• Keep your banking information secured

    Keep your banking information secured

    Don’t be astonished choosing a password for your Internet banking account is very important. Before you put your password for Internet Banking, make sure that you choose a password that only you can remember. A strong password has ideally at least 14 characters or more – certainly the more the better. The password must be composed of letters, numbers and other symbols. You can use upper and lower case to improve the complexity of...

    http://bank-rates.org/financial-consultant/keep-your-banking-information-secured
  • Alluring bank rates and easy profit

    Alluring bank rates and easy profit

    The banking industry is alluring. In the last ten years, competition among financial institutions has created many opportunities to make extra money with the best Bank Rates. There are two main reasons for this new competition: reduced regulation and appearance of the Internet. With widespread access to broadband, online banks can now offer loads of features that traditional banks can not. In addition, these online banks can offer the best...

    http://bank-rates.org/financial-consultant/alluring-bank-rates-and-easy-profit
  • Online banking: advantages and disadvantages

    Online banking: advantages and disadvantages

    Most online banks offer higher interest rates or other offers on savings accounts and other banking products because these banks have less overhead. There is not much building to pay and there are fewer employees. Account information and services are available 24 hours a day, every day. An exception to this rule would be for online banks may need to go offline for a couple of hours to update and maintain systems. Most online banks have no fees...

    http://bank-rates.org/financial-consultant/online-banking-advantages-and-disadvantages
  • What you need to know about bank rates

    What you need to know about bank rates

    People need the loans for different reasons and things. You can choose different loans, such as home loans, car loans, student loans, business loans and other types of loans. Don’t forget that the percentage varies in different types of loan . Banks will typically have lower percents in regards to percents match to other financial institutions. Before apply for a loan, you must know the rate of bank loans. If you need to buy a house for...

    http://bank-rates.org/financial-consultant/what-you-need-to-know-about-bank-rates
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What Could You Live Without?

By Kenneth Moore | Sep 11, 2010

Lynnae McCoy is a freelance writer, homeschooling mom and frugal living enthusiast. She writes about frugal living at Being Frugal.net and about balancing work and homeschooling at Freelance Homeschool Mom. When she has a rare spare moment, you can find her on Twitter.

We’re very fortunate here in the United States. We have access to many gadgets and services that make our lives easier and more pleasurable. Just two centuries ago, our ancestors lived without such conveniences as cars, running water and electricity.

With the advent of modern conveniences, though, came a sense of entitlement. In these past few years, when the economy has been down and people have been cutting their budgets, the lines between wants and needs have been blurred.

As a frugal blogger, my mantra is usually “Cut the expenses and save more money!” But if push came to shove, what could you live without?

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Unemployment Rises to 9.6%

By Kenneth Moore | Sep 06, 2010

The U.S. Labor Department reported on Friday that the unemployment rate rose to 9.6 percent after the economy shed jobs for the third straight month. Dropping 54,000 non-farm jobs, the losses were not great, but not as bad as economists originally predicted.

Job Losses Not So Bad

Despite the fact that the economy lost a lot of jobs in August, economists saw a grimmer future. Last month, they had predicted we would lose about 110,000, according to a Dow Jones Newswires survey.

According to the report, the real losses came from cutbacks in the government as more temporary workers were let go who were hired for the 2010 census. In the private sector, 67,000 jobs were added, but this was not enough to offset the losses.

Policymakers Need to Take Action

With unemployment remaining points within the peak of 10.2 percent that was reached in March 2009, it’s no wonder people are looking for policymakers to take more immediate action to get the economy up and running.

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Ask the expert: Money market accounts vs. savings accounts

By Kenneth Moore | Sep 05, 2010

Q: What determines whether I should use a savings account or a money market account?

A: A money market account is a form of savings account, but generally speaking there are two things that distinguish a money market account.

The first is that money market accounts usually have more strings attached than savings accounts, in the form of higher minimum balance requirements and/or more limitations on how frequently you can access your money.

The second thing that distinguishes money market accounts from savings accounts is that money market rates are generally higher than savings account rates. On average these days, money market rates are running about 8 basis points higher than savings account rates, though the gap is larger for so-called “jumbo” deposits — accounts of $100,000 or more.

If you put those two distinguishing characteristics together, the picture that emerges is that money market accounts are right for large chunks of money that you plan on depositing and leaving alone. If yo

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Tags: Money Market, Savings
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Parents – Will Your College Student Run Up Credit Card Debt?

By Kenneth Moore | Sep 05, 2010

The question that we should ask ourselves as parents, will your college student run up credit card debt? Student credit cards are a great way for young people to establish a credit history. However, many parents trying to protect their kids from financial difficulties also forget to teach their kids the value of being responsible with their finances.

Many kids who have not been fully prepared for such a responsibility often find themselves still paying off a slice of pizza they bought when they were in college years later. It may sound crazy but problems with credit card debt can lead to this scenario.

Credit cards are an indisputable fact of life and there are many good reasons to have one. The secret college students need to know is to use the credit card as a tool to help them when they need it, but not in excess.

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Tags: Card Debt, Credit Card, Credit Card Debt, Debt
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ECB raises eurozone growth forecasts and holds rates

By Kenneth Moore | Sep 05, 2010

Jean-Claude Trichet, the Bank’s president, said a “positive underlying momentum” was evident in the eurozone economy, as the ECB forecast growth in the range of 1.4pc-1.8pc for 2010.

That compared with an earlier forecast in June of 0.7pc-1.3pc. The Bank also raised its growth forecasts for 2011 to 0.5pc-2.3pc from 0.2pc-2.2pc.

“The range for real GDP growth this year has been revised upwards owing to the stronger-than-expected rebound in economic growth in the second quarter, as well as better-than-expected developments over the summer months,” said Mr Trichet. “For 2011, the range has also been revised upwards reflecting mainly carry-over effects from the projected stronger growth towards the end of 2010.”

The eurozone economy grew by 1pc in the second quarter, compared with the first. Mr Trichet said the region’s economy should receive ongoing support from global growth, which would help to drive up demand for eurozone exports, and from the ECB’s accommodative monetary policy stance.

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Tags: Growth, Growth Forecasts

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