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Wednesday
Aug 20th

Business

Banks collect overdraft opt-ins through misleading marketing

CRL survey finds low opt-in rate, high number of misconceptions

Banks use scare tactics and other misleading practices to persuade consumers to opt into high-cost overdraft programs for debit card purchases, a new CRL survey finds. Even so, the survey finds, most consumers choose not to opt in. The survey results contradict claims that consumers overwhelmingly want to sign up to pay nearly $35 on average each time they overdraw their checking account by a small amount with their debit card.

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Why saving money matters - tips for saving

Why saving money matters - tips for savingThere is a great amount of attention being paid to saving money these days. It’s no surprise following a stormy economic downturn that caught many Americans with too much debt and not enough money in their rainy day funds. Saving is surely something banks are thinking about as more and more customers say, “I wish I could save more.”

Saving money is important for a number of reasons, not the least of which is because it helps build a financial safety net for life’s unexpected changes. Loss of a job or a surprise addition to the family can send families scrambling to figure out how they are going to make ends meet.
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A good stretch after a long nap

A good stretch after a long napGetting anywhere in life and in work requires movement.  Sometimes we walk, sometimes we run, sometimes we’re pushed in a new direction by people or circumstances.  Occasionally, we stretch. 

Stretch.  An unnatural movement, shifting from one pose into another, often quite different, position.  A good stretch after a long nap is the most liberating feeling.  A professional stretch after a long, comfortable career nap is sometimes uncomfortable, but always rewarding.
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Get lost: Working passion into your workday

Get lost:  Working passion into your workdayYou know the look: Einsteinlike hair, wild eyes that light up like Zelda.  Passion.  You know the feeling:  a deep and irrational drive to participate or perform for the sake of participating or performing.  No carrot, no reward; just doing it because it feels to your core like the absolute right thing to spend time on.

Many people trudge through every workday, just getting by until they can get out and do something that matters personally, something interesting.  Getting paid is a good reason to work, I get that.  But what if it didn’t suck?  What if you could incorporate some of that passion into your business-as-usual?
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Federal internship program seeks applicants

The Minority Access National Internship Program is offering PAID internships to talented undergraduate and graduate students who want to experience the diversity and scope of career opportunities available in the federal government and other participating entities.

Available only to African Americans, Native Americans, Hispanic Americans, and Asian Americans, the program provides students with the opportunity to merge academic theory with practical application in the workplace.
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No one reads the cover letter (and other HR secrets)

No one reads the cover letter (and other HR secrets)HR Secret #1:  People who hire people for a living are practical.  They will eventually get around to scrutinizing your application, but at first they will glance over the cover letter, open the resume, and never again will the two documents appear side by side.  You will sweat over the details of your vast successes, but these are your words.  As your resume is passed around, the people you want to work for will use it and your interviews to form their own impressions. 
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Financial Literacy Month creates opportunities to talk to children about money

April is National Financial Literacy Month, a time to increase our knowledge about personal financial education. It’s a perfect time for parents to begin teaching their children about finances. 

A 2008 survey by The Hartford Financial Services Group reported that nearly 72 percent of the parents surveyed acknowledged that they are their children's primary source of personal finance education, although 44 percent said they need more guidance on how to best teach their children the skills necessary to become financially responsible and successful adults. A 2008 Parents and Money survey by Charles Schwab showed that nearly 70 percent of parents surveyed felt less prepared to give their teens advice about investing than they did about sex.
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