The term credit card churning is relatively new, but the process has been around for years. So, what is credit card churning? It’s the practice of repeatedly opening and closing a credit card to earn its signup bonus over and over. Churners amass tons of reward points or airline miles from credit cards that they have no intention of continuing to use or even keep open. You’ve probably seen ads or even received offers in your email or mailbox from credit cards that offer valuable points, miles, or cash back to new account holders. Most also require you to charge a certain amount of money to the card within a certain period in order to receive the new card bonus.Continue reading “Credit Card Churning: What is it and Should You be Doing it”
Working in the world of banking and finance, I often get asked by parents how early is too early to teach their children about money. When should they open accounts in their child’s name, should they give them access to it, or how soon is too soon to give them a debit card?
First and foremost, it ’s really never too early to teach children about money and finances, the earlier they learn the value of money and how to manage it the better off they will be later in life. Continue reading “Finances – What your children need to know”
Taking out student loans for college tuition and room and board is commonplace these days. If you recently graduated from college or decided to take a break from classes, be prepared to start paying back those loans 6 months from the time you leave school. While many students don’t pay close attention as those loans accumulate year after year, the lender does, and once you hit that 6-month threshold, expect those payment notices to start rolling in! Continue reading “When should you refinance your student loans?”
Whether you are a business owner, a salesperson, or a customer service representative, you’ve probably figured out that people hear, speak, and understand information very differently. Not surprising since every person is unique, BUT even though people make purchasing decisions very differently, they do it for the same reason. They either buy to gain pleasure or to avoid pain – that’s it! HOW they come to those decisions and work through the process is determined by their personality. To build those lasting relationships with customers and be able to close a sale, you must be able to read them and understand how they think and digest information. Continue reading “Want to increase your sales? Learn how to read your customer’s and their personality type”
The process of moving is stressful enough without factoring in the added costs of packing supplies, truck rentals, mover fees, etc. even if you are just moving across town. Knowing what you’ll need to spend, where you can save and being able to budget appropriately can help keep the stress down and keep some dollars in your pocket. Continue reading “How to save money when moving”
You’ve booked the flights and hotel, packed everything you need from bathing suits to running shoes, and set up someone to house sit and take care of the pets – you’ve covered all your bases for the start of an amazing vacation, right?! Almost! Setting up your finances prior to shuttling off to the airport requires some work. A short cash supply and a frozen credit/debit card during your trip can put a damper on your vacation really quick so make sure you take care of these before departing! Continue reading “Travel alerts – who should I call and why”