Articles tagged in Savings

06.06.11

Teach Your Children About Money.

Alex Gutow

The recent recession reminded many families about the importance financial management. It also made it obvious that no child is too young to learn how to manage their finances. The mortgage crisis is a great example of what happens to people who don’t have enough financial information – many people signed mortgages they could not afford or that had terms

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06.02.11

Savings in America

Stan Reybern

We all know that we’re supposed to save. You have to save for retirement, emergencies, college, large purchases, etc. However, this doesn’t mean that everyone is saving or knows how much they should be saving. During the peak of the housing bubble, the savings rate for Americans dropped to an all time low of .9% – meaning we were saving

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05.31.11

How Are Banks Rewarding Customers?

Erik Chang

Reward programs have become the norm for many banks and customers. After all, why wouldn’t you want to earn points or cash back simply for using a specific credit card? Banks provide these various reward programs for a number of reasons including: increasing goodwill among existing customers, drumming up new business through attractive reward offers and improving their standing in

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05.25.11

The Road To Financial Independence: The Student Credit Card

Alex Gutow

As the end of the school year nears, the excitement of going off to college is building for many high school seniors. One of the most exciting things for these incoming freshmen is the independence that college will bring: no curfew, no parents and no easy access to parent’s wallet when they need some extra money. Before this class heads

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05.23.11

Rewards in Social Networks

Erik Chang

It’s no secret that social channels are a great way for companies to increase exposure and build customer relationships. By simply setting up a Facebook page, companies can build a following of loyal customers and expand their reach to potential customers. To encourage customers to “like” them on Facebook or follow them on Twitter, companies started to offer exclusive offers

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05.16.11

The Future of Banking

Stan Reybern

When I turned nine, my grandmother gave me a bright yellow, circa 1980 Robie the Robot Bank from Radio Shack for my birthday. When I placed a coin into Robie’s hand, he lifted it to his mouth and swallowed my change, keeping it safe for a rainy day in his metal belly. The best part was always the little robot

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05.13.11

Are you financially literate?

Samantha Eckles

There is no doubt that unscrupulous lending practices were a leading cause of the recent recession. However, those practices would not have been able to happen as easily if consumers were better able to question these abusive practices. While the newly created Consumer Financial Protection Agency’s job is to monitor and warn consumers about these practices, they only have limited

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