Category Archives: Finance

Gym Membership Contracts

Gym Membership Contracts

Before you sign a contract for a gym membership, read it carefully and understand what you are signing. Complaints about membership contracts are way up across the country. In 2012 in Utah, for example, the Better Business Bureau of Utah received 330 complaints involving gyms and their contracts–roughly double the number from 2011. Most ofRead article

Prepaid Funerals

Prepaid Funerals

Don’t buy a prepaid funeral plan. It’s wise to set aside some money to pay for your funeral in a savings account, investment account, or through life insurance, but it makes no sense to pre-pay a funeral because the cost of funerals is not going up any faster than the general rate of inflation. You’reRead article

Avoid Bank Fees

Avoid Bank Fees

Avoid paying unnecessary fees to your bank every month. Check with your bank and see how you can configure your account to avoid ALL FEES. Don’t get trapped into, “Well, it’s only $10 a month.” They all add up! There may be a minimum balance requirement. Decide if you can meet that consistently. If allRead article

Take Advantage of Low Interest Rates

Take Advantage of Low Interest Rates

Interest rates are at historic lows. If your home or car loan is older than a year, chances are that you could save lots of money by refinancing. If you have tried to refinance, but didn’t qualify, try again. There are new government programs now that may work for you. Lower Your Rate Refinancing aRead article

Ask for a Lower Rate

Ask for a Lower Rate

Ask and you might receive. When Money magazine called 10 credit card lenders and merely asked them to lower their interest rates, 3 out of 10 did! If you have a car loan, ask if they can reduce the rate of that as well. This could also work in other areas of banking. If yourRead article

Credit Card Rewards

Credit Card Rewards

Are you one of the many people who get no rewards from their credit card? If so, take a few minutes and switch to card that offers rewards. If you have a credit score above 700, don’t settle for less than 1.5% rewards on your credit card. Get the rewards you want. If you don’tRead article

Cash vs. Credit

Cash vs. Credit

Many people are finding that they can go cashless, since you can now pay for just about everything with debit cards, credit cards, or an app on your mobile phone. 40% of adults have gone cashless for an entire week. Although being cashless may be convenient, it can also be a threat to being thrifty.Read article

9 Ways to Build An Emergency Fund

9 Ways to Build An Emergency Fund

In the article “9 Ways to Build Your Emergency Fund,” Dave Ramsey suggests ways to build  a $1,000 starter emergency fund. Here’s a summary: 1. Get a second job. No fun, but it’s temporary. There may be some things you can do from home. 2. Sell some stuff. It’s likely that you have lots of stuff you reallyRead article

Pay Off Credit Card Debt

Pay Off Credit Card Debt

One of the first steps in wiping out debt is to pay off any credit card balances, since they usually carry the highest interest rates of any debt—today an average 15%. Here are 3 strategies for getting that balance paid off: 1. Pay it off with money from savings. If you have money in savingsRead article

Advice for College Seniors

Advice for College Seniors

Money magazine (May 2012, p. 12) offers the following advice for college seniors: “Don’t expect a job to come to you. Get out there and network with people.” –Matthew Doyle “Buy a used fuel-efficient car and brown-bag your lunch” –Christine Deloach “Always, always, always, spend less than you bring in.” –Barry Miller “Use only oneRead article