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Best Cash Back Credit Cards

Posted by Sun (13) Comment

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:

  1. I know exactly where my money went,
  2. I can get cash back for the money I have to spend.

Among more than two dozens of cards I own, four are in my wallet. They are the cards that I use the most to cover my everyday purchases, each for a different purpose:

  • Chase Freedom Card: At gas stations and grocery stores (3% cash back).
  • Costco TrueEarnings Card from American Express: At Costco (1% cash back) and restaurants (3% cash back) where AMEX is accepted. This card also has 3% rebates on gas, but not every gas station accepts AMEX.
  • Citi UPromise Card: Shop online through UPromise (rebate rates vary, but could be as high as 10% depending on merchants). The UPromise card allows me to earn 2% cash back at Exxon and Mobil stations.
  • Fidelity 529 College Rewards Card: Everywhere else (2% cash back). The new version of this card (from AMEX) only offers 1.5% cash back. Cash rebates will be invested in a Fidelity 529 plan.

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Popularity: unranked [?]

Coin Collectors: Here’s Your George Washington Presidential Dollar

Posted by Sun on November 20, 2006 (0) Comment

According to US Mint,

The United States is honoring our Nation’s Presidents by issuing $1 circulating coins featuring their images in the order that they served, beginning with Presidents Washington, Adams, Jefferson and Madison in 2007. The United States Mint will mint and issue four Presidential $1 coins per year, and each will have a reverse design featuring a striking rendition of the Statue of Liberty. These coins will have several features that are unique to United States circulating coinage.

I love the state quarters and have collected all those have been issued (not just state quarters, but all kinds of coins from different countries I can get). Since people don't use the dollar coin a lot, I guess it will be a little harder to get one as changes. But I can always change some the bank.

Popularity: 4% [?]

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“Should I Pay for My Boyfriend’s Insurance?”

Posted by Sun on November 20, 2006 (2) Comment

My boyfriend and I have lived together for 10 years (no kids), and we get along fine. Recently he found out I can add him to the health insurance I get from the company I work for part-time. He wants me to do this to save him money, but I don't want to. He owns our house and earns 10 times more than I do, and it's hard enough for me to feel independent without adding more entanglements. Am I wrong to say no?

This is a story in CNNMoney today. We have already seen a story before when another woman asked if she had to help pay her boyfriend's thirty-some-grand debt.

Of course, one distinct point of the woman in the story is that she depends on her boyfriend to give her shelter for the past 10 years. As the article said, "asking to be added to your health insurance policy strikes us as a reasonable request coming, as it does, from someone who's been providing you with a home."

Finally, the author of the article gave some advices for people who are "in bounds" and face the same dilemma of trying to be "independent" on one hand and relying their partner heavily on the other:

you're faced with two choices here: earn enough to be genuinely independent or accept the fact that you aren't. What you can't do, however, is take the position that your independence is compromised by the "entanglements" that benefit your partner (like the health insurance), but not by the ones that benefit you (like living rent-free).

If it was me, I don't think I can say No. After I had saved tens of thousands of rent money for 10 years, I don't really have the power to reject such a request, though it doesn't mean I have to do whatever my partner asked me to do simply because I relied so much on my partner. 

If you have this problem, what would be your answer? Yes or No?

Popularity: 4% [?]

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Lastest 4-Week T-Bill Rate at 5.243%, Highest of the Year

Posted by Sun on November 19, 2006 (0) Comment

The auction of last week's 4-week T-bill set the rate at the highest level of the year. Even without considering the equivalent taxable yield, the rate of 5.243% APR almost matches what GMAC bank has to offer (5.30% APY with $500 initial deposit). 

At 5.243% APR, the annual percentage yield (APY) is 5.37%. Since interestes earned from T-bill are exempted from state taxes, my equivalent taxable APY (EAPY), with 6.37% NJ state tax rate, is 5.74%.

To see what's your EAPY, click here. I also had a post on how to set up repeat purchase at TreasuryDirect and like your TreasuryDirect account with your high-yield savings account, such as HSBCDirect.

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Popularity: 10% [?]

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Local Gas Price Watch: First Increase in Months

Posted by Sun on November 19, 2006 (2) Comment

After staying at $.199/gallon for nearly 3 weeks, the gas prices at my local station saw first increase in months, back to above $2 again.

Last Friday, when I passed by the station that I always use to fill up my car, I noticed the price for one gallon regular gas was at $2.03, up four cents from the day before. To me, there isn't any valid argument for the increase as the crude oil price was still below $60 a barrel. And we don't have any natural disaster or damage to the oil facilities.

Will it be as some people speculated last month that the oil price would start to go up after the election? I certainly hope that's not the case, but who knows. It can come down so quickly with no apparent reason, it could go up rapidly before we realize it as well. 

Popularity: 3% [?]

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