Deferred interest plans can save you a lot of money as long as you pay off your balance in the allotted time and don’t make any late payments. But if you’re a few days late or fail to pay off the balance in full by the end of the deferred interest period, well, it’s as if the zero percent terms never were offered.
The last few weeks of the year can be a great time to purchase a vehicle. Salespeople and dealers are trying to meet their quotas and profits for the year, the lots are still full of 2013 models that need to be cleared and there might even be a year-end boost in the number of used vehicles for sale.
If you’re interested in shaping money-smart children so they will grow into money-smart adults, there are many gifts that can help generate the desired effect. Some are even designed to make financial education fun.
The holiday season is a peak period for parents and grandparents to purchase bonds as gifts for children. But if it’s been a while since your last bond gift, be prepared to spend some time going through the purchasing process on the Treasury Department’s website at www.treasurydirect.gov.
About one-third of college students, including those at two-year community colleges, will pack up and leave at some point during the academic year.
A Girl Scout chapter in North Carolina is blazing a trail to enhance the financial smarts of its members. SpendSmart will tailor a financial literacy program for the 16,000 girls who belong to the Hornets’ Nest Council.
Bank of America, the nation’s second-largest bank, may soon be pulling the plug on that practice. And that would be a good thing — a little embarrassment at the cash register can be just the motivation needed for young account holders to learn to live within their means.
Failure to notify your bank credit card department in advance of a vacation could lead to a big surprise, frustration and maybe an embarrassing moment when trying to pay with plastic.
Anna Ivey and Alison Cooper Chisolm, who have more than 20 years of combined experience as college counselors, said their goal in writing “How to Prepare a Standout College Application” was to help students turn in applications that will be a cut above all the other great kids’ applications.
An ever-growing number of college-age students and young adults are embracing smartphone applications from Mint.com, LearnVest and others to keep tabs on their money.
In survey after survey, it’s clear that when it comes to passing money and other assets down from one generation to the next, many parents and their children have conflicting ideas and expectations. That could spell trouble in the here and now or 20 years down the road.
Young adults from 18 to 29 make up the largest percentage of identity theft victims, according to the Federal Trade Commission. Scammers steal the personal information mostly to take out loans that will never be repaid.
The base price can be $300 to $400, which doesn’t include any special inscriptions or decorative stones, which can drive the final price to the same neighborhood as a semester’s worth of college textbooks. That’s a lot to shell out for parents on a tight budget or a student working part time.
Law enforcement experts say elderly people are the perfect target because they’re often too kind and trusting and too willing to part with their money to help a grandchild who is seemingly in trouble.
Kids are now getting nearly $4 per tooth from the tooth fairy, according to a new Visa survey of more than 3,000 parents. Some lucky youngsters are even finding $20 under their pillows, with a small percentage getting $50 per baby tooth, Visa said.
Kids still need to master the basic blocking and tackling of managing their money. But now there is so much more financial technology to help.
American Express rolled out the card in mid-August with the motive of making banking inroads with the millennial generation of teens and young adults. A company executive cited 32 million male gamers worldwide who play League of Legends a “staggering” 1 billion hours a month as a reason for partnering with Riot Games. That’s a lot of potential American Express customers.
Supplies and services always get overlooked. You’re frazzled and your 18-year-old is overwhelmed. That translates into bad decisions and possibly paying lots more for stuff at stores near campus that could have been bought more cheaply at home.
An NFL player could have avoided forfeiting more than $2 million simply by showing up to an offseason workout. His loss provides a cautionary tale for kids on how to safeguard their money, especially when starting that first job,
If you have a child in this boat, asking the bank to raise the credit bar is a reasonable solution. But like everything else involving relatively inexperienced credit card holders, caution is advised.
From clothing and accessories to backpacks, computers and calculators, the average family is expected to spend $635 in the weeks ahead, according to the National Retail Federation. The retail group also reported that prices on supplies are up an average of 7.3 percent from a year ago.
Issuers go after college students this time of year, and young people new to the credit game should be cautious.
For a few hundred dollars, you get a policy that will reimburse your tuition, on-campus housing costs and possibly other fees if your student has to drop out of school for medical reasons, such as mononucleosis, injuries from an automobile accident or mental health issues. Family financial setbacks that result in withdrawal from school are also commonly part of coverage.
Titles abound. The trick is to find books that will appeal to the beginner.
A new study from Cambridge University shows that most children by age 7 know how to recognize the value of money and can count it out. They also understand how money can be exchanged for products and what it means to earn money through work.