Archives for July, 2010

30 Jul

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On Thursday, the Federal Trade Commission announced new rules to protect consumers from predatory and anti-consumer practices in the debt settlement industry.    Effective October 27, 2010, for-profit companies that sell debt relief services over t...
29 Jul

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In 2008, the Internet surpassed newspapers as an outlet for people seeking news. Yet analysts estimate that newspaper circulation is still about 40 million. That means that there are a lot of people willing to pay a fee—usually between $10 and $15...
28 Jul

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As a first-generation college graduate and daughter of immigrant parents, Nancy Trejos had definitely set herself up for financial success. She graduated from the prestigious Georgetown University and worked for both the Los Angeles Tim...
26 Jul

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It seems like most stores can’t just have a sale, they need to have an event. The problem is that there are only so many reasons to reduce your prices, forcing retailers to get creative. Following are six types of sales events I’ve recently shop...
22 Jul

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There are many tools and resources available to help teach kids about money such as board games and online activities, but the one consistent resource is parents. Four out of ten respondents to a recent survey conducted the National Foundation for ...
21 Jul

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In MMI's recent survey about kids and money, we asked parents which fictional character they thought would be a good financial role model for children.  Votes were equally split (29% each) among Willy Wonka (money is a tool for doing what you love...
20 Jul

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When asked what you do for a living, there are two ways to go: small-picture or big-picture. Focusing on the small picture is to think about the everyday tasks you perform. For example, the team members at MMI perform a lot of tasks—they answ...
19 Jul

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MMI's recently released survey about kids showing that nearly 7 in 10 kids in America are asked to participate in fundraisers on behalf of their school or organization. According to MMI’s 2010 Kids and Money Survey, the majority of parents s...
15 Jul

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Ever wonder who, besides you, has access to your credit history? According to the Fair Credit Reporting Act, there must be a “permissible purpose” for someone to view your report. One of the most common reasons your credit is reviewed is because...
13 Jul

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We’ve all heard the quote from Benjamin Franklin, “a penny saved is a penny earned.” This expression is even truer in today’s volatile economy. Wise financial planning encourages wise spending and saving for the future. Learning smart spendi...