Large banks are getting back on their feet - earning profits and getting rid of bad debt.
The FDIC's most recent Quarterly Banking Profile provides an updated snapshot of bank health. The biggest banks are coming along, while smaller banks are a bit behind.
...Rate chasers move money to whichever bank pays the most. Those banks tend to be new banks, online banks, or banks looking to add take on deposits.
Do you come out ahead by chasing rates? If you have a ton of money, it may be worth moving for a slightly higher interest rate. Most people don't have enough in savings accounts to make a switch worthwhile (if rates are the only reason for switching). In addition, your money may not earn interest while it moves from bank to bank, so your earnings are eroded.
...It's back to school time. Among other things, that means a barrage of credit card offers for college students.
New rules make it harder for credit card companies to work with college students. However, one of the ways your child can get a credit card is by asking you to co-sign on the account. That means you promise to repay any debts on the account. If Junior doesn't make the payments, your credit can suffer.
...Plenty of people choose to live without bank accounts. They earn a living and buy things just like everybody else, but they work with cash.
Sometimes referred to as "unbanked" or "underbanked", these people are often low-income workers. They may feel like they don't have enough money to use a bank or credit union, or they may simply dislike financial institutions. Unfortunately, they often pay more for financial services than they would at a bank or credit union.
...For a while there, balance transfer offers dried up.
By now, you may be seeing more and more of those familiar 0% promotions. Banks have renewed efforts to win new customers, but things are a little different this time. Before jumping on one of those offers, check the fine print.
...Want to set money aside for a goal? Hate using a credit card for major purchases? SmartyPig may be what you need.
SmartyPig allows you to lay out your goals and save money online. Unlike the old piggy banks, you can see how much progress you've made towards your goals. In addition, you let the computers take care of the discipline; just set up an electronic transfer and it can happen for you every month.
...
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
Earlier this week I posted recipes for and yogurt cheese. Now I've added recipes for sour cream and creme fraiche. Hey, someone's gotta keep those cows employed.
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Photo © Flickr user JelleS
More FL Challenges:
In love with Greek yogurt, but not in love with the price? Then, make it yourself (it's easy peasy):
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You could try to pay your way out of debt, but if you don't change certain spending habits, you'll find it close to impossible to become debt-free. One of the first things you have to do is tally up your debt and come to grips with what you owe. Learn four other habits to change before you try to get out of debt.
...Credit card offers are written to entice you to apply and some of the wording is a bit exaggerated. CardRatings.com has a list of the 8 Most Deceptive Terms Used in Credit Card Offers and I definitely agree with the list. I've seen quite a few of them on credit card offers, especially "0% Fraud Liability" and "Helps Build Credit."
...When it comes to rewards credit cards, I'll take cash over points any day. If you're looking on your own cash back rewards card, you might have a hard time finding a generous cash back program. A lot of great rewards credit card deals have disappeared ever since the Fed put out rules that limit the fees and interest rates credit card issuers can charge.
...I love shopping but I dread the question nearly all store clerks ask now: "Would you like to save 10% and sign up for our credit card?" I used to let them down gently and say I already had the card, but preferred not to use it. Now, I just say that I'm not interested in a new credit card.
...Secured credit cards are a great option for people who have bad credit and need a credit card to start rebuilding. They're also good for those who need a first credit card to gain some positive credit history.
...Stereotypically, college students are the group plagued with credit card debt. While cash isn't readily available for them, credit is. But college students aren't the only ones who have a high debt load. Credit card debt affects virtually every age group from 20-somethings to senior citizens.
...Remember that even though you may not like each other everyday.....it doesn`t mean that you don`t love each other everyday!
You could try to pay your way out of debt, but if you don't change certain spending habits, you'll find it close to impossible to become debt-free. One of the first things you have to do is tally up your debt and come to grips with what you owe. Learn four other habits to change before you try to get out of debt.
...Credit card offers are written to entice you to apply and some of the wording is a bit exaggerated. CardRatings.com has a list of the 8 Most Deceptive Terms Used in Credit Card Offers and I definitely agree with the list. I've seen quite a few of them on credit card offers, especially "0% Fraud Liability" and "Helps Build Credit."
...When it comes to rewards credit cards, I'll take cash over points any day. If you're looking on your own cash back rewards card, you might have a hard time finding a generous cash back program. A lot of great rewards credit card deals have disappeared ever since the Fed put out rules that limit the fees and interest rates credit card issuers can charge.
...I love shopping but I dread the question nearly all store clerks ask now: "Would you like to save 10% and sign up for our credit card?" I used to let them down gently and say I already had the card, but preferred not to use it. Now, I just say that I'm not interested in a new credit card.
...Secured credit cards are a great option for people who have bad credit and need a credit card to start rebuilding. They're also good for those who need a first credit card to gain some positive credit history.
...Stereotypically, college students are the group plagued with credit card debt. While cash isn't readily available for them, credit is. But college students aren't the only ones who have a high debt load. Credit card debt affects virtually every age group from 20-somethings to senior citizens.
...
Car century insurance, cheap insurance term, auto insurance quotes and auto insurances...
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