Finance and Credit Professional

Most consumers are aware of the current problems that some financial institutions are experiencing. This has caused some concern for large investors, those with CD investments over the maximum amount that is covered by the Federal Deposit Insurance Corporation. Currently, the maximum allowed is $100,000 per account.The simple answer to this problem is to spread [...]

While savers are often applauded for their self-control in putting money aside, it may be the case that a large number are not the brilliant budgeteers they claim to be.According to new research, around two-thirds of savers admit to looking to their savings when they want to buy themselves a treat, rather than starting a [...]

A part of modern living involves getting and using credit. Many people would proclaim that it is better to live on the cash basis and to never owe anyone anything, and that would be good advice, but it is nearly impossible to live that way today. For the most part, American adults will have to [...]

Just like a regular savings account, a money market account is a type of savings account that is offered by banks and credit unions. The main difference is that money market accounts will usually pay higher interest, have higher minimum balance requirements, and often they only allow three to six withdrawals from the account per [...]

Wire transfers are more common than you may think. The name "wire transfer" can be misleading in this day and age. At one time, they meant transactions that were conducted through such services as Western Union, but not anymore. Today, wire transfers take place all the time, whether we know that they are happening with [...]

Convenience is the name of the game these days. Most people have credit cards so they can easily pay for their bills and things they want to buy. For these people, convenience is identical to swiping their cards.Credit cards have made it now optional to carry cash. This greatly reduces the risk of getting held [...]

Yes, you can have the joy of raising children without going broke -- although it will not be easy. We live in a very materialistic society, it is incumbent upon all of us to teach our children well. They will feel the tug of peer pressure, the "need" to have $100 Air Jordans. If you [...]

A joint account is a good option for those individuals who want or need more than one person authorized to use a bank account. Generally speaking, when you open a new checking or savings account at a bank or credit union your name will appear on the account and only your name will appear [...]

Your credit report is one of the most important financial documents concerning whether or not you will be able to get loans and how much interest you will have to pay on those loans. Understanding your credit report is therefore very important.One of the first things to understand about your credit report is that it [...]

Your bank can do more for you than simply hold your money and issue checks. Many banks, especially larger national banks, also offer investment and savings options for customers. Here are some of the more common ones:Bonds: A bond is a debt security certificate. In simple terms, when you buy a bond you are lending [...]