On July 23, Bank of America announced that many of its consumer credit cards will soon have chip technology, which is the standard in Europe and many other countries. I’m thrilled because I am a long-time Bank of America customer and a frequent traveler. I actually just returned from a week and a half in Ireland. Quite a few people working at stores and restaurants expressed surprise that we still use magnetic stripe cards and said they seemed so much less secure.
Learn more about that and read my roundup of my 10 favorite personal finance blog posts from the past week!
I think a peek into someone’s wallet says a lot about them. I realized I haven’t ever really stopped to share what’s in my wallet.
What’s in yours? Your thoughts about what it should or shouldn’t contain may change when you check out this list of my favorite personal finance reads from the past week.
Like many personal finance writers and editors, I enjoy reading the latest studies on consumer spending to see if my behavior correlates with recent research.
According to a monthly survey compiled by Sentient Decision Science Inc., called the First Command Financial Behaviors Index, I’m right there with middle-class Americans who are simultaneously paying down old debt while taking on new loans.
Father’s Day is on Sunday, and it has me thinking about how I owe so much in my life to my dad. I could devote a whole post about that, but instead, I will just stick with saying I am thankful that he has passed down many important money lessons to me throughout my life.
Did your dad or other fatherly figure pass along any lasting money lessons to you? Read on for more great money lessons below in some of my favorite personal finance blog posts from the past week, several of which talk about passing money lessons on to kids.
A recent Wall Street Journal article (that quoted CreditCards.com) says that unpopular bank fees are slowly but surely on the decline. I’ll toast to that! Thanks to the Card Act and consumer discontent with bank fees, the major banks have been trimming their penalty rates and fees. Interest rates aren’t better according to our data, but if you ever pay a credit card bill late or travel abroad, you will find some major relief from these changes.
It’s major that issuers are starting to get rid of foreign transaction fees. Previously, Capital One was the only issuer with that benefit, which is why I carry one with me whenever I travel internationally. The article adds that in this current financial climate, consumers have the power (especially if they have a good credit score) and should consider negotiating with banks when setting up accounts to get more favorable rates and fees.
Keep reading for my list of my top 10 favorite posts from the personal finance blogosphere this week.