Month: May 2014

Is A Dollar In The Hand Worth Two In The Bush?

Following a recent post describing twenty three weekend personal finance projects, a discussion emerged about whether some of the projects were cost-effective given the time investment. 1mil made the following comment: Wouldn’t it be more worth your time to do something that had the potential to get you more money than you are saving by …

Categories: Time Investment

Thinking Of Making A Banking Change? Here’s How To Compare Competing Bank Accounts

Recently, I’ve received emails from people asking me what I think of various checking accounts, such as ING’s Electric Orange or EverBank. I realized that time and time again I used the same criteria to compare various checking and savings accounts, and thus I thought I would share these criteria with you. I rank these …

Categories: Banking

Review: The Automatic Millionaire

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. The sensational title of this book is a big eye-cather when you see it on the shelf. In fact, this book was …

The HSBC Direct 6.00% APY Promotion

If you haven’t heard the news, HSBC Direct is running a promotion from January 29 to April 30, 2007. During that promotion, all new deposits earn 6.00% APY through April 30, 2007. Naturally, given my curious self, I couldn’t help but wonder how good of a deal this is, so I used a pretty standard …

Categories: Banking

Ten Tips For A Cheap And Memorable Super Bowl Party

Hosting a Super Bowl party this year (or thinking about it next year)? Here are some tips for making that party a bit easier on the ol’ pocketbook. Please note that there may be some pro-Colts bias in this post. Host it yourself. Don’t go out to a crowded sports bar – instead, invite people …

Financial Independence Week: The Dangers Of Damaging A Relationship

I wanted to finish up this week with what I felt was the biggest danger with financial independence. From my perspective, the biggest challenge that people on the cusp of financial independence face is the danger of a damaged relationship. Parents are afraid to let go, or push their children away roughly in an effort …

Twenty Three Ways To Improve Your Finances This Weekend

With the big weekend coming up, many of us are sitting around plotting all sorts of activities, both fun and not-so-fun. If you’re looking for something to do, here’s a checklist of twenty three things you can work on this weekend that will improve your finances. Each one you complete will pay long-term dividends for …

Categories: Getting Started

Financial Independence Week: The Dangers Of Financial Dependence

For many people, adulthood is a time to find your own path and walk alone, but some parents and children have difficulty breaking the financial ties that bind and the financial dependence continues well into traditional adulthood. This is a dangerous path, fraught with many challenges for both the parent and the child, some of …

The Automatic Millionaire: Buy or Don’t Buy?

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. I’ll be honest: if I had read The Automatic Millionaire before I read Smart Couples Finish Rich, my enjoyment of The Automatic …

The Simple Dollar Morning Roundup: Super Bowl Prediction Edition

My prediction? Indianapolis 38, Chicago 35. It’s going to be a scoring fest and come down to a final drive by Indianapolis. Check back on Monday to see how far off I was. Now, here’s some finance posts. Available: Single Guy, No Money, $50000 In Debt, But Pretends To Be Well Off. Takers? What’s more …

Categories: Morning Roundup

Do I Really Need To Talk To Chuck?

For the first time ever, my wife paid attention to an advertising campaign produced by a major brokerage firm. In this case, it was the nearly ubiquitous “Talk to Chuck” campaign for Charles Schwab, in which cartoon people discuss their financial needs to the camera. This particular spot showed a man concerned with having to …

Financial Independence Week: Paying For Your Own Education

College-age readers (and younger), this post is directly aimed at you. Paying for college isn’t easy, whether it’s you doing it or your parents covering it for you. Unless you were very lucky in the scholarship department, someone is facing a financial hardship from this: your parents, you, your future self, or maybe even someone …

Child Is Father To The Man: When Financially Stable Children Want To Help Their Parents Prepare For The Future

Several times during the ongoing discussion of financial independence on this site, readers have asked about how they, as young and financially stable professionals, can help their parents who have given them so much. Parents are often very uncomfortable about such situations, as they view it as a reversal of the parent-child relationship that they …

Financial Independence Week: Paying For Your Child’s Education

As a parent of a young child, I’m already struggling with the question of whether or not I should pay for my child’s post-secondary education, and how much I should pay for if I do. To put it simply, there is no easy answer to the question; if you were hoping to be told what …

The Automatic Millionaire: Make It Automatic

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. The remainder of the book finds Bach applying the “automatic pay yourself first” concept to various aspects of financial life: building an …

The Simple Dollar Morning Roundup: Sick Joe Joe Edition

My son is sick, so I’m spending the day at home with him. He has a high fever and is fairly fussy, but seems to be spending a lot of his time just dozing on the floor and occasionally playing with his rubber duck collection (which he adores). Meanwhile, I’m reading some financial news… What …

Categories: Morning Roundup