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Author Archives: Glasses or Contacts

How The Biggest Banks Are Copying The Fintech Industry

Fintech companies represent a niche industry at the peak of innovation, quick to respond and adapt to ever-changing needs of their customers. They’re leading the way with ground-breaking money management apps, online lending options, and mobile wallet opportunities. Trailing behind them are conventional retail banks, stalled by outdated banking models. These financial giants have a choice. They can remain unchanged and continue to offer traditional services to an increasingly frustrated consumer base, or they can follow in fintech’s footsteps. Many of them are choosingthe second option, as it’s the only these financial stalwarts can remain relevant in an increasingly digital age. Though they may be slow and cumbersome in comparison, here are three ways the biggest banks are copying the fintech industry. Money management apps By far the most popular money management app on the web, Mint has over 20 million users. The app was a trailblazer in 2007, and it remains a huge force within the financial world today. It’s a mobile budgeting app that offers an easy way to track expenses by synching up with users’ banking accounts. Though a leader within the industry, it’s not alone. Joined by countless others, including Spendee and YNAB, Mint represents consumers’ ...

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Renters Need Excellent Credit Scores to be Approved for An Apartment

As a renter, you’re probably aware that credit score plays a major part in the renting game and your main concern should be to keep it in top-notch shape. If you’re planning to move to another city, the recent study published by apartment search website RENTCafé shows the average credit scores of renters in different U.S. cities, as well as the average rent that you would be paying. While the national average credit score of rental applicants was 650 in 2017, Georgians who were approved to rent Atlanta apartments had an average score of 664. When it comes to high credit scores though, Atlanta is only 16th on the list. Check out the top 10 cities with the highest approved average credit scores for renting: Boston leads with the highest average credit score of approved applicants Boston renters approved for an apartment had an average credit score of 737, the highest among the 50 largest U.S. cities. As for the average rent, Bostonians pay about $3,232/month. If you live in San Francisco, CA or plan to move there, you’ll need a very high credit score. San Fran applicants approved for an apartment had an average score of 724. Renting in ...

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Debt Watch: 4 Things that Credit Card Companies Don’t Want You to Know

Credit card commercials and other marketing efforts are full of happy people getting more out of life — and that’s fine. But there’s also a different and darker side to signing up for a credit card: one that credit card companies don’t like publicizing on TV and across posters and banners, since it’s certainly not to their advantage.   However, Eyes On The Dollar is all about educating and informing consumers so they can make safe, smart financial decisions rather than heading down the wrong road that leads to debt, and in some cases, bankruptcy.   As such, here are four eye-opening things that credit card companies really don’t want you to know — but that you certainly need to understand:   Your interest rate can — and almost certainly will — change without your approval.   Credit card companies don’t politely ask you if it’s OK that your interest rate will rise. Instead, they unilaterally increase it, and send you a letter letting you know (which they wouldn’t do if it wasn’t legally required).   A single late payment can hike your APR across all credit cards.   Being late with a single payment can hike your APR — ...

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5 Tips for Planning Your Weekend on a Budget

Getting out and enjoying yourself is key to maintaining a healthy lifestyle. Indeed, working long hours can prove massively detrimental to your health. So it’s never been more important for people to get out and enjoy themselves when they do have free time. The good news is, you can plan a stellar weekend out without breaking the bank. Just follow these five simple tips and you’ll be well on your way to having the time of your life –– while staying on budget:   Seek out Deals and Dives   Sometimes the best places to spend an evening out aren’t easy to find. Fortunately, you can scour the dives and tucked-away gems to find spots with the best specials without having to drive around town for hours. Instead, a cursory search on Facebook or another social media platform will likely yield a few solid –– and economical –– options to indulge in right in your own backyard!   Creative Exercise   It’s easy for even the most health-conscious people to get bored with their workout routine from time to time. Note that you can utilize your weekend free time to plan a new type of workout. Invite friends, go to ...

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Tips on How You Can Get the Cheapest Car Insurance Possible

Car insurance is a cost which can be quite frustrating, not only is this a legal obligation for all drivers, but if you pay it for a year and nothing bad happens, it can leave you slightly annoyed. With this being said, if something bad does happen, you will be thanking your lucky stars that insurance exists. The key to reducing the frustration is to ensure that you get auto insurance which fits your needs, and the cheapest price possible. In order to do this, here are some useful tips on getting the best price when shopping for auto insurance. Try Not To Get Sucked In We often have a notion that one particular insurer is cheaper than the others, because of the volume of money which they invest into their marketing strategies. A highly marketed company may be the best option, but you shouldn’t assume so just because you know who they are. The best way to get your car insurance at the best price is to shop around and use comparison sites to see who is really cheapest.  Going Local? If you see a local insurance agent, they may appear as though they aren’t a good option for ...

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