Modern technologies are developing so rapidly that sometimes it even gets scary. A few decades ago, no one could even think that they would pay in stores, gas stations, medical centers, etc. using a tiny piece of plastic. But nowadays contactless cards and even digital wallets in smartphones are widely spread.
In a few words, contactless or “tap and pay” payments allow carrying out transactions without swiping or inserting a card into a checkout terminal. It is much faster and easier for...
April is Recognized as National Financial Literacy Month in U.S.
In 2003, the United States Congress put forward the idea of a financial literacy month. Since March 2004, when the U.S. Senate passed Resolution 316, April officially became National Financial Literacy Month.
To support the idea financial institutions and non-profit financial education institutions of America hold promotional events during this month and create educational materials aimed at improving financial literacy of...
If you've ever wished you could do more to manage your credit cards from your phone or computer, rather than making phone calls to customer service, instant messaging with representatives, or sending emails, then new features from Chase and Bank of America will come as welcome news.
We've probably all had the experience of misplacing a credit card and panicking. Now, rather than calling up the credit card issuer - whose phone number you might not be able to easily find, since it's printed on...
If you had to choose between a healthy bank balance or a healthy body, which would you prioritize? In other words: your money or your life? A recent survey by TD Bank asked a thousand people that question, and – perhaps unsurprisingly – people were more likely to put their physical health ahead of their financial health.
Diet and fitness goals took priority over financial goals like putting money into savings and reigning in spending. Fifty-four percent of survey respondents said eating...
All of us want to save money wherever we can. And during the holidays, many people pay extra attention to how much they’re saving, often employing strategies to prevent overspending. But new research from Elevate’s Center for the New Middle Class shows that some of those strategies might not be working out so well for folks.
Elevate reports that last year, nearly 40 percent of consumers said they spent too much money during the holiday season, despite their efforts to save. The firm...
If you’re feeling optimistic about your money situation lately, you’re not alone. The latest data from the American Institute of CPAs (AICPA) Personal Financial Satisfaction (PFS) Index shows that Americans are riding high when it comes to personal financial satisfaction; they’re more optimistic than they’ve been since the end of 2006.
This 10-year high is the result of three things, says the AICPA. They are: the PFS 750 Market Index’s record high, more job openings per capita, and...
People often say one thing, but do another. And when it comes to money that goes double – as a recent survey reveals.
A Princeton Survey Research Associates study of 1,000 adults across the country showed that while Americans feel good about saving money, they still aren’t really doing it.
Twenty-one percent of employed Americans report that they aren’t saving any of their income at all, while a quarter of respondents said they only save 10% of their paychecks. Still, for the first...
A new app is helping folks get a grip on their money. Clarity Money has had over 40,000 downloads in its first week after launch, as well as being a featured app on the Apple App Store. Founders say the app has already analyzed more than $5 billion worth of transactions by consumers eager for a new way to control their cash.
Venture capitalist Adam Dell created Clarity Money to “empower users with the tools to gain transparency and take control of their finances.” Dell says that when...
Deciding what to spend your disposable income on can be tricky; there are those things that we all have to shell out for, like rent or mortgage payments, utilities, and groceries, but beyond that, managing money can be a challenge.
The Credit Card Optimizer app aims to make things a little easier for folks by giving them actionable insights into their finances and arming them with information about the state of their bank accounts. They will be able to set up payment reminders, create...
Do you know how much debt credit card debt you carry? A recent survey shows that many people do not – particularly women between the ages of 18 and 36.
Thirty-four percent of Millennial women who have credit card don’t know precisely how much they owe, according to the survey, and 40% who have student loans don’t know the exact amount of that debt. The survey, which asked more than 1200 women about their finances, was conducted by Toluna Quicksurveys for the 1,000 Dreams...
Saving money may not jump to mind when you think of heroic acts, but a new campaign from Synchrony Financial is promoting saving as a feat worthy of a superhero.
The Synchrony Financial “Save Like A Hero” campaign is being done in conjunction with Marvel feature films and features a series of 30-second original videos that show an “average Joe” trying to solve everyday problems. The tagline is, “Saving the world is hard. Saving with Synchrony Bank is easy.”
The films are...
A plethora of new mobile finance apps are making it easier for folks to manage their money with the swipe of a screen. Banking apps from Chase, Citi, Well Fargo, and Bank of America have all been recently updated to make it easier for customers to keep track of what they are spending, and where.
Research has found that people are taking advantage of these apps to take control of their spending, get rewarded for purchases, and make life simpler. Though some people have concerns about...