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Money in the News: Exposed Salaries, Financial Innovations, Side Hustling, Credit without Credit Cards posted a story about the new database that exposes the 2011 Federal Workers Salaries and bonuses.

We found some workers averaged bonuses as much as ten times higher than workers at other federal agencies…

… estimates the databank covers about 70% of federal workers, but Department of Defense, White House, Congress, CIA, FBI, and some other agencies are excluded. lists 10 really neat financial innovations.

Even consumers who don’t consider themselves money-savvy may be seduced by the eye-catching simplicity, undeniable usefulness, or fun gamification elements of these innovations. Plus, you stand to save money, better your financial profile, and make your life easier without ever having to learn how to balance a checkbook (thank goodness). posts about their discovery and development of their first real side hustle.

We’ve been doing this for 3 1/2 years, holding one class per month. In the first two and a half years, we taught about 80 people what they needed to know to legally carry a gun. Last year, it exploded. By March, we had made more money than we made in all of 2009. The rest of the year rocked just as hard. We turned ourselves into one of the top 10 training organizations by volume, among a field of 200 competing agencies. posts how to build up your credit without a credit card.

1. CD Loans
Do you have some money held in a CD at a bank? You might be able to “borrow” the money and help your credit in the process.

In short, you are borrowing money from yourself. The bank uses your CD as collateral and loans you the money. Typically the rates are low since you are essentially assuming all the risk – i.e. borrowing $2k from a $2k CD.

Not every bank and credit union offers these, so you may have to hunt around. When you find one that does, make sure they actually report your loan to the credit bureaus (otherwise it will be pointless for building credit). posts 12 steps to recover your credit in 2012.

1. Pay down your credit cards
Even though paying down loans like a student loan or a car loan can help improve your financial situation, paying down high credit card balances will have the greatest impact on your credit score. Give your credit score a boost by keeping your credit card charges at no more than 30 percent of your available credit limits. If you open a new line of credit, try to keep that usage down below 10 percent.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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