Money News From Pueblo

BBB Provides Consumers Six Ways to Save Money this Holiday Season

20 Nov 2009 19:32:35 GMT

As the nation collectively tightens its belt this winter, many families are looking for ways to save money without sacrificing any of their holiday cheer. Better Business Bureau is providing advice on how consumers can cut down on spending and reduce household costs in their everyday lives without compromising the fun of the holiday season. Read more...

Your Online Shopping Check List

19 Nov 2009 19:45:48 GMT

Buying online this year? Here are seven tips to make the experience a happy one. This list includes: Know the seller, read the return policy, and use a credit card to name a few. Read more...

Considering a Layaway Purchase?

17 Nov 2009 18:28:33 GMT

Last year at this time, Sears and Kmart helped consumers rediscover the old- fashioned concept of the layaway purchase, in which shoppers make periodic payments to a special account to save up for big-ticket goods and take them home only after they’re paid for in full. With so many Americans still struggling financially and reeling under credit-card debt -- our recent holiday poll reveals that an estimated 13.5 million consumers are carrying debt leftover from last Christmas - layaway is likely to be an even more attractive alternative to pay for gifts this holiday season.

Five Questions to Ask Before Donating to a Charity

13 Nov 2009 18:57:54 GMT

Most charities rely heavily on the goodwill of individual donors during the holiday season to fund their activities throughout the coming year. Last year, charity contributions totaled $307.65 billion: 75 percent of this total came from individuals, according to the Giving USA Foundation. BBB Wise Giving Alliance advises donors to research a charity prior to giving and provides five questions to ask when vetting where to contribute this holiday season.

Make Money From Home with Google? Not so Fast, Warns BBB

9 Nov 2009 17:14:46 GMT

Better Business Bureau has received more than 1,500 complaints about several dozen Web sites that are trading on the Google name to scam people who want to learn about making money from home. Because the sites often use the Google name and prominently display its iconic logo, consumers often assume they are getting a job with Google when in fact they were getting taken in by yet another work-at-home scheme.

Expanded Recovery Act Tax Credits Help Homeowners Winterize Their Homes, Save Energy; Check Tax Credit Certification Before You Buy

6 Nov 2009 14:24:02 GMT

People can now weatherize their homes and be rewarded for their efforts. According to the IRS, homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their 2009 tax bill as well.

Cutting Home Heating Bills Down to Size

4 Nov 2009 13:21:51 GMT

Whether you use oil, natural gas, or electricity, there are many ways to ensure that you stay warm at home this winter without heating the great outdoors. A Federal Trade Commission consumer alert Weathering the High Cost of Heating Your Home tells you how to select energy- efficient home appliances, spot problems that waste fuel, shop for the best price on fuel, and avoid bogus energy- saving products and services.

Concerned About Uninsured Drivers? There Are Ways to Protect Yourself

30 Oct 2009 15:56:19 GMT

One driver out of every seven in the U.S. is believed to have no auto insurance and that has broad repercussions for the 86 percent of drivers who do. Most people don’t think about the uninsured or underinsured motorist coverage portion of their auto insurance policy until they are the victim of a hit and run accident, or are involved in a crash with a driver who either does not have auto insurance or has very minimal insurance. Uninsured motorist (UM) coverage will reimburse you, a member of your family, or a designated driver for bodily injuries caused by a hit-and-run driver or an uninsured motorist. Underinsured motorist (UIM) coverage comes into play when an at-fault driver has insufficient insurance to pay for your total loss. UIM coverage will also protect you if you are hit by a car as a pedestrian

2010 Fuel Economy Guide - Save Money While Reducing Greenhouse Gas Emissions

29 Oct 2009 15:43:05 GMT

The U.S. Environmental Protection Agency and the Department of Energy unveiled the 2010 Fuel Economy Guide, which gives consumers important information about estimated fuel costs and mileage standards for model year 2010 vehicles. Fuel-efficient models come in all types and sizes, so consumers can save thousands of dollars over a vehicle’s lifetime without sacrificing performance. Model year 2010 fuel economy leaders include a wide range of hybrid models, from compact cars to sport-utility vehicles.

Get the Right Protection for Your Home

29 Oct 2009 15:41:39 GMT

Homeowners insurance is one of those financial facts of life that just kind of happens to you. When you buy a home, the mortgage lender will insist on insurance coverage, so you get an agent's name, call and buy a policy. Odds are the premiums are even paid from the same lender-controlled escrow account that pays your property tax. Out of sight, out of mind. You don't give homeowners insurance much thought -- unless you try to file a claim and get into a squabble with the company. The danger here is that insuring your home year after year becomes so routine that you might fall prey to potentially costly errors. To make sure you have the right protection for your property, review the basic aspects of homeowners policies described in this article.

Five Buyer Mistakes in a Short Sale

28 Oct 2009 13:09:42 GMT

With hundreds of thousands of homes in foreclosure or on short sale lists, there's never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of expensive problems. Although they have to sell, you don't have to buy. Know what you're getting into before you buy a short sale or foreclosure property and be mindful of these five common mistakes listed in this article.

