U.S. banks to make $38 billion from overdraft fees
Posted by Steven Ortega on 24 Aug. 2009, 09:04 AM

Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year during the worst economic climate since the great depression, the Financial Times said, citing research by Moebs Services. A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper.

Speedy Cash is helping thousands of consumers in this economy manage their finances better and avoid the increased fees banks and credit card companies are charging. A simple cash advance or payday loan from Speedy Cash helps the average consumer save hundreds of dollars per ... Continue Reading

The Key To Savings Is Managing Short-Term Expenses
Posted by Steven Ortega on 8 Jun. 2009, 11:31 AM

Expenses and fees, such as late payment fees are the killer of any savings strategy. On average the American Public now saves zero percent of the income they earn. Pulling out of this current economic meltdown will require additional savings – somewhere in the region of 20%! The first step in planning for long-term goals and an immediate savings action plan is actually determining how much you spend on short-term expenses. Once you know how much money is spent on the here-and-now, you can assess how much money can be put into investment and saving vehicles for the future.

Regular ... Continue Reading

Economic Outlook for 2009
Posted by Stuart Bekingnal on 11 Feb. 2009, 10:37 AM

The current economic outlook for 2009 has many experts scratching their heads.  Most see stagnant or sinking stocks and profitability of most major corporations, their are segments that will continue to do well.

The housing and retail industries will continue to be flat or down, while the service business segment will stay even or increase as many will need to work longer or start hobby businesses to make ends meet.

Lynn DeVries of Cinderella's Home Care said "Business is good as we have added many new clients that no longer can work additional hours and keep up with the domestic demands at ... Continue Reading

 

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