A Cooperative Effort

Tuesday, January 6, 2015 Being confident of this very thing, that He who has begun a good work in you will complete it until the day of Jesus Christ.—Philippians 1:6 I love that God finishes what He starts. In contrast, I don’t always finish what I start. I will start a project, get all excited […]

Transferring credit card balances

Some of you might be considering transferring credit card balances to a zero percent card or one with a lower APR. Before you transfer the balance, you need to consider the following: The transfer fee. This is usually between 3% to 6%. For how long is the zero percent good. Typically, it’s 15 to 18 months. Consider, […]

Revolver or Transactor

A revolver or a transactor is what credit bureaus are now using to refer to their customers. If you are a revolver, you tend to make charges on your credit card and do not pay the entire balance off on the due date. You keep carrying a balance each month. In essence, you revolve your […]

Earn 13% to 29% interest

During this time with extremely low interest on savings accounts, money market accounts, mutual funds, and other financial instruments, you are hard pressed to earn 13% to 29% interest or more. However, there is one place where you can get these returns. That place is your credit cards. If you are carrying a balance on […]

Teens and credit cards

While many parents might think that getting their teens credit cards is a great idea, extreme caution should be used. If all you want to do is start building your teen’s FICO score, then add him/her to your credit cards. Your credit history will transfer to your teen. However, don’t give him/her a credit card […]

I don’t believe in debt and neither should you!

I don’t believe in debt and neither should you! Debt is the worst thing you can have. It robs you of many things. In the ’70’s, I received an almost full scholarship to attend a private college in California. Even though I did well my first semester, I was extremely homesick. I gave up my […]

Peer to Peer Lending

Peer to peer lending (P2PL), do you know exactly what that is? Until today, I must admit that I had never heard of it. Yes, I have heard of peer-to-peer sharing, which in my mind, for the most part is the illegal sharing of copyrighted material. Anyway back to P2PL, what I found was that […]

Debt Ceiling

Disclaimer:This post is from Citizenlink. No copyright infringement is intended. It is reposted here for informational purposes only. If you’ve been following the news recently, you know a hugely important issue is being debated in Washington, D.C. Of course, I’m referring to our national debt and spending policies— which are very much family issues. Never […]

The true cost of consumption

Did you know that when you spend money it costs you more than what you spend? Yes, remember compound interest? If you spend/consume $1000 per year, which equates to $83.33 per month, for the next 40 years, do you know how much that really costs you? If instead of spending/consuming that $83.33 a month, you […]