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Mar 03 2010

Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke

Mar 03 2010
update new credit card regulations allow room for maneuvering
UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday,

Mar 03 2010
Report: Interchange Fees Obstructs Economic Growth, Job Creation
Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece

Feb 25 2010
Be A Smart Credit Card User
Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th

Feb 25 2010
terms of the new credit cards regulations
CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais

Feb 25 2010
CREDIT CARD TRICKS take out cash
CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe Ł54.5 billion to our "flexible friends". A Sunday Mirror inves

Feb 23 2010
Build Good Credit Without Credit Cards
Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t

Feb 23 2010
interest rate summary credit cards
Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c

Feb 21 2010
clouds parting over credit card troubles
Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen

Feb 21 2010
credit card chargeoffs still troubling
Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe

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Blog Post Date: Oct 19 2005

The news has been crazy lately with regards to finance and economy. Interest rates are rising, gas prices are up, record bankruptcies filed with the new bankruptcy laws coming into place on October 17.

One of the good things about reading personal finance blogs is that I've learned about how to get finances in order.

Quite frankly, even with a depressed economy, if you've got your finances in order, you're going to become more depression proof.

I've heard news where people making $50,000 to $80,000 are having trouble making ends meet! The elevated gas prices are taking a bite of the life styles of people making $80,000 per year? That's ridiculous.

Many years ago, I visited a family who had a combined income of $80,000. I was trying to sell them a $20 per month subscription to an education savings program. As I drove up to their house, I noticed they had a boat, a RV, motorcycles skidoos and more toys. I thought to myself initially that these people must be loaded. They showed their wealth pretty well.

After talking to them for a while, they were genuinely discussing whether they could afford $20 per month for their child's savings program!! $20 was going to stretch their budget. I never forgot that example.

I don't have much sympathy for people who make lots and spend lots and save nothing. If a person has a 'live for today' policy, then enjoy today. I certainly hope that nothing happens to upset these people in the future.

Middle income people who are used to living free and easy with their money, may have to adopt a little more conservative approach to spending their money. I'm hoping that with the vivid examples of Hurricane Katrina and Rita victims, people will get the idea to save up some reserves to help through slow economic times.

Ideal scenario:
Let's say that you've been prudent to keep your credit card down to a minimum and have adopted a 'purchase needs only' mentality. You also have saved up enough reserve to pay your expenses for 3-5 years.

You'll be sleeping much better than a person who makes $80,000 per year, spends it all and loses his/her job. Especially if this person is used to the $80,000 per year lifestyle with all of its expectations. People who are used to spending $80,000 per year have a tough time coming down to earth if their income source is all of a sudden wiped out. (Being self employed I've seen the ups and downs of business and have experienced this a few times over the last 20 years.)

Recession is a state of mind. If you've got money in reserve and have cut back your desires to a level that you can afford, you won't be affected by a recession or depression.

That's the good news!

By Monty Loree - Financial Maturity blog - Topic - recession, depression, get reserves saved up. Get your financial expectations in order.

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Credit Card Blog Canadian Financial Blog Canadian Credit Blog Mar 03 2010 Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke Mar 03 2010 update new credit card regulations allow room for maneuvering UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday, Mar 03 2010 Report: Interchange Fees Obstructs Economic Growth, Job Creation Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece Feb 25 2010 Be A Smart Credit Card User Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th Feb 25 2010 terms of the new credit cards regulations CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais Feb 25 2010 CREDIT CARD TRICKS take out cash CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe Ł54.5 billion to our "flexible friends". A Sunday Mirror inves Feb 23 2010 Build Good Credit Without Credit Cards Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t Feb 23 2010 interest rate summary credit cards Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c Feb 21 2010 clouds parting over credit card troubles Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen Feb 21 2010 credit card chargeoffs still troubling Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe Blog by Topic (Tags) Low Interest Bad Credit American Express Business Credit Cards Low Interest Cards Credit Cards - General Advanta Credit Cards Advertising & Marketing Prepaid Credit Cards Visa Credit Cards Cash Back Credit Cards Reward Cards March 2010 February 2010 April 2009 March 2009 December 2007 November 2007 October 2007 August 2007 July 2007 April 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005	Credit Card Blog & Article Area Link Back to This Post Blog, Budget, Business, Need, Notice, Noticed, Free Blog Post Date: Oct 19 2005 The news has been crazy lately with regards to finance and economy. Interest rates are rising, gas prices are up, record bankruptcies filed with the new bankruptcy laws coming into place on October 17. One of the good things about reading personal finance blogs is that I've learned about how to get finances in order. Quite frankly, even with a depressed economy, if you've got your finances in order, you're going to become more depression proof. I've heard news where people making $50,000 to $80,000 are having trouble making ends meet! The elevated gas prices are taking a bite of the life styles of people making $80,000 per year? That's ridiculous. Many years ago, I visited a family who had a combined income of $80,000. I was trying to sell them a $20 per month subscription to an education savings program. As I drove up to their house, I noticed they had a boat, a RV, motorcycles skidoos and more toys. I thought to myself initially that these people must be loaded. They showed their wealth pretty well. After talking to them for a while, they were genuinely discussing whether they could afford $20 per month for their child's savings program!! $20 was going to stretch their budget. I never forgot that example. I don't have much sympathy for people who make lots and spend lots and save nothing. If a person has a 'live for today' policy, then enjoy today. I certainly hope that nothing happens to upset these people in the future. Middle income people who are used to living free and easy with their money, may have to adopt a little more conservative approach to spending their money. I'm hoping that with the vivid examples of Hurricane Katrina and Rita victims, people will get the idea to save up some reserves to help through slow economic times. Ideal scenario: Let's say that you've been prudent to keep your credit card down to a minimum and have adopted a 'purchase needs only' mentality. You also have saved up enough reserve to pay your expenses for 3-5 years. You'll be sleeping much better than a person who makes $80,000 per year, spends it all and loses his/her job. Especially if this person is used to the $80,000 per year lifestyle with all of its expectations. People who are used to spending $80,000 per year have a tough time coming down to earth if their income source is all of a sudden wiped out. (Being self employed I've seen the ups and downs of business and have experienced this a few times over the last 20 years.) Recession is a state of mind. If you've got money in reserve and have cut back your desires to a level that you can afford, you won't be affected by a recession or depression. That's the good news! By Monty Loree - Financial Maturity blog - Topic - recession, depression, get reserves saved up. Get your financial expectations in order. Articles from October 2005 More articles from Year 2005 Comments (0)
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