Ally Bank Accounts Fully Functional, But …

I just had an argument with the bank that doesn’t make me feel very comfortable.
When I opened Ally Bank accounts last week, I deposited only $1,000 in the 9-month No Penalty CD account. That’s just the initial deposit that I plan to add more to later after the account is set up (it doesn’t make [...]

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Ally Bank Accounts Fully Functional, But …

Wealth Creation: Is it a Myth?

“Can we really create wealth?”
That was a simple thought that popped in my head on the way to work yesterday. The “we” that I had in mind is the all the people in the earth collectively, not individuals. Surely, one individual can create wealth for him or herself. In Silicon Valley alone, [...]

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Bonus to Link Northwest and Delta Miles

Northwest and Delta are giving out bonus miles to link your Worldperks and SkyMiles accounts. Although, I’m not exactly sure how many miles you get!

Scott and I both got the same letter on the same date last month. His letter offered 1,000 bonus miles for linking his accounts; mine offered 500 bonus miles. All the other information in the letter is the same.

I did some searching in the Flyertalk forums, and it looks like the original offer was for 500 miles, but they’ve increased it to 1,000 now. Of course, since both our letters had the same date, I’m not sure.

To get the bonus miles, you need to link your accounts by July 31, 2009. Bonus miles will post to the account 4-6 weeks after the end of the promotion.

I’m pleased about the merger of the mileage accounts, since we have thousands of miles in our Worldperks accounts, but just a handful in our SkyMiles accounts. Now we just need somewhere to fly to…

Retirement

Credit

By the Numbers

And More!

Written by Madison


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Mortgage Pre-Approval When Buying a House

A mortgage pre-approval letter was very helpful for my wife and I when we started looking for houses about 8 months ago. My wife’s mom is a real estate agent, so she helped us every step of the way, but many agents won’t deal with buyers who aren’t pre-approved for a loan. They [...]

Common Q & A about Financial Coaching

I started coaching in a kind of unconventional way. A number of my friends knew I had an interest and a passion for personal finance and began to ask me for advice. Most of the advice they needed was extremely basic even though these were teachers, executives, and other well educated people.
When no [...]

Weekly Roundup: When You Were A Kid Edition

Short on time again this week as my company goes through its fiscal year end. It’s a busy time, which makes the days go by fast, but I’m finding out I don’t do 12-hour days as well as I used to! When not working I did manage to find a few great articles around [...]

Is The Economic Downturn Over?

Last time, I wrote about how we can predict inflation using a market index as an inflation indicator. For the chartists and other crystal ball readers out there, here’s something else for you: is there a way to predict when the economic downturn has ended?
Is The Economic Downturn Really Over?
Based on some [...]

Is The Economic Downturn Over?

there is no cost to good health

One of the things I come back to again and again in my conversations with family, friends and colleagues is that there is no way to waste money on good health. Organic food can be pricey. A gym membership can be expensive compared to working out at home. Vitamins or medications can be [...]

there is no cost to good health

Poll: How Are You Saving For Your Child’s Education?

If you have, or plan on having kids, how are you preparing for their education? College tuition continues to rise faster than the rate of inflation so parents need to plan ahead more than ever. How are you preparing to pay for their college education? Are you saving any money to help them out or [...]

About the Author: Jeremy is a retirement planning specialist and founder of Generation X Finance and the guide to Financial Planning at About.com. To learn more, follow Jeremy on Twitter.

Poll: How Are You Saving For Your Child’s Education?

Credit Report Disputes

One potential way to improve your credit score is to look through your credit reports for any misreported information, such as a late payment, and dispute your credit report. 
1) Start off by getting a copy of your free credit report and looking for any errors.
2) If you find anything, check to see if the mistake shows [...]

June 2009 Net Worth Update (+2.12%): Car Shopping Edition

Welcome to the Million Dollar Journey June 2009 Net Worth Update - The Car Shopping Edition.
With one of our cars already 8 years old, the repairs are starting to add up.  So we’re currently in the process of shopping for a good used car/compact SUV, preferably a late model that is off lease with low [...]

Department Store Credit Card Approvals Spark Celebration

Last weekend my wife and I took the kids to a local department store for a little back-to-school shopping a couple months early. I recently cashed in some very old credit card rewards from a card we paid off recently in exchange for a gift card to a well-known department store. Combined with a 30% [...]

How To Get Out of Debt With A Debt Repayment Plan

We’ve often talked about how to get rid of debt. But this time, we’d like to cover an actionable plan comprised of simple steps you can perform to fully eliminate your debt.
While some families I know can pay off their credit cards each month, most people I know maintain mortgages, car loans, credit card [...]

How To Get Out of Debt With A Debt Repayment Plan

A Look at OptionsHouse for Stocks and Options Trading

OptionsHouse first came to my attention in April when I compared online discount brokers for their commissions to trade stocks, mutual funds, and options. However, at that time I didn’t get much interest in the broker at that time because back then, the commission it charges was $4.95 per stock trade, which is the same [...]

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A Look at OptionsHouse for Stocks and Options Trading

Save Money on Glasses and Contact Lenses

I was cleaning my glasses the other day and like the butter fingers I am, dropped them. A lens popped out. I instantly thought, “Great, I’m going to have buy new glasses now.” (I should note that I’m new to the glass-wearing crowd.) I suddenly thought, “What would happen if these [...]

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Flashback: One Year Ago… June 2008

I had a blast checking out the archives last month, so I thought we’d make a reoccurring feature. It’s fun to see what was happening in the financial world a year ago.

Here were the most popular articles that were written in June 2008. Many of them still have a lot of relevance this year!

