Pennysaverblog – Page 163 – Smart Finance and Money Saving Tips

Credit Cards

5 Ways To Avoid High Credit Card Charges And Fees

Although there are a lot of us who rely on our credit cards, there are more and more published articles which indicate that we probably should be taking steps to prevent ourselves from being quite so independent. For example, according to several different reports, the average credit card debt for an individual is about $15,000. That’s the price of a nice automobile.

So, what can you do to find the “happy medium” between using your cards when you need them, but not going into debt in the process? That’s a really good question and it starts with not paying lots of money in credit card charges and fees. That’s why we’re actually going to provide you with five ways that you can avoid high credit card charges and fees below:

Select the kind of cards that don’t come with annual charges and fees. One of the best ways to avoid paying annual charges and fees is to choose to kind of credit cards that don’t come with any. That’s why, before you select one, you should do thorough research on which cards have annual charges and which do not. One website that has a list of ones that don’t is Credit. Just go to the site and put “no annual fee credit cards” in the search field.

May 25, 2014

General

Saving Money When Changing Careers

Career changes are becoming increasingly common, with most millenials expecting to stay in one job for three years or less. If you’ve been working in the same field for a number of years and are feeling dissatisfied with your career, I’m sure you can understand why people are frequently returning to school after a number of years in the workforce.

If you’ve decided that a different field would be a better fit for you, going back to college might be the first step to beginning the career of your dreams. But the idea of giving up a paying job to go back to school can seem daunting at best, and impossible at worst. If leaving your current job is what is holding you back, consider taking classes online!

Distance education has come a long way from the days of mailing a package of coursework back and forth. Online learning portals are sophisticated, convenient ways of communicating with your instructors, viewing course materials, and submitting your work. Online courses can save you hundreds of dollars in textbooks and materials because you can view and submit most of your work online.

May 24, 2014

Credit Cards

Credit Card Spending Basics To Teach Your Teenagers

The problem with teaching the teens in your household to manage their finances responsibly is that you may not precisely be the best person to do so. Many adults were never taught themselves how to budget, save, and spend wisely. And this is especially true when it comes to using credit cards. But when the young adults in your home are ready to learn these important life lessons before they head out into the world on their own, it’s probably high time you learned a few yourself. And here are some basics concerning credit card spending that anyone, young or old, can benefit from, and that you should definitely pass along to your teenagers.

First and foremost, it’s important to get a credit card with the lowest possible interest rate, and this may require a little legwork. Teens generally have no credit to speak of, which leaves you in the unenviable position of co-opening an account with them so that they can build credit. But there is another way. If your teens have bank accounts, they can use their money as collateral to open secured credit cards through their banking institution. They simply provide a check for the amount of credit offered (generally a limit of about $500), which the bank will hold for a year in the event that charges are made but not paid. If your teens spend wisely and pay off their secured cards every month, they’ll get their collateral back at the end of the year (with interest) and end up with more credit card offers than they know what to do with, many with excellent interest rates.

May 23, 2014

Shopping

5 Common Mistakes To Avoid When Purchasing Your First Home

Buying your first home is bound to be something of a roller coaster. For one thing, there’s a pretty steep learning curve associated with the process, and when you don’t even have the faintest clue of what you need to know, it can definitely be frustrating. However, an experienced real estate agent can help you here. The bigger issue is that buying a home is an undertaking fraught with emotion. It’s both exciting and joyful, but at the same time scary and daunting. And this abundance of emotions, paired with your inexperience, can lead you to make all kinds of mistakes in the home-buying process. So if you’re looking to avoid potentially costly errors, here are just a few common mistakes that the average new buyer may come up against.

May 22, 2014

General

Deciding Whether To Purchase A New Or Used Luxury Car

The thing about cars is that they will always lose value. Plus, newer and more luxurious cars will always be hitting the market. So, do you purchase a brand new luxury vehicle at the top of the price range or do you save a little bit of money and go with a used luxury car? Of course, there is the social stigma surrounding used luxury vehicles, but should that matter if you are on a budget and want a car that is little more comfortable than the run of the mill sedan? Indeed, it should hardly matter, but these are important considerations to make. Here are some factors to consider when deciding between a new or used luxury car.

First and foremost, it is important to know that cars lose a significant amount of value as soon as they roll off the lot. If you are paying top dollar for a luxury vehicle, you could be losing a lot of money. By purchasing a used luxury vehicle, however, the resale value and market evaluation has leveled off, so you won’t need to worry about losing too much money in depreciation. Also, in the realm of the auto industry, a car that is merely a year old is yesterday’s news, so you can often get a better deal on a used luxury vehicle.

May 21, 2014

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