Financial literacy for college students

Financial literacy for college students Posted: Oct 29, 2014 7:42 PM EDT http://www.gettyimages.com/detail/489013607 Some Cape Fear Community College students received a lesson in budgeting Wednesday afternoon. (Source: WECT) WILMINGTON, NC (WECT) – Some Cape Fear Community College students received a lesson in budgeting Wednesday afternoon. A crowd full of students listened to a representative from […]

USA Today: Financial Literacy In The Classroom

USA Today: Financial Literacy In The Classroom

Financial Education of Children is a moral responsibility of our time…..Reading Literacy was in 1929

Financial education of children is a societal responsibility  as reading education was a century earlier when the industrial revolution became into season in America. A boom was to soar the quality of life as never seen in history. One obstacle was necessary to break the old yoke of poverty. Reading literacy was a must. Reading […]

Seniors are not exempt from student loan burden

Did we teach our young people to not plan for college? Did we teach them that student loans would be the debt yoke to obtain a degree? Did we teach them to hang the debt burden on their co-signers to allow them this opportunity? We can do better……..

The future costs of college

The costs of a 4 year in state university in 18 years will exceed $200,000. The recommended savings are inclusive of a $5000 initial investment and $375.00 a month for 18 years to pay for college. That is a true wake up call. Plan early when saving for college. The saying is true “the earlier is better”.

5 ways to make a Subprime Auto Loan a manageable solution for consumer, dealer, bank, and the economy

Wells Fargo Chief Executive Officer made a reference to the competition in the automotive lending so competitive that loans are being underwritten for over 100% Loan to Value of the car by lenders, but that type of loan is given to customers with credits at 720 or over for most banks. However, the market is so competitive in every sector of automotive lending that no customers will be left out. This includes the subprime customer or credit scores less than 620 (619 is Subprime) is considered subprime even though many lenders will not discuss lending with a customer scoring under 680. On Wednesday, the Justice Department made public of an inquiry into General Motors involvement in questionable auto loans to investors since 2007. ABC’s Money Memo reports:

Home prices up 1% in June and 7.5% from 2013

      CoreLogic: U.S. Home Prices Up 1% In June   by MortgageOrb.com Tuesday August 05 2014   U.S. home prices increased 1.0% in June, compared to May, and were up 7.5% compared to June 2013, according to CoreLogic’s Home Price Index (HPI).   The report shows that home price appreciation continued to slow […]

Banks and Credit Unions begin to embrace technology to meet customer’s modern lifestyle

Two announcements were made this week to tout 2 institutional achievements in remote options to conduct bank business via technology to sign documents and open accounts without coming into the bank or sending documents via postal mail. Pentagon Federal Credit Union has implemented DocuSign technology to conduct an array of transactions including applying for loans and signing loan documents online. TD Bank has launched Mobile Account Opening to open accounts via mobile or tablet device. The following two excerpts are sections of the press release from both companies to announce their transition to mobility banking:

ABABJ: Don’t forget when to shut up: Face-to-face or on Facebook, behave as a banker ought

Don’t forget when to shut up Face-to-face or on Facebook, behave as a banker ough | By  Ed O’Leary Credit people deal with confidential information all the time. It’s part of our job descriptions. How well do we observe the basic tenets of business confidentiality? In a long career, I’ve seen people get it right. […]

Generation X: Middle Age is the purpose not the nemesis in finance, family, and future

  This year has been a year of working in silence. Turning 40 silently, I venture into my early 40’s with a purpose at middle age. I used purpose and value to earn income by generating profit was parity in something of purpose. This mindset was in my mind in years past, but became my […]