Do you still do your banking at commercial banks despite lower fees and better services at credit unions and online banks? You are not alone. I have been thinking a lot recently about why so many of us bank at commercial banks. I know that I often complain about the charges by my banking institution, Bank of America. While I have switched the majority of my business to my credit union since there are some clear reasons why credit unions are better than banks, for some reason I still keep my Bank of America account open. I was trying to figure out why so many people like myself continue to hold an account at a big bank.
You don’t have to wait for the Fourth of July to find a good deal on products. There are a number of financial sites offering up daily sale information on just about any product that you are looking for including electronics, household products, clothing, and more. You probably already know about deals offered at sites like FatWallet.com, Overstock.com, and Coupons.com. While these are great sites, there are other sites offering great deals as well. So, check out the following websites if you are looking to save some dough:
With the United Stated national debt soaring over $13 trillion dollars, many Americans are concerned about the country’s long-term debt problems. In order to decrease the national deficit, the government needs to operate with a budget surplus. For the past 10 years, the federal government’s budget has continually operated at a deficit. As the deficit continues to grow annually, the United States plunges deeper and deeper into debt. Our current method of trying to grow our economy out of debt is not working. Now, let’s take a look at two frequently discussed ways to reduce our growing deficit:
As the saying goes, “those who do not learn from history are doomed to repeat it.” Everyone remembers the tech bubble of the early 2000’s when a lot of subpar technology companies with no earnings traded at extreme valuations. Over the past few years we have gone through the real estate bubble in which home prices rose to unsustainable levels. To stay one step ahead of the next market drop, you have to watch for signs of a peak. Let’s take a look at a few markets where bubbles may be forming:
The Gold Market
So, you have decided that you want to start a business. What should your first steps be and how should you get started? The initial planning steps for a business are often the most critical to determining its long term viability. It’s important that you focus on your company’s key needs to get off to a good start. The first thing you’ll need to call yourself a “business” is some interest from potential clients or customers. What need are you going to fill for someone? Answer that question, then start thinking about the next steps. To help you on your path to entrepreneurial greatness, listed below are four must-haves that will put your new business on the road to success:
I was reading an article in the Wall Street Journal about how banks are about to increase fees on accounts that used to be free. Free checking may soon go the way of the dinosaur as banks are looking for a way to raise money after the passage of the CARD Act last year. Commercial banks are trying to raise money since the CARD Act is expected to reduce bank revenues by billions of dollars in lost overdraft fee income. In response, banks are coming up with new ways to take more of your savings.
Emotion has its place in everyday life but not when it comes to investing. The worst investment decisions are often made when investors get too emotional. You should never allow yourself to become too attached to any investment that you make. It is critical to keep a rational mind and to only make investing decisions when you are cool, calm, and collected. This will keep you from paying too much or selling too cheaply. Here are three emotions that can be detrimental to your financial future:
It’s always great when you can learn a new strategy or tactic to improve your financial future. Most people learn about financial concepts solely by reading books. While reading is definitely effective, it doesn’t just have to be a book that teaches you about money. You can learn money management skills from just about anywhere including your television. That’s right! There are some great financial television programs that will help you on your financial journey.
Here are some of the best TV shows on money management:
The Dave Ramsey Show
The current economic environment has created some great opportunities for investments. You can use this economic downturn for your benefit to improve your current financial situation. By making the right investments now, you can ensure yourself of a prosperous future. We often shy away from investing when the media or the “experts” tell us to be cautious. Warren Buffet has always said that you should be greedy when everyone else is conservative and conservative when everyone else is being greedy. Here are 4 great investments that you can make right now:
1. Invest in yourself.
Are you currently in the market for a new job? Have you found yourself wondering what skills will clinch that new job for you? In the current competitive job market, you will need to arm yourself with every bit of information possible. According to the Economic Policy Institute, there are 6 job seekers applying for every available job. It is critical to know ways that you can distinguish yourself from the field. The top careers may change from year to year, but the wish list for employers remains the same. Here are 4 great skills to have that will keep you employed in any job market: