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There has been a great deal of talk about the changes that many have made in response to the recent recession. Many have made financial changes, paying down credit card debt and building savings. A little more conscious spending is taking place. As a result, many people are now creating a better financial foundation, rather than overspending into a precarious situation. But will it last? It’s easy to make financial changes when you know that…

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…

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…