Monthly Archives: June 2012

6 Types of people who probably shouldn’t use credit cards

Some people just shouldn’t have credit cards. Period.  Don’t get me wrong, credit cards can be a great tool for personal finances.  They can be used to build credit, earn rewards, make safe and secure transactions, and even consolidate spending and budgeting.  But there’s a number of personality types that, for one reason or another,read more

What to do if your net worth plunges by 40%

The following headline (and a number of variants) went viral this week: The American Dream Shrinks: Avg. Net Worth Falls 40% From 2007-2010 When the federal reserve released their report on the effects of the recessions on consumers, the conclusion included what looks like a grim statistic: Median net worth dropped 38%. The mean (average)read more