Credit Card Solution

Have you heard of the Earned Income Tax Credit? If you haventor if you have, but arent sure whether youre eligiblelisten up: every year, people miss out on free money by not claiming the EITC. The IRS is sponsoring the 6th annual EITC Awareness Day this Friday, January 27, 2012, so you can be sure youre not left out again.

The EITC is the largest federal benefit program for working people, but only 4 out of 5 eligible taxpayers claim their rightful EITC each year. That means that 20% of people who could be getting free money dont!

About 1/3 of the population able to claim the credit shifts every year, so just because you werent eligible last year doesnt mean you wont be this yearand vice versa.

Last years Awareness Day saw over 600 events, 15,000 assisted taxpayers and 57,000 people contacted via social media about the EITC.

Those who are married filing jointly and with 3 or more children are allowed the highest income bracket, $49,078 annually, to still qualify for the credit.

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In a study of 40 popular prepaid debit cards, NerdWallet found that the average card cost nearly $300 a year in basic fees – before considering activation, cancellation, paper statement and other costs. The single greatest charge tended to be the monthly fee, ranging up to $14.95, but $1-2 charges for transactions and ATM use could easily accumulate to over $20 a month.

• $297.51 a year with no direct deposit
• $286.18 a year with $1,000 in direct deposits
• $284.99 a year with $1,500 in direct deposits

• $8.35 average activation fee, levied by 23 cards
• $4.67 average inactivity fee, levied by 14 cards
• Cancellation, card replacement, ATM balance inquiry and decline fees, among others

Based on these numbers, it’s easy to see why prepaid debit is a booming industry. Unf

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One of the methods that they discuss is pay down the bills that have the highest interest rates. The other is to tackle the smallest bill first; once you pay that one off then you take that payment and put it on the the next smallest bill until eventually you get everything paid off.

Both ways are going to help you pay off your debt and they could be considered the fastest way to pay off debt.

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If you’re going to the Super Bowl XLVI in Indianapolis Feb. 5 to see the New York Giants and the New England Patriots in all their glory, chances are, you’re packing more than your toothbrush. You’re bringing along your credit cards. And so, always wanting to help out, I’m providing tips for using your credit card during your Super Bowl weekend, so your trip can go as smoothly as possible.

And if you’re a huge football fan and desperately want to go but can’t, then make my editors happy and read all of this, anyway, and just pretend that that you’re going to the Super Bowl. Yeah, pretend. It’ll be fun.

The Super Bowl and your credit card: What you need to know

Buying tickets: Chances are, if you’re going, you’ve already bought your tickets, but plenty of desperate fans are likely looking on Craigslist right now and considering buying them, or considering going with a scalper.

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