http://www.personalfinanceology.com The study of Personal Finance Fri, 27 Jan 2012 16:00:45 +0000 http://backend.userland.com/rss092 en Credit cards often get a bad reputation, but they have many benefits that are often overlooked or ignored by the general public and financial experts. A credit card is a double-edged sword and it can be tempting to abuse one; but with a solid understanding of how a credit card ... http://www.personalfinanceology.com/why-a-credit-card-is-a-good-idea/ You know it is the festival season and Christmas time when you start feeling the strain in your pocket. Christmas is the season of joy, festivities and celebrations. Thus it is quite natural that during this time your expenditure will increase. Dinners, parties, food, and of course gifts not leaving ... http://www.personalfinanceology.com/make-your-christmas-happy-%e2%80%93-live-it-debt-free/ Perhaps you're young and new to finance and are just starting to look into credit cards and what they offer? Or maybe you're a more seasoned spender but just want a refresher on exactly how credit cards work? However you’ve stumbled across this blog, it's our aim to give ... http://www.personalfinanceology.com/what-is-a-credit-card-and-how-does-it-work/ With home prices continuing to fall and interest rates at record lows, many renters are wondering if now is the time to jump into the real estate market and buy a home. While its tempting to buy when homes seem to be "on sale," a favorable market is not the ... http://www.personalfinanceology.com/are-you-financially-ready-to-own-a-home/ Modern day banking has never been easier and with credit and debit cards taking the place of cash it has never been more important to get a current account with online banking. Being able to check your bank balance over the net is a great way to keep track of your ... http://www.personalfinanceology.com/online-banking/ Have you taken a New Year resolution of managing your personal finances? Most people who have taken financial resolutions have forgotten to follow them and this is the reason behind the surging level of debt in the US. If you’re one among them who have taken fake financial resolutions, you must ... http://www.personalfinanceology.com/planning-your-personal-finances-%e2%80%93-your-road-to-financial-freedom/ Everyone seems to say that buying a home is always better than renting. Well tell that to all the people in the states hardest hit by the subprime crisis. They now know that there are risks associated with owning a home. It isn't always a good idea to ... http://www.personalfinanceology.com/rent-vs-buying-a-home/ Savings Accounts It is always a good idea to have an emergency fund set aside for times of uncertainty. The normal recommendation is to have at least three months of expenses saved. With that being said here are a few options you have to choose from so that you can ... http://www.personalfinanceology.com/savings-accounts/ So I was taking some time catching up on current events and the top finance news stories when I began to think about the effects a firm knowledge of personal finance issues can have on the future of my generation. The reason I became an advocate for being knowledgeable ... http://www.personalfinanceology.com/the-real-importance/ Money Market Accounts The characteristics of Money Market Accounts resemble that of a savings account rather than a checking account because of their limitation on monthly transactions. The benefits of these types of accounts are their interest rates. They offer a much higher interest rate. However, along with the ... http://www.personalfinanceology.com/asset-management/