Contributing Editors

Will New Consumer Protection Laws Affect the Way You Budget for Self Storage?

by Tony Gonzalez August 24, 2010 11:57 PM
Self storage is like any other monthly expense. Once you sign your monthly lease, you must add the expense of the storage unit to the other expenses in your monthly budget. Some self storage tenants have their monthly rent automatically withdrawn from their checking accounts. Others have the rent taken as an automatic withdrawal from their credit card accounts. Still others prefer to stop by and pay for each month in person, or receive an invoice each month and send the check by mail. Which method is best for your budget? Last week, new credit card regulations went into effect, and experts are advising consumers to avoid adding new expenses to their credit card debts if they can. In April 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act will also take effect. When it does, banking fees are expected to shoot up. Banks are trying to attract consumers to open new accounts now, when they can offer a better deal. But some financial analysts have begun to recommend using prepaid cards in place of both credit and debit cards. [More]

Don’t Plan on Financing Your Move with a Payday Loan

by Tony Gonzalez July 27, 2010 2:03 PM
Moving can be expensive, when you factor in the cost of movers, taking time off work, and, if you are downsizing or trying to sell a house, putting some possessions into self storage. Despite the expense, if you have to go into debt to pay for all your moving expenses, it is better to find a way to do so without taking out a payday loan. Payday lenders tend to charge exorbitant interest rates. Even a credit card will charge a lower -- MUCH lower -- interest rate than a payday loan will. A better way to finance the self storage side of your move is to go to a self storage company that offers the first month free. Or, if you are a student, are retired, or are a veteran or an active member of the military, try going to a self storage company that offers discounts to students, retirees, veterans, or military families. You may be able to find movers that will offer discounts, as well. [More]