Comparing Related Financial Services - In addition to the credit card company advertisers listed below, Debtconsolidationloan.com offers a wide variety of consumer finance program listings to assist you with controlling your debts and other money management needs. Consolidate credit card bills with debt consolidation loans or use a credit counseling service for help with your getting your monthly budget under control.
- Credit Card Debt Settlement - Simply too much debt to get a grip on? Review a list of companies and learn more about this service that uses debt negotiation and arbitration to help people that need assistance with eliminating their debts.
- Debt Management Counseling - Do you have too many monthly bills and payments to manage them effectively? Visit this directory of sites in order to review and compare different debt management programs that may be able to help.
- Personal Loan Companies - This type of lending is most often structured as an unsecured debt. This means your personal property or house will not used as collateral. Your approval (or denial) will usually be based upon your payment / credit history and your ability to repay the loan. This type of credit is also often called a signature loan.
For Teens:
How to Ace Your First Test Managing Real Money in the Real World
As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money...right from the start...is important. Here are suggestions.
Save some money before you're tempted to spend it. When you get cash for your birthday or from a job, automatically put a portion of it — at least 10 percent, but possibly more — into a savings or investment account. This strategy is what financial advisors call "paying yourself first." Making this a habit can gradually turn small sums of money into big amounts that can help pay for really important purchases in the future.
Also put your spare change to use. When you empty your pockets at the end of the day, consider putting some of that loose change into a jar or any other container, and then about once a month put that money into a savings account at the bank.
"Spare change can add up quickly," said Luke W. Reynolds, Chief of the FDIC's Community Affairs Outreach Section. "But don't let that money sit around your house month after month, earning no interest and at risk of being lost or stolen."
If you need some help sorting and counting your change, he said, find out if your bank has a coin machine you can use for free. If not, the bank may give you coin wrappers.
Some supermarkets and other non-banking companies have self-service machines that quickly turn coins into cash, but expect to pay a significant fee for the service, often close to 10 cents for every dollar counted, plus you still have to take the cash to the bank to deposit it into your savings account.
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Spring 2008 | Save Money | Track Spending | Think Before Buying | Protect Yourself |
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
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Last updated on 05/13/2008