Keep Your Finances Healthy in Just 10 Minutes a Day

(05/14/2010) Healthy adults should engage in at least two and a half hours of exercise a week (or 30 minutes a day, 5 days a week) to stay healthy (Source: Centers for Disease Control and Prevention).  Likewise, in less than 10 minutes a day, you can keep your finances healthy by using online resources to monitor rates on loans, deposits, and credit cards.

Regularly check sites like as ERATE.com that have tables that aggregate rate information from various financial institutions and display them on a single table for fast, efficient comparison shopping.  Not only can you see what offers are available, but it is also easy to sort by various features.  For instance, if you are looking for a new credit card, you can sort the offers by features such as rate, introductory period, annual fee, or late fee.  Using this sorting capability can make finding the right banking product for you a breeze.

Just like going to the doctor for routine check-ups, it is important to shop for rates regularly to ensure your current banking products are still doing well.  A rate that may have been competitive in the past may not be the best rate available currently.  Being money savvy and checking rate tables every day can help keep excess debt at bay!

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