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Free checking costs a lot more as bank fees rise to record highs

Bank of America

It costs a lot more to get free checking as banks significantly have boosted the average required minimum balance this year to $723, according to data released Monday by Bankrate.com.

 

Friends, loans and consequences

Friend Loans

You’ve probably heard many of the cautions about lending money to people you know. As Benjamin Franklin put it, “Creditors have better memories than debtors.” In William Shakespeare’s “Hamlet,” Polonius advises his son Laertes, “Neither a borrower nor a lender be, for loan oft loses both itself and friend.”

 

You're probably losing $155K from 401(k) plan

A two-income American family with an average income that dutifully invests in a 401(k) plan using typical strategies will lose $155,000 – or about 30 percent of what they should have saved for retirement -- to Wall Street fees, according to a study by an economic justice advocacy organization.

 

Americans put saving energy ahead of vacations

Gas Prices

As summer beckons, it seems Americans are thinking more about the stifling cost of energy than about making tracks to the beach....

 

9 Easy Ways to Save Money This Summer

Summer is officially here! Staying busy and active, taking trips, and cranking the AC can really do some damage to your pocketbook. Here are 9 easy ways to save this summer season.

 

Why You Might Never Want to Pay Your Mortgage Off

Paying Off Mortgage

A couple of weeks ago, I responded to a couple of questions about paying off your mortgage early. This week, I got the opposite question. Given record low mortgage rates, does it even make sense to ever pay off your mortgage at all?

 

Divorce Lawyers - Frequently Not The Best Tax Advisors

You can get bad tax advice or no tax advice in just about any area of life, but from my reading of tax cases and some personal observations, I think that if you want to get really bad tax advice, you should get divorced.

 

The Money Issue: Coupon Clipping as the Key to Economic Rebirth

Coupon Clipping

When her husband lost his job and the bank began foreclosing on their house, Cathy Yoder turned her coupon habit into a growing business.

 

1 Simple Investment Tip For Mega Millions Jackpot Winners

I don’t know whether I will be among the winners of tonight’s Mega Millions lottery—the chances are extremely low, but I do have a simple investment advise for the winner (s): DON’T PAY SOMEONE TO LOSE YOU MONEY!

 

Finders Keepers?

What would you do if you found a $100 bill in an empty elevator that’s propelling you to the eleventh floor? Answer quickly, because the next elevator “ding” could be that person looking for that bill. Pocket it? Tell the secretary you found money and let her deal with it? Post a note on the elevator to have the person contact you about a lost item in the elevator, hoping that it wouldn’t be reclaimed so you could keep it?

 

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