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    Month: November 2015
    No Credit And Need Your First Credit Card? - November 21, 2015 by admin

    I’m sure there are a few people who were in the same boat as me when I got out of college. I didn’t have any student loans in my name and I never had a credit card. Basically I had no credit history, and I was trying with no success to get approved for a credit card. Things got so bad for me I couldn’t even get approved for store credit cards such as Gap, Kohl’s, or American Eagle. I finally found a credit card after hours of searching online who approved me.

    I got my card approved at Credit One Bank. Although its not the best card, it was a credit card that I could use and make payments on to start building my history. Here are the basics of the card.

    • I started off with a $200 credit limit. It has since been increased and the maximum limit is $1,000.
    • $69 one time Enrollment Fee
    • $69 Annual Membership Fee. This fee is billed to you at $5.75 each month
    • 23.90% APR

    Thats the basics of the card there. As you can see its not the greatest but you WILL get approved and be able to start building your credit history. I’ve been approved for several cards since and you need something to get started at some point.

    Manage Your Money Through Yodlee - November 14, 2015 by admin

    It isn’t uncommon to make a New Year’s resolution to start saving money. An excellent way to being saving money is through a good budget. Budgets allow you to see what your spending habits are and then you can decide on where you need to cut back on some spending. Budgets take a lot of time and sometimes it’s difficult to put together a complete picture of all your finances. That has all changed now with the power of computers and the internet.

    Yodlee MoneyCenter is an online account aggregation service. Yodlee makes it easy to view a complete picture of your finances including bank accounts, investment, loans, credit card, mortgages and more. Signing up for Yodlee is free, however you must give them all of your login names and passwords so they can access your financial information and organize it for you. For example, if you give them your credit card logins they have all the information in real time off your credit card. This includes your current balance, and every transaction that you make is logged. Provided you feel safe disclosing your information, Yodlee can track and organize all of your transactions for you. The end result is real time update of all your financial information put together neatly on one page. No more logging into each bank account separately, then go to each credit card web site to log in there and check your information. It’s all on Yodlee now. I took a shot of my main page below, but I just took out my values for each.

    Now that all your finances are together, it’s easy to analyze. Since they have a record of every single transaction that was made is now in one place, it’s also easy to organize.

    Here is a list of services Yodlee can provide:

    • Spending charts and expense reports to see where your money is going.
    • Income vs. expenses categorized in any time frame you wish.
    • Portfolio performance
    • Bill paying
    • Transaction details
    • Net worth statements
    • A wide range of reminders and helpful notices.

    I will touch on some of these other services another time, but for a one stop shop in organizing your personal finances there is no better place in my opinion than Yodlee MoneyCenter.