As a big fan of buying in bulk, I’m a card-carrying member of the only warehouse club within thirty miles of my home, Sam’s Club (there’s a CostCo about thirty miles away, but it’s really inconvenient to go there). As I go there on a weekly basis, I thought it might be interesting to write a bit of a travelogue of what a trip to Sam’s Club is like for me and my family. I usually go on late Saturday …

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As I’ve mentioned before, I am rather timid when it comes to investment risk. I am very very wary about letting others have control of my money, especially when there’s a chance they could lose some of it. Yet I continued to see the astounding rates of return of many mutual funds, and as I slowly watched excess money build up in my emergency fund, I finally decided I needed to do something with it that exceeded even ING’s stellar …

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I’ve been weighing the positives and negatives of ING’s new Electric Orange checking account, which is now available to some existing ING Direct customers and will be available to everyone in a few months. Rather than repeating what’s already been said, I encourage you to read this fine summary of Electric Orange at The Sun’s Financial Diary. The Positives The Interest For any balance, Electric Orange offers a 3.00% APY interest rate. This means while money is sitting in your …

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Before you even start to write, you need to think carefully about who you’re writing for. If you don’t know exactly who you’re writing for, you’re not writing for anyone and not many people will visit you. Take The Simple Dollar, for example. When I was thinking about how to start the site, I began to develop a demographic of who would be reading the site, and here’s what I came up with: The average reader of The Simple Dollar …

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I have a problem. I have a sweet tooth that sometimes runs rampant over all rational sense. I especially love ice cream, particularly well-made ice cream that melts smoothly on your tongue… mmm. If I didn’t have to worry about my health or my wallet, I’d probably eat a pint of Haagen-Dazs or Ben and Jerry’s every night, but that’s a lot of sugar and fat I don’t need and a lot of money spent that I don’t need to …

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I sat down for my monthly financial review recently to see what sort of progress I’d made in the last month. I generally break things down by evaluating my assets, my debts, and then my net worth, and then using these numbers, I attempt to set goals for the coming month. This is a useful exercise for everyone to do, simply so they can keep tabs on their overall assets. Let’s break it down. Assets My assets increased in value …

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Make Your Kid A Millionaire is a guide for parents who are thinking about investing for their child’s future, whether it be for their education, for buying a home, for making their life easier, or even for their retirement. The book attempts to address children of all ages, but works hard to convince people to start early so the power of compound interest works in their favor. The language of the book is very conversational, making it an easy read. …

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It’s an oft-repeated statement, but it’s true: your blog will only succeed if you really love what you’re writing about. Without that passion for the subject at hand, it is basically impossible to maintain any level of discipline with your writing; whenever something else comes up or you simply fall into the doldrums, you’ll stop writing and then your readers will stop reading and then, well, you might as well just start over. When I think of passion and blogging, …

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I recently read a fascinating article about the art of thrift shopping for clothes in, of all places, The New Yorker. In their style issue, no less – an issue that regularly talks about buying $3,000 handbags and five digit shopping sprees as though they were an everyday occurrence. The article, entitled Rag Time, focuses on a chain of discount clothing stores in Nova Scotia called Guy’s Frenchy’s. The store is about as laid back as you can imagine, where …

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Recently, I received a fresh new laptop from Dell. Upon receiving it, I did the traditional “installation of Windows from scratch” on it to remove a lot of the garbage that is preinstalled on Dells. Then I got really busy installing tons of great software that takes care of pretty much every software need I have. Not only was all of the software free, every piece of it was open source, which means that the code is peer-reviewed; no spyware …

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