Latest Buzz

ONLINE BANKS

Forum: Banking
wood
I'm so frustrated with my bank. I signed up for "Simple". Does anyone have any feedback? Is it really better? What if I lose my card and have to wait for the replacement. With my bank, I can go into any branch and they'll issue a temp card until the replacement arrives. That's really the only thing that concerns me. Thanks.Read More...
I think keeping my old bank as back up is what I'm hearing. I can do that. Lord knows I need all the help I can get with budgeting so I am excited to see what Simple can do for me.Read More...
I've been using Simple for 3 years now and I love it. It's budgeting tool that is built-in is what convinced to me to give a try back when I signed up for it and I haven't looked back since. The only thing you can't do with Simple is request loans or go to a physical branch. So the example you used with losing your debit card would be a downfall but through the app you will be able to stop your card from being used and request a new card and Simple is really good with shipping out one to you...Read More...
Last Reply By wood · First Unread Post

Pay off mortgage with IRA or refinance

Forum: Retirement
Mortgage is in my name only. If/when I die, my housemate will be up a creek! I could pay off my mortgage using all the money in my IRA. Worth it for my peace of mind? --70+-year-oldRead More...
YOUR peace of mind is only something that you know. However.... If you intend for your housemate to inherit your house, then you need to add them to the title/deed. Call your county and inquire as to what is needed to add someone to your title/deed. You do not need to add them to your mortgage unless they intend to assume your mortgage when you pass. You should call your mortgage company and inquire as to what documents are needed to add someone to your mortgage or what would be needed in...Read More...
Last Reply By Shannon H · First Unread Post

Best bank to use?

Forum: Banking
Karla Dial
I've been a customer at US Bank for more than a decade, but have recently realized this is actually counterproductive to my savings goals. In addition to its crappy interest rate on savings, US Bank REFUSES to work with any automated savings, budgeting, or investing apps I try (such as SaverLife, Every Dollar, Mint, and Fundrise). I need recommendations for better banks with great service that will work with apps and still be somewhat available nationally. Which ones do you recommend?Read More...
I just signed up with Discover bank. You earn 1% cashback on everything when you use your debit card I plan on putting those reward into my savings account. I was using USAA, but they have been doing some shady things. They didn't even approve me for a loan. Their mission is to take care of the military, retirees, and veterans...well I don't see that. I also have Navy federal credit union. They are awesome with notification of fraudulent activity. They act so fast that the transactions don't...Read More...
Just signed on with Ally -- so far, so great and I'm thrilled to be rid of Bank of America!Read More...
Last Reply By yrenee · First Unread Post

High-interest savings accounts

Forum: Banking
Alexis Grant
Savings accounts interest rates seem to be improving! We moved money to this account this weekend because of its 2.4% yield: https://www.mysavingsdirect.com/ (I have no affiliation with that bank, it's just the best rate we found.) Anybody else using a high-interest savings account we could all benefit from knowing about?Read More...
Have any of you heard good things about Chime Banking? @AverageJoe @Moore IncomeRead More...
BJLEE, I have never heard of anyone being charged a fee unless they sign up for an account that requires a certain amount to avoid such fees.Read More...
Last Reply By BJLEE · First Unread Post

Working while on SSDI

Forum: Make Money
Penny Hoarder finally ran an article on this subject! The link is: https://www.thepennyhoarder.com/make-money/side-gigs/can-you-work-while-on-disability/?aff_sub2=homepage I plan on contacting the Ticket to Work program and the support network.Read More...
The Pennyhoarder has some good ideas here: https://www.thepennyhoarder.co.../?aff_sub2=community . I've personally used Amazon's Mechanical Turk and I like it, but it does take time to build up a balance with them.Read More...
I'm in the same boat. I've recently started doing surveys and such online. All I've managed to gain so far was enough Amazon gift cards to get a couple of months worth of laundry detergent and supplies, paper products, etc. It was about $70 worth and helped so much. I'm still learning if it is lucrative and will be following your post. There are alot of us out there. Great question for discussion!Read More...
Last Reply By lismox · First Unread Post

