Money Tips Network

I’m going to start off in a strange place for an article on The Simple Dollar. I’m going to talk about professional basketball. Please, bear with me; there’s a very key point to where I’m going with this. (Also, if you’re an NBA fan, be aware that I’m simplifying a few aspects of this story to keep it from turning into many, many pages of text.)

In 2013, the Philadelphia 76ers, an NBA team, hired Sam Hinkie to be their general manager. A general manager’s job is to decide what players are going to play on the team. They decide what trades to make, what players coming out of college to add to the team, what players to sign to contracts, and so on.

Theoretically, the goal of a general manager is to use those moves to put the best team on the floor this year or, maybe, try to get players that will be good in a year or two. They want fans to come to the arena and have fun watching their team win, and they want to sell some jerseys of their best players.

While it may sound like semantics, the terms credit report and credit file describe two very different things in the world of consumer credit.

You don’t necessarily need to understand the difference between the two to earn good credit — but, on the other hand, knowledge is power. The more you understand about your credit (what’s in your credit reports, how they are scored), the better equipped you’ll be to achieve and maintain great credit — which can pay you financial dividends for decades.

Many people like to splurge on designer clothing, fancy houses, or flashy cars.

Valentine's Day is once again fast approaching. People in relationships are saving up to treat their partner to something special. And for those seeking romance, it's a great opportunity to drop a few hints with a card and candy.

Welcome to Wise Bread's Best Money Tips Roundup!

Link for teaser title: 

http://www.wisebread.com/bestdeals/today

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MSN gives some details on how much the average 40-year-old has saved.

The summary:

Among U.S. households headed by someone aged 44 to 49, the average retirement savings balance is $81,347, according to the Economic Policy Institute. But while that number may not seem all that bad, it's also a bit misleading. A small number of wealthier people who are financially able to set aside very large amounts can easily pull an average up. And in fact, they do. If we take a look at the median retirement savings balance -- signifying that half of these households have more saved, and half have less -- it's just $6,200. And what this tells us is that there are far more 40-something families whose nest eggs are below the average than above it.

Yikes! The median is $6,200???? That is totally pathetic!

If you fly with airlines often or stay at any of the large chain hotels, you've probably heard all about rewards programs.

Let's face it: No one wants to get sick or be in pain in a strange place. For this reason, going to the hospital can be an unpleasant experience.