The holidays are here, good cheer abounds, friends and family members gather around the table to celebrate, and then suddenly your status-conscious cousin looks at you and blurts, "Hey, how much are they paying junior partners at your firm these days? I'll bet you're making some bank, eh?" Or it could be Grandma with genuine concern in her eyes, asking, "When are you going to get a real job so you can afford your own place?" Or your out-of-town college buddy who peppers conversation with questions about how much you spent on your new home, what the appliances in your kitchen cost, and what kind of credit score you're sporting these days.
Let's get real and admit that poring over the terms of your car lease probably isn't high on your to-do list. When I get a new car, I'm tempted to ignore the rather boring and overwhelming terms of the deal. I’d much rather think about the fancy GPS system, the heated seats (score!), and the beautiful interior than things like interest rates, doc fees, and destination charges.
Late last week, Marriott International announced they experienced a "data security incident" involving their Starwood guest reservation database. Their investigation showed that there had been unauthorized access to the database, which contained information on up to approximately 500 million guests who've made reservations at a Starwood property.*
Holiday shoppers have been careful each holiday season to make their lists and check them twice. Budgets have become more discerning, and savers have become better planners for their holiday spending, prioritizing savings along the way.
Just the other day while I was out shopping, the woman standing next to me at the registers went to grab her credit card and realized her wallet was missing. I saw the look of panic on her face and remembered how I felt when my wallet was stolen. So many things run through your mind that you’re not quite sure what to do first.
Here’s my advice: Don’t Panic!
Topics: Credit Card
The holidays can be an energy guzzler. The Christmas lights are hung and turned on 24/7. The oven is busy baking gingerbread cookies, yams, turkey, etc. The whole family is at home and turns on all of the lights...and the television...and the computer. Between driving to stores to buy gifts and attend holiday dinners and parties, the car gets double its normal use.
There's no better time to score a great deal than during the Black Friday/Cyber Monday sales, but it's also prime time for the scam artists who've become increasingly adept at scoring personal data and credit card information via a variety of sophisticated techniques. And if you think you can't be outwitted by these nasty characters, think again.
Whether you've already started the car buying process or are just beginning, you're probably wondering whether to buy or lease a new or used car.
The ever wise and philosophical Benjamin Franklin had advice about our smallest denomination of currency: “A penny saved is a penny earned.’’ But even he might be surprised how quickly that single penny can add up to serious savings. One penny saved can lead to nearly $700 in the course of a year. Here’s how you do it:
Are you hesitant to offer financial education as part of your wellness programs or employee benefits? You aren’t alone. Many of the employers and HR professionals I talk to are aware of the benefits of providing financial literacy support to their workers, but they are also mindful of the challenges.