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What Are Credit Card Convenience Checks – Rates, Fees, Pros & Cons

Valencia Higuera

credit card convenience checksCredit card companies like to bombard consumers with special offers, and if you have a good credit score, you likely receive pre-approved credit card invitations from time to time. Furthermore, if you already have a credit card in your name, your issuer may periodically send you convenience checks tied to your credit card account. You can use these checks for any purpose, providing that a retailer or other business accepts this method of payment.

Convenience checks look like regular checks, and if you’re cash-strapped, they’re pretty enticing to use. However, before you hastily fill one out, it is crucial that you learn how convenience checks work – and understand the numerous risks.

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Personal Finance Round-Up: Dealing With Student Loan Debt

Money Crashers

student loansAs we speak, high school seniors, college seniors, and hundreds of thousands of professionals of all ages are facing crunch time. Why? Because we’re in the midst of college admissions season. Whether you’re applying to an undergraduate college, a graduate program, or a professional school, you’re probably staring down a forthcoming application deadline.

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5 Best Educational Board Games for Money Management

Sarita Harbour

family board gameBoring educational material on money, credit, and investments can actually discourage people of all ages from learning valuable information that can help them make wise financial decisions. Fortunately, money management lessons masquerading as games can make learning about finance easy and even fun.

Some of today’s best money management board games have been popular for years. Continual revisions to older games keep them relevant to today’s financial world while still teaching players how to build wealth and minimize debt. From well-known games like Monopoly, to the newer but wildly popular Cashflow 101, there are a number of fun, educational board games available to help people develop and master their financial management skills.

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5 Questions to Ask Before Buying From Daily Deal Websites

Jacqueline Curtis

online shoppingIt seems like every day there’s a new daily deal website devoted to getting you deep discounts on products and services. From Groupon to LivingSocial, daily deal websites can flood your inbox with deal notifications every morning. Since the deals are constantly changing, it’s exciting to see what’s up for grabs – but is all of that wheeling and dealing really worth it?

While group deal and daily sale companies can help you save money on the essentials, if you’re not careful, you could end up spending more on the products and services you don’t need. While weighing the pros of getting a good deal against the cons, there are five questions you must ask yourself.

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Offshore Pirate Banks & Tax Havens – Tools of the Super-Rich

Michael Lewis

offshore banksAccording to Forbes Magazine, an estimated $15 to $20 trillion is sitting in the “pirate” banking system today, a complex, interwoven collection of financial institutions domiciled in tax havens around the world. Nearly one-half of the funds are owned by less than 100,000 people, who comprise 0.0001% of the world’s population. These funds, shrouded in secrecy and protected by layers of anonymous owners, are immune from any government oversight and invulnerable to taxation, maintained by and for the super-rich, as well as multinational corporations.

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How Much Does a Divorce Cost? – Types & Ways to Save

Christy Rakoczy

divorce can be costlyDivorce can be emotionally devastating, but the emotional costs may be nothing compared to the financial ones. First Wives World estimates that the cost of divorce ranges between $10,000 and $20,000, with the average cost coming in right in the middle at about $15,000. Estimates provided by the Huffington Post are a little higher, suggesting that it can cost $15,000 to $30,000 to end a marriage.

While celebrities may be able to afford these exorbitant fees (and, as the celeb divorce rate shows, they frequently do opt for expensive and high-profile divorces), the cost of divorce can place a significant strain on the average family.

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Skills-Based Functional Resume – Examples, Template & When to Use One

Christy Rakoczy

a skills-based resume can help you impress a potential employerWhen you are looking for a new job, it is imperative to write a great resume to get your foot in the door. Many people automatically create a chronological resume, in which they list their past jobs in order by date. While a chronological resume can work very well to display the evolution of your career, there is also another format to consider: the skills-based resume.

