The bottom line on tipping.

Pete Wells, a renowned restaurant critic for the New York Times, recently called for the end of tipping, setting off a firestorm of debate and diverging opinions. Has the practice of leaving gratuity for good service grown out of control? Are you obligated to tip only for good service? Or has tipping become a mandatory social contract? Should we indeed abolish it all together? But what about the waiters, waitresses, delivery people, and 70% of our American working force ...

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The great American savings drought.

The terrain is drying up like never before, with no sign of relief or reversal. But we’re not talking about California’s scorching water shortage, we’re referring to the financial landscape and the great American savings drought, as people are saving less and less money for a rainy day. In fact, new studies show the current personal savings rate is only about 2% in the U.S., near an all-time low.

The savings rate bottomed out at 1.5 percent in 2005 before it took an ...

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compound-interest-vs-simple-interest

Compound or simple; the interesting thing about interest.

Interest rates are a part of our daily lives, even if we don’t always think of them. Whether you have a mortgage, student loans, or pay on a car loan or credit cards, the interest rates we pay dictate how big of a check we’re writing. But the impact of interest doesn’t stop there; when we open a bank account or make an investment, we hope that it pays a high interest rate so we can make more money. Interest ...

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The average wedding costs HOW much?!

The cost of a wedding has risen precipitously in the United States over the last few years, even bucking the trend of people cutting back through the Great Recession and uncertainty economic times. In fact, “For better or for worse, until death do us part,” has never come with a higher price tag. And it’s not just because of the rising cost of wedding halls, bands, cakes, and dresses have gone up; couples are choosing to customize their nuptials with ...

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15 Things you can’t get with a bad credit score.

We all know that managing your credit is vital to financial success, but did you know that a bad credit score or blemishes on your credit report can hold you back from getting the things you need in every day life? Of course big ticket items like home loans and car loans are much more difficult – or impossible – to get without a good credit score, but you might be surprised what other day-to-day purchases, services, and even your ...

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Fraud alerts and security freezes important tools to protect your credit and identity.

More than ever, it’s important to monitor your own credit and take precautions in to prevent having your credit compromised or identity stolen. But if it does happen, it’s absolutely crucial that you are prepared to act, taking measures that will stop the thieves in their tracks or at least minimize the damage. There are two main steps you can take to do just that: fraud alerts and security freezes. Often misunderstood or confused, understanding what these two credit score ...

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15 facts about wealth and income inequality in the U.S. that will shock you.

The richest people in the United States are getting richer at an alarming rate, while the middle class and poorest families are losing ground on both wealth and wage inequality. The wealth gap has gotten markedly worse since the recession and especially the recovery, so much so that we’re at levels not seen since the Great Depression.

Those are the findings of prominent economists like Emmanuel Saez and Gabriel Zucmanm, respected organizations like the Pew Research Center, and credible studies like ...

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Is my credit score FICO or Fake-O?

We’ve all seen them: those quippy credit report commercials with the jingles that get stuck in your head all day long. They talk about credit monitoring, bad credit and of course they offer – what luck! – a free credit report.

Well, as the old adage goes, if it sounds too good to be true, it probably is.
What many credit reporting companies such as these don’t tell you, is that all credit scores are not created equal. Sure, it’s possible ...

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What makes Blue Water Credit different from other credit repair companies?

Your credit score is more important than ever these days, whether you’re trying to buy a home, save money on your car loans or credit cards, or just trying to clean up your finances. You have a lot of choices who to work with to help raise your credit score, but Blue Water Credit would love the chance to earn your business and your trust. We’re a national credit restoration company that works with clients and creditors to improve credit ...

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7 Items that are easy to remove from your credit report.

1. Negative accounts over seven years old.
For unpaid debts and delinquencies, seven years is the magic number for items to fall off your credit report. (Some bankruptcies stay on for 10 years.) In fact, most credit bureaus start erasing those pesky old negative items after six months and change. But if you see an item still reporting, simply dispute it with the credit bureaus. You’ll want to verify the time the debt was unpaid, when it was charged off ...

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