Are you going to give your teen a credit card?

Saturday, May 9th, 2009

Discover has just released a new product into the marketplace. I don't have a huge problem with credit cards, however, I 'm not sure that I will be jumping on this band wagon. Let me explain. The Current by Discover is a prepaid credit card that is intended for teenagers. The ...

What can I do with a 0% APR Credit Card?

Monday, April 6th, 2009

I generally oppose adding debt, especially when debt is being used to finance a lifestyle that does not fit your income. However, there are times when a loan is the only way to solve a major problem. Obviously, you will want the lowest interest rate possible on that loan. Introductory ...

Put your credit card to work

Tuesday, March 31st, 2009

In my previous post, I explained the terms 'balance transfer arbitrage' and 'App-o-rama'. Both strategies are risky, but there are definitely instances where an introductory rate on a credit card can be leveraged in order to give your family finances some breathing room. If you have good credit, if you ...

What is BTA and an AOR?

Saturday, March 28th, 2009

A zero percent introductory rate on a credit card is a good deal, but not necessarily a great deal. In the mid-2000's and even into 2008, 0% balance transfer cards were all over the internet and in your mailbox. Every credit card company was offering introductory rates of 0% interest. Eventually, ...

What’s in my wallet?

Wednesday, August 27th, 2008

A frequent personal finance blogger gimmick is to reveal the contents of their wallets or purses. I am mildly interested in such posts and I thought some of you might be as well. So here goes: Work ID card. I rarely use a work ID, but sometimes businesses in the area ...