Money Management Tips

Don't let skyrocketing fuel prices drive you crazy - there are many ways to put an immediate dent in your gas bill.

You don't have to go to graduate school to become a Master of Money!

Expecting a substantial income tax refund this year? If so, you are in the majority - over 70 percent of Americans get money back at the end of the tax year, with the average refund being close to $2,000. Rather than having those precious dollars being absorbed into your normal spending routine, get the most out of your cash.

Want to own your own home in a competitive housing market? You may be considering taking out an interest-only mortgage to get your foot in the door. Formerly the tool of wealthy investors, interest-only mortgages are now widely marketed and used. When the economic climate is just right, they can be a great way for cash-strapped borrowers to buy a home. As good as they can be though, there are some serious downsides that need to be weighed before entering this arrangement.

A checking account is a contractual relationship between you and your financial institution, with each party having specific responsibilities:

• The financial institution holds your money in a safe place and helps to facilitate your purchases
• You are responsible for handling your account wisely by not writing checks for more money than you have in your account

For senior citizens living on a fixed income can be stressful. There are steps you can take to relieve the pressure of debt and the challenges of covering necessary living expenses.