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You see them advertised all the time on TV, prepaid debit cards have transitioned from an unattractive financial product to a product endorsed by some of the most popular celebrities.
Originally, prepaid debit cards were designed for people who do not trust banks and cannot afford to keep minimum balances in their account. The prepaid method allows people to hold different balances and “avoid monthly fees,” since some banks charge $15 just for a checking account, and that doesn’t include if you accidently overdraft.
There are a lot of important events that take place over the course of our lifetime. Marriage, buying a home, and having your first child are all events that are very exciting but also very stressful.
The excitement combined with the stress can lead us to rationalize very poor financial decisions by saying things like, "Well you only get married once," or, "Just getting one more thing for the new baby won't hurt." It's important to keep your emotions under control during these milestones so you don't end up in financial hardship.
You're in your early twenties and you're beginning to think about the best options for your money. Whether you're beginning college or getting ready to graduate, it's never too late to begin exploring your financial options.
Banks and credit unions are all over the place and each experience seems nearly the same. However, we must point out that the two are totally different behind the scenes! Let's just go over the basics:
With the New Year comes new resolutions, and if you are like most people, your finances could use some help or maybe a complete overhaul. Here are a few ways to improve your finances this year.
Many of the New Year’s resolutions people make involve money. That comes as no surprise, because money plays a major role in many aspects of our life. If you’d like to put your finances on more solid ground, consider these resolutions:
People look forward to the holidays all year long; after all, “it’s the most wonderful time of the year,” isn’t it? What people don’t look forward to are the bills that come in after the holidays are over. That’s when reality sets in. Here are some holiday spending mistakes to avoid this holiday season to help the after-holiday season brighter.
People view money very differently, and as a teen, your opinions about money are mostly shaped by your parents. Whether you see it as simply a means to buy things you want or something more, it’s important to feel comfortable and confident with your emotions toward money.
Because of unique circumstances, many people determine that it is worth it to borrow money to make purchases. Before you borrow, it is important to understand lending options and know the pros and cons of each.