June 28, 2010

Comparing fixed-rate and adjustable-rate mortgages

The majority of Americans are homeowners, and many of them carry mortgages for much of their adult lives, if not all of it.  A mortgage is a loan that has a house as collateral, and it’s usually the biggest loan a family will take out. In this post, I’ll describe and compare two kinds of mortgages:  fixed-rate mortgages and adjustable-rate mortgages.  Hopefully this will help you […]

Historical Gas Prices: Recession Indicator?

I started bracing for the gas price increase that was most assuredly coming after the oil spill disaster in the Gulf many weeks back. But as I stopped at the gas pump just this morning, I noticed something very odd. Gas prices seem to be holding up pretty well; in fact it was $0.25 cheaper today than when I filled up not long ago. […]

Decluttering and Your Money

Connie writes in: You write a lot about how there’s a deep connection between less clutter and financial success.  I don’t get it at all.  I think the opposite is true because when you clear out a bunch of stuff you would just have the space for a lot more. This is an issue I’ve discussed to a certain extent in both of my books. […]

The First Million is the Hardest Million to Make

The following is an excerpt from Your Financial Playbook: A Guide to Navigating the World of Personal Finance. Why does the 1st million seem so difficult to make? It’s the principle of compound interest that makes the 1st million the hardest million that you will ever earn. […]

How to Add Linked Accounts to ING Direct

As I noted when I wrote about closing our HSBC Advance saving account, I’ve been trying to streamline our finances. As a part of this process, I’ve also decided to interlink our remaining accounts more effectively. As has been the case for years, the “hub” of our online banking system is ING Direct, so today I wanted to share the steps for linking additional accounts to ING. […]

Adding a Joint Account Holder at Ally Bank

When I opened my Ally Bank account, I set it up as a joint account because it would be easier to manage. While I manage the bulk of our finances, it’s always easier when there is more access because then anyone can make adjustments and changes as necessary. […]

What Does Frugal Living Mean to You?

Let me ask you this. If your friend recently bought a $1 million dollar house, is that an act of frugality? What if she could actually buy a house worth $10 million but decided to spend only 1/10 of what she could really afford? Does that change your answer? […]

Relative Income a Better Predictor of Happiness than Absolute Income

Here are some interesting findings from Stop Acting Rich: ...And Start Living Like A Real Millionaire regarding income and happiness: Professor Glenn Firebaugh is a leading authority on the influence that income has on happiness/satisfaction. Dr. Firebaugh has found that there is a significant correlation between income and overall satisfaction in life. […]

A Review of Perkstreet’s 5% Cash Back Debit Card and Checking Account

PerkStreet Financial, a company that launched just over a year ago has decided to kick things up a notch by offering something new in addition to their online checking account.Previously, PerkStreet enticed customers with a $50 cash bonus for signing up a new account, then 2% cash back on all non-PIN debit card purchases for 6 months and 1% on all purchases thereafter but now they’ve outdone thems […]

Poll: How Much Do You Spend on Utilities Each Month?

Utilities are a part of life for almost everyone. Whether you own or rent, you’re responsible for paying for utilities such as electricity, gas, water, sewer, etc. Granted, renters occasionally find leases where some or all utilities are included, but ultimately you’re still paying for them as they are tied into the monthly rent. […]

Reader Mailbag: Impromptu Travel

What’s inside? Here are five word summaries of the questions answered inside this mailbag. Click on the number to skip straight to that question. 1. Co-signing with bad credit father 2. How many people read TSD? 3. Removing stains from cloth diapers 4. Percentage for emergency fund 5. Personal loan for adoption 6. Gloom, doom, and e-funds 7. Difficult job search 8. […]

America's 10 Favorite Bosses

Link:  http://www.openforum.com/idea-hub/topics/managing/article/americas-10-favorite-b... ShareThisGlassdoor recently took a survey of employees of some of the most popular companies, asking workers what they thought of the way their bosses were running the company. […]

How to Cancel a Credit Card

In the last year, literature in personal finance focused a lot on financial defense like canceling a credit card. There was a lot of talk about credit, credit reports, and your credit score because it’s one of the cornerstones of the modern financial life, whether you like it or not. […]

Beyond Credit Card Debt

This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. I made my last credit card payment this week! That final payment ends more than ten years and $20,000 of credit card debt. Getting out of credit card debt is a familiar story to readers of Get Rich Slowly. […]

Death and (No) Taxes: The 2010 Estate Tax Loophole

In the United States, the estate tax is a tax imposed on the transfer of assets from a deceased individual to their heirs. […]

Eleven Miserly Guidelines to Saving Money

Here are the eleven miserly guidelines that are the core principles covered in Miserly Moms: Living Well on Less in a Tough Economy (remember, I profiled the author the other day): 1. Don't confuse frugality with depriving yourself.2. Remove little wasters of your money.3. Keep track of food prices.4. Don't buy everything at the same store.5. Buy in bulk whenever possible.6. […]