When the first few hundred dollars you pay each month on your credit card bill do nothing to reduce your indebtedness, it’s time to come up with a plan to reduce that credit card debt
Bayside, NY (PRWEB) May 10, 2012
Personal Finance expert Walter Edelstein, CFP® is providing updated financial information and advice on several important topics including credit card advice on how consumers need to develop and implement a plan to reduce credit card debt, and retirement advice on the growing negative impact of rising and hidden 401(k) fees on retirement portfolios. TheAdvice.com Personal Financial Site Network continues to provide consumers with free information and easy to implement practical ideas to help them achieve their personal financial goals. Following is a summary of some of the new articles published on TheAdvice.com Personal Finance Site Network.
One of the biggest hurdles that many individuals and families face on the path to financial independence is digging out from credit card debt. It doesn’t take long for the balances on multiple credit cards to climb to the point where just the interest charges can amount to several hundred dollars per month. According to Mr. Edelstein "when the first few hundred dollars you pay each month on your credit card bill do nothing to reduce your indebtedness, it’s time to come up with a plan to reduce that credit card debt."
While it’s generally not difficult to come up with a plan to lower the credit card balances, it’s sometimes a challenge to stick to that plan. This article provides consumers with an easy step-by-step process on the actions necessary to reduce credit card debt.
Consumers are already taking steps to monitor and manage the fees paid within brokerage accounts today. Many already invest in no-load mutual funds that have low annual expenses, and individuals who trade stocks try to make sure that the trading commissions paid are minimized. Over the long term too many fees, or fees that are too high, will significantly hamper investment performance.
"But are you also looking out for fees that would affect the returns within your retirement accounts? In particular, you should also be paying attention to the various types of fees that you may be getting charged for inside your 401(k) account" according to Mr. Edelstein. This article identifies many of the not so transparent fees that may be imposed on 401(k) accounts, and the actions consumers can take to minimize them.
About TheAdvice.com Personal Finance Site Network
TheAdvice.com Personal Financial Site Network was launched in 2009, and since then has provided hundreds of free articles and financial tips across a broad array of personal finance topics. Several of the sites in TheAdvice.com Personal Finance Site Network include:
Banking Advice – where consumer can learn how to save money, establish budgets, choose the right checking account, and start banking online.
Insurance Advice – where consumers can find answers to many insurance questions including how to secure the right coverage for all home, health, life and automobile insurance needs.
Mr. Edelstein has financial experience that spans over thirty years. It includes being a Certified Financial Planner™, having a Master's Degree from Columbia University, and having served as Chief Marketing Officer for a major online bank where he honed his online marketing skills to help consumers achieve their financial goals.
TheAdvice.com proudly reaches out with this network of personal finance websites to help individuals and families discover the path to financial knowledge.