Smart Money Page 12

  • How to Increase Fuel Efficiency and Save Money

    How to Increase Fuel Efficiency and Save Money

    With the national average for a gallon of gas at about $3.80, fuel efficiency is an increasingly important part of everyone’s driving habits. If you’re among the majority of Americans who haven’t switched over to a hybrid or electric vehicle, you can still increase your fuel efficiency by following some maintenance and driving style tips. Get your car into tip-top shape and start changing your driving ha…

  • Keeping Personal Information Safe After a Hack

    Keeping Personal Information Safe After a Hack

    A hack of the Global Payments network recently has once again thrust consumer security into the limelight. In the digital age, there are a lot of questions about how safe our personal information really is when we make transactions using personal information on several every day. With the hacking of personal information on popular services like Sony Live and Zappos.com, consumer information safety is a top com…

  • How Medical Bills Injure Your Credit Score

    How Medical Bills Injure Your Credit Score

    We’ve all had frustrating moments checking our credit scores. Sometimes it seems rocket science would be easier to understand than the formula credit bureaus use to calculate your score. Even though it may seem unchangeable and confusing, having a better understanding of what goes into your credit score can help you repair your score the smart way and avoid credit problems in the first place. Paying off …

  • A Quick Rundown on Tax Extensions

    A Quick Rundown on Tax Extensions

    Tax day is almost here, but if you are a service member or spouse of a service member, you may qualify for some extra time to file and pay your taxes. As a final wrap-up to Smart Military Money's Tax Tips & Tricks series, here is a brief overview of tax extensions and how they can help military members and their families. Applying for a Tax Extension If you’re in the U.S. and need additional time t…

  • 5 Causes of Credit Rate Increases

    5 Causes of Credit Rate Increases

    At a time when credit scores mean so much, especially to prospective homebuyers, a credit card interest rate that climbs is one of the last things military cardholders need. Before you agree to a credit card contract, dig through it and make sure you’re clear on the reasons why your interest rate could spike. Your credit card issuer cannot arbitrarily raise your interest rate. The potential reasons must b…

  • How to Improve your Credit Score without a Credit Card

    How to Improve your Credit Score without a Credit Card

    Although having a credit card is good for military families in emergencies, not all service members and spouses have or want one. Even those who carry plastic try not to use it for fear of losing control of their finances. Responsible credit card use can help consumers develop and strengthen their credit score. But that's not the only route. Military members and spouses can do several things other than swip…

  • Using a Credit Card Responsibly

    Using a Credit Card Responsibly

    Military members are more likely to have a credit card than civilians. They’re also less likely to pay their balance in full. Those findings come from a 2010 survey conducted by the FINRA Investor Education Foundation. They also suggest that some military members may be struggling to stay afloat financially. Carrying credit card balances can harm your credit score and make it difficult to secure car lo…

  • Stop Loss Compensation Program Extended for Eligible Service Members

    Stop Loss Compensation Program Extended for Eligible Service Members

    Service members who were involuntarily extended through “stop loss” now have another chance to apply for compensation. The Department of Defense has extended the deadline for the Retroactive Stop Loss Special Pay Program to Oct 21, 2012. Service members, veterans and beneficiaries of service members who endured stop loss are eligible for $500 a month for each month they were not allowed to separate. The av…

  • 2 Great Options to Save for Your Child's Education

    2 Great Options to Save for Your Child’s Education

    When you look at your kid, sometimes it’s hard to imagine that they’ll grow up and consider going to college. The good news is that most military families start saving for college early. According to a FINRA Investor Education Foundation survey, 52 percent of military respondents with financially dependent children have started saving for college. Here’s a quick look at two of the popular save-for-college op…

  • 4 Things to Know for Stock Market Beginners

    4 Things to Know for Stock Market Beginners

    The stock market can be an enticing, yet intimidating way to invest money. Playing the market often rewards preparation and patience. Some stock options may be better than others in suiting the military lifestyle, so be sure to explore. Here are a few starting places: Are Stocks the Right Investment? Stocks aren’t the only way to invest money and may be too risky for small savings. If your expenses excee…