Boston Tragedy Sparks Warning About Charity Scams

The registration of 125 “charitable” websites within an hour of the explosions at the Boston Marathon on April 15 brings light to the issue of charity scams. In what is now becoming an all-to-familiar pattern, Massachusetts Attorney General Martha Coakley issued a warning to people to validate the charity before they donate, especially if the […]

Credit Card Debt Decreases Even as Consumer Spending Climbs

After years of focusing on paying down debt, American consumers have started opening their wallets to spend again. Both moves helped the economy. Consumers paid down debt, especially mortgage and credit cards, at a record pace from 2008 to 2010, a decision that helped stabilize the American economy after the credit crisis and financial meltdown […]

Jamie Dimon on Elizabeth Warren: ‘She uses some pretty harsh words, some would say vilifies successful people’

Dimon on Sen. Warren: “She uses some pretty harsh words, you know, some would say vilifies successful people,” he said. “I don’t like vilifying anybody. I think we should applaud successful people.” Dimon said that Warren’s proposed Accountable Capitalism Act would change “the complete nature of how you run a corporation.” “I think we have to […]

Why You Should Set Goals for Budget

Creating and sticking to a budget is the best thing you can do to get on track financially. Mastered your budget? Then it may be time to evaluate your budget and set new financial goals to work toward. Examining your annual budget can help you recognize larger spending problems or patterns, financial priorities, or even changes in circumstance, all of […]

Tips to Stay Motivated to Reach Your Savings Goals

Are you struggling to find the motivation to reach your savings goals? It can be difficult to remain on track when you’re saving for the long-term. It’s easy to lose focus and start spending money on the things you want in the present rather than the things you want in the future. Here are a […]

Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

Decades of discrimination by the federal government and America’s financial institutions has induced an almost trauma-like response in many people of color, particularly African Americans, making them less likely to seek credit. This defensive behavior often distances people of color from the very credit-granting institutions they need to thrive. The ramifications can prove devastating, as […]