7 Ways To Holiday Savings Using Credit Cards


Do credit cards and the holidays spell trouble for you? Credit cards and holiday spending can be a dangerous combination – but it doesn’t have to be. Look at your credit cards as financial tools that can help you save money as well as spend it.

Here are seven ways to use credit cards to increase your holiday savings.

1. Lay Out Your Holiday Credit Budget – A budget is the key to prevent overspending – and it’s also the way to avoid approaching your credit card limit. Maxing out a card will not only harm your credit score, it also increases the chances you’ll carry a balance. Save on interest charges by keeping balances low – or eliminating them entirely. You can check your credit score and read your credit report for free within minutes by

5 Steps To Be Your Own Mogul – Part 2


Our prior article, 5 Steps To Be Your Own Mogul – Part 1, covers the first three steps to manage your finances like a business. Below we present the final two steps.

4. Forecasting

If you have performed the budget exercise and broken your expenses out into categories, you can start to highlight areas where you can improve. The idea here is to shift the negative spending into a comfortable routine that focuses more on building savings and trimming expenses for the long haul. You can do it quite easily without weekly envelopes of rationed money or other personal finance gimmicks that rarely work in the long term.Here are some suggestions for improving your financial forecast in painless and satisfying ways:

  • Calculate…

5 Steps To Be Your Own Mogul – Part 1


Why not take some financial pointers from the business world and apply them to your personal finances? Whether you are a party of one or a family of four, it pays to be fiscally agile. Some of the longest financial plays in the business world today are small businesses that perennially stay afloat and drive their successes through careful planning and conservative financial forecasting. Why can’t these principles be applied to your personal financial life too?

1. Determine who your trusted advisors are

Major corporations rely on the skills and experience of a board of directors and you may be asking yourself, “Well, where am I going to round up 10 people to form my own personal board of directors”? Don’t worry – you don’t have to. It doesn’t matter if you are managing the budget of one or a much larger family unit. The real value in making an appraisal like the services rendered by a corporate board of directors is to shed light on where you …

11 Tips To Avoid A New Year’s Credit Hangover


Can you avoid a New Year’s Day hangover? We’re not referring to the traditional hangover that comes from too much alcohol, but the financial hangover that comes from too many charges on your credit card.

Of course, you can avoid a New Year’s credit hangover – especially with some help. Consider these eleven ways to keep holiday purchases under control.

1. Set a Holiday Budget – Review your overall budget, and then decide how much you can afford to spend for holiday gifts given your other expenses (including end-of-year expenses like property taxes and annual subscriptions). Don’t let gift expectations drive your budget – let your budget set gift choices.

2. Make a Gift List – Divide up your gift budget among all your recipients and find gifts that fit within the desired budget. Start early, so you have time to look for the best pri…

Video: 6 Major Differences Between Debit And Credit Cards


Are credit cards better than debit cards? That depends on how you use them. Watch Professor MoneyTips Jeff Hoyt compare the benefits and risks of both credit and debit cards in our exclusive video above.

One definite advantage to credit cards is that you can build up a good credit score by paying your credit card bills on time. You can check your credit score and read your credit report for free within minutes by joining MoneyTips.

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9 Easy Ways To Save At Christmas


Does your Christmas season usually lead to the January blues due to excessive holiday spending? It doesn’t have to be that way. With a combination of planning and willpower, you can enjoy a festive holiday without starting the New Year in a big financial hole. Consider these nine ways to celebrate while staying fiscally responsible.

1. Limit Gift Spending – Start by establishing a shopping list and a budget for all of your items. Track special holiday online offers. Consider using price comparison apps and websites. Take advantage of any coupons. Large families can save by drawing names for a gift exchange instead of trying to buy multiple smaller gifts for every family member. If you want more credit, check out our list of credit card offers.

2. Reject Impulse Buying – Retailers expect you to impulse buy…

Get A Credit Card Without A Job


Life can be difficult without the convenience of a credit card – but if you are just starting out on your own and have no job yet, or you’re down on your luck and currently unemployed, will you be able to qualify for a credit card? The answer is yes, within limitations.

When credit card companies evaluate your application, they are assessing the likelihood that they will be paid back. While the income from a job is an excellent predictor of solvency, there are other methods you can use to show the credit card issuer that you pose limited risk.

Without a job, what income sources will you use to pay the bills? If you have a predictable income stream such as alimony payments, Social Security/retirement benefits, or annuities, it will be easier to secure credit even with a lack of employment income. Assets such as savings accounts will also help, but without an obvious means of replenishing those savings, credit card companies may balk at extending credit to you.

More Than Half Of Store Credit Cardholders Believe They Are Necessary For Holiday Shopping


It’s time to flex your credit-card-swiping muscles to prepare for the holidays – but what type of credit card will you be swiping? Will it be a general-use credit card, or a store credit card designed to maximize rewards with one merchant?

A new LendEDU.com survey provides insight into store credit cards and their holiday use. During the holidays, retailers increase pitches for their store card, including bonuses and perks – and many consumers take retailers up on the offers. Almost half of respondents (47.6%) signed up for a store card, thanks to a successful sales pitch at the register.

Over two-thirds of store credit cardholders (67.7%) have two or more store cards, and just under half (48.8%) of respondents plan to apply for another store credit card over the next twelve months. That makes sense, given that over half of respondents (53.1%) consider a store credit card necessary to meet holiday expenses.

What attracts us to store credit cards? Almost…

Now Is The Best Time For A Rewards Credit Card


Do you have a rewards credit card? If not, now is the perfect time to consider one. The holiday season provides two motivating factors – special rewards offers from credit card issuers and the increased spending necessary to take advantage of those offers.

Many cards offer signup bonuses of hundreds of dollars, or the equivalent in points or miles, if you make a certain dollar amount of purchases within an introductory period – for example, a $500 bonus if you spend $3,000 on purchases within the first three months after opening the account. You may find an offer with a 0% introductory annual percentage rate (APR), furthering your benefits if you will carry a balance from holiday purchases.

According to the National Retail Foundation, the average consumer is expected to spend just over $1,000 during the 2018 holiday season. Extra holiday spending may put tempting bonus offers within your reach.

However, to make the most of a