Lessons | Credit Card Topics

What Is a Credit Card Utilization Rate?

By: John Ulzheimer, 6/11/2019

The world of credit is filled with countless terms and acronyms that you probably will not hear in normal conversation. One such term you’re likely to come across when reading about credit scores is “credit card utilization rate” or, more formally, “revolving utilization ratio.” For the purposes of this article, let’s agree to refer to it as your utilization ratio. Although utilization ratio may sound confusing on the surface, it’s actually not at all difficult to... read more »

The BusyKid App Helps Parents Teach the Value of Work and How to Manage Money

By: Adam West, 5/29/2019

In a Nutshell: Today's kids tend to experience money as plastic, not as physical cash, which makes it harder to teach them that money must be earned and managed for the future. The BusyKid app is fixing that. BusyKid lets parents assign chores to their children and compensate them every week as if they were receiving a paycheck, automatically allocating portions of the funds for saving, sharing, and spending. BusyKid is a convenient way for parents to teach their children to manage... read more »

6 Smart Money Moves for Couples

By: Andrea Woroch, 11/27/2018

Money and romance don’t always mesh. In fact, fights over finances are often the main cause of tension in a partnership and can lead to resentment and breakups. Considering most people find managing their own personal finances stressful, it’s no surprise that throwing another person into the mix can make things more emotional and complicated. In fact, a survey on relationships and personal finances from LendEdu found that around 50% of individuals reported finances to be the... read more »

RBC and ACCES Prepare Immigrants for Employment and Financial Success in Canada

By: Ashley Dull, 8/16/2018

In a Nutshell: Canada is currently a top destination for employment for a globally mobile workforce. But newcomers may discover finding a job to be a bigger challenge than they may have assumed based on the employment gaps. Longtime partners Royal Bank of Canada and ACCES Employment have announced a new webinar series to help new immigrants to the country prepare for the job hunt — and for life in Canada. The interactive events will educate newcomers before and after their arrival,... read more »

Best-Selling Author Randy Gage Helps Entrepreneurs Unleash Their Critical Thinking by Looking Toward Future Trends in Business and Finance

By: Ray FitzGerald, 6/5/2018

In a Nutshell: Everyone has heard a good rags-to-riches story, but Randy Gage actually lived one. Jailed at 15 for armed robbery, Gage managed to turn his life around over the next four decades while studying the proven principles of prosperity. Today, he shares his knowledge through his best-selling books, public speaking engagements, YouTube channel, and podcast. His latest book, "Mad Genius," is a manifesto for entrepreneurs on how to unleash their creative genius and critical... read more »

The Council for Economic Education Provides Resources to US K-12 Teachers that Aim to Raise Student Financial Literacy

By: Ray FitzGerald, 1/10/2018

In a Nutshell: Only 43% of 12th-grade students tested at or above proficient on the 2017 National Assessment of Educational Progress (NAEP) economics assessment. That startling lack of financial literacy among young adults is one of the reasons the Council for Economic Education (CEE) exists. CEE was founded shortly after World War II and has spent nearly seven decades providing US K-12 teachers with professional development opportunities and classroom resources designed to help... read more »

From Games and Comics to Financial Literacy Guides, Visa’s Practical Money Skills Program Educates Canadians of All Ages

By: Kristine Crane, 11/15/2017

In a Nutshell: Taking advantage of modern technology, popular credit card network, Visa, is working to make learning about money more accessible and interactive. With its Practical Money Skills program, Visa offers a range of financial education resources designed to motivate and inspire, from adult-geared guides and tools for key topics, including budgeting and mortgages, to its child-friendly comics and video games, like FIFA World Cup™ Financial Soccer and Peter Pig’s Money... read more »

Transcendental Meditation May Help Reduce Impulse Spending and Promote Healthier Financial Habits and Lives

By: Mike Randall, 11/14/2017

In a Nutshell: Everyone knows stress can kill, but it can also leave your finances on life support when tension turns to impulse shopping. Practitioners of Transcendental Meditation (TM) have long touted the technique's health benefits, which include lower blood pressure and reduced stress, anger, and anxiety. Founded by the director and writer known for "Twin Peaks" and "The Elephant Man," the David Lynch Foundation is a non-profit organization working to bring TM programs to... read more »

Star One Credit Union’s ‘Using Credit Cards Wisely’ Educational Workshops and Podcasts Primes Consumers for Good Credit Habits

By: Kristine Crane, 10/11/2017

In a Nutshell: Credit cards are valuable tools in building your credit profile, however common traps exist that can allow these pieces of plastic to damage your financial reputation. To further the cause of financial literacy education among members and non-members alike, Silicon Valley-based Star One Credit Union partnered with nonprofit BALANCE in 2013 to offer a series of free workshops and podcasts that cover the essentials of personal finance and how to choose credit cards... read more »

Valley National Bank’s Free Educational Seminars Lead to Better Financial Decisions

By: Mike Randall, 9/21/2017

In a Nutshell: Valley National Bank takes an active role in the communities it serves, which include areas of New Jersey, metropolitan New York, and Florida. This means recognizing the special banking and financial needs within each area — and striving to meet those needs. As a part of this commitment, Valley offers free financial education events and seminars aimed at helping residents make more informed financial decisions on topics like personal finance, building good credit, and... read more »

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