Our government can print up money but you and I cannot! So we need to find ways to save more.
Recently I was speaking about retirement planning and I was very disappointed when only about half my audience raised their hands when asked if they were actively saving for retirement.
I am on the fence on this one. I do like free a lot and with a good credit score you may be able to get both.
Closing unused credit cards accounts certainly will streamline your finances making them more manageable, but closing an account could lower your total credit line.
Banks love it when you opt into overdraft protection on your checking account or debit card.
Automatic bill paying is a great way to have your bills paid on time and it saves you time.
If you pay cash for everything you will never overspend or owe interest on anything you purchase, however you will also not build credit.
Besides trying to get your Medicare number, scammers may call about an overdue medical bill, asking for bank account information so they can process the payment. Best advice, hang up.
Almost everyone over 65 has Medicare as their primary insurance and your Medicare card uses your Social Security number for identification.
The Federal Trade Commission has some guidelines when dealing with a possible scammer on the phone.