Close-up of a street-side foreclosure sign posted for a home. There's a red cross-out over the word “foreclosure.”

Webster Financial Corp: Helping homeowners avoid foreclosure

Webster Financial Corp. of Waterbury, Conn., is a beacon among banks, reports Bankrate. That’s because, unlike big banks, Webster is doing everything it can to help homeowners avoid foreclosure – and it does so in a manner that has allowed the  bank to remain profitable. Rolling the foreclosure clouds away According to home foreclosure authority
community college

7 high-paying jobs that only require community college education

We are told that a decent career is pretty much impossible anymore without a college degree. The term “college degree” conjures up images of four-year institutions, dormitories and long hours of late-night cramming. However, many are not in a situation, personally or financially, to make the kind of commitment that a four-year degree requires. Fortunately
Close-up of a smiling woman in an advertisement who is holding a credit card in front of her right eye.

Study: Millenials have a better handle on credit cards

Young people appear to have the right idea when it comes to credit card debt, reports Bankrate. In a report compiled by New York-based Auriemma Consulting Group, findings suggest that Millenials are approaching credit card debt with caution compared with their parents and grandparents. Only 1 in 4 claimed to carry a monthly balance. Twenty
Broken Phone

Extend the warranty without extending your wallet

“Would you like to purchase an extended protection plan?” is something you will likely hear when making just about any major purchase. Extended warranties are like an insurance plan for expensive purchases and are often expensive. Many people do not realize, though, that extended warranties can sometimes be added for no additional charge. Benefits of
Generation Y

Generation Y pessimistic about financial future, retirement

Millennials, Generation Y, 20-somethings, call them what you will, the newest adult generation is pessimistic about its financial future. According to a recent survey, most of those who came into adulthood during the Great Recession are already worrying about retirement. Financial attitudes of a generation The Financial Independence Survey, designed to identify the financial attitudes
overdraft fees

Payday loans can be a cheaper alternative to an overdraft

A recent report states that 34 million Americans bounce more than 10 checks a year, which can add up to a pile of wasted income in fees and penalties. But unexpected needs arise, and occasional problems may be unavoidable for those with low income and low credit ratings. The same study concludes that a payday
Grave stones with engraved Middle Class, Unions and Press.

One in three Americans losing middle-class status

According to a recent study by the Pew Charitable Trusts, the American middle class is one-third of the way to the grave. Witness this somber evidence of downward mobility: Nearly one in three Americans who grew up in middle-class families has slipped down the income ladder. The slippery slope to economic disparity The Pew study,

Latino homebuyers may drive recovery of the housing market

According to National Public Radio, immigrant families in the U.S. move up economically predominantly through the acquisition of real estate. Latinos and other minorities, who felt the full impact of the foreclosure crisis of the late 2000s, are now snatching up the low-cost properties that have flooded the market in its wake. Ironically, they may
Vacation Rental

How to cut the major costs of vacation

In 2009, 37 percent of American workers took a summer vacation. In 2011, only 33 percent of American workers took a summer vacation. Economic costs were the most often-cited reason for giving up vacations, but there are ways to take a full vacation without the full cost. The basics of a vacation rental A vacation
A college student shows off a pizza with the words “I (heart) Groupon” written in the sauce.

Grad school Groupon is the first of its kind

In the hunt for online coupon deals, consumers return time and again to Groupon, the trend-setting heavyweight champion in its field. Now Groupon customers with a hankering for higher education can try out a grad school Groupon for an introduction to teaching course at the private, Chicago-based National-Louis University. As the Chicago Tribune notes, Groupon’s

Dealing with debt after a death

The debt individuals leave behind when they pass away can be a difficult issue for friends and family. There is a specific process for sorting out the debts a person owes, but many creditors try to bypass the process. The status of debt after a death Debt is an individual financial responsibility. When a person
Job seekers

Zero job growth in August affects workers and the unemployed

No new jobs were added to the U.S. economy in August. Unemployment figures have stalled at 9.1 percent as the nation’s economic recovery remains stagnant. Not only does this bode poorly for those seeking work, it negatively affects the employed as well. First time since World War II The Bureau of Labor Statistics Friday reported
The TripAdvisor logo owl mascot gives a woman a hug.

TripAdvisor under fire; accused of posting fake reviews

Consumers may want to think twice before funneling their hard-earned dollars into travel and restaurant destinations suggested by TripAdvisor, reports The Telegraph. The travel review website is being investigated by the Advertising Standards Authority after a flood of complaints. Thousands of hotels and restaurants claim that TripAdvisor’s reviews are either fake or unnecessarily defamatory. TripAdvisor
Graffiti artist's rendition of the Monopoly Man in a Venice Beach, Calif., street painting entitled “Money.”

Death penalty too expensive for some of the United States

According a 2008 study by the Death Penalty Information Center, California spends $137 million per year on capital punishment cases, whereas life without parole would cost only $11.5 million. On average nationwide, it costs two to three times more for a death penalty case. The writing is on the wall, writes FOX News: The death
Life Insurance

September is Life Insurance Awareness Month

The number of Americans with life insurance coverage has reached its lowest point in 50 years. It’s hard to think about future needs when many of us are struggling to make ends meet today. The non-profit Life Insurance Foundation for Education (LIFE) is sponsoring Life Insurance Awareness Month this September to bring awareness to the