As I've mentioned before, I read a lot of personal finance blogs. In the last few weeks, I've seen a lot of people say that since has dropped their interest rate, they're moving their money somewhere else. From a mathematical standpoint, that makes some sense. I mean, if you can get an extra half a percent on your savings account, and it's fairly ( Read more... )

From the Get Rich Slowly blog, I found the following list of questions to use on yourself to avoid impulse buying ( Read more... )

Although my favorite tv show is still Big Bang Theory, there's another monday night sitcom that has to get honorable mention, "Worst Week." It's like a serialized version of Meet the Parents on steroids. The main character, Sam, just has everything that can possibly go wrong, go horribly wrong. Some of the episodes are not as inspired as others, ( Read more... )

Although it is my desire to create a book that is useful to people of all ages, I am especially hoping to reach young people, who are just beginning their financial journey. Habits we establish when first we enter the working world will make all the difference when we reach major financial milestones in our lives, such as marriage, buying our first ( Read more... )

One of the things that most financial planners will do when you first get started is to have you fill out a survey that determines your risk tolerance, so they can see what sort of investments they can put you in. If your risk tolerance is low, they'll recommend money market funds, t-bills, bond funds. If your risk tolerance is high, then you get a ( Read more... )

One thing from the debates - Biden mentioned several times that as a result of the Bush administration, people out there are hurting, they're worse off than they were when it started. Ok, am I the only person out there that doesn't feel this way? I'm far better off today financially than I was eight years ago. To be fair, however, I was also in ( Read more... )

Went on a bit of a rant this morning about those "poor" people who are losing their homes to foreclosures during the "meltdown." First, there are probably some of them who, through no real fault of their own - possibly a job loss or illness - are losing their homes. But those sorts of things just happen during good times and bad, so they're not the ( Read more... )

I can recall, over the last thirty or so years, having seen a book on my Mom's bookshelves in the living room called How to Profit from the Coming Devaluation. Forget the author's name, but it was written in 1970. Not so coincidentally, Mom pulled it off the shelves and brought it along last weekend, and I found myself browsing through it a bit, ( Read more... )

I mentioned the other day that my financial planner, Paul, had come up with a way to get some previously uninsured folks their health insurance at basically zero cost to them. The devil is in the details. For a long time now, the day care at our church has wanted to provide health coverage to the people working there. The day care couldn't afford ( Read more... )

I was reading a post the other morning on Free Money Finance, and the author was talking about their pastor proposing a biblically based budget of Give 10%, Save 10% and live on 80% of your income ( Read more... )