If you travel overseas, some merchants hope you won't bother to ask basic questions or do a little mental math before you plunk down your credit card. Don't turn off your brain when it comes to using money overseas. Because they're counting on you to.
While technology has advanced since, considering close to a century has passed since the idea of a credit card materialized, it's particularly surprising to note how little has actually changed with credit card technology.
Gift cards and cash are the top two gifts consumers want to receive this holiday season and prepaid cards continue to grow in popularity, sometimes as an alternative to a checking account and sometimes as a type of gift card.
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.