Archive for December, 2011

Your New Year Money Checklist

Posted on December 29, 2011 by Saldutti

Real Simple magazine suggests that you do these 11 things this month to start 2012 off on the right financial foot. Rebalance your portfolio. Making sure that your asset allocation is in line with your investment goals is an essential part of managing a portfolio. The beginning of the year is an opportune time to do it, and the process may take only a few minutes. Track your spending. Whether you use a software program (such as Quicken) or pen and paper, you need to know where your money is going. Break your expenses down into categories–like utilities, insurance, entertainment,…

Destroy Holiday Debt

Posted on December 27, 2011 by Saldutti

If racking up credit card debt over the holidays was simply unavoidable, now would be a great time to put together a plan to pay off that debt as quickly as possible. Americans were expected to spend an average of $646 for gifts this holiday season, according to a survey by American Research Group, and many consumers chose to put some or all of that budget on their credit cards. If you were one of them, you don’t have to let a holiday spending hangover ruin the New Year.  Here are some tips to deal with that holiday debt load…

Secret Santas Show True Meaning of Christmas

Posted on December 20, 2011 by Saldutti

Attention Kmart shoppers: An anonymous secret Santa may have paid off your layaway balance. Over the past weeks, news outlets across the nation began to report of Kmart customers having their layaway balances paid in full by anonymous donors, renewing their faith in the spirit of Christmas giving. DailyFinance reports that anonymous donors have paid off, or significantly paid down, layaway balances at stores in Nebraska, Michigan, Iowa, Indiana, Montana and Pennsylvania.  An unidentified woman handed out $50 bills and purchased layaway orders for as many as 50 people at an Indianapolis Kmart.  “She was doing it in the memory of her husband…

Throw An Office Holiday Party On A Budget

Posted on December 16, 2011 by Saldutti

Though many companies are in better shape than they were a few years ago, some employers are still making cutbacks when it comes to holiday budgets – this includes parties. Just 35% of small-business owners are expecting to host a holiday party – the lowest in the 10-year history of the American Express OPEN survey of small businesses.  Caterers say companies are having smaller parties this year than they did last year. Many that have rented space for parties in the past are instead having the events in their offices. Companies want to let staffers and clients know that they’re appreciated,…

Top 10 Business Gifts Under $20

Posted on December 13, 2011 by Saldutti

One of the best things about the holiday time of year is getting gifts for customers, employees and even for yourself. Forget the boring food baskets that will be forgotten by the end of the day. Giving a memorable business gift on a small-business budget means getting creative. Here is American Express OPEN Forum’s  annual list of the best business gifts under $20. 1. SeV Travel Boxers  Let’s face the facts – we are never without our cell phones. As a result, Scottevest’s travel boxers are the perfect solution. This apparrel has that all-important pocket for your iPhone or passport. Wear these boxers and you…

U.S. Is The World Leader in Credit Card Fraud

Posted on December 08, 2011 by Saldutti

A new paper in The Nilson report dubbed the U.S. the world’s credit fraud leader, with 47% of the world’s debit and credit fraud occurring on our shores.  This is despite the fact that America only generates 27% of the world’s “total volume of purchases and cash.” Wheras banking institutions in Europe, Africa, Asia, the Middle East and Latin America have been swift to adopt stricter security systems, such as having users punch in one-time passwords for cards-not-present (CNP) transactions and imbuing cards with computerized chips, U.S. banks have been slower to adopt the new technologies due to fear of…

7 Dangers of Debit Cards

Posted on December 06, 2011 by Saldutti

When you’re strapped for cash, it’s often easier to opt for plastic instead.  But at many places the choice shouldn’t be between paper and plastic, but what kind of plastic to use. In other words, when to use your credit card and when to settle for debit?  It may be surprising for some, but even your debit cards aren’t safe at certain ATMs. And if you’re traveling, you’ll be even more of a target so forget hotels, gas stations, and restaurants. The Business Insider has created this guide to the seven dangers to consider before using your debit card. Standalone…

Gifts That Teach Kids About Money

Posted on December 02, 2011 by Saldutti

How much money will you spend on presents for the kids this holiday season?  According to the National Retail Federation, the average shopper will spend about $400 on family members.  And how much of that is cheap plastic or fabric that will be forgotten in a few short weeks? If you’re sticking to the “hottest toys” shopping lists, probably most of it. Books – If your son or daughter’s a little bookworm, this is a rich place to start. (And if not, they can learn reading and math at the same time.) There’s Rock, Brock, and the Savings Shock, a…