Budgeting can be a simple and straightforward process. It can also be a rewarding experience for all family members. But, it takes interest and commitment. Here are seven steps to help you create a successful budget.
Month: April 2011
There is a lot of confusion in the market about choosing an energy supplier other than BGE. You may have even seen the recent television commercials put out by BGE encouraging consumers to look on their web site for your energy choices.
No matter who you choose to provide your gas and/or electricity, BGE will still service you. Your bill still comes from them and they still maintain the gas lines and electric lines.
We strongly urge you to look at these alternative suppliers and try to save yourself a little bit of money. Destinations Credit Union has formed an alliance with Viridian Energy to offer service to our members. I recently switched my personal BGE account and saved $34 the first month.
Destinations is always looking for ways to help our members financially. We offer many discount services through these alliances. In most cases, it’s a win-win situation. You get to save a little money through these services and we earn a small revenue stream when you use the services (which ultimately benefits you since we are not-for-profit and owned by you, our members!).
Store Branded Debit Cards
When you sign up for one of these cards, the card is issued by the retailer’s financial institution, not your financial institution. The purchases with these cards are sent as an electronic debit to your checking account at your financial institution.
Therefore, if an unauthorized debit comes through to your checking account, you must go back to the retailer and deal with their financial institution to straighten out the problem. Since you have no relationship with that financial institution, this may be a difficult and complex process.
- Be aware that the cards do not function in the same way as the debit cards from your financial institution
- Make sure to read and understand the contract – know your responsibilities
- Understand how you will need to dispute unauthorized transactions and the complexities involved in that
- Notify your financial institution when there is an unauthorized debit
Please comment if you have had experience with these types of cards, or let us know if you find the information useful. We appreciate your feedback!