August was definitely an eventful month, so we’ve compiled the most interesting stories from Go Banking Rates and around the web, just in case you missed them:
The good news is that the U.S. economy is still tops around the world. The bad news is China is gaining fast. Can the U.S. fend off the growing power from the east? Perhaps Wall Street reform will allow consumers to feel safe to spend again.
One industry seeing a resurgence is the auto industry. If you’re one of the many shoppers looking for a new car, do your homework and determine if you’re better off leasing or buying. If you’re buying, make sure your credit score is in tip-top shape.
However, everyone knows too many inquiries can hurt your overall number, so what if it were possible to shop around for the best auto loan rates and other types of credit without harming your credit score? It is actually possible if you know how to do it.
Thinking about opening a savings account? STOP! Be sure you ask a banker these 5 questions before you make your next move. For those of you who have savings accounts already, hopefully you’ve built up a nice reserve.
Lastly, be sure to check out our Personal Finance Group Writing Project. If you want to submit an article, do so before the September 7th deadline. You’re also encouraged to come by regularly and vote for your favorite writer. New entrants are updated on a daily basis so check back often.
Summer’s almost over, so be sure to grab that last glass of lemonade…and the lessons that come with it.
Around the Web:
Why isn’t your money earning more? Blame the economy. [Get Rich Slowly]
Transferring your credit card balance into accounts with lower APR used to be a great way to buy time while paying off debt. That may not be the case anymore with some cards. [Bargaineering]
Nap time: It’s not just for kids anymore. [Bloomberg Businessweek]
Who buys used underwear? Apparently some people do. [Moolanomy]
If you’re having a hard time finding work, you might want to consider relocating to one of these states. [Yahoo! Finance]
How to avoid letting car dealerships con you. [The Consumerist]
A feel-good story…unless you’re rich. [CNNMoney]
Timeshare gimmicks with CD rates? If it’s too good to be true, chances are… [My Money Blog]
College is what you make of it. If you’re majoring in liberal arts, don’t expect to make Wall Street money. [Cash Money Life]
We were included in two carnivals this past week! You can read Top 3 Reasons Why Housing Won’t Recover in Carnival of Money Stories #69: Summer Vacation Edition and view our latest infographic, Personal Finance Lessons from Super Mario, in Carnival of Personal Finance #272 Yogi Berra Edition!