Find articles from current/past issues. Find articles from current/past issues.
AARP Segunda Juventud - Welcome
Welcome!englishespañol
Find articles from current/past issues.
Home
games
food
presence
rx drugs
Social Security
trends
health
finance
travel
sports
entertainment
contact us
AARP Segunda Juventud Reader Services
AARP en español
AARP Puerto Rico

 

ADVERTISEMENT

 



Illustration: Ingo Fast 

Saving Graces

By Theodore Fischer
June/July 2006

Special Report: Get Smart with Your Money

stash the cash (febrero/marzo 2005)

drowning in plastic debt (primavera 2003)

Spending to save may seem contradictory, but that’s what some charge card companies are encouraging. This could prove a valuable strategy for the nearly 20 million Latinos who don’t have bank accounts, but watch for hidden risks. 

Bank of America’s Keep the Change program, for example, rounds up every Visa debit card purchase to the nearest dollar and transfers the difference from your checking to savings account. For every purchase made with its Savings Accelerator card, American Express contributes 1 percent into a savings account.

Beware, though, of costs that offset any savings: transaction and account charges, annual fees, and interest and finance penalties if you don’t pay off your monthly bill.


Return to Top


 
 
 
Subscribe
Sign up for the free AARP Segunda Juventud.org eNewsletter
Get the Magazine
Not an AARP member? Join now and start receiving AARP Segunda Juventud magazine at home, plus other great benefits.
Join now »

Already an AARP member? Click here to start receiving AARP Segunda Juventud magazine in your home.

 

 

 


ADVERTISEMENT


www.aarp.org | contact us | privacy policy
copyright 2008, AARP. All rights reserved.