Welcome to MoneyBasicsU

MoneyBasicsU is a personal finance magazine that empowers you to achieve your money lifestyle goals.  Learn the basics about money to make good financial decisions, and you’ll soon be on your way to a new life.

Personal Finance News

Should You Believe a Celebrity Endorsement?

Should You Believe a Celebrity Endorsement?

In a word, personal finances and the world of money are getting more complex by the day!  We all know this, but it was taken to a new level after doing some research on today’s topic – celebrity endorsements.  Is your purchasing behavior influenced by a celebrity endorsement?  Maybe, maybe not.  But, the Federal Trade […]

August 23, 2016 | By More
2015 National Financial Capability Study

2015 National Financial Capability Study

A characteristic of being a money smart consumer and financial leader is keeping on top of trends.  Let’s be honest here.  It can really be a challenge today to remain in step with the massive amount of news and micro/macro events that create or impact trends. The role of data is more important than ever […]

August 2, 2016 | By More
Millennials:  Gallup Report Shows Job Hopping Trend

Millennials: Gallup Report Shows Job Hopping Trend

Recently, I came across an article by Amy Adkins, a writer and editor at Gallup.  It provides a results overview of a Gallup report researching the work life of millennials.  To be specific, its focus is on the trend of millennials job hopping.  Of course, when we first glance at the statistics, one would think […]

July 26, 2016 | By More

Banking

Directors’ College Video Series – The Community Reinvestment Act

Directors’ College Video Series – The Community Reinvestment Act

Before you opt out of reading today’s Post, let me give you one reason you need to take five minutes to continue reading. The Community Reinvestment Act (CRA) was created to benefit you – the consumer and business owners.  Let’s be more specific and to the point.  The leading financial partner of money smart consumers […]

July 12, 2016 | By More
Should Banks Offer Financial Literacy for Small Business?

Should Banks Offer Financial Literacy for Small Business?

Some questions are easier to answer than others.  In today’s blog, we address the question, “Should banks offer financial literacy for small business?”  The answer is a resounding “yes.”  Why?  The main reason is that for small businesses, their first partner in their new venture is a bank.  It is also a mutually beneficial relationship. […]

June 7, 2016 | By More
Privacy Policy: Notice of Privacy Practices for Consumers

Privacy Policy: Notice of Privacy Practices for Consumers

What did you do with the last privacy notice you received from a financial institution or creditor?  I’m going to hazard a guess you glanced at it then proceeded to dump it in the trash bin or file it away.  I understand these privacy notices have a lot of small print and are as dry […]

May 17, 2016 | By More

Saving Tips & Ideas

Money Saving Tip:  Take the Time to Ask

Money Saving Tip: Take the Time to Ask

Most of us are always on the lookout for a money saving tip.  Today, we wanted to talk about a daily money life action that, over time, can save money to your budget in a big way.  I must admit, I’ve found the power of asking to be a valuable tactic, even when the savings […]

September 6, 2016 | By More
Store Rewards: A Lesson Learned About Saving

Store Rewards: A Lesson Learned About Saving

Have you ever received rewards for providing a retail store your email?  How about when you receive a certain amount of rewards as a cash value on your next purchase?  Store rewards can be a lot of fun to receive because they are free money.  But, if you’re not careful, it’s all too easy to […]

August 9, 2016 | By More
Simplify Your Life in Retirement: Downsize Your Home

Simplify Your Life in Retirement: Downsize Your Home

While reading the Business section of the Chicago Tribune last week, I came across Jane Bennett Clark’s article, “The surprising costs of downsizing your home.”  Although I am some years away from retirement, it’s a conversation I’ve heard from financial literacy colleagues and financial planners.  The recommendation is for soon retirees to consider the “simplify […]

April 26, 2016 | By More

Money Tips On the Web

Elder Abuse: Resources to Avoid Elder Financial Abuse

Elder Abuse: Resources to Avoid Elder Financial Abuse

There is an important question I want to ask you today.  Do you understand what is involved in elder financial abuse, senior scams, and elder fraud? All are various forms of the same thing – stealing from seniors!  Let me share the definition according to the website StopFraud.gov: “Elder fraud is an act targeting older […]

September 20, 2016 | By More
10 Ways to Get Organized at Home

10 Ways to Get Organized at Home

There is not one person reading today’s blog that doesn’t have a fast-paced, demanding schedule.  It takes a lot of organizing to keep on top of family, work, and a host of other activities on your daily checklist.  We all know that home life experiences follow you all day from the time you get up in […]

September 13, 2016 | By More
Money Saving Tip:  Take the Time to Ask

Money Saving Tip: Take the Time to Ask

Most of us are always on the lookout for a money saving tip.  Today, we wanted to talk about a daily money life action that, over time, can save money to your budget in a big way.  I must admit, I’ve found the power of asking to be a valuable tactic, even when the savings […]

September 6, 2016 | By More