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Miranda Marquit

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One of the subtle influences on your credit score is the type of credit account you have. For instance, while it doesn’t count that much, it makes a small difference whether you have a department store credit card or a major bank credit card. Normally, I fall firmly into the camp of not having a department store credit card. It seems pointless: The interest rates are often higher and there are rarely rewards programs. But…

Earlier this week, Federal Reserve rules requiring banks to get your permission for debit card overdrafts went into effect. This might not be much of a surprise to you, since your bank has probably been sending you information, and encouraging you to opt in. If you do not opt in, any debit card transactions for amounts you do not have in your checking account will be denied. The End of Automatic Debit Overdraft Protection Prior…

[ad#Content 300×250] One of the issues you have to contend with when it comes to retirement is inflation. Inflation, at its most basic, is viewed as rising prices. Inflation erodes your buying power, creating a situation in which your dollar does not go as far as it used to. If you consider that inflation has an annual rate, you can see why it would be a problem. If the rate of inflation is 3% annually,…

Many debit cards are now offering rewards programs when you make purchases. This can be a real money saver as part of your budget if you are earning rewards that can be used for travel — or even cash back. A number of banks, including KeyBank, PerkStreet Financial, Fifth Third and others now offer perks ranging from cash back to travel rewards to warranties on purchases. One of the nice things about reward debit cards…

Gold prices have been quite high for some months, and many people are thinking that now is the time to buy. Additionally, concerns about the future of the economy have prompted many to consider physical gold as a way to get something “tangible” for money. But is physical gold really the way to go? While some physical gold may work in some investment portfolios, it is important to be wary of investing in physical gold.…

In these economic times, many are looking for ways to save a little money. One of the ways to do this is to haggle for a lower price. Whether you are looking for a better price on a car, to get a discount on travel, or you want to save a little extra on a pair of pants, you can haggle the price down — even at a department store. Here are four tips that…

The recent “Great Recession” (which some are still feeling the effects of) has shown us that nothing is as certain as we would like. New skills are needed if you want to survive the coming career climate. Over the past decade, we have been seeing a shift to a more fluid career climate, and the future is only going to see movement across industries — and the creation of new industries and job descriptions. He…

Setting out for college is an adventure. However, as with so many other things in life, we tend to think that we “need” certain things as we head out of the house. The truth, though, is that many of the things that college students think are needed really aren’t. Here are 5 things that you can easily do without in college: 1. Expensive Housing Forget about the fancy apartment somewhere. A basic room is all…

One of the most frustrating things about personal finance is feeling as though you cannot save any money. You know how important it is to save for such milestones as retirement, and that it is vital that you build up an emergency fund. But finding the money to do so can be difficult. If you are looking for ways to save more, you might want to try spending a little less. You might be surprised…

Retirement is one of those big milestones we mark in life. However, getting there is more of a journey than an event. On your way to retirement, it is a good idea to have small goals that can help you along to a successful retirement. While there are a number of mini-milestones you should attempt to reach on your way to retirement, here are 3 goals that can be especially helpful as you set up…

One of the ways that you can develop an investing income stream is to make use of dividend paying stocks. Because companies are paying out a portion of their profits in dividends, it is a great deal like receiving “free” money. It is money that you receive just for being a shareholder in a company that pays dividends, and the money is not connected to you buying or selling stock. However, in some cases you…

One of the ways that you can help increase your income is through income investing. This type of investing focuses on creating income stream through investments. While you can use bonds to accomplish your income investing goals, you can also use dividends to create an income stream. What are Dividends? Some companies pay out dividends as a way to reward shareholders for their investments. Dividends are actually a portion of company profits. This is money…

One of the ways that you can save for retirement is to open an IRA. An IRA is a tax-advantaged retirement account that allows you to build a nest egg through investments. There are any number of investments that can be held in an IRA, including Certificates of Deposit (CDs). When you have a CD in your IRA, the interest earned is either tax-deferred (Traditional IRA) or tax-free (Roth IRA). Many banks are starting to…

You have probably heard that the fastest growing crime in the U.S. is identity theft/fraud. Identity theft can have financial consequences for, you resulting in fraudulent credit accounts opened in your name, or charges to your credit (or worse, debit) card that can cost you money — especially if you don’t catch it fast enough. While there is no full-proof way to protect against identity theft, you can limit its negative effects on you if…

Summer is moving into the wind-down phase, and that means that many families are looking for one last summer fling. However, even though the recession is supposed to be over, it doesn’t seem as though many of us are ready to spend a great deal of money. The good news is that you don’t have to spend a lot on a vacation — as long as you make it a staycation. What is a Staycation?…

When times are economically uncertain, many decide that capital preservation is more important than growth. When the economy is in trouble, and when there are concerns that things could get worse, many switch their portfolios into assets that are considered less risky. The idea is to preserve their capital, rather than focus on growing their assets. This is because growth comes with greater risk. Greater Growth Potential = Greater Loss Potential Growth can be a…

One of the hallmarks of a good portfolio is diversity. This is a basic investing principle that most of us are familiar with. However, it can be difficult to build a diverse portfolio using stocks, bonds and cash. Choosing investments starts to become time consuming and risky. This is why many investors choose funds, which consist of a number of different securities lumped together, providing some protection should any one component of the fund lose…