5 Financial tips for the first week of May 2012
News from Online News Today:

Here are the 5 financial tips for the first week of May 2012

Tip no 1 – Avoid taking out an auto loan or payday loan for making money fast. These are cash traps.

Auto loans are secured loans, meaning you pledge your car as the collateral against the loan. If the loans remain unpaid due to financial hardship, then you’ll have to hand over your car to the lender. It will create additional stress upon you. It’ll become problematic to commute to your office or college every day.

Payday loans come up with very high interests. The interest rates can be as high as 750%. It’ll become very difficult for you to pay off these loans. You’ll get entrapped into the payday loan debt cycle very soon.

Tip no 2 – As a newlywed couple, you can fix a meeting with a qualified financial professional to discuss your financial goals.

Your responsibility becomes double after getting married. Now, you have look after your spouse along with yourself. Set up an appointment with a financial professional to carry your responsibility with full vigor. Discuss the financial issues with the professional and learn the tactics to manage money. The professional can help you devise strategies…………… continues on Online News Today

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Harry Gross returns with more than a few tips
News from Philadelphia Inquirer:

Hey, we goofed, OK? When we cut out Harry Gross’ column last July but insisted “remaining true to our populist roots as the People’s Paper,” most of you begged to differ. One reader asked, “Have you people lost your mind?” while another asked, “How is a horoscope column more important to readers than Mr. Gross’ column?”

The good news is that some mistakes can be corrected. So we’re thrilled to announce the return of our personal-finance columnist.

IT’S GREAT to be back!

Through many years of teaching, writing and lecturing, I have come across or invented many aphorisms that apply to financial situations. Here’s an abbreviated list. Enjoy.

The only way to get ahead financially is to live beneath your means.

If it sounds too good too be true, IT IS too good to be true.

Don’t put all your money in one basket, no matter how good the basket.

The man who passes on without life insurance does not die. He absconds.

Disability insurance is the most undersold product in the insurance industry.

Never use a credit card unless you can pay the balance in full during the grace period.

If the whole world goes to pot, gold will open doors.

Don’t give it all away during your lifetime.

When a parent gives money to a child, both smile. When a child gives money to a parent, both cry.

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