Trashing Old Credit Cards? Be Careful

27 Oct 2009 18:33:48 GMT

In a world of escalating identity theft, one man's trash is another man's excuse to help himself to a new line of credit. Making a few halfhearted snips with the scissors to your old credit cards just won't cut it anymore. Dumpster divers intent on looking for account numbers do not need much. Experts say even shredded cards can be pieced together by an earnest thief. Much of the identity theft that touched nearly 10 million Americans last year could have been prevented with a few simple measures taking less than a minute. Here are six tips for doing it right.

New consumer protection for credit cards, mortgages and more

26 Oct 2009 18:32:49 GMT

New Consumer Protections for Credit Cards and Mortgages: What the New Rules Mean for You

Credit Cards: New Law Protects Consumers from Surprise Fees, Rate Increases and Other Penalties

New Safeguards for Gift Cards

Mortgages: Attention, Shoppers! New Rules Will Help You Get a Fair Deal

Administration Expands Eligibility for Refinancing

For Help and Information on Credit Cards, Mortgages and Other Financial Services

Nine Key Estate-Planning Tools

23 Oct 2009 14:43:10 GMT

You're ready to tackle estate planning, but you're not sure what "equipment" you need. Here are nine essential estate-planning tools, along with details about what they do and why you need them.

Six Smart Credit Card Moves Now

21 Oct 2009 17:27:26 GMT

The first phase of the Credit Card Accountability Responsibility and Disclosure Act went into effect Aug. 20. Prior to that, opponents warned for months about the consequences of the law for U.S. cardholders. The restrictions on interest rate hikes and other rules would result in higher rates for all, lower limits and more fees, among other negative changes. Bankrate explains how you can weather the storm of changes as issuers work to offset loss rates and prepare for the bulk of provisions that go into effect in February.

Seven Signs You’re At-Risk for Identity Theft

16 Oct 2009 16:39:50 GMT

Street smarts alone may not protect you from every identity theft trap; this stuff can happen to anybody! What follows are seven signs that you may be at-risk. These include: Carrying your social security number in your wallet, using an easy-to-remember password or the same username and password for multiple Websites, and paying credit cards automatically and rarely review my monthly statements.

Seven Tips for Saving on Apartment Living

9 Oct 2009 18:10:24 GMT

Utilize these inside tips to have a pleasurable rental experience and spare huge headaches. Some tips include: Make a spreadsheet to compare community amenities, know the specials going on, and make a date with your apartment manager.

Are There Any Disasters My Property Insurance Won't Cover?

1 Oct 2009 18:16:27 GMT

Yes. Floods, earthquakes and acts of terrorism are generally not covered. Learn how you can protect your property from these disasters.

First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date

29 Sep 2009 20:48:08 GMT

With the deadline quickly approaching, the IRS reminds potential homebuyers they must complete their first-time home purchases before Dec. 1 to qualify for the special first-time homebuyer credit.

Plan B: 11 'Fallback' Careers

24 Sep 2009 17:12:56 GMT

Millions of Americans are jobless, and millions more fear they may soon join the ranks of the unemployed as well. Even workers who already have jobs may consider getting evening or weekend training and certification to prepare themselves for these "fallback careers" or "survival jobs".These certificate programs at trade schools and community colleges may not always lead to the most lucrative careers, but they do offer alternatives and job options for those who have little time for retraining. Here are 11 in-demand jobs that require no more than a year of training.

If You’re Off to College, Learn to Keep Your Credit Card in Your Wallet: Tips for Managing Your Money

16 Sep 2009 19:20:36 GMT

In the midst of the worst economic times in years, many of today’s college students are turning to credit cards to finance their college education, using them for everything from everyday necessities to books and tuition. But now more than ever students need to resist the temptation to use their credit cards to make up for the lack of cash in their wallets.

Behind on Car Payments? BBB Advice on How to Avoid the Repo Man

15 Sep 2009 17:30:55 GMT

As the economic slump continues, many people are struggling to make ends meet, and unfortunately, vehicle repossessions are now on the rise. Having a car repossessed hinders more than just a car owner’s mobility; it has a severe impact on credit scores, thereby limiting the ability to get loans or credit cards for up to seven years. Better Business Bureau advises troubled car owners on how to avoid losing their vehicle and their creditworthiness.

Educate Yourself Before Buying Extended Warranty

26 Aug 2009 18:36:17 GMT

Manufacturers and retailers often suggest that paying extra for an extended warranty is buying peace of mind. But many consumer experts and shoppers say that's certainly not always the case. Read on for four things to remember about extended warranties and service contracts.

Five Facts about the Home Office Deduction

20 Aug 2009 21:22:43 GMT

With technology making it easier than ever for people to operate a business out of their house, many taxpayers may be able to take a home office deduction when filing their 2009 federal tax return next year.

