Memorial Weekend Roundup @ PF Bloggers

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photo credit: maxedaperture

I took a bit of a hiatus this week to attend to some personal issues but my fellow PF Bloggers have been busy cranking out great articles. Here are a few snippets for you to check out, read the rest at PF Bloggers or via the links provided.

Creating a Financial Emergency Plan @ MasterYourCard

1) Figure out where you can make money.

2) Figure out where to make money if you are not able bodied.

3) Start saving – a lot.

4) Pay down those debts.

5) Get some Credit – just in case.

6) Work it out on paper.

To Pre-Nup or Not? @ Get Rich Or Die Trying

First, because of the staggering amounts of student loans people are borrowing.

Second, to protect any assets you might have before marriage.

Third, in case you have a large inheritance.

Fourth, with the delay in marriage, perhaps you had children with someone else before and now are a single parent.

To see if the person you’re with would really sign it and is with you for more than the money.

Dreaming Big: The Luxury Credit Cards @ Master Your Card

The American Express Centurion card has a nickname — the black card – and it is currently the hottest status symbol in plastic. The titanium it’s made out of gives it a nice heft and makes a satisfying noise when it hits the counter at the checkout. The big deal is that cardholders are not subject to credit limits –

The Bank of America APR Accolades card promises similar luxury to the black card. There is a credit limit – a mere $500,000 – but the annual fee of $295 can be refunded for VIP cardholders….

The Citigroup Chairman American Express card also has a personal concierge service…

The Merrill Lynch + card has limits of up to $250,000….

The Stratus Rewards Visa

The Coutts & Co.’s World card

Are credit cards the next financial crisis? @ Pinching Chopper

Minimum payments bring maximum pain

….Simply put, there is no way you can pay off a credit card balance just by making minimum payments. Which leads us to our next problem.

Mounting balances
….Many Americans are finding themselves struggling to even make the minimum payments on their cards each month. And the balance on those cards grows each and every month with bill payments, gas purchases, and finance charges.

Maxed out credit

…With their credit cards maxed out, and their home equity lines of credit cut off, their easy credit is gone.

Have a safe and party harty Memorial Day Weekend!!!