In this economy, one of the hardest things to do is find a job. With unemployment at just below 10%, many people don’t have jobs and few new jobs are being created. This means more applicants for every job, not matter the qualifications or the education level needed.
Competition is high and very stiff and the only thing you can do to increase your chances of getting the job you are applying for is to set yourself apart from the rest of the candidates.
The interview process can be quite long and drawn out. Some companies can require as many as four interviews to find the best possible candidate, and every step of the process is different. Continue reading
These days banks are under a whole lot of scrutiny. Being blamed for giving out subprime mortgages to unsuitable candidates, resulting in people losing their homes, banks are not the most trusted and revered institutions at the moment.
In this economic crisis, banks are suffering as well but perhaps not like the everyday man. To ease their suffering they have introduced new fees and increased existing fees. And to top it all off, there have been many complaints customer service at big banks. It seems that they are taking less and less of an interest in some of their smaller customers. Continue reading
With Thanksgiving just a day away, Black Friday, the second most sacred holiday in November in America, comes just a day later. So what does that mean? Leftovers? Turkey cranberry gravy sandwiches? The day off from work? Yes to all of the above (hopefully), but also and maybe most importantly it means shopping!
Sure, you can shop literally any other day of the year, so you must be thinking, “what makes Black Friday so special?” Well the reason that Black Friday is such a big deal in this country is because it is designated as THE shopping day of the year.
Black Friday is meant to signify the beginning of the holiday season shopping period with people getting ready for all of the big gift giving holidays. And in honor of this glorious time, many stores and companies offer extremely good deals on many of their products. So good, in fact, that people will line up in front of a store HOURS before it opens, just to get a good deal on something. Continue reading
If there was ever a season to cut back on everyday spending and save some money, it is this one. With the holidays just around the corner, there will be plenty of things to spend money on, even money than you should be spending.
But if you are already not buying many luxuries and turning off lights when you leave a room, you might be wondering how else you could possibly save money. You seem to be doing all that you can. Continue reading
No one ever wants to spend more money than less money. It just isn’t smart. And after you’ve spent the money that you barely have or don’t have at all, you feel that void in your pocket and guilt in your stomach.
With the holidays coming, you might think that overspending is inevitable. With buying presents, decorations, new clothes for holiday parties, and everything else that the festive season calls for, you can easily blow your budget away and overspend drastically.
In the United States, the importance of having credit cannot be underestimated. Not only is credit worth quite a bit when doing things like applying for a loan or signing a lease for an apartment, it also has many benefits.
Ultimately, the better credit you have, the less money you pay. Good credit means that you are capable of repaying a loan or paying for an apartment on time. You are less of a risk to lending institutions, so they don’t need to protect themselves as much by giving you a high interest rate. Instead, people with good credit get approved for smaller interest rates.
So how do you get this so sought after “good credit?”
There are hundreds of different credit cards out there all with different benefits and drawbacks. Because of all of these options, choosing the right credit card for your specific needs becomes extremely difficult, especially if you don’t know what you want or need out of a credit.
But we are here to help you make this crucial decision.
Credit cards differ in many ways, so you will have to look at each of the possible factors before you can make your decision.
An annual rate is how much you pay for the credit card every year. This charge is completely separate from any charges that you get from making purchases. This annual rate is simply for having (not even using) the credit card. Continue reading
How to Create a Budget
Sometimes it’s just hard to save money and keep track of your spending. Sure, online banking helps you to see exactly what you have been spending money on, but it won’t stop you from spending money and it won’t tell you when you’ve gone past your self-imposed limit.
The best way to prevent overspending and to promote saving is to make a budget for yourself and your family and stick to it. That way, you will have saved money for a rainy day and have built up some good habits when it comes to saving money. Continue reading
There is nothing that any American wants more than affordable and high quality health insurance. But why is this so difficult to achieve? After all, we are the developed country that does not have universal healthcare.
To simply answer this extremely complicated question, the American economic system is built differently and based on different principles than Europe. While European countries pride themselves on taking care of their citizens, America values industry and competition which has given major insurance companies the opportunity to flourish, driving up the price of health insurance, much to the detriment of the average American citizen. Continue reading
As a follow-up to last week’s article, here is a quick test to measure your personal finance chops. Are you on the same level as an investment banker or could you take a refresher course to brush up on your knowledge of the Federal Reserve and balancing your checkbook?
This test was created by the Federal Reserve to test the financial knowledge of seniors in high school.
1. Inflation can cause difficulty in many ways. Which group would have the greatest problem during periods of high inflation that last several years?
a.) Older, working couples saving for retirement.
b.) Older people living on fixed retirement income.
c.) Young couples with no children who both work.
d.) Young working couples with children. Continue reading