After the holiday celebrations, many people end up with more debt than they would like. January is a good time to think about ways to manage debt and make resolutions to achieve financial stability.
Understanding the ins and outs of credit is easier said than done, but following some basic steps can get you on the path to success. Use this list of credit dos and don'ts to help you get started.
• DO know the power of credit. Creditors look at your credit history as an indication of your future financial behavior. By using credit wisely, you can build a good credit history -- making it easier to get loans with low interest rates, rent an apartment, purchase a car or home, and may even help you get a job.
Commonly Asked Questions!
Should I get a savings account or a checking account?
With another school year just around the corner, students are preparing to head back to classes—and some may be leaving home for the first time. While everyone can benefit from learning about money management and taking a more hands-on approach with their finances, young adults—including those just starting college—have plenty to gain by learning to be smart about money, and a lot to lose by making uninformed decisions. Here are a few tips to help you get started:
10 Money-Saving Tips for Back-to-School Shopping
To your kids, shopping for new clothes, gear and school supplies may be the only good thing about going back to school, but that doesn't mean you have to spend a fortune every year. Start your back-to-school shopping with a game plan to save money and make your life easier. Here are 10 tips to help you get started.
With another spring cleaning season mostly behind us, maybe you cleaned out a few closets or even made some extra cash through a garage sale. But did you take the opportunity to clean out your financial records? Before your paper shredder goes to work, check this list from Iowa Jump$tart on how long to keep financial records. Then consider opting for electronic statements to reduce your paper load.Keep these records until you've reconciled your statement:
Keep these records for the calendar year:
Keep these records for seven years:
Keep these records forever:
For more information on Iowa Jump$tart and to access other financial education resources, visit iowajumpstart.org.
ATM Safety Tips
Automated teller machines, or ATMs, have made banking more convenient than ever before. With the touch of a few buttons, you can withdraw cash, make deposits and transfer funds virtually anywhere an ATM is located. But with that convenience comes a need for some extra safety precautions. Follow these tips to help keep yourself and your money safe.
There aren’t too many things worse than the panicked feeling of a missing wallet or purse —especially when you’re not sure if it’s just misplaced or if it could be in the hands of a criminal. Follow these tips to help minimize the damage of a lost or stolen wallet and to give you peace of mind.
Being proactive and taking precautionary steps to protect yourself from the damage of a lost or stolen wallet may seem like it will take a lot of time and effort—but it’s nothing compared to the many hours you would spend trying to recover a stolen identity. Learn more ways to avoid identity theft online at www.ftc.gov/idtheft.
These tips are provided by the Iowa Bankers Association (IBA), representing banks and thrifts in the state. The IBA serves it members by providing legislative advocacy, training, regulatory compliance and other services designed to enhance the ability of banks to serve their communities. Learn more at www.iowabankers.com.
Memorial Day weekend offers a time for families and friends to gather together to enjoy each other’s company and to honor those who are serving and have served our country. Whether you’re traveling this weekend or hosting a cookout in your own backyard, here are some ways to save this Memorial Day weekend.
10 Money-Saving Tips for Spring
Spring has officially arrived! To celebrate the warmer weather and add some money to your pocketbook, here are a few tips to help you save some cash this spring: