It's that time of year to start thinking about planning a vacation, but you better think twice before paying for it with your credit card! Leanna Haakons, Founder of Black Hawk Financial, and Author of "Young, Fun and Financially Free" joins Your Cheddar to discuss how credit card debt can impact your life and where to find vacations for a discount.
Haakons explains that credit cards are a great tool to build your credit, collect points, and more...but only if you're paying off the entire balance every month. Once you get stuck with a high balance, interest rates accumulate daily and it's a hard hole to get out of. A great tip from Haakons is to set up a "set it and forget it" account to save up for vacations down the line.
So how can you have fun without breaking the bank? Haakons suggests following local bloggers who track flights and vacation packages out of your local airport. Or, you could download a coupon finder, like Honey, onto your internet browser to automatically search for discounts on any website you browse.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
