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Financial Tips for Families


Lost Wallet: What To Do

If you have ever lost your wallet or purse before, you know the headache that comes with this simple misstep. First, you have to dig up all of the account information for the cards you *think* were in your wallet. Next, you contact each creditor to explain the situation. And then you wait nervously for the fallout that can happen when your information falls into the wrong hands.

What’s the difference between objective forecasting and cockeyed optimism? A new survey by CreditDonkey.com suggests that it’s the difference between some people’s saving habits and their idea of a “comfortable retirement.”

Infographic: Marriage Statistics

Good news for married couples! Statistics show that they’ll probably be healthier and live longer than their unmarried friends. Now the bad news: They’ll spend some of that extra time arguing over money.

Every month, when you get your credit card bill, you’ve probably noticed a “minimum payment” amount prominently displayed next to your outstanding balance. This amount always seems way too low to even begin to cover all the charges you ...

Pay Off Debt or Save: Is It Better to Save Money?

Should you deposit your paycheck into your savings account, or use it toward paying off your credit card bill instead of making just the minimum payment? You have only so much money to go around and you probably can’t do both, so it’s important to prioritize. To decide which option is best, figure out which one will make you the most money – or cost you the least – in the long run.



New Tips for Families

    Survey: Parents Have Longer Attention Span

    September 17, 2014 - By Sarah Johnson - News for Kids and Money
    Parents report having a laser-like focus across a wide range of activities, unlike their childless peers, according to a poll by CreditDonkey.com.

    Study: Best Budgeting Software - Quicken vs Mint vs YNAB

    September 15, 2014 - By Rachel Hoyt - Reviews for Household Spending Statistics
    If you want to get ahead in life, you’re going to have to make a budget and stick to it. Even those who have gotten a taste of fortune have learned this lesson the hard way: many lottery winners spent their winnings and then some. It was gone before they knew it. The hard truth is simple: you must spend less than you earn (or win) if you want to save up for a special trip or plan for retirement.

    Study: Best Home Security

    September 10, 2014 - By Cynthia Cohen - Reviews for Family
    Some people rely on their dog for security (a pit bull, yes but a toy poodle, not so much). Others feel a deadbolt offers enough reassurance when they turn in for the night. But many of us need to feel safer at night and when we’re away from home.

    Life and Money Lessons from Football

    September 8, 2014 - By Tammy K - Tips for What to Buy in September
    Football might just be America’s favorite pastime, with NFL season attendance consistently topping 7 million. The gridiron provides us with hours of entertainment at the stadium and on TV, but if we’re paying attention, we can also learn some useful life and money lessons from football as well. Here are some of our favorites.

    TradeKing Review: Is TradeKing Good?

    September 5, 2014 - By Cynthia Cohen - Reviews for Best Brokerage Accounts
    Online broker TradeKing offers low-cost trades and other services designed to make hands-on investing as simple and profitable as possible. Read on for an in-depth look at TradeKing.

    Credit Cards 2014 Study

    September 3, 2014 - News
    After analyzing the more than 38,000 credit card-related complaints filed with the Consumer Financial Protection Bureau (CFPB), CreditDonkey identified the largest cities where consumers most often and least often quarrel with their credit card issuers.

    Best Investment Blogs 2014

    September 3, 2014 - Tips for Investment
    The investment world is seen as a treacherous land to navigate by people who don’t understand it, but to those who do, it is a place where huge profits can be made. The main thing separating you from them is a certain level of knowledge and understanding.

    Study: Best Travel Insurance

    September 1, 2014 - By Cynthia Cohen - Reviews for Travel Accident Insurance
    If you always have sweaty palms in the weeks before your vacations, feeling constant fear that something will go wrong – and all your hard-earned travel money will go to waste – you may have a more pleasant experience by signing up for travel insurance. By letting go of some cash that you likely won’t get back (chances are your trip will go just fine), travel insurance does offer peace of mind, which for some people doesn’t have a price.

    Home Depot Credit Card Review: Worth It?

    August 29, 2014 - By Leah Norris - Reviews for Study: Credit Card for Home Improvement
    If you’re a homeowner, chances are you’re intimately familiar with your local Home Depot. It can become the weekend destination of choice for anyone looking to spruce up their walls with a fresh coat of paint, add some color to their garden with some new flowers, or finally repair that leaky faucet. All those visits can add up to a hefty tab if you were to put it on a credit card. Like most retailers, Home Depot hopes that you will rack up a tab – on its own branded card. The card comes ...

    Study: Best Place to Buy Appliances

    August 28, 2014 - By Cynthia Cohen - Reviews for Best Time to Buy Kitchen Appliances
    Appliances are one of the few items that really shouldn’t be bought sight unseen. Even if you purchase your next fridge or dishwasher online, you’d be a savvy shopper by testing out the doors and seeing the appliance in person. Chances are, to do these test touch-and-feels, you’ll be making a trek to one of these major retailers: Sears, Lowe’s, or Home Depot. These stores are easy to find and navigate, and offer a wide selection of name brands for the machines you need use every day.

About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.