The Ins and Outs of Balance Transfers

Paying hefty interest on a credit card or car loan? With the average credit card interest rate around 15 percent, some creditworthy consumers choose to transfer high interest debt to a new credit card offering a zero interest introductory rate and avoid paying interest. “Transferring a balance is essentially an opportunity for you to get… Read More

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As the housing market heats up in 2013 and more consumers consider buying a home, it’s important to consider the role that your credit score plays in your ability to secure a mortgage. Conventional mortgage lenders will typically want a FICO score of at least 720, or in some cases 740, but those with a… Read More

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Kids’ Allowance Moves Online

It used to be that parents handed kids cold hard cash for allowance. Thanks to the popularity of web and mobile apps, tools like AllowanceManager.com, MoneyTrail.net, and Tykoon.com now allow parents and kids to track and send their allowance online. Melody Warnick, a mother in Blacksburg, Va., turned to MoneyTrail to manage her two daughters’… Read More

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Last month, several news outlets reported on a company offering an employer match for 529 college savings plans for its 600 employees, much like many employers now offer matching contributions to their employees’ 401(k) retirement plans. A 529 plan lets you deposit funds intended for eligible college expenses and grow that money tax-free. Each state… Read More

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