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Studies show that over 75% of college students have a credit card, and they can be a great asset for a student. Credit cards are convenient, can help build a good credit history and can help young people learn money management skills.

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Articles in Personal Finance

What I Think of Dave Ramsey
May 23, 2008 – 6:45 am | 121 Comments
What I Think of Dave Ramsey

I get asked about Dave Ramsey a lot. Several people come into the credit union spouting the words of Dave Ramsey and then ask if we know who he is. Well, any banker worth their …

Do You Work to Live, Or Live to Work?
May 21, 2008 – 6:33 am | 7 Comments

I have a friend from Germany that has moved to the states to work. He’s always wanted to live here, but now that he’s here he’s wondering whether or not he made the right choice. …

5 Financial Myths Debunked
May 20, 2008 – 6:20 am | 6 Comments

Every once in a while I’ll hear a new piece of lunacy about the financial industry and the things that people think are true. Some of my favorites include ‘requiring citizens to pay taxes is …

Sneaky Ways to Save Money
May 16, 2008 – 8:00 am | 12 Comments

We all know that saving money is hard, especially given the way the economy is going. It’s always the same thing. We say we’ll save on the next raise or when the car is paid …

Why You NEED More for Retirement
May 13, 2008 – 6:15 pm | 10 Comments

This is going just a little off topic from the natural order of this blog, but I hope that you will indulge me. Given the state of the economy and the fact that EVERYTHING is …

What They Really Meant
May 13, 2008 – 6:30 am | 2 Comments

We’ve posted before on the differences between banks and credit unions, but I’d like to take that a step further. A really big difference that I’ve noticed between the two is that while they say …

Who Wants to Be a Millionaire?
May 6, 2008 – 5:16 pm | 2 Comments

I know, I know. You’re asking yourself, “is that a trick question?” because the obvious answer is yes. But seriously, do you want to be a millionaire? From where I’m sitting, most people are saying …

Weathering the Storm – Part II
May 5, 2008 – 12:29 pm | No Comment

The report is in: the economy actually grew last quarter – barely. Economists say that the market’s 0.6 percent growth held off the recession for now. Don’t put away your umbrellas yet – …

Decoupled Debit Cards
May 2, 2008 – 8:44 am | 5 Comments

What if you could take the average 7-10 cards that you carry around in your wallet and put them all on one card?
What? How is that possible?
The idea isn’t new by any means and it’s …

Why Banks and Credit Unions Charge Fees
April 29, 2008 – 6:23 am | 4 Comments

If you’ve ever taken a look at your disclosures from when you opened your account, you may be surprised to know that banking can very often come with some fees. Just like the credit card …

Compound interest: Capitalism’s double edged sword
February 20, 2008 – 3:26 am | No Comment

Albert Einstein once said that Compound Interest was the most powerful force in the universe. If (like me) you have a rather hefty amount of revolving credit card debt, you’ll know this expression to be …

Where does YOUR money go?
February 14, 2008 – 3:48 pm | One Comment

The New York times just released some interesting data that shows a breakdown of how Americans on different levels of the wealth spectrum are spending their money.
There are a few particularly telling things about the …