Newest member

Scotirish
This is awkward. I'm not sure how to start a new post or new topic. So I'll go back to here and start from scratch. Does anyone here have experience or knowledge about how to LEARN and study for a Series 6 license. I don't have a lot of questions about it because I don't know anything about it.Read More...
Check this out @ScotirishRead More...
@KellyFromKeene A definition from Investopedia's website: The Series 6 is a securities license entitling the holder to register as a company's representative and sell mutual funds, variable annuities and insurance.Read More...
Last Reply By Theodora · First Unread Post

Strange credit card tip

Forum: Save Money
Hey, So I was listening to the radio one time when they started talking about a strange credit card tip. Put a condom on it--seriously. The reasoning behind this is that you'll be embarrassed to pull out your credit card due to the rubber and will think very carefully before using it. Hmm, that was unfortunate phrasing... Thought I'd just throw that out there. What's the strangest credit card advice you've ever received?Read More...
Tha is really funny and I am guessing it would make you think more than once about taking it out to use.Read More...
Freeze it in a block of ice. I didn't have a microwave then, so I had to thaw it with hot water and that took time.Read More...
Last Reply By kittykat1960 · First Unread Post

Travel

Anthony Thomas
For those interested in traveling you should try Next Vacay! They provide a service of finding the most inexpensive flights to some of the worlds most desirable places. Be prepared though to sign up for an annual membership. The cost for it is $25 per year. Recently someone found a flight from Charlotte to Spain for $300 round trip. Great deals!Read More...
I have never heard of this but I am definitely gong to check it out. Thank you for the info.Read More...
I have been signed up for Next Vacay for a while now. They do provide great deals, unfortunately, most of the time it is not from Fargo, ND where I live but from Minneapolis (about 4 hours away). I have not yet found a deal I have taken advantage of but they do send them pretty frequently.Read More...
Last Reply By kittykat1960 · First Unread Post

Credit Card Limits

Sherian
I recently acquired a Chase Freedom credit card with a 1500 limit. When I logged on to make a payment which I do every week; I noticed the bank upped my spending limit to 2500. Is this normal? Can the banks increase or decrease the limit without notifying the card holder?Read More...
@redcarcec - those 'Congratulations' are truly designed to get you to spend more money.............Read More...
Hi Sherian, Yes, banks can do that-raise or lower-your credit card limit, but as previously stated, they usually send you notice of it to document the event. If they call to let you know, most people screen their calls and won't answer figuring it is anothe rcredit card account scammer. Congratulations, in a way, it could be a gimick to get you to spend more and only you can decide if you want that option. Best to you.Read More...
Last Reply By Shannon H · First Unread Post

Grocery receipts

Almeater Kennedy
Is anyone familiar with saving grocery receipts to earn points for gift cards ?Read More...
Ibotta has many any items on their app now as to allow you to get the brand you like. The amounts for any item are not as large as the ones for specific name brand items but all extra money is good in my book. Each receipts goes thru the following: First - Ibotta Second - Coin out Third - Fetch Fourth - Swagbucks and last: if I got specific item for SavingStar or Checkout 51 then I will add to that app....Read More...
I think I'll try out this Coin Out. I don't like Ibotta; it's too brand-specific as mentioned above.Read More...
Last Reply By Shannon H · First Unread Post
I am David Mwanke Baker living in Africa DR Congo. The only link I have with the rest of the world is but my internet connection. How can I take profit of this magic to make money online and improve my life?Read More...
You did find this web site which has some good ideas like this one. https://www.thepennyhoarder.co...p;utm_medium=display Perhaps research about Google Adsense. You basically create a web site with content and have ad banners from example Amazon. If someone clicks on the ad and buy something you get paid. Another way perhaps is find things for sell on Amazon for example and advertise yourself for a marked up price. If they buy you buy from where you found it and have it shipped to there...Read More...
Last Reply By Brian Johnson · First Unread Post

