Smart Money Page 13

  • How to Turn Military Training into College Credit

    How to Turn Military Training into College Credit

    Having a college degree can make or break your future paycheck – so working toward a degree early is a smart move. Thanks to the American Council on Education (ACE) and its military programs, military personnel can actually receive college credit for their training outside the normal college setting. It all began with the founding of ACE in 1942. The organization's primary goal was recognizing the educationa…

  • Military Pay Raises Set to Shrink Under Proposed Budget

    Military Pay Raises Set to Shrink Under Proposed Budget

    Pentagon officials have submitted a plan that would significantly decrease military pay raises beginning in 2015. Currently, raises are determined according to the Employment Cost Index, a Department of Labor statistic that measures the growth of private sector wages. Instead of using the ECI, officials are proposing a flat 0.5 percent raise in pay, followed by a 1 percent increase in 2016 and a 1.5 percent incre…

  • 6 Simple and Sometimes Sneaky Money Drains to Avoid

    6 Simple and Sometimes Sneaky Money Drains to Avoid

    Everyone is looking for ways to save, but finding relatively painless ways to trim spending can be difficult. One way is to step back and look for common and sometimes hidden fees, charges and expenses that zap your budget without raising red flags. Here’s a look at six common money drains that can deplete your bank account without much fanfare: Buying New If you’re looking for a vehicle on a budget,…

  • 6 Fees That Might Be Hiding in Your Bank Statement

    6 Fees That Might Be Hiding in Your Bank Statement

    You never know what fees and charges are lurking in your bank statement. Bank of America, Wells Fargo and JPMorgan Chase dumped charging debit card fees in 2012, so it seems customers won some sort of battle. Still, everybody—especially young military families trying to save money—needs to closely examine every bank statement for fees. Here are six things to look for: Minimum balances These might …

  • 7 Things to Consider Before Signing Up for a New Credit Card

    7 Things to Consider Before Signing Up for a New Credit Card

    Credit may make the world go round, but it has become a complicated system where individuals juggle large balances across a number of sources. If you’re looking to open your first credit card account or just shopping around for a new one, look for these key terms before you sign on the dotted line: Introductory Offers Introductory offers are often associated with store credit cards. You may wonder wh…

  • 5 Ways Banks Recoup Abandoned Debit Card Fees

    5 Ways Banks Recoup Abandoned Debit Card Fees

    The stories fell from the headlines, but customers won't forget when big banks tried to impose debit card fees. Last fall, JPMorgan Chase, Bank of America and Wells Fargo announced plans to charge customers a few for having a debit card. Well, the banks ditched those fees after customers publicized their disdain. Banks planned to use the fee to make up for about $12 billion in revenue after the Credit Card …

  • Save on Car Insurance During Deployment

    Save on Car Insurance During Deployment

    Service members are faced with a number of complications during deployment. Although there are a number of emotional stressors to deal with before shipping out, there are also some financial ends you’ll want to tie up to ensure you’re being responsible with your money while you’re away. One of the most common ways service members mismanage their money during a deployment is paying for services they canno…

  • Shopping for 3 Major Investments

    Shopping for 3 Major Investments

    Some purchase decisions take little to no time, such as choosing a candy bar at the checkout lane. Major investments get consumers thinking and researching. But a large chunk of military consumers seem to be making big investments without exploring their options, according to a 2010 survey by the FINRA Investor Education Foundation. The survey found that: Only 24 percent of military respondents shopped…

  • Financial New Year’s Resolution Tips and Tricks

    Financial New Year’s Resolution Tips and Tricks

    The key to achieving resolutions is keeping them simple. There’s no doubt the same principle applies to financial goals set by military members, spouses and families. Overall, your New Year’s resolutions should focus on developing good financial habits. These tips and goals should get you on the right path. The fewer goals, the better Don’t burden yourself with a list of 10 or more goals. You’ll feel…

  • 5 Must-Have Financial Apps for Your Smartphone

    5 Must-Have Financial Apps for Your Smartphone

    Traditional forms of tracking your personal finances are becoming so removed from a modern lifestyle that you may feel like you’re doomed to overspend and stray from your budget. Thankfully, apps are released every day to help you be smart with your money. Financial security comes from a solid sense of where you stand and where you’re going with your funds and these apps can help you save, invest and budge…