If your teenagers are like many, they probably think they already know the ins and outs of just about everything including money and credit. They are yearning for their first debit and/or credit card, thinking about buying their first car and also looking at college and the dollars associated with a 4-year degree.Continue reading “Teaching Your Teens about Credit”
Whether your child is an upcoming Freshman or a returning Junior, it’s never too early to start planning for the upcoming college school year. Like most parents, you probably want to assist your child with the cost of college tuition beyond any scholarships, grants, or student loans of their own. If you need to borrow money, you may need to decide which is the best option for you – a Federal Parent PLUS Loan or a Parent Private Student Loan.Continue reading “Student Loans – How to choose between Parent PLUS Loans vs. Private Parent Loans”
It’s officially SAT season, and for many students, that can mean full on panic mode. BUT it doesn’t have to be. With dedication and practice students can work through every question on the SAT but add in time management and it could be the difference between a mediocre score and an outstanding one.Continue reading “Students: How to Avoid Running Out of Time on the SATs”
No one wants their college application to end up in the rejection pile, and while having perfect grades and a robust resume of volunteering and extracurricular activities will help you get accepted, it won’t guarantee you a spot on next year’s roster. One way to increase your odds of acceptance is by submitting a pristine application that shows a clear understanding of your identity and goals.Continue reading “Common College Application Mistakes that Can Put You in the Rejection Pile”
CardValet will replace My Mobile Money on September 21st, 2020.
Your spending habits may have changed dramatically in recent months with social distancing, reduced travel and a changed retail environment now the “new normal.” Are you conducting fewer in-store and in‑person transactions? Are your online purchases rising? Regardless of your spending habits and preferences, there’s little doubt that fraud continues to grow – and you remain on-guard.Continue reading “Protect Yourself from Fraud with the CardValet® Card Management App”
It’s time to pack up and head off to Freshman year – but…what to bring?
Whether your college provides you with a checklist, you Google it yourself, or just decide to wing it, it’s bound to include the staples like a laptop, linens, toiletries, clothes, food, etc. But there are a few things you might not know you needed. You also might be so busy thinking about your class schedule, what your roommate will be like and what to wear on your first day, that you end up forgetting some things.Continue reading “Unexpected College Dorm Room Necessities You Didn’t Know You Needed”
With all the uncertainties that the Corona Virus has brought, it can be hard to predict what is going to be the long-term effect on the economy. Unfortunately, if a recession does hit, it will be something beyond our control. However what we can control is how we personally respond to it and how we prepare for it. Taking precautionary measures sooner rather than later can help you protect your finances and make them recession-proof.Continue reading “Money Management Tips to Make Your Finances Recession-Proof”
Student loan debt is a very hot topic. With borrowers owing a combined total of federal student loan debt that is nearing a trillion dollars. One in five adults currently has student loan debt and we don’t see college tuition dropping in the near future.
Repaying your student loans can be daunting, especially if you have over six figures of debt, like many new college graduates.Continue reading “Student Loans and the WORST Ways to Pay them Off”
When it comes to saving money, taking advantage of compound interest is a brilliant thing. It’s often one of the easiest and simplest ways to “use your money to make money that makes money”. Compound interest can also work against you. Most revolving credit contracts – such as credit card companies – use the compound interest methodology. If you don’t pay off your balance in full you are charged interest – if you do it this again the following month you will be paying interest on not only your principal BUT also on your past accrued interest. It’s how they make their money.Continue reading “Making your Money Work for You – Compound Interest and the Rule of 72”
When you are in your 20’s you experience a lot of exciting changes in your life – graduating from college, starting your first job, buying your first car, getting your first apartment, etc. And of course not everyone moves at the same pace or takes the same path in life, but it is important to plan ahead and set some financial goals.
When you set financial goals, especially at a young age, it can set you up for financial freedom later on in life. It might not seem super important right now to plan 20, 30, or 40 years ahead, but doing so can give you more choices in the future. It is a great feeling knowing you are on track with your money, and now is the perfect time to start working towards financial security.Continue reading “Financial goals to Strive for by the Time You’re 30”