Credit Collections

JessiB
I'm new here but I have a question that maybe someone could possibly help me with. Several years ago I had an unfortunate accident on my job that ended my career due to the injury I was unable to return due to debilitating circumstances. At the time of my loss of employment I was unable to make the loan payments on my vehicle and surrendered it to the credit union that the loan was with. After which the credit union sold the vehicle at auction for less than I owed. It wasnt until 2 years...Read More...
Not sure about this answer, but I do know that often times debts that were forgiven or written off are often "sold" to third party collectors and usually it's several years after the fact. It may be those collectors who are contacting you. If it were me, I would contact the credit union directly and ask to speak to the loan or collections department and ask them the status of the loan. If it shows that way on your credit report, there's a good chance it was taken care of and the third party...Read More...
I wish I had an answer for you but I do not know! I'm hoping that someone else has some experience with this...?Read More...
Last Reply By tg · First Unread Post

Save Money, Mystery Shop!

Forum: Save Money
Valerie Magorrian
I wrote a brief of my mystery shopping experience a few weeks ago and go such an overwhelming response that I thought I would write another to elaborate a little more and just in case anyone missed the first one. There are a lot of scams out there so my suggestion is to thoroughly search the company, by their name and also read the reviews on them. Look for their FB pages. When you go to their page, check out the reviews. If they are a good company, they will. have MANY reviews with most...Read More...
@Valerie Magorrian , Thank you so much for sharing this and your experience! I'm going to check this out. A side thought, do any of the mystery shopper programs have apps?Read More...
I have started doing mystery shopping recently and am really enjoying it. Thanks for sharing your experience.Read More...
Last Reply By Prince_Alarming · First Unread Post

How effective is Credit Shield 360?

Forum: Credit
Brodie Leap
My wife has been working very hard at boosting her credit and pays everything on time, uses her credit cards responsibly, and usually only for revenue producing items for her business. Irresponsibility of an ex-husband still lingers on a credit report like an anchor and it seems like her score will not budge. Question: How effective is credit shield for $9.48 a month? Should we just suck it up and go with one of the $79+ per month companies? Thanks in advance!Read More...
We actually wrote a story about a woman who had a lot of success with Credit Shield 360: https://www.thepennyhoarder.co...llection-shield-360/ But I'm also curious to see if any of our members have had their own experiences!Read More...
Last Reply By Briana · First Unread Post

Is there a particular budgeting booklet

Forum: Budgeting
I was looking for a guide or instruction sheetRead More...
Yes, I don't know of a one size fits all way to budget. As people have stated, try a google search, and if you are looking for particular features, include that in the search. if you don't know what you want, just start scrolling through them. I have a basic one that i use; if you are interested let me know and I'll send it to you.Read More...
Just google templets in excel I am assuming thanksRead More...
Last Reply By KellyFromKeene · First Unread Post

Supporting community growth!

Briana
In order to continue to support our wonderful community and its growth, we wanted to give a heads up that we are now testing an ad-supported model. The reason we're testing this is to be able to invest more in the community by adding more features and providing even more ways for you all to connect with one another. Your experiences are a top priority and will continue to be. As we continue to enhance the community, we will keep the lines of communication open. We appreciate your loyalty and...Read More...
OK! Thanks for the heads up. I honestly likely would not have noticed, since ads are everywhere...Read More...
Last Reply By KellyFromKeene · First Unread Post

Paying off all your debt and not having any open accounts

Forum: Credit
MoneyMartin
I recently just paid off all my debt and have no credit card accounts open. Does this mean my credit score will start anew or start where I left off once I open a new account/get a loan/etc.? Credit score sites currently say N/A regarding my current score with no elaboration which is ambiguous in my opinion. If someone could share their personal experience or their expertise it would be greatly appreciated. Thank you in advance!Read More...
@MoneyMartin , Congrats on being debt free! That is really weird that the credit bureaus report you as N/A. As I understand debts on credit reports, I was told that they can stay on your report for up to 7 years from when they were first reported. Not having any line of credit or a thin credit file isn't a good thing. Lenders will reject you for credit, mortgage loan, a reg loan, etc. As @AnnieB suggested a secured credit card is a good choice. I recommend you research the secured credit...Read More...
I too am debt free. My score now is around 810. We paid off our house a couple years ago. I do use a credit card occasionally for rental cars or plane flights. But I pay everything off every month. If you never use credit again, your score will eventually go to Zero. Dave Ramsey says that's a worthwhile goal. I'm not so sure about that. I'll stay where I'm at.Read More...
Last Reply By Prince_Alarming · First Unread Post

