As I recall, it was the late WBZ radio host Lovell Dyett who used to say, “Spend your time wisely. It’s the only money you’ve got.”
I found myself thinking about that when reading a Page 1 Wall Street Journal article about people who get credit cards to chase bonus points and credit card rewards. One individual has 29 credit cards!
Continue reading Smart About Money: Chasing credit card rewards … worth it?
This is not just about Canton Co-operative Bank, though that is obviously the bank I know best. From my previous career as a bank examiner, I know that what I am about to say is true of many, many community banks throughout New England and nationwide.
Day-to-day money management is a huge part of people’s lives. It makes a big difference if you’re with a bank you like and trust. Ideally that will be a bank where they’ll get to know you as a person and, if you’re trustworthy, they will come to trust you too.
Continue reading Smart About Money: If you’re not with a bank you like & trust, switch!
A gentleman came into the Bank to get an objective opinion on a car loan he was considering.
“The people at the dealership asked me what I was looking to pay a month,” he told me. “And that’s the amount the payment is. I can see that. But it looks like this car loan goes out to 2024. Can that be right?”
Continue reading Smart About Money: The negotiating question you should never answer?
Have some people mis-used Home Equity Lines of Credit? Absolutely! In the mortgage meltdown of 2008, a lot of people used their equity to enhance their lifestyles, putting that spending “on the house” instead of on a credit card. (A colleague recently told me about a grandparent who maxed out $175,000 of home equity treating their grandkids to gifts and expensive trips – quite a sum.)
Continue reading Smart About Money: Be your own loan officer with a Home Equity Line
There are a couple of situations when a local business owner should absolutely take action to determine if someone is abusing your trust and embezzling from your business.
Continue reading Smart About Money: Is someone you trust embezzling from you?
Will it ever be settled whether it was Patriots’ coach Bill Belichick who made Tom Brady great or the other way around? Who knows!
Having the chance to play school sports for many outstanding coaches and having done some coaching myself, I’m sure Tom Brady realizes he’s lucky to have a head coach like Bill Belichick taking care of The Big Picture and making decisions that let him focus on being the best quarterback he can be.
Continue reading Smart About Money: Coaching Yourself To Financial Success
Bruce Murphy is the owner of Bruce’s Floor Cleaning Service here in Canton and I have his permission to share this story with you.
One day in the mail, Bruce received a letter from the “Embassy Lottery Company of New York & London.” There was a check in the letter, drawn on the Presidio Bank in California against the account of a company called City Lights. Inc. The letter said Bruce had won a big prize.
Continue reading Smart About Money: Canton man saves himself from scam