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Archive for the 'Saving and Investing' Category

Parents Gift to their Children Parents have an important role in teaching their children about money. There is nothing wrong with actually asking a youngster to do a little chore to earn his or her allowance. Later why not teach them the idea of saving a little each week until they have enough to buy [...]

I love Christmas, with the glistening lights and fallen snow blanketing everything. Cookies and gingerbread houses. Eggnog and hearty laughs with family over delicious spreads of food. Rampant consumerism, however, is not very kind to my wallet. So here are some frugal ways I will be celebrating Christmas and ushering in the New Year without [...]

Finances are an interesting conundrum. In order to eventually reach financial prosperity, one must (ironically) consciously focus a great deal of energy and efforts on their finances in the beginning of their journey through frugality, savings and investing. Doing so wisely allows one greater financial freedom that they desire for the future. I thought it [...]

During the conclusion of an outlandish year, it seemed appropriate to escort in the New Year with a leap second, added to atomic clocks worldwide at 23:59:60 to compensate for slowing in the Earth’s rotation and prolonging 2008 for a precious moment longer – which you may not be aware of if you’re just waking [...]

… and whatever you do, for God’s sake, don’t think!! (because we do the thinking for you.) Love, Ben Bernanke, Federal Reserve Chairman of a Central Bank Henry Paulson, US Treasury Secretary and former Chairman and Chief Executive of Goldman Sachs =^..^=

The FDIC Deposit Insurance fund is “a myth,” according to longtime banking consultant Bert Ely, and consumers may end up paying the price of what is expected to be a growing wave of bank failures. Concerns Mount About FDIC Deposit Fund Global Financial Newswires July 18, 2008 NYU Economics Professor Nouriel Roubini predicts that Congress will [...]

Shelter Your Financial Savings and Eliminate Exposure to Risk I pulled the bulk of my money out of my savings account months ago when interest rates started plummeting. My goal right now is actually two-fold; to preserve my current savings through diversification (such as foreign currency and commodity investments), and to aggressively pay down my [...]

“There’s quicksand all around us,” says 87-year old veteran investment advisor Charles Allmon. “We’re in an economy that’s tanking, we’re looking at the most significant economic downturn since the 1930s, and the dollar is going to hell.” New Threat: The ‘Obama’ Market The Sun June 30, 2008 Mr. Allmon has been in the stock market [...]

A financial update. Oh baby, how far we’ve come While rummaging through some older posts here on Broke-Ass, I stumbled across a lot of stuff I’d forgotten about. A post from last year showed how I’d gone from $0 in savings in January 2007 to $1,000 in savings four months later (see Surviving Paycheck to Paycheck? You [...]

In The Current Turbulent Economy and Financial Sectors, What Gives? I’ve become somewhat of a CNBC junkie lately, which has resulted in some pretty bizarre sleeping patterns. It’s not unusual to catch me propped up on my pillows at 4am, munching on some Cheerios and sneaking in an hour or two of ”Worldwide Exchange”. Month after month I’ve held my breath [...]

Lillian Snow makes her debut Early this morning, an itty bitty pink ball of mucous was lifted from her sheltered pod and let out an enormous squall. Lillian Snow scrunched open her eyes for the first time, as an exhausted Daddy stared in disbelief at his new glistening daughter. After more than 18 hours of [...]

A Great Start to April! I was thrilled to discover yesterday that I’ve reached one of my first financial goals earlier than expected (see My 2007 Goals for Financial Prosperity.) Thanks to diligently socking away between 10-15% of my paycheck and through receiving a portion of my tax refund, (thanks to a free tax prep [...]

Here are current rates of some online savings accounts, as of February 24, 2007. iGObanking 5.30% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily) Grandyielddirect 5.27% APY ($1 to open, no minimum fees, FDIC insured, compounded daily) E*Trade 5.05% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily) [...]

Strategic Planning and Foresight Can Go A Long Way Although I’m currently burdened with car and student loans, this year I’ve decided to juggle my income between paying off my debts, saving for myself and investing toward the future. Therefore my financial goals for 2007 are to establish a small emergency savings and begin funding [...]

Here are current rates of some online savings accounts, as of January 23, 2007. iGObanking    5.30% APY ($1 to open, no minimum, no fees, FDIC insured, compounded daily) Grandyielddirect 5.27% APY ($1 to open, no minimum fees, FDIC insured, compounded daily) E*Trade    5.05% APY ($1 to open, no minimum, no fees, FDIC insured, [...]

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