Credit card

When you think of identity theft, you may picture people hiding in the dark corners of Wi-Fi cafes and storing your personal information on their hard drives. Identity theft has become a frequent problem for adults, but did you know your children’s identities can be stolen as well? One woman learned this the hard way, when her credit report showed that she had a credit card with a $30,000 balance that she had been allegedly using since she was 1 year old.

Thieves won’t think twice about stealing your child’s Social Security number and opening bogus accounts, but there are steps you can take to prevent that from happening. Consider the following advice: [Read more…] about How to protect your children from identity theft

Originally posted on November 8, 2012 @ 11:56 am

Parenting is hard. Aside from raising young’uns and teaching them important life lessons like saving money, parents also need to manage a household, provide for the family’s needs, and save for their children’s education and future. And to do this, they sometimes need to get into debt, either through a loan or by using a credit card. But which of these two are the better option for parents? Here are a few tips on when to use either.

When to get a personal loan

Temporary cash difficultiesIf you’re short on cash, you can use your credit card but this could cause problems, particularly when paying your debt. Every cent counts so you might not be too pleased with your credit card’s higher interest rate. A personal loan would be the better choice during temporary cash difficulties because you’ll be able to get a larger amount for a lower interest rate. [Read more…] about Tips For Parents: Personal Loan vs. Credit Card

Originally posted on October 15, 2012 @ 5:14 am