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5 Reasons You Shouldn’t Refinance a Mortgage to Pay Credit Card Debt

Christy Rakoczy

if money is tight, it can be difficult to find a way to come up with moreEveryone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt. But sometimes the distinction between “good” and “bad” debt isn’t so clear-cut. In fact, because of this generalization, some people make the decision to refinance their home mortgage in order to free up money to pay off credit cards. If you are considering doing this, realize that it’s rarely if ever a good idea to pay off credit card debt with the equity in your home.

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How to Deal With Seasonal Sadness & Depression During the Holidays

Michael Lewis

holiday sadnessExperiencing sadness during the holidays is not unusual. Fewer hours of sunlight, the often sharp contrast between the idyllic seasonal family scenes pictured in media and real life circumstances, and the impending conclusion of another year combine to make many people gloomy. The year’s end is a time of reflection, often accompanied by sadness, loneliness, loss of self-worth, and even anger. Sometimes, sadness is justified (the loss of a loved one, a job, or a marriage), but intensified due to the holiday season where others seem so happy and content. These emotions during the winter months have been recognized by the psychiatric community as seasonal affective disorder (SAD).

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How to Prepare for a Stress-Free Christmas Holiday Season

Michael Lewis

christmas morningMaybe Christmas, he thought, doesn’t come from a store. Maybe Christmas, perhaps, means a little bit more.

The thoughts of the Grinch as he puzzled over the meaning of Christmas in “How the Grinch Stole Christmas” are worth pondering in the coming season of excess, expectations, and exchange. Scholars trace the beginnings of  Christmas to the winter solstice of Scandinavia, celebrated in early Rome as Saturnalia for the God of Agriculture, and by Christians as the birth of Jesus Christ. It was considered to be decadent by early Puritans, and was outlawed in Boston from 1659 to 1681. It was finally declared an American holiday by President Ulysses S. Grant on June 28, 1870, along with New Year’s Day, Independence Day, and Thanksgiving.

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Personal Finance Round-Up: Save, Save, Save

Money Crashers

saving moneyIt’s a theme we heard time and again during the run-up to the 2012 presidential election: Americans are making less money and have less money in savings than in years past. The statistics support the statements, as an October 2012 survey by The Huffington Post found 41% of Americans have less than $500 in savings, while a March 2012 estimate suggested more than one-third have less than $1,000 in emergency funds.

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Attending a Timeshare Presentation for a Free Vacation – Good Idea?

Christy Rakoczy

timeshareHave you been invited to attend a timeshare presentation? Perhaps you’ve been offered a steal of a vacation deal – the only catch is that you have to attend a mandatory timeshare meeting. Buying is optional, of course. The timeshare company just requires a little bit of your time. Sounds great, right?

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Using a Cosigner Service for Your Apartment Lease – Benefits & Risks

Kristie Lorette

rental agreementIt seems that money can buy almost anything these days, and one such thing available for struggling renters to purchase is an apartment lease cosigner.

A cosigner service provides consumers who otherwise cannot qualify to rent an apartment or home with a guarantee of rent payment to the landlord. While it is an interesting and intriguing concept, it’s also important to fully understand how cosigner services work so you can weigh the various pros and cons. Be sure to learn more about the background information – including risks and costs – before jumping in.

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How to Incorporate a Business – Types, Costs & Process

Christy Rakoczy

incorporationIncorporating a business can be a great way to save money on annual taxes, in addition to the protection it offers you from liability – and if you want your business to have a separate legal identity distinct from you, incorporation is crucial. However, there are some steps you need to take to ensure that the process goes smoothly, and that you meet all legal requirements. Furthermore, it’s especially important that you choose the right type of corporation for your small business.

Understanding Incorporation

Types of Corporations

When you incorporate a business, there are a number of steps you need to take. First and foremost, you must determine which type of legal entity you wish to form:

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Tattoos & Piercings in the Workplace – Is It Okay?

Michael Lewis

tattooed womanThe Princeton Tiger growls from former Secretary of State George Schultz’s backside, a ship’s anchor decorated the right arm of the UK Prime Minister Winston Churchill, and a family crest on the chest of President Franklin D. Roosevelt sustained a family tradition.

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