The Simple Dollar Morning Roundup: Republican Apocalypse Edition

Welcome to a Democratic-controlled Congress, folks (assuming, of course, that the recounts hold firm with the current results, but we should know this very shortly)!  The next two years, I predict, will see a lot of presidential vetoes; if the Democrats play this right, the White House is theirs for the taking in two years.  Are we ready for 2008 yet? I predict… President Barack Obama. Enough with political prognostication, let’s see what’s out there in the personal finance blogosphere…

Investor Psychology Contest: Make A Guess, Win A $20 Prize Spin the wheel, make a deal. It’s an interesting topic that is being spun into a very luck-based contest. I think that guessing on the future health of the Dow, though, is a good indicator of the beliefs of the investor. (@ the sun’s financial diary)

Dollar Coins Here’s the simple reason why dollar coins will never happen in the United States: large companies don’t really want them as there is no incentive for them to retro-fit. In the United Kingdom, where the one pound coin is wonderfully designed and easy to find in the pocket, almost every machine has a wide slot to accept the fatter coin. To introduce a similarly-designed coin in the United States (a smaller, fatter quarter with very deep ridges on the edge) would require the redesign of countless devices all over the country. It’s much easier for those companies to go “Bah, it’s not worth the investment” and then the citizens reject the dollar coin because they can’t use it anywhere. (@ my open wallet)

Tips For Reining In The Holidays This article got me to thinking about Christmas when I was a kid. My parents usually only gave each child two or three presents, but they were stellar ones that stuck with us for years. Even then, I would rather have had one awesome present that cost $150 than ten mediocre presents that might add up to a greater cost. My most memorable Christmas was the year I received my Nintendo – and I’m fairly sure the only other gift I received that year from my parents was a baseball glove. If you’re hesitant to buy that one expensive item someone really wants and are considering getting them multiple items instead, go for the expensive one – the memory of that one great present will long outweigh the forgotten gifts you gave them. (@ all things financial)

Vishing: The New Credit Card Scam Again, anyone who falls for this is violating fundamental rule number one: don’t trust anyone who contacts you first. If some guy calls you and asks for your social security number, would you give it to him? What if he said he was from your bank? Should that make any difference at all? If you’re worried about it, initiate the contact yourself. Problem solved. (@ credit card blog)

You Can Learn A Lot From A Rich Girl When I first read the headline, I made some serious assumptions about what I was going to read when I clicked that link. I was pleasantly surprised, however, to find out that it was solid financial advice, not some tawdry tale of lust. (@ violent acres)

Back to the Budget Dark Ages The painful thing here is that this person’s problem isn’t with the budget itself or with Quicken, it’s with an addiction to buying things. Consumerism is an evil, evil entity, seducing you with clever marketing and tricking you into buying over and over again, until you find yourself without any money in your pockets and a bunch of stuff you don’t really need. Quicken isn’t the problem, Madison Avenue is. (@ tired but happy)

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One thought on “The Simple Dollar Morning Roundup: Republican Apocalypse Edition

  1. Nick says:

    Nice job predicting the outcome of the election two years early!

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