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Going to college is a wonderful and memorable experience for all students. First of all, they finally get to learn about subjects they’re actually interested in, and second, this is the time of their life when they become independent and get to make decisions on their own. Some decisions are easy for them to make, like which party to attend, or choosing what and where to eat, or choosing how to decorate their dorm room. But every decision has its price, and being independent certainly is a lot more expensive than living with your parents. As much as college is all about the education and the experience, it’s also about the money and how to pay for all that it takes to finish your degree and to enjoy your free time. It’s also about become an independent, not only in the easy sense of the word, but also on the financial way.

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Tags: Students

Due to the damage caused by Hurricane Irene, the Internal Revenue Service (IRS) has announced it will extend the tax deadline for overseas bank accounts. The deadline, which applies to the Offshore Voluntary Disclosure Initiative (OVDI), has been moved to Sept. 9 after being moved from Aug. 31.

Money in Overseas Accounts Must Be Reported

U.S. taxpayers who have money deposited in overseas bank accounts must report their funds if their aggregate value tops $10,000 at any time during the calendar year. Often, however, taxpayers don’t realize they are required to disclosing these balances to the IRS.

It’s for this reason that the OVDI program was created.

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Tags: Hurricane Irene, Irene, Tax Deadline

For most average, hard-working and upstanding American citizens, thoughts of theft are far from their minds.  They simply do not spend much time trying to figure out how to steal anything, much less credit card information.  Unfortunately, there are criminals who do spend plenty of time coming up with ways to gain and use falsified credit card data.  Here are 4 of the different methods they use.

A warning to credit card holders: The U.S. government’s borrowing problems could soon become your borrowing problems.

Right now, in Washington, politicians are fighting over whether to raise the U.S. debt ceiling — which determines the amount of money that the nation can spend on its debt — above $14.3 trillion. If the debt ceiling isn’t increased, the United States won’t have enough money to pay all of its bills. That could result in a default on its financial obligations. A default could drive rating agencies (which assign a measurement of risk to debt issuers including the U.S. government, much like FICO does for consumers) to decide that the U.S. government bonds have become more risky, resulting in ratings downgrades for U.S. debt, also known as Treasuries.

In the President’s view, default would be a disaster. Full Post…

Tags: Card, Card Rates

Private sector lender South Indian Bank and TimesofMoney have entered into a deal so as to offer remittance facility to the NRI customers of the bank. TimesofMoney is amongst India’s leading online payment service providers.

As a result of this deal, NRIs from as many as 22 countries will be able to send funds to any bank in India.

Speaking on this partnership, Dr VA Joseph MD & CEO, South Indian Bank said, “We have partnered with TimesofMoney to provide NRIs a secure, efficient and cost effective way to send money to their beloved ones back home. With TimesofMoney’s expertise and understanding of the remittance market we hope to provide an unmatched experience to our NRI customers”.

“We are delighted to partner with South Indian Bank which is one of the prominent banks in South India. As per World Bank report 2010 with 11.3 million emigrants, India ranks as the top remittance receiver in the world estimated at US$ 55 billion p.a.

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Tags: Indian Bank, Remittance, South Indian, South Indian Bank