Category:
Personal Finance

Credit Card Myths and Facts

Six Credit Card Myths Debunked

By Joey Johnston | October 24, 2016

Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…

Personal Financial Calendar 2017

Your Personal Financial Calendar for 2017

By Joey Johnston | October 21, 2016

Have you ever wondered, as you peered enviously over the hedge at the neighbor’s place, whether that shiny Beemer in the driveway and newly remodeled pool in the backyard are…

Money Secrets and Lack of Planning Harm Retirement Dreams

By Joey Johnston | October 20, 2016

By all accounts, David and Margie Stapleton did an admirable job reaching their financial goals before retirement. They have a minimal home mortgage and moderately low debt. Their three children…

flag election buttons

How a Clinton or Trump Presidency Will Impact Your Finances

By Joey Johnston | October 19, 2016

This might bore you, but the following story on the presidential election does not address beauty queens, philandering husbands or locker room talk. It does, however, address how a President…

No Credit Card Debt For Millennials

Millennials Reject Credit Cards and Credit Card Debt

By George Morris | August 30, 2016

If you want to break up the loud party that your neighbor’s millennial kid is throwing in his basement bedroom, don’t call the cops. Just barge over and pass out…

Man burning interest percent

How To Reduce Credit Card Interest Rates

By Tom Jackson | August 18, 2016

How to Reduce Credit Card Interest Credit cards have some great perks (who doesn’t love cash back?), but pesky high interest rates can cancel out those benefits. High interest rates…

young man paying bills at desk

FINRA Study Shows Growth In Financial Capability

By Joey Johnston | July 28, 2016

Nearly one-third of American consumers find it easier to pay their bills, have more opportunities to save money for the future and more confidence in their overall financial situation. That…

Debt Snowball Vs. Debt Wrecking Ball

Debt Snowball vs. Debt Wrecking Ball

By George Morris | May 10, 2016

Dave Ramsey has made the term “Debt Snowball” famous, but if you’re buried under an avalanche of debt, is his remedy more like a debt snow job? Ramsey disciples would…

6 months zero percent interest

The Truth About Zero Interest Credit

By George Morris | March 17, 2016

You’ve seen the signs at retailers: No interest for six months, 1 year or longer. Typically zero interest credit opportunities are tied to the purchase of big-ticket electronics and furniture:…

how to spend tax return

How To Spend Your Tax Refund

By George Morris | February 22, 2016

It’s tax time. And for most us, this is the only time of year we get a windfall bigger than credit card rewards or grandma’s Christmas check. In fact, the…

Sources:

  1. Sisolak, P., (2016, 29 February), 5 Credit Card Myths That Could Hurt Your Credit Score. Retrieved from: http://clark.com/personal-finance-credit/5-credit-card-myths-that-could-hurt-credit-score/
  2. Irby, L., (2016, 26 June), Dos and Don’ts of Using Credit Cards Wisely. Retrieved from: https://www.thebalance.com/dos-and-don-ts-of-using-credit-cards-wisely-960198
  3. Morell, J., (2016), 7 Credit Card Myths Debunked. Retrieved from: http://www.creditcards.com/credit-card-news/7-credit-card-myths-1267.php
  4. Lockert, M., (2015, 19 October), The 4 Biggest First Credit Card Myths: Busted. Retrieved from: https://www.creditkarma.com/article/4-first-credit-card-myths-101915