Living for today - Planning for Tomorrow
I realized a long time ago that the various types of media companies out there really weren’t very good at helping me be financially successful. It seemed that each article I read contradicted the previous article and you could pretty much find any article to tell you anything you wanted to hear. I guess it was a long slow process that I lost confidence in
I’ve been watching from the sidelines as many of my friends and family talk about the latest deals on Groupon and Living Social. I haven’t jumped on board yet and really don’t see myself becoming a consumer of the sites. My reluctance to join these sites stems from my belief that something is only a good deal if you actually need it, or REALLY want
Yesterday, my daughter went to the store with my wife to find a birthday present for my nephew. My daughter made sure to take her little money box with her in case she saw something that she wanted. She keeps her allowance in an old plastic mayonnaise container that we had in the cupboard. Anyway, I dropped them off and ran to another store while
Check out this article. Bank of America is raising their checking account fee to $12 a month unless you have direct deposit set up with a minimum deposit of $250. If that won’t work for you, you can keep a minimum of at least $1500 in your account for every day of the month (which you’ll get very little interest on). My favorite part of
Leroy Fick from Saginaw Michigan won a $2 million lottery in 2010. While this sounds great, somehow Leroy is still receiving food stamps to help put food on his table. Why? Well, Leroy took the lump sump payout, bought a new house and a car and then invested the rest. Since his income is based on the amount of investment income he’s receiving from the
NBC has an article about whether those technology buy back programs that companies like Best Buy offer are worth it. My opinion is that they are not. As the article points out, the terms are clearly stacked in their favor and you have to jump through a number of hoops to be successful. I won’t go in to the mathematics (because I’m not smart enough)
A good friend (and neighbor) and I have been talking about our retirement strategies and plans for years. It usually consists of us standing around in the street in front of our houses comparing approaches and percentages in various accounts. Don has been a great saver for much of his life. Both he and his wife have worked during their marriage and I have found
Have I ever mentioned how much I love the Onion? http://www.theonion.com/articles/the-economist-to-halt-production-for-month-to-let,20090/ LONDON—World-renowned news and opinion magazine The Economist announced plans to suspend any new online and print content for the next month in an effort to finally allow subscribers a chance to catch up.
Am I the only one that finds the latest HTC smart phones very sexy? Just one more thing that can cause us to part with our money! I better just stick to my Iphone and blow my money on the monthly service charges: http://www.engadget.com/2011/04/15/htc-sensation-versus-the-rest-of-the-dual-core-world-smartphone/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+weblogsinc%2Fengadget+%28Engadget%29
I took a quick look at the CNN net worth calculator and pulled out some examples of the median net worth of various ages. I’ll list the averages for a couple different scenarios but you can certainly go use the tool and see how your specific numbers stack up. I’m going to use some pretty standard age ranges for this comparison. Under 25, 25-34, 35-44,
