The decorations, the shopping mall and, of course, all those screaming retail deals mean it is time for consumers to start their holiday shopping. One of the few good things about a sluggish economy at holiday time is that it underscores the need to consider what's really essential. It's not just about being frugal; it's about being smart with our money. Setting financial priorities early is the best way to keep the year's biggest spending season worry-free and most important, debt-free. Here are some suggestions that can help you stay in line with your spending goals during the holidays and position yourself for a financially healthy and happy New Year. Revisit your gift policy: … [Read more...]
Web-Only Banking – Advantages and Disadvantages
web-only bankingMost American banks offer online banking services, but now there are banks that exist only online, and you get a good many of the services offered by traditional brick-and-mortar banks. You can scan and deposit checks and transfer funds at any time, and on any day of the year. There are savings, checking, and money market accounts available, as well as CDs, retirement accounts, educational savings plans, loans and mortgages. These "online only" banks offer free transfers, online bill pay, mobile banking and telephone banking. The question is: Are they a good place to put your money? There are advantages, and disadvantages. In the busy 21st century-world we live in, one … [Read more...]
Charles Schwab