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Enjoy Your Summer Vacation — Without Maxing Out Your Credit Cards

By Eric Jorgensen

Learn more about Eric on NerdWallet’s Ask an Advisor

School is out, and summer is upon us. It’s time to let loose and have some fun. 794 more words

Roswell

Manage your credit card spending

Managing your credit card spend and keeping it within your monthly budget can be a bit tricky. The reason is that we budget for a calendar month, but our credit card statement generally happens at a random mid-month date. 443 more words

Habits

A QUARTER OF AMERICAN ADULTS CAN’T PAY ALL THEIR MONTHLY BILLS; 44% HAVE LESS THAN $400 IN CASH

Source: A QUARTER OF AMERICAN ADULTS CAN’T PAY ALL THEIR MONTHLY BILLS; 44% HAVE LESS THAN $400 IN CASH |

govtslaves.info

May 21, 2017

 

There was some good news and some not so good news in the Fed’s latest annual… 409 more words

Activism

Mr. Militant Negro reblogged this on The Militant Negro™ and commented:

A QUARTER OF AMERICAN ADULTS CAN’T PAY ALL THEIR MONTHLY BILLS; 44% HAVE LESS THAN $400 IN CASH

There was some good news and some not so good news in the Fed’s latest annual Report on the Economic Well-Being of U.S. Households. First the good news. The report, based on the Board’s fourth annual Survey of Household Economics and Decision making conducted in October 2016, presents a “picture of improving financial well-being among Americans”, at least according to the report (read on to see if this is merited). Overall, 70% of the more than 6,600 respondents said they were either “living comfortably” or “doing okay,” up 1% from 2015 and up 8% from the first survey results in 2013. Not surprisingly, the highest percentage, or 92%, of those who responded they were “living comfortably” was among the group with more than $100,000 in family income. For Americans making less than $40,000 the breakdown was almost evenly split with 49% saying they are “just getting by.”  According to the same study, 28% of respondents said that their income in the last 12 months was less than $25,000, and 40% report that their income was less than the key $40,000 cutoff, which suggests that roughly 4 in 10 Americans are “finding it difficult to get by.” The improvements in well-being as reported by the survey respondents were concentrated among high-income adults, with at least some college education, and prompted the WSJ to write that “U.S Household financial health improved in recent years.” Even so, most of the changes reported in the survey were relatively modest, “reflecting a slowly improving economy and an unemployment level at or below 5% throughout 2016.” Now, the not so good news. Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years, 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a car repair or medical bill, or would have to borrow money or sell something to meet it. Troubling as this statistic remains, the overall share of adults who would struggle to come up with $400 in a pinch has declined by 2% from the last survey conducted in 2015, and down 6% since 2013. Of the group that could not pay in cash, 45% said they would go further in debt and use a credit card to pay off the expense over time. while a quarter would borrow from friends of family, and another 27% just couldn’t pay the expense. Others would turn to selling items or using a payday loan.

Budget by payment forms

As with your simple budget, there is no generic solution to understanding how you spend your money. We all have different spending habits and ways that we understand our money. 268 more words

Habits

Little bits of plastic

You could put these on the till in your shop to show that you accepted the daringly modern devices known as credit cards.

The UK’s first credit card was issued by Barclays… 169 more words

Communications

Take Your Business Online with a Merchant Gateway

What EMV Implementation Sting?
Three months after the EMV liability shift, merchants who have not focused on their EMV IMPLEMENTATION are beginning to experience more… 458 more words

Merchant Processing