If you are not familiar with them, a prepaid debit card is a card that is issued by a financial institution that is preloaded with funds.  A prepaid debit card works in the opposite way that a regular credit card works, in that instead of buying something with borrowed funds (that’s what you are doing […]

The sooner you start saving for your retirement, the more time your money has to grow.  The sooner you start stashing money away the better. According to the U.S. Department of Labor (DOL), fewer than half of Americans have calculated how much they need to save for retirement. The average American spends 20 years in […]

According to a Bankrate.com report, 28 percent of Americans have more credit card debt than savings.  Even more staggering, 17 percent have neither an emergency savings account nor credit card debt. The overall personal savings rate for Americans has fallen as their spending has increased. According to the U.S. Department of Commerce, the U.S. personal […]