I thought this was so well thought out and written that it deserves a mention. ING Direct put out a We, The Savers statement that clearly identifies how we can be responsible for ourselves during this rough economic stretch. I appreciate the sentiment, plus ING is my bank for both checkings and savings and I love their services. Here is the list : We will spend less than we earn. We will use our home as a savings account. We will take care of our money. We will defend our credit worthiness. We will ignore unsolicited credit card marketing. We [...]
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APR and APY. I know that I have had to look up the difference more than once in my life. It is one of those facts that is easy to understand, but they easy to forget. The numbers are usually similar, but the subtle difference can cost you a lot of money. So, what do they mean and what is the difference. Annual Percentage Rate(APR) is the rate that a company assigns to the financial product. If a credit card has a 12% APR that means that will mostly like charge 1% a month for 12 months. If you carried [...]
Read MoreThis is a guest post form Linda Bustos. Linda is an editor for CreditorWeb, where you can learn about credit cards, compare offers, and apply for a business credit card online. We all know that banks are not on our side. They offer us products and services to make our lives more convenient and pull us through financial jams, but we end up paying for them through interest charges…and bank fees…and late payment fees…and overdraft charges…and NSF check fees…the list goes on. Banks have no shame in trying to squeeze as many cents and dollars from their clients. Financial institutions [...]
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