Today’s top story: The most depressing number in personal finance. Also in the news: The secret language of finance, the changes coming to IRAs and 401(k)s in 2015, and the money moves you should make by the end of the year.
This Is the Most Depressing Number in Personal Finance
Take a guess.
Translate This! How To Decode The Secret Language Of Finance
Like Rosetta Stone for banks!
IRA and 401(k) Changes Coming in 2015
You’ll be able to contribute more next year.
When Refinancing Your Student Loans Can Backfire
Thorough research is essential.
Today’s top story: How high your credit score needs to be in order to refinance. Also in the news: Tips on getting out of debt from people who have paid off thousands, ways to save on monthly housing costs, and how to avoid the scariest credit card fees.
What credit score do I need to refinance?
Reaching the magic number.
How to Get Out of Debt: Lessons From People Who Paid Off $100,000
Learning from the masters.
4 Ways To Save On Monthly Housing Costs
Every little bit helps.
The 5 Scariest Credit Card Fees – And How to Avoid Them
Paying even an hour late could cost you big bucks.
8 Online Banks That Let You Skip the Fees, Enjoy the Interest
Thinking outside the branch.
Dear Liz: I think I’ve been scammed, but my credit union has decided I’m simply forgetful. I noticed a debit to my checking account that I did not recognize from a merchant I cannot identify. The merchant name appears on my statement as simply “Portland Portland OR.” My credit union can tell me only that it is a used-merchandise store or secondhand store. I questioned the charge by email and replaced my card. Then I got a letter from the credit union upholding the charge, saying that my card and PIN were present at the time of the transaction. I never did learn the merchant’s name. Can this merchant really not be identified? The $10.48 in dispute is unimportant compared with the complete opacity of the supposed purchase. No name, no address, only a day and time. Is this mystery the best the banking system can do?
Answer: Your credit union could identify the merchant by contacting the card network that processed the transaction, but has apparently decided it’s not worth the effort, said Odysseas Papadimitriou, chief executive of Evolution Finance, which operates the CardHub.com card comparison site. You can demand the credit union identify the merchant for you, but there’s reason to believe this transaction is legitimate, he said.
It’s not just because a personal identification number was used, however, since PINs certainly can be stolen. Hackers have compromised keypads at Michael’s stores and Barnes & Noble, among other retail chains, while Target said encrypted PIN data were stolen in its massive database breach.
But the use of a PIN combined with the small amount of the transaction indicates the culprit here likely is forgetfulness rather than an identity thief, Papadimitriou said. ID thieves are unlikely to make one small transaction and then wait, he said.
“They try to extract the max they can before they get shut down,” Papadimitriou said.
Still, your experience should make you think twice about using a debit card for a retail transaction. With debit card fraud, you may have to fight with your financial institution to get the money back, since the transaction comes directly out of your checking account. With credit cards, you don’t have to pay a disputed transaction until the card company investigates.
Dear Liz: In your column about saving loose change, another reason to keep a couple of coffee cans full of coins is for when we have the “Big One.” ATMs and banks and stores that rely on computers will be down, but loose change and small bills will be spendable.
Answer: Every disaster preparedness kit — which every home should have — should include some cash for emergency spending. But the cash should be in the form of bills, not change, which will add unnecessary weight to your kit if you have to evacuate. A few hundred dollars in bills are easily carried — not so the 20 or 30 pounds of change that make up an equivalent amount of spendable money.
Today’s top story: How to reduce your energy bill by killing off “energy vampires.” Also in the news: Tips on lowering your teen’s car insurance, hazards every student loan borrower should know, and what 2015’s retirement fund contribution limits will be.
This Tool Calculates How much You Pay for “Energy Vampires”
Driving a stake through your energy bill.
6 Tips to Lower the Cost of Your Teen’s Car Insurance
Unfortunately, they won’t lower your blood pressure.
6 Hazards Every Student Loan Borrower Should Beware Of
Don’t set yourself up for failure.
IRS Announces 2015 Retirement Plan Contribution Limits For 401(k)s And More
Find out what changes are in store.
The Best Day to Buy Airline Tickets
Start strategizing for holiday travel.
Today’s top story: The best low interest credit cards in America. Also in the news: How to have the money talk with your new significant other, why a new IRS rule could change your 401(k) contributions, and how to choose investments for your retirement account.
The Best Low-Interest Credit Cards in America 2014
The lower the better.
How To Bare Your Finances To Your New Love
Tips on having The Talk.
New IRS Rule Can Make Big Difference in 401(k) Contributions
Understanding the new rules.
How To Choose Investments For Your Retirement Account
Choosing for the future.
15 Personal Finance Experts Tell Us: ‘The Best Thing I Ever Bought for $20 or Less’
What to do with the twenty that’s burning a hole in your pocket.
Five Life Insurance Mistakes That Can Haunt You
These mistakes can be costly for both you and your loved ones.
Remember, Some Gifts Are Taxed
The gifts that keep on giving (and taking).
A Simple Tool for Getting Better Financial Advice
It’s about more than just your money.
7 Credit Card Strategies to Help Your Credit
Using your cards to give your credit a boost.
4 Great Ideas from Hanging Around with Financial Bloggers
Tips from those in the know.
Today’s top story: How Americans sabotage their savings. Also in the news: Ways you can make your children’s college dreams come true, the best credit cards for holiday shopping, and the multitude of ways you can get a free copy of your credit score.
5 Ways Americans Sabotage Their Savings
Stop doing them.
The Simple Path to Making Your Children’s College Dreams Come True
3 Best credit cards this holiday season
The Many Ways You Can Get a Free Copy of Your Credit Score
You have no excuse not to get one.
Babies born today get free $500 mutual fund investment
One day only!