Guide to on-line debt consolidation

Forum: Debt
AHMED.HAMDY
Online debt consolidation programs facilitate people to analysis, apply and participate in debt reduction programs. the buyer will manage the finance of debts at the clicking of a mouse. With the matter of excessive debt growing on these days, on-line debt consolidation programs have become straightforward and helpful. An online debt consolidation program can allow a consumer to get a loan that will combine, or cover, all of the balances of their unsecured debt. This online debt...Read More...
Debt consolidation to me really ain't worth it. For one there's interest plus the debt amount. Why pay interest if your debt isn't charging you interest? Two, debt in collections usually the collection agency will offer you a one time pay off option at a reduced price. Lastly, paying off debt yourself instead of debt consolidation is more rewarding in the fact that you did it and it was less than debt consolidation. And as it is, even if the debt is paid off, it still stays on your credit...Read More...
Are there and debt consolidation companies you would recommend?Read More...
Last Reply By Prince_Alarming · First Unread Post

Debt Reduction Plans?

Forum: Debt
Melissa Campanelli
Anyone have any good or bad experiences here? What are the best ways to go here? Combining debt into a no-interest credit card? Any other thoughts? ThanksRead More...
That's a blessing to get a no interest credit(?) card. I'm on the mend from a fabulous disaster myself. My score is poor and rising. Almost out of poor rating. Some food for thought(for those of us whom are trying to get the heck out of debt). If you have debt I prefer the snowball method of paying debt(paying off the lowest amount(debt) of and work up to the larger amounts. For the benefit of those who don't know). Then there's the other payment method. Can't remember what it's name is but,...Read More...
@Ken I share your same sentiment for debt 😡Read More...
Last Reply By Prince_Alarming · First Unread Post

Credit score stuck

Forum: Credit
Kathryn Stempel
I have been working on my credit score for years but I seem to have peaked at around 740. I know it's a decent score but I would really like to try for excellent! I don't carry more than 30% on my credit cards. I just purchased a home 2 years ago and have made no late payments on anything in years. How can I get my score to go up?Read More...
I don't know your entire situation(like how may cards you have, mortgage, loans, etc.). The suggestions I have are, either get added to one of your husband's cards that has a couple years of being open or apply for another card. The second suggestion is, consider a credit builder loan. A credit builder loan works like this, you agree to pay a certain amount for x amount of months. At the end of the agreement you get the money that you paid into it.(example: you agree to pay $48 a month for...Read More...
Getting added to a card with an already established history would improve your score. Average age could increase and it adds another history of good payments. However, not all companies report authorized users to the bureaus. Opening a new card wouldnt do that and would just decrease your score for awhile.Read More...
Last Reply By Prince_Alarming · First Unread Post

Credit Score Question

Forum: Credit
Tiffany Diamond Lebowitz
Does it make a difference in your credit score if you pay off credit card debt on one that is charging interest vs. one that is currently not? I am going through a divorce and have the means to pay off debt but the one with interest is in my name, that my ex will be responsible for...which one should I be paying??? And does the amount in which you pay off cc debt per month make a difference in your score?Read More...
Pay the one with interest off first. The reason I say that is the company that's charging interest, that company will nickle and dime you to death with interest and two, the company is making more money by the interest they charge, in essence you wind up paying more than you originally paid.Read More...
Re: Credit Score QuestionRead More...
Last Reply By Prince_Alarming · First Unread Post

8/19/19 article about Life Insurance

Forum: Insurance
Ronald J. Genzer
Your statement that Term Life premiums aren't very expensive is a little too simplistic. At younger ages term life premiums are relatively inexpensive compared to whole life premiums but not at older ages. I had a $50k annually renewable term life policy and the premiums got to be over $500 per month before I dropped it.Read More...
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