Kali Geldis

The biggest stories this week revolve around the Federal Reserve’s decision to go all-in on QE3 and the release of the new iPhone 5 by Apple. Fed Launches Big Stimulus, to Buy Bonds Until Jobs Rebound The Federal Reserve announced Thursday a plan to buy $40 billion in mortgage-related debt each month until the unemployment… Read More

For those of you unfamiliar with the term “frenemy,” here’s a quick crash course. A frenemy is a friend who secretly sabotages you. When it comes to your money, frenemies can have a major impact since spending is not always as private as you may think. Take an online purchase — the most private of… Read More

The biggest news this week revolves around hackers and identity theft as Apple IDs and one woman’s Medicare card were exposed to the world. A DNC Flub Puts a Woman’s Identity at Risk Last night, in the midst of former President Bill Clinton’s speech at the Democratic National Convention, the camera cut away to an… Read More

Last night, in the midst of former President Bill Clinton’s speech at the Democratic National Convention, the camera cut away to an audience member holding up what is a familiar sight for the roughly 50 million Americans who participate in Medicare — a Medicare ID card. While that ID card was a great image of… Read More

September has only just begun, but holiday layaway plans are already making the news. Wal-Mart, the world’s largest retailer, recently announced plans to extend its holiday layaway program by a month this year, in addition to tripling its service fee from $5 to $15. The catch to the Wal-Mart plan is that consumers can get that… Read More

The biggest news this week revolves around credit cards getting friendlier for consumers, while consumers are getting better at handling the credit cards as well. Consumer Cut Up Credit Cards, But Buy Cars A new report from the Federal Reserve Bank of New York was released this week, highlighting the increasingly responsible borrowing behaviors of… Read More

The biggest news this week comes on the heels of a New York Times story about credit card companies sending consumers’ balances to collections agencies and suing borrowers despite not properly vetting the cases. It’s the new robo-signing scandal and it’s affecting a large group of Americans. Robo-Testimony: The Newest Credit Scandal Thought robo-signing was relegated… Read More

For many Americans struggling with managing their debt, the simple act of picking up the phone can be terrifying. Why? Debt collectors. In the aftermath of the Great Recession, the debt collection industry has seen a boom. And as more and more collection agencies have been entering the market, complaints about collectors’ abusive practices reached… Read More

The Great Recession has had at least one positive upside — a renewed dedication to financial literacy. And that upside has been on all levels — from senior citizens to teens. In the spirit of helping your teen learn more about how to manage their money, we’ve selected three prepaid debit cards that are consumer-friendly…. Read More

A new study breaks with traditional personal finance advice on the best way to pay down your debts, while the New York Attorney General makes some waves with subpoenas to major U.S. banks on the Libor scandal that’s rocking Europe currently. ‘Snowball’ Method Is Fastest Way to Pay Off Your Bills, Research Shows A new… Read More