What is Debt to Income Ratio?

September 16, 2010

A debt-to-income ratio, otherwise known as DTI, is the percentage of a consumer’s monthly gross income that goes toward paying debt. In simple terms, a consumer’s DTI is calculated by dividing the amount of monthly debt payments by gross monthly income. The DTI ratio is extremely important when it comes to qualifying for a mortgage, [...]

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Your Savings Account Can Help You Avoid Costly Overdraft Fees

September 15, 2010

Starting on August 15th, 2010, the Federal Reserve banned banks from automatically enrolling customers in overdraft protection for cash withdrawals or debt card purchases. You’ve probably received a letter from your bank previously, looking for you to “opt-in” to the overdraft plan, or to sign that you are aware of the new overdraft regulations.  If [...]

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7 Ways to Prevent New Account Fraud

September 14, 2010

Identity Theft takes many forms. In some cases, your identity can be used to withdraw money from existing accounts or to use existing credit. One of the more difficult types of identity theft to detect, however, is called new account fraud. With new account fraud, your personal information (e.g. social security number, date of birth, [...]

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AMEX National Money Talk Night $100 Giveaway!

September 14, 2010

As we mentioned in our last giveaway, we’re hosting giveaways around family finances in celebration of the National Money Night Talk! For those of you who don’t know, American Express teamed up with personal finance expert Jean Chatzky to launch the “National Money Night Talk” program, encouraging parents around the country to have “the talk” [...]

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7 Ways To Invest in Gold

September 13, 2010

Gold investments offer an excellent way for investors to store wealth in tough economic times. Investors looking to buy gold will find that there are numerous options available, depending on an investor’s goal. The seven most popular gold investing options are listed below. Physical Gold Investors who invest in physical gold will most often select [...]

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What is Tax Form 1040 Schedule A?

September 13, 2010

If you’ve always filed your taxes with a 1040EZ, you may not be familiar with the Schedule A.  Schedule A is where you report allowable itemized deductions against your income. (Filers using a 1040EZ take the standard deduction, and are not required to fill out a Schedule A.) Deductions lower your tax liability by reducing [...]

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The Bottled Water Industry is Out of Control

September 13, 2010

Over the past ten years, the global bottled water industry has taken off; however sales and profits have slumped amidst the global recession. Following double digit growth at the beginning of the decade, bottled water volume declined by 1.0% in 2008 and by 2.5% in 2009 as did producers’ revenues. Bottled water wholesale dollar sales [...]

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The DoughRoller Weekly RoundUp (Wikinvest Launches Portfolio Tracking iPhone App Edition)

September 12, 2010

Frustrated that your brokerage doesn’t have an iPhone app? Or that you have to download three different apps for your three different brokerage accounts? Today Wikinvest launched the Wikinvest Portfolio Manager iPhone app to solve these problems. The app gives you the features of the online Wikinvest portfolio tracker in the palm of your hand. [...]

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A Deeper Look Into the Unemployment Rate

September 10, 2010

If you pay much attention to the news, you’ll find yourself bombarded by the most recent unemployment numbers. The percentage expresses the number of people considered in the labor force who are unemployed, available, and actively seeking work. The unemployment rate is a long-standing indicator of economic performance. What the unemployment rate doesn’t do, at [...]

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