Budget

Tips for Reducing Credit Card Debt

The key to reducing credit card debt is either to pay off your balances every month or—when you can’t do that—make higher-than-minimum payments without adding to your balance. Although this may seem like a challenge if your credit card debt is very high, a determined and disciplined approach will go a long way toward helping […]

Budget

Understanding Your Debt-to-Income Ratio

Your debt-to-income ratio compares the amount of money you earn to the amount of money you owe to your creditors. It's an important indicator of your financial health and whether you have control of your spending. To calculate your own debt-to-income ratio, tally up your predictable, recurring debts, your mortgage, car payment, insurance, etc. and […]

Budget

Tips for Improving Your Credit Score

Whether you're just starting to build a credit history or you're working to improve your credit score, opening a savings account may help. That's because lenders see bank accounts as a sign of stability. Stability, in turn, helps them see you as a good credit risk, which helps make it easier for you to receive […]

Finance Basics

Keeping Your Personal Information Private

With the right Internet security measures, you can keep your financial details safe and your personal information private—whether you're paying a bill or shopping online. Visit the Ally Bank security page for helpful information on how to keep your account secure. Also, consider the following computer safety tips: Install anti-virus software. This is an easy […]

Saving

Divide and Conquer Shared Expenses – How to Make a Household Budget

When you move in together, chances are you could be sharing much more than a roof. Whether you’re living with friends or a significant other, having to divide and conquer shared household expenses can add stress to any living situation. Creating and maintaining a household budget is one way to help keep everyone under your […]

Saving

3 Goal-Based Savings Accounts You Need Right Now

Goal-based savings is one of the simplest ways to control your spending and maintain some financial security as you transition from college to career. Imagine swiping your card for those $200 designer shoes you’ve been stalking online and knowing you have the money to pay it off immediately. (Talk about guilt-free spending.) That’s what goal-based […]

Finance Basics

4 Questions to Ask Yourself Before Buying from Companies that Donate to Charity

It’s becoming more and more popular for companies to offer products that include a charitable contribution with each purchase. When you can get your caffeine fix and donate to a great cause simultaneously — why wouldn’t you? Choosing to purchase a charity-affiliated product can be an easy way to give back in your everyday life. […]

Finance Basics

Advice for Those Looking to Start a Side Business

Who is going to turn down happiness or money? Nobody we know. When approached the right way, a side business can be both financially and personally rewarding. The key to success is striking the right balance: between your “side” activity and your day job, between your extra income and tax guidelines, and ultimately, between taking […]

Credit

Four Ways to Create a Cash Stash – How to Start an Emergency Fund

April is Financial Literacy Month, a great time for you to learn more about establishing and maintaining good financial habits. It is an opportunity to evaluate your plans to reach your financial goals — and that means planning for emergency expenses, too. You’ll be ahead of the game if you plan for unexpected expenses well […]

Taxes

What to Do with Your Tax Refund: Spend or Save?

When you don’t procrastinate filing your taxes, now is when you get a tax refund for all that diligence. But what should someone do with this welcomed windfall? If there’s a light at the end of the tunnel during tax season, it’s definitely the refund. Here are four suggestions for how to spend or save. […]