Start an Emergency Fund or Pay Down Credit Card Debt
This question is familiar to most consumers. It typically occurs each month when the credit card statements arrive. According to TransUnion the average credit card holder owes just over $5000. And credit cards have relatively high interest rates, currently about 13% to 15.4% APR according to Bankrate.com. So it would save money to pay this debt down as fast as possible, right? Wouldn't that be more important than saving a small "rainy day" or emergency fund? Not necessarily. Here's why.
Watch Out for WhatsApp Scams
Fake WhatsApp emails state that you have a new voice message. The link in the message takes you to a malicious website that tries to get you to download malware. The type of malware depends on the device you use to visit the site — mobile devices, PCs, Mac. Don't click on the link, even if you are a WhatsApp user. WhatsApp doesn't send voice mail notifications by email.
Gen Y with Will
Will You Make These Money Mistakes?
You would never deliberately throw away money, right? But most of us do, without even thinking. Saving money is a lot easier than making money! Stop making these mistakes and shovel money back into your pocket, where it belongs.
Who's Fighting For You?
Learn right here about consumer groups that tackle consumer issues for you. Each month, we'll feature a different group.
This month's featured consumer group:
he Center for Digital Democracy (CDD) is dedicated to ensuring that the public interest is a fundamental part of the new digital communications landscape. From open broadband networks, to free or low-cost universal Internet access, to diverse ownership of new media outlets, to privacy and other consumer safeguards, CDD works to promote an electronic media system that fosters democratic expression and human rights.