Archive for February 2016

America Saves Week

February 22 – 27, 2016 is America Saves Week, coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Typically thousands of organizations participate in the Week, reaching…

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Calculating Credit Card Interest and Payments

During the 1970s a minimum credit card payment of 5% was common.  Then Andrew Kahr, an industry consultant, became a sort of hero by convincing his clients – the credit card companies – to reduce it to 2%.  He also championed the zero percent introductory rate that we see heavily advertised even today. The challenge for this week?…

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