Tuesday, February 19

Prepaid Debit Cards—What are the Pros, Cons and Alternatives?

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Prepaid debit cards are the fastest growing segment of the payments industry. Retail purchases made with prepaid debit cards have gone from $77 billion in 2012 to over $200 billion in 2014. They are used by people who don't have bank accounts as well as those that do.

Many consumers see the cards as a convenient way to use "plastic" for regular spending without a traditional checking account debit card’s potential risk of exposure of funds to fraud. However, prepaid debit cards also have significant drawbacks—they are typically loaded with fees and do not have the protection of consumer laws that apply to traditional checking account debit cards and credit cards. This brief summary of pros, cons, and possible alternatives can help you decide what’s right for you.

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Managing Finances Online?—Have You Put These Benefits to Work?

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Managing your financial accounts online is convenient, time-saving, flexible, and secure. Many financial institutions offer online and mobile services that can help you keep close track of your accounts and transactions, pay bills easily, and manage your money on the go. These services are typically free for account holders. Let’s take a brief look at the benefits.

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Three Keys to Managing Your Money—Do You Use Them?

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What are your financial goals? Longer-term goals may include buying a home, saving for your children's college education, or planning and investing for a retirement free of money worries. In the shorter-term maybe you'd like to buy a new car or plan toward a dream vacation. Managing your money wisely can help you reach your goals. Three powerful strategies form the foundation for success: 1) building a budget, 2) controlling your credit, and 3) setting up savings plans to grow your money. This report outlines how you can put these strategies to work.

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Financing Home Improvements

Have You Considered These Good Options?

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Are you considering making improvements to your home? If you are looking for financing for those improvements, you will want to compare options from several financial institutions such as a bank and a credit union.

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Is Now a Good Time to Buy a Car?

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Sales are strong for car manufacturers and dealerships after several slow years. Maybe that had to do with the fact that the average car and pickup trunk on American roads is 11.5 years old. Maybe your vehicle’s best years are behind it, too, and you’re thinking about buying a new car or truck? Before you hit the websites or showrooms to shop, take a moment to brush up on these pointers. Your wallet will thank you.

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Popular Credit Card Gimmicks

Which May Work & Which Usually Don't?

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Credit cards are important money management tools for most people. They provide a convenient and secure way to make purchases online and in stores, both at home and while traveling. Unfortunately, for many people, they are also a convenient way to run up debt. Current credit card debt averages over $15,000 per U.S. household.

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