» credit cards

If you are a collector of the penny, you may be out of luck soon. There have been numerous attempts to stop the production of the penny. Now, recently the U.S. Mint released a report showing that it costs 2.4 cents to produce the penny. Why are we continuing to produce something that costs more than it is worth? This is the question that President Obama would like to hear an answer to. He recently stated: “We have been trying to eliminate the penny for quite some time — it always comes back,” Obama said during a 2008 campaign appearance. “I need to find out who is lobbying to keep the penny.”

Canada chose… » Read more

With consumer debt causing millions of American families distress, it is a good time to start focusing on setting savings goals. Teaching your children to save from a young age may prevent them from joining the ranks of others totaling $858.4 Billion in consumer debt. This averages out to $7,194 per credit card in debt. Since 46% of Americans have credit card debt, learning how to save is more important than ever! Here are some ways to focus on saving at any age.

Young Children

Take your children to a local bank and open a savings account. This is a simple way to teach elementary-aged children about banks, savings accounts, credit cards, checking accounts, and retirement accounts. While… » Read more

Millions of Americans swipe their debit cards all over, without realizing what type of dangers may lurk. A debit card holds access to your personal bank account, where you likely hold all of your money. If you are the unfortunate victim of identity theft, you can quickly lose your entire savings. It can often take a year or longer to fix the damage brought on by identity theft. What can you do about this situation? Carefully monitoring your accounts can prevent you from dealing with serious identity theft concerns. Here are some tips to protect your debit card from theft.

The best thing to do is to use a credit card at places that may… » Read more