Wednesday, I was walking my dogs around town and I noticed a couple of television sets abandoned in front of an apartment building. It got me thinking about how much money we spend on items that quickly become obsolete.

There is a lot of great financial advice about cutting costs and increasing your income. However, this won’t help you accumulate wealth, unless you save and invest part of what you earn.

I recently read in a news article the cost of raising a child is now as high as the cost of owning a Ferrari. That’s $235,000 for the average middle-class family, before they send the kid to college.

This is a guest contribution from Bill Hazelton, CEO of Credit Card Assist where he provides tips, news and advice on credit cards, balance transfers, rewards programs and all things credit-related. While it’s not yet officially the end of free checking, consumers are finding it harder and harder to find banks that will waive fees …

Continue reading “What the End of Free Checking Really Means For Consumers”

Evidently, the only thing worse than being broke is to suddenly become wealthy.