How to Calculate Average Daily Balance
The average daily balance (or daily average balance) is calculated by adding the ending balances of each day for a defined number of days (usually 30 days for credit card calculations) and dividing it by that total number of days. For example: Ending balance for Day 1: $1000.00 Ending balance for Day 15: $2000.00 (because [...]
Don’t Blame Credit Cards
Calculate Credit Card 
Credit Cards, Financial Responsibility, Teaching Kids About Money 
Money ManagementIt’s noticeable that credit cards have gotten a very bad reputation over time. Credit cards are typically associated with negative connotations, such as high debt, bankruptcy, and simply fear. It’s time to stop misdirecting the blame of these negative attributes to an inanimate object and start looking at ourselves, the consumers. With proper money management [...]
8 Reasons Credit Cards Are Better Than Debit Cards
Based on a recent article from the National Retail Federation, consumers will be relying less on credit cards this holiday season. In fact, it’ll be the lowest since 2002. People are making this decision because they want to actively budget they’re spending on gifts. I believe this a strategy that works well, but if you [...]
Don’t Be Lazy When It Comes to Money: Use A Manual Ledger
If you’re like me, you find it really convenient that your credit card or banking institution provides you with a list of your most recent transactions when you log into your online account. It really simplifies the book keeping process and that’s great. Unfortunately, with simplicity comes laziness and with laziness comes mistakes/unwelcomed surprises. I [...]
How Credit Card Interest is Calculated
There is no simple way to calculate interest on credit cards. There are different values that come into play: Outstanding balance from the month before Annual Percentage Rate of your credit card Number of days in a month your credit card is calculated over Number of days in a year your credit card is calculated [...]
What Are The Benefits to Calculating Your Daily Interest Rate?
After I created the “Calculate Your Daily, Monthly, and Annual Credit Card Interest” page, I was asked numerous times, why did you specifically decide to create that tool and what purpose does it serve? Well, I guess my brief intro on the homepage was a bit too brief. Let me elaborate. Around the time I [...]
How To Build Credit With The Public Savings Bank Secured Visa
I was provided the following article for the Public Savings Bank Secured Visa. In a nutshell, this card allows you to create good credit history while removing the risk of missing a payment, which in turn will improve your credit history. Here are the simple steps they provide on their site: You deposit a minimum [...]
Prepaid Credit Cards and Kids (Teaching Kids About Money)
Calculate Credit Card Credit Cards, Financial Responsibility, Teaching Kids About Money Money Management, Teaching ChildrenThis article is part of a series on Teaching Kids About Money. Credit cards have a bad reputation. People view credit cards as an evil doorway to the downward spiral of debt. The truth is, we should all have credit cards. Sure they’re capable of ruining our credit, but ultimately their purpose is to help [...]
What is the Credit Card Act of 2009?
[ad#inline-blog-ad] You may have heard that the new Credit Card Act of 2009 has been passed by the government to help regulate credit cards more closely. But what is it exactly and what does it mean to you? Hopefully, this brief article will help shed some light on this topic and answer your questions. The [...]
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- How to Calculate Average Daily Balance
- Where to Get Your Free Credit Score
- Can Employers Check Your Employment History: Why Employers Check Your Credit
- Credit Inquiry – Hard Pull vs. Soft Pull
- 5 Best Ways To Raise Credit Score
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