“I Am An Investor”
Well, that’s not exactly what I said, but I found that a piece by Knight Kiplinger, the Editor in Chief of Kiplinger’s Personal Finance, in the June issue of the magazine says a lot about what an investor should do in this stormy economic environment. Mr. Kiplinger isn’t as well known as legendary investors such [...]
Recession Survival Guide
As prices for consumer goods increase and more people are finding themselves without a job or at risk of being laid off, there are a number of things you can do to try and salvage your credit score and make it through the recession. Saving money even during hard times is a necessity, you [...]
Online Savings Account Interest Rates History
For those who have been following this blog long enough, you know I spent quite a lot of time updating interest rates of popular online banks. I even have a table listing the latest interest rates and a Best Online Savings Account Deals page to help track where the good deals are. While keeping the [...]
UPromise eCoupons Help You Save Money and Save for College
Are you using UPromise?
UPromise recently (as far as I know) introduced a new program called eCoupon that allows participants to save money when shopping at local grocery stops and, at the same time, get college savings.
How this program works is like this:
If you don’t have a UPromise account, get one.
Register your grocery shopping cards at [...]
Money-Market Funds May not Be As Safe As You Think
Yesterday, another piece of big news was that The Reserve Primary Fund (RFIXX) announced it cut the money-market fund’s net asset value (NAV) to 97 cents from $1.00, a news that surprised and shocked many, especially those invest in the fund (CNBC). The reason the fund decided to reduce the NAV by 3 cents, also [...]
Protect Yourself and Your Money Against Bank Failures
“Regardless of the health of your bank or condition of the overall economy … returns are never high enough to justify the exposure of uninsured deposits.”
This is a quote from an article appeared on The Wall Street Journal online yesterday. Very true, isn’t it?
As more and more banks failed amid this sub-prime mortgage credit crisis [...]
WT Direct and Emigrant Direct Interest Rate Update
Just a quick update.
Two more banks raised their rates today. Emigrant Direct American Dream Savings Account is now at 3.00% APY with no fees and no minimum. I used to use Emigrant Direct when they were among a few banks that paid highest interest rate. Not any more. Even at 3.00%, they are still in [...]
Did You Splurge?
So the economy is pretty bad and families are struggling to make ends meet, but many people still splurged.
Last week, HSBC Direct released a consumer survey of 1,000 U.S. households on their spending in June. The results show that, despite the financial hardship caused by the economy, more than 40% of the respondents admitted that [...]
