Reading the fine print of a credit card or student loan application can be daunting; just what do all those acronyms mean? Fortunately, we’ve broken down a list of some of the most common terms you’ll see in the finance world. APR: The annual interest rate paid on an investment. APR doesn’t factor in the …
AAA money tips for foreign travel
Heading across the pond (or around the world)? Local currency is indispensable for tips, transportation needs, small meals and other casual purchases. Avoid exchange-line hassles, high fees and unfavorable exchange rates typically offered in airports, hotels and restaurants by purchasing foreign currency before you leave the US. We suggest taking foreign currency in the equivalent …
What’s in a credit score?
Your credit score is one of the most important items to know and keep in good standing, but what makes up a score, anyway? The three major credit reporting bureaus offer one free report each year. Once you receive your report, look at it closely; if you see any errors, start by disputing those. Take …
The best time to start saving for retirement? Today.
With financial experts advising that retirees will need 80 to 100 percent of their pre-retirement income just to live comfortably, how can you start making smart investments in your future? To understand how your investment can grow, you need to have a basic understanding of compounding interest and the Rule of 72. When you understand …
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Two financial resolutions to make for 2018
The holidays have come and gone, and whether you’re happy with the way your bank account looks or not, January is a great time to make some wallet-centric resolutions for the coming year. Plan ahead. Keep an eye on big events going on throughout the year. Knowing a special occasion is on the horizon allows …
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Does your budget need a New Year’s diet?
During the season of holiday parties, gifts, festivities and travel, your usual budget can quickly fall by the wayside. And while it’s OK to treat yourself, family and friends during special occasions, it’s also important to get your finances back on track. First, it’s important to understand where your money is going. Do you keep …
Building credit: 4 tips for helping your college student make the grade
Establishing good credit is becoming increasingly important, from securing a home or auto loan to finding an apartment to getting hired at a new job. Beginning the credit-building process while still in college isn’t just a good idea; it’s become almost crucial to starting off on the right financial foot. For years, one of the …
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The Ins and Outs of Paying Off College Debt
The hot topic financial advisors are often asked is, “What is the best way repay college loans?” The question the question is sometimes, is the easiest, least painful way to repay?” Another imbedded question graduates are asking, “Is there a way to get rid of student loans for less than I owe?” The best way …
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Four Ways AAA Can Help with Your Used Car Purchase
If you are considering the purchase of a pre-owned car this fall, take advantage of resources offered through your AAA membership that can save you time and money. Auto Loans: AAA offers competitive rates on loans for both new and used car purchases, along with fast decisions and a high level of convenience and service. …
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Four Reasons to Make CDs Part of Your Investment Strategy
What’s your investment strategy? Growth? Income? Asset preservation? Any investment strategy should start with a goal–for instance, saving for retirement or funding a child’s education. Your choice of investments to reach this goal will depend upon your time horizon as well as your appetite for risk. Most people prefer to reduce risk as they get …
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