The credit card industry can be tricky and the lack of financial literacy can create a financial nightmare. There's always the "fine print" details that most consumers overlook. How many of these were you aware of?
Both experiencing the emotional loss of a loved one and the emotional loss of your financial life are similar in some distinct ways. However, the emotional stages of debt also have two additional components that a mortal death does not.
Before I could think it through, I reached for my credit card and phoned the number on the screen. I knew I had to do it immediately because there were only 6,003 Tan Towels left, and their phone lines were lighting up.
Like Suze Orman says, for some people having a credit card handy is like having an open bottle of booze for an alcoholic. You just can't leave it alone. I like to think I have more self-restraint than Lindsay Lohan at an open bar, but could I trust myself with an extra credit card?
So, how can you raise one of these marshmallow-waiting, money-saving, super-savvy kids? There are lots of tips on waiting and saving in Money as You Grow, a project I am working on as a member of the President's Advisory Council on Financial Capability.
A series of inaccurate forecasts could make people doubt the ability of the FOMC. Opinions on the new reporting detail will vary, but ultimately the verdict may lay in the hands of whoever eventually succeeds Ben Bernanke as Fed chairman.
It's the classic election year question: Are you better off now than you were four years ago? As the primary season gets under way, expect to hear some version of that question with increasing frequency. Your answer may depend on where you live -- and how you vote.
It's hard to avoid noticing some offers that would have been better left on a marketing team's whiteboard. Our panel of credit card experts found this year's five worst credit card offers, along with one account that's worthy of a second look.