Five Tips for Dealing with a Home Equity Line Freeze or Reduction

19 Aug 2009 14:41:48 GMT

Homeowners in all regions of the United States are seeing their home equity lines of credit (HELOCs) frozen or reduced and wondering what they can do about it. The Federal Reserve's latest "5 Tips" guide explains consumers' rights and lenders' responsibilities when credit lines are reduced and provides information for those seeking to have a credit line reinstated.

Understanding Your Brokerage Account Statements

14 Aug 2009 18:25:15 GMT

Ever wonder why you get so much mail regarding your investments? Need help deciphering it all? This brochure lays out the basics of brokerage account statements and explains them in easy-to- understand language

Social Security: Little-Known Strategies Could Boost Your Bottom Line

13 Aug 2009 17:20:38 GMT

With the economy in a tailspin and people having to work longer to make ends meet, it’s more important than ever to think through just how and when you claim Social Security benefits. You may be able to boost the amount you receive each month by employing two little-known strategies, described here. The claim and suspend and claim now, claim more later have been around since the Senior Citizens Freedom to Work Act of 2000 and were passed to encourage people to continue working beyond their retirement age.

Investor Alerts & Tips on Avoiding Ponzi Schemes

7 Aug 2009 16:55:09 GMT

The Ponzi scheme is a house-of-cards swindle in which high returns are paid to initial investors out of the funds of later investors, who end up losing all or most of their money to the promoter. Fueled by the often bewildering variety of new investment opportunities, the renaissance of the Ponzi scheme has ranged from well-known national cases to local cases. Learn more about the origins of the Ponzi Scheme, behind the return of the Ponzi Scheme, and avoiding Ponzi Schemes.

Ten Tips to Trim Car Costs

7 Aug 2009 16:18:47 GMT

With gas prices zooming up and down like a roller coaster and financial cutbacks continuing, many drivers are looking for ways to save.

Top Seven Tips for Taxpayers Starting a New Business

30 Jul 2009 14:11:09 GMT

Anyone starting a new business this summer should be aware of their federal tax responsibilities.

Tax Benefits for Job Seekers

20 Jul 2009 19:26:48 GMT

Many taxpayers spend time during the summer months polishing their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax return.

Tune-up Your Finances

17 Jul 2009 17:46:12 GMT

Whether, financial markets are up or down, one thing is certain -- they're never sitting still. Investors who fail to keep their portfolio maintained risk getting stuck with a rusty bucket of stock, bonds and cash that won't perform the way you want it to. The solution: proper, regular tune ups.

When Is Your Check Not a Check?

7 Jul 2009 19:03:55 GMT

Suppose you’re at a store making a purchase and decide to pay by check—at least, that’s what you believe you’re doing. The clerk asks you for a check that is completely filled out, partially filled out, or even blank. The clerk then runs the check through a machine and hands the voided check back to you with your receipt.

U.S. Education Department Announces Relief for Federal Student Loan Borrowers

8 Jul 2009 16:35:30 GMT

Starting July 1, a new repayment option is available that makes monthly payments more affordable for Americans with heavy federal student loan burdens. The new Income-Based Repayment (IBR) plan protects borrowers by linking payments to income and family size.

BBB Warns Against Three Common Check Scams

2 Jul 2009 18:34:12 GMT

Experts estimate that billions of dollars have been lost as the result of fake check scams. Scams involving fake checks come in many different forms and can be very hard to identify as the printing technology used by scammers improves.

Building Blocks for Successful Investing

29 Jun 2009 17:52:15 GMT

Investing sounds intimidating, but a little knowledge can go a long way. If you're building a portfolio for the first time, set up a strong foundation with some common types of investments.

What to do When You Can't Pay a Student Loan

24 Jun 2009 20:03:07 GMT

The jobless economy is taking a toll on a growing number of college grads who are behind on their student loans. Nearly 7 percent of student loans for fiscal year 2007 are expected to default, involving more than 231,000 borrowers, according to the U.S. Department of Education.

10 Ways to Rate Your Financial Adviser

11 Jun 2009 19:50:35 GMT

Earlier this year, the stock market fell to a 12-year low, losing 54 percent of its peak value and taking a vast chunk of ordinary Americans' wealth with it. In the wake of such big losses, many investors are looking for someone to hold accountable. That has placed financial advisers under the microscope.

Don’t Let Summer Fuel Costs Strain Your Budget

Thu, 11 Jun 2009 19:50:56 GMT

With summer on the way, hotter days and vacation road trips are coming up fast. Because the costs of cooling your home and filling up your car can add up, the Federal Trade Commission is offering tips to save you money.

Good Credit Score Not Good Enough Anymore

11 Jun 2009 19:51:28 GMT

With historically low rates, many homeowners are watching closely for the right time to refinance their mortgages. Those with good credit may well recall being showered with praise by a mortgage broker during the initial purchase for that solid credit score.That was then. This is now.