The Sun's Financial Diary

Credit card companies are downgrading their rewards programs. Chase Freedom Card is the latest card reducing its cash back rewards. Nowadays, good credit cards with generous rewards (relatively speaking of course) are rare. And good cards can go bad, as the Citi Dividend Platinum Card did a while ago. That’s what happened to Chase Freedom [...]

Are you using Discover cards? If you are, then you can get up to $50 bonus when you shop with your Discover More card this holiday season if you spend $500 or more in the first three months(if you don’t have one, you can use this link to get one). I have discussed this card [...]

It’s November and it’s time for Kiplinger’s Best List. In the November issue of Kiplinger’s Personal Finance, the magazine published its annual list of what it considers the best items related to personal finance, such as best savings account, student loan, retirement tool, and cashback credit card, etc. After going through the entire list, I [...]

Banks want your money and in order to get your money, they will pay you! E-Loan just launched its own version of high-yield online savings account call E-Loan Savings Plus . To promote the new product, E-Loan is offering a $25 bonus for a new account from now till December 18th. The Savings Plus has [...]

If you have most of your savings in the stock markets, you won’t be happy with what’s going on now on the Wall Street. Nobody will. Somehow, I become numb to the daily closing numbers because what happened today isn’t much different from yesterday, last week, or even a month ago, and try not to [...]

I opened a 529 college savings account for our second daughter last year four months after she was born. After some research, I decided to use Ohio CollegeAdvantage 529 Savings Plan because of the selections of investments (mostly Vanguard index funds) and the plan’s low cost. Since then I have been making  contributions to the [...]

So far I have talked about best cashback credit cards and credit cards with good gas rewards. Another category that I haven’t touched is cards with travel rewards. The reason for leaving out travel cards is that I don’t travel much, so there’s little chance I can get the maximum benefits from using travel cards [...]

Insurance can effectively help you in protecting yourself and your family from the future losses. In today’s world everyday you face so many risks. Insurance can minimize the potential risks like risk of being disabled due to an accident, risk of death, risk of property damage and so on. In order to secure your future [...]