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Carnival of Personal Finance – Financial Armageddon Edition

My post titled, “Nursing Home Expenses are Deductible” was chosen for this week’s Carnival of Personal Finance, Financial Armageddon Edition, found at Master Your Card.  Here are some choice articles:

  • Destroy Debt explains the Difference between Chapter 7 and Chapter 11 Bankruptcy HERE.  Great introduction for those that want tax info made simple.  There are also Chapter 13 Bankruptcies – Wiki has a primer on it HERE
  • Financial Wellness Program quickly goes over his - 5 things she/he wants to do when she/he is debt free HERE.  I would have liked some more detail but it has me thinking! 
  • The Wisdom Journal discusses the return of layaway HERE.  With the ease of online banking and high yield savings accounts, why do layaway when you can save on your own and not incur fees? 

The whole carinval is great! Take a look.  Thanks again Master your Card.

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Advantages of Using a Prepaid Credit Card

There are many benefits to using a prepaid credit card.  A prepaid credit, also known as a secured credit card  is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.”

Continue reading Why Use a Prepaid Credit Card?