Accumulating wealth is like building The Great Wall, one brick at a time
Category: Personal financeBy Sun on May 12, 2008 in Credit cards, Personal finance | 3 Comments
I am a credit card person. Wherever possible, I use credit cards to pay for my purchases. To me, credit cards are my friend, not foe. The reasons for me to favor credit cards over debit cards or cash are twofold:
I know exactly where my money went,
I can get cash back for the money I […]
By Sun on May 9, 2008 in Banking, Personal finance | 10 Comments
It has been more than four months since I last updated my little interest rates table. During this four-month period, the rate picture of online banks has changed a lot, going down 5% something to mostly in the neighbourhood of 3% APY, as the Fed cut interest rates every time they met. However, the latest […]
By Sun on May 6, 2008 in Banking, Personal finance | 3 Comments
In a sign that interest rates may stop falling and start rising, E-Trade Financial sent me an email this afternoon with a surprising update: Start May 8, they will increase the interest rate of their Complete Savings Account from the current 3.01% APY to 3.15% APY, though the Fed has cut interest rates by another […]
By Sun on May 6, 2008 in Personal finance | 5 Comments
Back in February, the U.S. Postal Service announced that the postage for one-ounce first-class mail will go up by 1 cent to 42 cents next Monday, May 12th, so does the price for a Forever stamp.
When the stamp was first introduced in 2007, I didn’t buy any extra other than the booklet of 20 when […]
By Sun on May 3, 2008 in Personal finance | 3 Comments
With the economic stimulus checks coming out earlier than originally scheduled, some may have already received their payments. Though I haven’t got my check yet (filed paper return on April 14th could mean a long delay), I did wonder whether I have to pay taxes for the “found money”. So I searched around a […]
By Sun on Apr 29, 2008 in Personal finance | 3 Comments
If you do, then what’s the reason for you to budget?
I don’t and I don’t know whether that’s a problem for me or not.
There were several years in the 90s when I wrote every penny I spent in notebooks, not to better plan how to spend my money next month, but to know where […]
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