How To Make Your Raise Really Pay

Written by James Dimmitt

Were you lucky enough to get a pay raise recently? If so, what are you planning to do with it? Here are 4 tips on how to make your raise pay real dividends for you now and intorepparttar future:

1) Open a savings account

Baby boomers can probably remember parents or grandparents making regular deposits to a savings account atrepparttar 138459 local bank. Our current savings rate is a measly 2.5 percent down significantly fromrepparttar 138460 7 percent average 30 years ago.

For example: If you saved an

Negotiate Your Way To Lower Credit Card APR's!

Written by James Dimmitt

I have three major credit card accounts that I've had for many years. The other night I was reconciling my monthly statements and noticed a large discrepancy inrepparttar APR's (annual percentage rate) I was paying on these three accounts.

My first card, card "A", has an APR of 8.9%; card "B" has an APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I had to see what I could do about this"out of range" interest rate on card "C". So I considered a couple of options.

One choice would be to transfer or switchrepparttar 138458 balance on card "C" to a new card with a lower APR. This would be very easy to do since I had received several pre-approved credit card offers earlier inrepparttar 138459 week. They included "convenience checks" that I could use to payoff that high APR credit card, thereby transferring that balance to a new account.

I decided against this option however because I didn't really want to add another account to my credit profile. Your credit score, that "magic number" that establishes your credit-worthiness to merchants can be affected negatively by having too many accounts.

So instead I decided to contactrepparttar 138460 issuer of credit card "C" to see what they could do about that 17.9% APR which seemed so out of line with my two other credit card accounts. I reasoned this wasrepparttar 138461 better ofrepparttar 138462 two options before me since I've already established a relationship with this company; a relationship which included many years of on-time payments which reflects positively in my credit profile withrepparttar 138463 credit bureaus.

I calledrepparttar 138464 800 number and talked to a very a nice gentleman. I explained to himrepparttar 138465 reason for my call; two other credit card issuers offered me a much more reasonable interest rate and so I'd like to see what his company could offer to me.

I wasn't surprised when he replied that he could lower my current rate from 17.9% to 15.9%. Sincerepparttar 138466 credit card company makes a profit fromrepparttar 138467 interest rate they charge I didn't expect to be offeredrepparttar 138468 best or lowest rate right offrepparttar 138469 bat. I prepared myself to have to do a little negotiating.

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