Is Zero Liability Ever a Bad Thing?

October 22nd, 2014 by Alice Bryant

Credit card use puts consumers at risk for identity theft and fraudulent charges. There are all types of unscrupulous individuals who make careers of stealing others' personal information and using it to make purchases from jewelry to automobiles. When an individual's account is breached, thieves can rack up thousands of dollars in charges, leaving the card holder broke and with bad credit. This is why some credit card issuers provide what is known as "zero liability."

Weekly Tip: Use coupons to save money when buying.

The average American consumer spends a lot of money at stores. There’s around $150 a week on food. Then there’s pharmacy costs, clothing, entertainment, and everything else. Using coupons, however, can be a good way to save money while buying. From grocery stores to restaurants to name brand stores and boutiques, almost every store has coupons these days. And by bringing just a simple coupon, you can get what you need at a discounted price, saving you significant amounts of money.

So, how can you use coupons to save?

Updated by Alice Bryant on Thu, 2014-10-16 11:04

Credit Suisse Report Shows Richest 1% Own 50% of World’s Wealth

by Yael Kent on October 16, 2014

According to Credit Suisse’s latest Global Wealth Report, released Tuesday, the richest 1% of people own nearly half the world’s wealth. The report explains that world wealth has reached a record $263 trillion in mid-2014, $20.1 trillion more, and an 8.3 percent increase, over mid-2013.

How to Get a Fresh Start On Your Credit

October 15th, 2014 by Alice Bryant

Everyone makes mistakes at some point. Some mistakes, however, can have far-reaching consequences. And when it comes to credit, people who make mistakes can lose access to credit cards, have difficulty opening new bank accounts, and damage their credit score with one single mistake. Fortunately, credit can be improved. It is possible to start over and build good credit. The process can take some time, but it is well worth the effort considering all the advantages of having a good credit score. Here are a few steps to take in order to get a fresh start when it comes to credit.

Where Does Your Money Go?

October 10th, 2014 by Alice Bryant

Many a person has found himself asking one particular question over and over again. “Where does all my money go?” A financially literate person will know the answer to that question. According to the United States Government Accountability Office, financial literacy “is the ability to make informed judgments and to take effective actions regarding the current and future use and management of money.

Are Americans Going Abroad to Get Jobs?

October 8th, 2014 by Alice Bryant

After a long trend in America of workers showing little to no interest in seeking work in other countries, the times are beginning to change - especially among younger people.

U.S. Dollar Reaches 4 Year High

by Alice Bryant on October 2, 2014

The U.S. Dollar Index, which measures the value of the United States dollar against foreign currencies, has reached its highest level in over four years. For a long time, the dollar has been the world’s top business currency. However, the struggling recession had caused many to question the dollar’s “safety” as an investment. With this new high though, America is regaining its strength and showing its economic improvement compared to the rest of the world. At the same time, the Euro and Japanese Yen have been getting weaker due to these countries’ economic problems.

Who Are the Richest People in America?

October 2nd, 2014 by Alice Bryant

In recent years we have seen a boom in stock market growth, benefiting the richest people in the US greatly. Though good for those at the top of the income ladder, it has made it more difficult for those coming into wealth to join their upper echelons of wealth. Even the famous Forbes 400 has increased the base wealth of those considered in their listing of wealthy Americans to $1.55 billion, the highest it has ever been.

CitiBank Announces New Access Account

by Alice Bryant on September 26, 2014

Citibank announced Tuesday the launch of its new Access Account. This account will be a checkless banking account that doesn’t allow customers to overdraw their accounts or incur fees. According to Head of U.S. Retail Banking at Citibank Will Howle, “The new Citibank Access Account provides customers with a simple way to manage their finances.” As a checkless account, the Access Account uses online or mobile payment tools instead. The account will simply deny a transaction if you try to make a purchase without enough money. This will make sure you do not incur any overdraft fees.

Are Checkless Checking Accounts the New Thing?

September 25th, 2014 by Alice Bryant

Retail banking firms are frequently searching for cost effective methods to attract new account holders. Implementing a program that saves time for banks and for consumers could be a winning formula. Recent trends have revealed that several retail banking giants and other financial institutions are enabling consumers to establish a checking account without the issuance of a checkbook.