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| New Way of Lending? Posted by money mom at 06/11/08 12:52 PM College students may have another way of raising funds to pay for their room, board, books and other necessities for the upcoming school year. Social networking has now extended itself into the lending business.
To the Grad: Words of Wisdom from Consumer Advocates Posted by money mom at 06/02/08 01:16 PM Congrats graduates! Money mom would like to share a recent article that ran in the San Francisco Chronicle
which provides some money management wisdom from consumer advocates around the country.
Keeping more money at the checkout Posted by money mom at 05/28/08 11:28 AM Money mom was at the local grocery store checkout the other day and saw that the store was offering an extra 10 percent if she cashed in her tax stimulus check for a store gift card. A number of retailers are offering similar incentives to get you to commit your tax check to them.
Who’s Holding Your Money? Posted by money mom at 05/19/08 12:25 PM These days, we’re all trying to make every dollar stretch a little farther. But it doesn’t help when debit holds freeze access to your money for a few days. What’s worse --when you get hit with overdraft fees or NSF (insufficient funds) fees because of debit holds.
Mortgage mess help – too little, too late? Posted by Gail H at 04/14/08 03:28 PM The Federal Reserve Board has proposed some changes in regulations to respond to the subprime mortgage mess, but the first draft of those regulations is too short on real consumer protections.
The Board acknowledges the need for strong regulation and the problems faced by borrowers when dealing with the mortgage lenders. But its proposals won’t prevent another mortgage meltdown. That’s because the Board continues to make access to credit the guiding principle for regulation – even when the terms of the credit are harmful to the consumer.
Where are your credit card and debit card numbers? Posted by money mom at 03/24/08 12:53 PM Going to the grocery store can hold more dangers than rotten meat or tainted spinach – the Associated Press reports that thieves stole 4.2 million payment card numbers from an East Coast supermarket chain. About 1,800 of those numbers already are being fraudulently used.
Gift Cards – An Unexpected Pitfall - Bankruptcy! Posted by money mom at 03/12/08 12:11 PM The bankruptcy filing of Sharper Image raises questions beyond where you can get a Human Touch Zero-Gravity Massage Chair. Namely, if you have a Sharper Image gift card – or a gift card for any other retailer facing financial troubles – can you still use it?
Spending is not the way to save Posted by money mom at 02/22/08 06:14 PM Monday’s Tip from Money Mom – Bank of America’s “Keep the Change” and Wachovia's "Way2Save" programs aren’t the way to build up family savings. Instead, pick an amount to save from every paycheck and “pay yourself first” by making an automatic deposit directly into savings every time you get paid.
Don't borrow from your 401(k) Posted by money mom at 01/28/08 11:24 AM Monday's Tip from Money Mom - Avoid a Debit Card Tied to Your 401(k).
Money Mom just heard about a truly bad idea - a debit card that pulls money straight from your "qualified retirement plan" such as a 401(k). You spend money for everyday purchases using the debit card, but with every purchase you are borrowing a bit more money from your retirement account.
Monday’s tip from Money Mom: Don’t borrow your tax refund Posted by money mom at 01/07/08 12:03 PM Money Mom says: Stay away from offers to get your tax refund instantly. This is not a faster tax refund, it is a high cost loan.
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