Popular in June 2008

  1. New Grads: 29 Money-Smart Tips
  2. 10 Financial Tips for New Grads
  3. 11 Fun & Frugal Summertime Activities
  4. How to Handle Irregular Paychecks
  5. We Sold My Car! What Worked and What Didn’t
  6. What is Credit Card Arbitrage?
  7. Small Business Problem: Advertiser Bounced a Check!
  8. Free FICO Scores & Credit Reports

Written by Madison


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Three Money Traps to Avoid

When money is tight, it’s tempting to turn to quick fixes but some of them can have lasting consequences for your money and your future. Obviously times are tough and many people are faced with decisions they thought they’d never have to make but here are three money traps to watch out for.
Cashing in your 401(k)
You [...]

Book Review and Giveaway: Happier

Today’s book review is a bit different than the typical book about finance, but just as relevant in my eyes.  A New York Times best seller, Happier - Learning the Secrets to Daily Joy and Lasting Fulfillment, is written by Tal Ben-Shahar who happens to be a Harvard Professor on Positive Psychology - and teaches [...]

How To Survive Being Laid Off

The following article contains condensed excerpts from $100K to Nothing - Layoff: My journey from a six figure income to the unemployment line in the worst economy of our time by Dan Holt. You can find out more about the book at www.100ktonothing.com.
Hi, I’m Dan and I’m unemployed. But it wasn’t always this way…I used [...]

Should You Get Identity Theft Protection?

We’ve discussed credit report monitoring services here before, which help you in a couple of ways. They can keep an eye on your credit standing by monitoring your credit reports: they’ll let you know if your credit has been affected in any way or if you’ve somehow become a victim of identity theft.

Sure, the [...]

Should You Get Identity Theft Protection?

ShareBuilder $25 Bonus Promotion Code

ShareBuilder isn’t the online discount broker that I would recommend.
Even though $4 per investment is quite low, the planned investment scheme itself lacks the flexibility if you want to invest at your own time, instead of a fixed day every month. In addition, the actual cost  of each investment can be rather high if only [...]

Original Post on The Sun’s Financial Diary

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ShareBuilder $25 Bonus Promotion Code

A New Day, A New Job

Today is my first day at this new job.
The job is from the second employer that I was interviewed a few weeks ago. It’s a division of  the same employer who offered my very first job 9 years ago and does business mostly with the government. I got offers from the first two employers rather [...]

Original Post on The Sun’s Financial Diary

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A New Day, A New Job

The Pros and Cons of Joining a Local Food Co-op

A Food Cooperative Has Some Benefits, but Not Always Financial Benefits
Everyone wants to eat better these days so the idea of local and organic food is quite popular. In some parts of the country your food may travel thousands of miles before it reaches your table, so it only makes sense that if you could [...]

About the Author: Jeremy is a retirement planning specialist and founder of Generation X Finance and the guide to Financial Planning at About.com. To learn more, follow Jeremy on Twitter.

The Pros and Cons of Joining a Local Food Co-op

Divorce and Your Money

Summer is wedding season and we’ve written about different ways you can save money on your wedding reception, wedding pictures, your honeymoon, wedding dress, and wedding planning.  Unfortunately, not all marriages last forever so here are some tips on dealing with the finances of divorce.
Find Experienced Divorce Advisors
All the advisors you use in the divorce [...]

12 Tasks for Your Mid Year Financial Checkup

When we reach the half way point of the year, I like to do a mid year financial checkup. Here are some tasks for this summer’s checkup; some from my list and some from readers.

Mid Year Financial Checkup

  1. Check Your Credit Report. Don’t forget to use your annual free credit report. In addition, if you want to see your score, you can get your Free FICO Score and Credit Report.
  2. Create a Debt Tracking System. Set up and use a debt tracking system to monitor one’s progress towards debt elimination. In many respects this is as important as updating one’s budget, especially for someone that revolves credit card balances from month to month. - DebtGoal
  3. Install Solar Energy. If you plan to use the Solar Energy Tax Credits, make plans soon to get quotes on solar panel installation and purchases.
  4. Evaluate Monthly Expenses. We found that we could save $14 a month by Switching from Satellite to Cable.
  5. Plan Now for Furlough Days. With many companies and state governments issuing furloughs for their employees, set aside some extra cash to cover it. My husband will have a few weeks of furlough coming up in the next two years, so we’re planning ahead by putting the equivalent amount of cash in an Etrade account.
  6. Buy a New House. You still have time to take advantage of the $8,000 First Time Home Buyer Tax Credit. If you are planning to use it, don’t miss the deadline. And check out the how you can use the tax credit for closing costs too.
  7. Review Your Insurance Needs. We recently switched our insurance. In addition to shopping rates, make sure that your coverage is still adequate to cover your exposure.
  8. Consider a Possible Job Loss. With the economy still struggling, make sure that you could financially handle a job loss. Review the checklist in Are You Ready to Lose Your Job?
  9. Evaluate Your Credit Cards. With so many changes in the credit card rewards world, it may be time to find a new card. You many want to check out the Schwab 2% Cash Back Credit Card or the Fidelity 2% Cash Back Credit Card.
  10. Monitor Cash Flow. I know a lot of business owners not only budget but also monitor their cash flow statement daily to see how they are progressing. I think it’s a great idea. - Josh Moore
  11. Review the Economic Stimulus Plan. Keep up with the economic stimulus plan, including various programs like the Making Home Affordable program and the Make Working Pay Tax Credit.
  12. Asset Allocation Updates. As always, a quarterly or mid year check in wouldn’t be complete without a reminder to rebalance your portfolio to your target asset allocation.

In addition, you can see last year’s Mid Year Checkup which included some extra ideas like setting aside money for the holidays, using your vacation time, and updating your beneficiaries.

Written by Madison


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