Posts Tagged ‘Banking Budgeting’

Stress-Test-for-Your-Bank: Personal Finance News

Five ways to evaluate how your bank is serving you in this economy. Talk about headaches. Having to come up $75 billion in new capital is a stress test in itself for the banks deemed to be in the worst shape by the Federal Reserve. Compared with that, resolving issues you're having with your own bank seems like a walk in the park. Still, dealing with financial institutions nowadays can be a major source of irritation. Ask these questions to determine how well your bank is serving you -- and learn what to do to lower your own stress level: Are my deposits safe? As long as your bank is insured by the Federal Deposit Insurance Corp., your money is guaranteed -- up to $250,000 per depositor. That's the case even if you have an account with Bank of America, which tops the bad-bank list and needs to raise $34 billion in capital. Call 877-275-3342 to verify that your bank is covered by the FDIC, which is backed by the full faith and credit of the U.S. government. The $250,000 limit Continue Reading

How to Dig Yourself Out of Debt and Save at the Same Time

Even if you're living paycheck to paycheck, this report will show you how to start paying down debt, build emergency cash reserves, and even set aside money for investing. 1. How to Dig Yourself Out of Debt and Save You're living paycheck to paycheck and it's causing a lot of stress. Bills and credit card payments are eating up most of your income. You know you need to rid yourself of debt and save some cash -- a cushion of three to six months' living expenses to use in case of emergency. And you'd like to begin investing on a regular basis to build some financial security. But how can you get ahead with the bills you already have, not to mention the unexpected ones that seem to crop up automatically whenever you have a little extra cash? Chances are, you find it difficult to do anything because you don't know where to start. Relax. A lot of people are in your situation. What you need to do is face up to the matters at hand and set up a plan of action. The time to do that is right Continue Reading