Credit seems to be the word on everyones mind lately. It seems to be the one thing that everyone wants, but no seems to be able to get…unless your AIG it seems! As for the rest of us, many people are worrying about finances in this shaky economy. Debt is a big issue these days, and unfortunately we have been living past our means for too long. With credit card companies targeting young people, personal debt has skyrocketed in past 20 years. A healthy stable economy built on solid foundations is key to a sustainable world, and it starts with getting rid of personal debt. If you have high credit card debt, now is the time to start thinking about working that debt down!
One way to do this is to consolidate your credit card debt onto one card with a lower interest rate. If you have a high interest rate card with a balance it is going to take years just to pay off the interest on your card. Now is the time to look for safer cards with better interest rates and more amicable contracts. There are many cards out there that offer great steady rates, and some even do good for the planet! The Working Assets card is one such card. This group donates a percentage from each purchase you make to support 50 non-profit organizations! How great is that? Not to mention it still offers the other benefits of other credit cards such as travel rewards, gift points, etc. While I am not sure about the interest rates on these cards, Discover has come out with a truly green credit card: a biodegradable credit card! So when you finally cut up and throw away that card, you don’t have to feel guilty about it sitting in landfill for thousands of years as a testament to consumer culture!
If you are like me you may be contemplating the tenacity of your banking institution. Many banks out there are not secure, and remember some have even shutdown and their customers lost their money! If you want a much more secure system to put your money into consider a credit union. However, you must meet certain criteria to join some credit unions. This can consist of being a member of a professional organization or being a member of a co-operative. Credit Unions offer lower interest rates, member perks, and they do not engage in high risk loans. So that means your money is more secure! Check this map for credit unions in your area.