Using Credit Cards with Cash Back Bonuses

Credit cards are excellent tools, assuming that you are responsible in how they are used. Providers who offer cash back bonuses on qualified purchases can save you a lot of money each month! The money you save can easily go into the vacation fund, pad your savings a bit, or even feed that household contingency fund that you just started. The strategy calls for knowing what types of purchases will result in some sort of cash back bonus. Some providers cover a lot of day to day purchase, like groceries and gasoline. Many will also reward bonuses on purchasing like clothing or school supplies. When that is the case, use the card every time you fill up, go to the supermarket, or need new school clothing for the kids. Even if each of the bonuses is no more than one or two percent of each transaction, the bonuses will add up over time. Keep in mind that it is important to avoid interests charges on the card. All charges made to earn cash back bonuses should be settled during the same billing period. Try getting into the habit of logging in to your credit card account every payday and remitting a payment equal to the current balance. This will allow you to still enjoy the cash back bonuses while also getting to use the card for...

What is a Household Contingency Fund?

You’ve heard of companies having contingency funds. These are simply resources that are set aside to manage the cost of unanticipated financial emergencies. Why not take this idea and apply it to the operation of your household?

Will Obamacare Raise My Taxes?

If you don’t understand something, it is up to you to get information. Seek out the truth. Ask the questions. Be sure you understand, before you blindly condemn or support.

Creative Alternatives for Funding College Tuition

You have probably seen and heard the news recently about the astronomical cost of college. If you’re a parent, you’re wondering if you will be able to send your kids. If you’re a high school student or even in college now, you’re wondering if you will ever be able to make enough money to pay off the loans you expect to have to obtain. And with the economy still recovering so slowly, and the unemployment rate high, you might even wonder if your college education is actually worth the money you will pay for it. Does it make sense to spend hundreds of thousands of dollars, when the highest-paying job you will likely be able to get after graduation will pay hardly more than minimum wage? This is a subject that is intensely personal for me right now, because I have one child in high school and one in junior high. A year or so is all the time I have to figure out how I am going to pay for college for both of them. Traditional FAFSA, Grants,  Loans and Scholarships You can and should fill out the Free Application for Federal Student Aid, in order to determine how much you may qualify for in terms of federal Pell grants, work-study programs and student loans. Of course, the school itself may offer you grants and loans, so absolutely DO NOT HESITATE to ask. There are also a number of scholarships for which you can apply. Be sure not to pay anyone in advance to guarantee you a scholarship – that is likely a scam and you won’t see a penny. There are loans for both students and parents, federally funded and subsidized as well as privately funded. These, of course, are the most common option for many students, and this is where you can find yourself buried in...

What Are the Odds of Winning the Jackpot?

The odds of winning the Powerball jackpot are 1 in 175,223,510. It’s clear that the chance of winning is very slim, but how low is it really? It’s so low, in turns out, that it might as well be no chance at all. This graphic will help you visualize it.