to manage their finances.” As a checkless account, the Access Account uses online or mobile payment tools instead. The account will simply deny a transaction if you try to make a purchase without enough money. This will make sure you do not incur any overdraft fees.

Are Checkless Checking Accounts the New Thing?

September 25th, 2014 by Alice Bryant

Retail banking firms are frequently searching for cost effective methods to attract new account holders. Implementing a program that saves time for banks and for consumers could be a winning formula. Recent trends have revealed that several retail banking giants and other financial institutions are enabling consumers to establish a checking account without the issuance of a checkbook. 

Why Is Your Credit Card Getting Declined?

September 22nd, 2014 by Alice Bryant
Most people have had the experience of having a credit card declined while making a purchase. Whether this occurs in a retail store, a restaurant, or when ordering products or services on the Internet, it is both inconvenient and upsetting to many consumers. Some buyers may realize that they are using an expired charge card or one on which they have charged to the limit. Others may be perplexed, wondering what the reason for card rejection by the merchant could be. The following are 10 reasons your credit card is getting declined: 
 

U.S. Poverty Rate Drops to 14.5%

by on September 19, 2014

In the first time since 2006, the U.S. poverty rate has dropped. The U.S. Census Bureau reported Tuesday that the nation’s poverty rate fell to 14.5% in 2013, down from 15% a year earlier. This is the first drop in poverty since 2006, when it was 12.3% Although this may seem like a minor change, this is the first statistically significant decline since the recession, proving that Americans are slowly rebounding.
 

Budgeting for Study Abroad

September 15th, 2014 by Alice Bryant

Students can truly benefit from studying abroad. With our globalized society providing jobs all around the world, students who immerse themselves in other cultures will have the upper hand. Students can expect to get practical knowledge and understanding while having the time of their lives. That being said, studying abroad is not cheap. There are a number of different costs associated with the experience, requiring a lot of strategic budgeting to succeed. 

All You Need to Know About FICO 9

September 9th, 2014 by Alice Bryant
FICO is the source most lenders use to determine a borrower’s credit score. FICO uses an extensive formula intended to assist financial organizations with making high-volume, complex financial decisions. However, FICO recently announced a new formula called FICO Score 9. Unlike the current model, FICO 9 will remove collection agency accounts which were settled or paid in full. The new formula also distinguishes between medical debt and other forms of unpaid debt.
 

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