Certificates of deposit interest rate fluctuate not only because the difference in the length of the certificate, but also because it varies from bank to bank and from time to time. There is a wise decision not to buy certificates deposits on the bank you first visit. You may better compare to others banks that will give more advantages in terms of CD interest rates. (more…)

The fundamental objective of insurance is to provide a means to offset the burden of financial loss. Think of insurance as an alternative method of dealing with risk. You are paying an insurance premium (small cost) to avoid paying the total cost for a catastrophic loss (such as your house burning down).

A sound insurance program should answer the “what ifs” in your life. For example: (more…)

Today most banks and commercial services companies offer their customers banking insurances. This insurances are associated with credit cards, debit cards and checks. However, the National Consumer Service clarify that these policies serve as a complement and not to replace the responsibilities of financial institutions to make proper arrangement for the safety of their clients’ funds/money. (more…)

When someone asked the famous English mountaineer George Leigh Mallory why he was going to try to climb Everest, he responded: “Because it is there.” Well, if you’re like most of my clients, you could probably respond the same when asked why you buy something. Do you really need it? Or are you buying it because “it’s there”? If you’re going to survive and thrive in the new economic age, you’re going to have to stop this “Everest” buying. From now on, simply wanting something isn’t sufficient reason to buy it; you must need it as well. (more…)