The Sun's Financial Diary

Well, Ally Bank, a division of GMAC Financial which recently received the third round of bailout from the government, is expanding its business, adding Ally Bank Interest Checking Account to its product line that already includes high-yield online savings account and CDs (regular CDs and 9-Month No Penalty CD). The checking account currently offers two [...]

Listen to almost every politician and you’ll likely hear a similar theme coming from their mouths – lower taxes. And why not? Telling taxpayers that you’re going to lower their tax bill is how you win elections.
But there’s a stark reality that America is facing right now. The low tax rates that [...]

The reasons behind stockpiling items at home are clear: savings and convenience. Only problem is, finding where in the world to stash it all and how exactly to go about doing it.
Chances are if you could really benefit from the savings that stockpiling can offer, than storage space is likely an issue. It has been [...]

The Capitalist Curriculum gives online personal finance courses that are among the most Comprehensive on the web.
They start from the very foundations of basic economics, explaining important concepts such as the Time Value of Money and Return on Investment in an easy to understand way. These concepts are then applied to debt, mortgages, and [...]

The name “529” has become synonymous with college saving since the account was created back in 2001. It’s become so synonymous that many people will likely assume that the 529 is the only account out there geared specifically towards saving for college. Not only is it not the only college savings account out [...]

When we moved from New Jersey to Virginia last September, we had to make a lot of changes after settling down in the new place. Among the first things I did was updating our new address with banks, credit card issuers, and mutual fund companies. This didn’t take too much time because all can be [...]

Economic times are tough for everyone. From soaring prices and unemployment, it seems the only thing you can really expect is the unexpected. It makes good sense to create a financial safety net for yourself that you can depend on when tough times come your way.
If you’re sitting back in your seat thinking I’m going [...]

This weekend you and hundreds of millions of others made a list of New Year’s resolutions. On this list you vowed to eat better, exercise more, and spend less money. Ironically, the first thing that many people do after resolving to spend less money is … go out and spend a bunch of money to [...]

If you are looking for a better place to park your hard earned cash, you will probably be disappointed when you see current savings account interest rates. Since I started tracking savings account rates early last year, the general trend is down, coming all the way from 4% APY to mostly below 2% in just [...]

Ah, a new year, and another chance to set new goals including those of the financial sort. I have spent the final few months of 2009 crafting and creating a financial program for 2010, and now I’m excited to share it with you. This 12-step financial program does not promise overnight success, but it will [...]