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Understanding Your FICO Score

By Sarah Collins
11/19/08
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What the hell is FICO?!

Watch Those Rising Bank Fees

By Stuart Schultz
11/18/08
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Banks are one of the major players in and causes of today's credit crisis. And they're literally bleeding cash. So, it's no surprise that they're trying to make up for it. Unfortunately, you're the one that may be penalized.

What Is Crunchonomics?

By Dan Marley
11/12/08
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No, it's not a money-saving diet where you only eat Cap'n Crunch. Instead, Crunchonomics is a landing page that The Wall Street Journal has created to collect past and present articles that can help people through these tough economic times.

Save $1,000 in 30 Days

By Stuart Schultz
11/06/08
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Considering the credit crunch, recession, and crazy-volatile stock market, it's no surprise that money--particularly saving it--is on people's minds.

Let Free Stuff Ring on Election Day

By Christopher Schonberger
11/03/08
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Barack Obama thinks you should take Election Day off, and I couldn’t agree more. Somehow America still celebrates “Columbus Day,” which has about as much to do with freedom as Guantanamo Bay, yet we can’t even give our citizens the opportunity to exercise their most basic right to vote.

Vampire Electronics Suck Your Cash

By Stuart Schultz
10/29/08
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I have a friend. And her father used to be cheap. For example, he'd ask his wife to use as few pieces of toilet paper as possible after going to the bathroom. However, along comes the environmental movement (which, by the way, we're all for), and instead of being cheap

Q&A with Marc Scheer

By Gradspot Dot Com
10/28/08
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Did you know that students expect to earn 44 percent more than they actually do when they graduate? And that at most college, each class breaks down to $100 per hour? (No use feeling guilty about sleeping through most of them now!)

Should I Keep Investing in My 401(k)?

By Stuart Schultz
10/14/08
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If you've been watching the news over the past few weeks, you might have noticed how the stock market lost 50% of its value and everyone started freaking out. But what if you've been depositing money in a 401(k) or Roth IRA? Should you keep pouring money into a sinking ship?

The Debt Chronicles

By Christopher Schonberger
10/08/08
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The dog days of debt have consumed the nation, and as members of so-called “Generation Debt,” perhaps it’s time to face the facts and peer into the abyss of our bank accounts. Check out these articles from Consumerist to get the ball rolling on a new era of financial self-awareness:

Building and Maintaining Credit

By Christine Margiotta
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Quick Tips
  1. Know your score – High credit qualifies you for lower interest rates, so having good credit ends up saving you a lot of money in the long run. Find out what your score is from a major credit bureau.
  2. Never pay late – It's best to pay your bills as soon as you get them. You don't want to risk a late payment. If you can't pay them off in full, make sure you pay off the minimum balance. Frequent late payments will screw your credit score.
  3. Be responsible – Establishing good credit boils down to taking responsibility for your bills. Keep your credit card balances below 35% of the total credit available, and always pay your bills in full on the same day you get them in the mail if you can.
  4. Be proactive – If you have a small source of income, do everything you can to give yourself an edge: ask companies to change the due-dates for payments, pay all your bills online, and contact a credit counselor who can help you review your finances.
  5. When it hits the Fan – Exhaust all the options available to you and DON'T RUN UP MORE DEBT. Apply for more credit cards with lower interest rates and opt for debt consolidation. You don't want to resort to debt management, or worse, bankruptcy.

Credit is one of those nebulous things that lurks in the background of our lives like recessive cancer genes—unseen, unknown, and ready to wreak havoc on our futures if we slip just once. What is credit? Basically, credit refers to your ability to pay people back if you borrow their money (i.e. a credit card) or buy something

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