The downturn in the economy has made people wiser with their spending. As of July 2009, the US savings rate for the average household grew to 6.9 percent — the highest rate since December 1993. In April 2008, the rate was 0. (See this article for more).
We still have a way to go, however. Saving   [Read More …]

From insulation, to caulking, to space heaters, lowering your heating costs this winter can be easy and incredibly efficient.

When you’re working paycheck to paycheck or, even if you are able to save a little money, you’ve probably found yourself looking for new and creative ways to stretch your money. We offer 12 ways to get you started.

Debt collectors can pester you day and night about past due bills. Some even take advantage of those owing money. However, with a few tips, you can fend off debt collectors and focus on the real task of paying down your debt.

The first phase of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act went into effect Thursday, Aug. 26, 2009. The CARD act gives credit card users the choice to say “No” if their credit card company increases their interest rates and the company must notify consumers at least three weeks in advance before the   [Read More …]

Have you had a friend or a family member find strange transactions on their credit card that they didn’t make? Have you ever received a call from a debt collection agency demanding money for a purchase you never made? Then you could be a victim of identity theft. Identity theft occurs when a criminal uses   [Read More …]

On July 1, 2009, the government implemented a program called the Income Based Repayment Plan, which helps individuals with student loan debt reduce their monthly payments.