surprise charges

When it comes to shopping this holiday season, many people are probably thinking of sticking with cash. With concerns about the economy prompting many to cut back on spending and avoid adding to their debt, it is little surprise that credit cards are out of favor right now. However, credit cards aren’t all evil. There [...]

We’ve all heard the stories of lotto winners who win millions, think they’re set for life, and then go broke within a decade. Or people who inherit large sums of money and end up in financial ruin, family feuds, or both. The word “windfall” can mean different things to different people — if you’re young [...]

The global economy runs on a binge and purge cycle, which makes it especially difficult to stay steady and mindful on a personal level. It can be hard to resist living beyond your means during boom times, and even harder to keep your head up during the busts. But no matter how stormy it gets [...]

One of the inaugural questions on Moolanomy Answers was asked by Scott, “How old do I have to be to get a credit card?“. The interesting part is how he worded the rest of his question: “I am 15 years old and I can’t wait to get my own credit card. I really want to [...]

I have discussed using balance transfer credit cards to help you reduce debt more quickly. As such, I think it’s prudent to go over how to transfer credit card balances so that you can avoid traps and pitfalls. This way you don’t end up paying more fees and finance charges than you should.

Photo by Classyshot [...]

September was a good month for the stock market. The S&P 500 index rose +3.58% from 1,473.99 to 1,526.75 — thanks to the boost from Federal Reserve interest rate cut by half a point on the 18th. However, consider that the U.S. Dollar lost about -2.26% against the global currencies [1], most Americans are actually [...]