I’ve said it before and I’ll say it again: I credit my parents with my financial responsibility. This Father’s Day, I want to give a shout-out to all of th dads who also helped shape their kids to be financially responsible. Sure, many of us go to college and make some bad decisions, or struggle a bit right out of school. But parents who teach us financial literacy at a young age give us invaluable tools that will last us a lifetime, especially once we’re a bit more mature and can really put those lessons into action.
Read on for my recap of my top 10 favorite personal finance blog posts from this week.
If you had asked three weeks ago, I would have told you my financial future was set. My belongings were boxed up, and I was on my way to law school with plenty of financial aid from Uncle Sam. But my plans changed, and like so many others, I found myself unemployed and unsure of how to meet expenses.
Things turned out well, and I learned an important lesson about the relative importance of what you know versus who you know.
The CARD Act has resulted in many consumer-friendly changes that impact how credit card issuers and banks operate. In response, many of these issuers have taken actions to recoup lost revenue by reducing or removing reward programs and charging extra fees.
Chase recently ran a test in which consumers in Illinois who weren’t Chase customers had to pay a $5 ATM fee when withdrawing money from one of their ATMs, and Texas customers had to pay a $4 fee. This week, The New York Times said that Chase recently ended this test period and has reverted back to the regular $3 ATM fee. A reason wasn’t given for the end of the pilot, but I’m hoping that enough people stopped using them them that the bank got the message and knew they needed to lower their fee again.
For great advice on credit, debt and personal finance, please read on for my top 10 favorite blog posts from the past week.