Don’t Let Back-to-School Tasks Sneak up on You

Aug 20th, 2014 Posted in Credit Card Comparison | No Comments »

Parents, if this is your first time at the back-to-school rodeo, let me share a few lessons my wife and I have learned the hard way: Chances are youll be spending the next few weeks filling out piles of pre-enrollment paperwork, lining up carpools and, of course, taking the dreaded shopping excursions for clothes and school supplies.

If youre a first-timer or simply need a back-to-school refresher course, here are a few suggestions that can help you save time, money and sanity:

Get organized. Maintain a correspondence file from your kids school for things like registration requirements, report cards, permission slips, required vaccinations, school policies (absence, illness,...

Young Parents Jump on Savings Bandwagon

Aug 20th, 2014 Posted in Education Loans | Comments Off

Concerned about of the burden of student debt, more parents are prioritizing savings in 2014 over 2013 as the number one way to pay for their children’s college education, according to the the College Savings Foundation’s (CSF) eighth annual State of College Savings survey of parents across the US  

Seventy-one percent of parents said that increased public awareness of student loan debt had caused them to look at different strategies for funding their child’s education. Overall, saving is a top strategy for 45 percent of parents, up from 43 percent last year and topping loans/borrowing at 15 percent, grants/scholarships/direct aid at 30 percent, and current income...

Simple strategies can boost balances

Aug 19th, 2014 Posted in Cash Management | Comments Off

Were well into a new financial year and having got your taxes out of the way its time to think about making your money work harder for you.

Saving sounds good in theory, but where do you start and how do you boost your cash? Here are some simple tips:

  1. Set a goal. Know what you want to do with your money, how much youll need and what you need to do to get there. Goals dont only give you a target to aim for, they also produce a reward. It may be a holiday youre saving for or a house deposit or the down-payment on a new car. Whatever your savings goal, name it and give it a monetary value.
  2. Reduce or eliminate your credit card and store card balances. These facilities...

Half Of Federal Student Loan Borrowers Not Paying On Time

Aug 18th, 2014 Posted in Education Loans | Comments Off

The data, released without announcement Friday in a series of spreadsheets on an obscure Education Department web page, is among a trove of information that hadnt previously been made public. It includes delinquency figures and data on the department’s loan servicers.

The disclosure comes as Washington policymakers and Wall Street analysts debate whether the nations $1.3 trillion in unpaid student debt poses a risk to US economic growth and to the federal governments budget. Congress is gearing up to reauthorize the nearly 50-year-old Higher Education Act, the federal law governing how tens of billions of taxpayer dollars are annually allocated towards student borrowers and higher...

Education loan credit fund yet to start operations

Aug 18th, 2014 Posted in Education Loans | Comments Off

A Budget announcement made two years ago on setting up a Credit Guarantee Fund for education loans is yet to become operational, despite getting Cabinet approval last November for ,500-crore fund.

The Finance Ministry recently admitted in the Lok Sabha that the scheme is yet to start. The fund was proposed by the then Finance Minister (now President) Pranab Mukherjee in his 2012-13 Budget. He had said: To ensure better flow of credit to deserving students, I propose to set up a Credit Guarantee Fund for this purpose.

Non-starter

Almost a year and a half later, the Cabinet approved the proposal with the Human Resource Development Ministry as settler. The Finance Ministry,...

5 Tips to Keep Cash Flow Strong

Aug 17th, 2014 Posted in Cash Management | Comments Off

Michael Lewis, a former business executive and financial blogger, does not sugar coat things when he says, owners who cannot efficiently manage their cash flow are almost certain to fail.

Every day new entrants throw their hat into the ring of entrepreneurship. And every day severaldie off. Many of these entrepreneurs, after spending considerable time fine-tuning their business plan, find themselves scratching their head, wondering why their company, with its innovative product or service,suffered such a fate.

In a great many cases, the answer is easy: cash flow.

Cash flow is the lifeblood of a business and critical in its growth, according to entrepreneur and marketing...

Website ranks town as top place to own a home

Aug 17th, 2014 Posted in Credit Card Comparison | Comments Off

A consumer advice website has ranked Trumbull as one of the “Best Places for Homeownership in Connecticut” and First Selectman Timothy Herbst said the ranking shows the town’s continued progress.

NerdWallet (NerdWallet.com), in a July 25 online article, listed Trumbull as the 7th best place for homeownership in the state, among 60 places that were ranked. The site previously recognized Trumbull as one of “The Best Towns for Young Families” in Connecticut, in November 2013.

“This article is just the latest piece of evidence that Trumbull is viewed very favorably by independent sources with no formal ties to the town,” Herbst said. “It...

The Best Credit Card Offers for August 2014, Ranked by Creditnet.com

Aug 16th, 2014 Posted in Credit Card Comparison | Comments Off

NEW YORK, NY–(Marketwired – Aug 5, 2014) – Creditnet.com, an industry-leading website which educates consumers on credit and allows them to compare a variety of credit cards, has announced its selections for the best credit card offers for August 2014. The list is made up of the top credit cards in five categories consumers typically desire most.

Best 0% APR – Discover it
Discover it is a Creditnet.com Editors Choice selection and receives high praise from consumers as well. This card offers a 0% introductory APR for 14 months on both purchases and balance transfers and there is no annual fee, nor is there a late fee for your first late payment....

CompareCards Launches Free ‘Credit Concierge’ Service to Help Consumers …

Aug 16th, 2014 Posted in Credit Card Comparison | Comments Off

CHARLESTON, SC–(Marketwired – July 29, 2014) – CompareCards, one of the nations leading credit card comparison companies, launched a new credit-monitoring service, Credit Concierge. Credit Concierge offers an easy way for consumers to keep track of their overall credit performance and obtain the tools and advice necessary to understand and improve their credit rating.

Credit Concierge offers a number of unique and beneficial features to consumers. The service is 100% free, with no hidden costs or strings attached. Consumers will have immediate access to their credit scores through TransUnion. The credit score request is considered a soft inquiry and will have no affect...

Grand Central: BOE’s MPC Nearing Division on Rate Path

Aug 16th, 2014 Posted in Economic | Comments Off

DOUGLAS’ TAKE: BOE’S MPC NEARING DIVISION ON RATE PATH 

Bank of England officials meet Wednesday and Thursday to review the latest developments in the UK economy and decide whether or not to raise interest rates. The outcome could be a split vote, the first since June last year, when outgoing governor Mervyn King was defeated in a last-ditch push for more bond buying.

A majority of officials led by Gov. Mark Carney are expected to keep the BOE’s benchmark rate at a historic low of 0.5%, at least for now. Rapid growth has sent unemployment tumbling, but officials have signaled they are minded to stay on hold until there is stronger evidence the economy is nearing...