Personal finance
Credit vs. Cash
Credit cards are a powerful financial tool. When wielded correctly, they can help you build your credit, and control your expenses. Most people use credit cards the ’wrong way’ - buying big ticket items, then spreading the cost over several months of payments. This is good for the credit card company, and bad for you - why? Because you’re paying interest on the balance, which by the end of the year, can amount to hundreds of dollars wasted....
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Make your money work harder
There are a number of financial institutions throughout the tri-state area that offer free checking and saving services. While neither GoodTemps nor Goodwill endorses any particular company, a free checking account is easy to acquire, and something that can save you hundreds of dollars a year versus using check cashing companies to access the money on your paycheck. Similarly, online savings companies pay interest rates that can actually make your money grow, compared with brick and mortar firms, the savings rates of which are normally only a f...
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