Archive for May, 2009

Weekend Linkage – May 31, 2009

It was a rare, gorgeous day yesterday, so we took the kids to a nearby farm to pick our own strawberry, the first time ever for us. Too bad that we didn’t know the hours of the farm before leaving home in the afternoon. When we arrived, we were told that we only had less [...]

Original Post on The Sun’s Financial Diary

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Weekend Linkage – May 31, 2009

Good Business In A Bad Economy? Grow Your Business In A Recession

Good Business In A Bad Economy?
Are there businesses that thrive during an economic recession? Definitely. I believe you can run a small business even in time of crisis. With the right amount of luck, planning and hard work, you can find business success and see your venture do well even in the [...]

Good Business In A Bad Economy? Grow Your Business In A Recession

Good Business In A Bad Economy? Grow Your Business In A Recession

Good Business In A Bad Economy?
Are there businesses that thrive during an economic recession? Definitely. I believe you can run a small business even in time of crisis. With the right amount of luck, planning and hard work, you can find business success and see your venture do well even in the [...]

Good Business In A Bad Economy? Grow Your Business In A Recession

Floating on CloudFront 9 (and Some Personal Finance Links)

You may have noticed that I didn’t write a lot of content this past week. Like many, I took a mini-sabbatical. During this time, I was researching ways that I could make reading this website more enjoyable. For too long I’ve been neglectful of the performance of this website. I’ve been [...]

Last Day For CollegeAdvantage Free Money (and Some Personal Finance Links)

Today (May 31st) is the last day to claim your $25 in free money for setting up CollegeAdvantage account. This is that very rare opportunity where a company is paying you to secure your future. I explained why CollegeAdvantage’s 529 Plan is great before or you can just take my word and sign [...]

Angies List Review

Angies List reviews of local contractors are written by consumers who share their positive and negative experiences on a range of home improvement services.  Angie’s List members submit ratings of contractors they’ve worked with; such as plumbers, electricians, painters, and roofers.
Angies List Trial
I first tried out Angies List when a co-worker let me login to [...]

What Would You Do If You Lost Your Job?

Losing your job is a big financial setback for multiple reasons. Not only do you lose a source of income but often times multiple benefits as well. For example, I have disability insurance, health insurance, dental insurance, and life insurance through my employer’s plan that I’d have to re-evaluate if I was let [...]

Credit Score Tips You Need To Know

Your credit score is probably one of the most frequently used and misunderstood numbers in your life. Trying to figure out how to improve your credit score can be frustrating, in fact, there’s enough information about credit scores to fill a whole book!
Liz Pulliam Weston shares a little about the updated version of her [...]

Review Of Lending Club Progress

A few months ago I decided to give social lending at Lending Club a try (my Lending Club review). I was intrigued by Lending Club’s business model, and having a little experience on the other side of the loan officer’s table, I thought maybe I could score a decent return.  Here are a few updates [...]

Balance Transfer Credit Card Tips, Facts and Traps

I’m one of those people who doesn’t want to carry debt but appreciates the use of credit cards (especially cash back credit cards). For those who are carrying a balance on their cards and are interested in how to pay off credit card debt more efficiently, one popular strategy is to find ways to [...]

Balance Transfer Credit Card Tips, Facts and Traps

Family Summer Vacations, Not Another Staycation

For the last couple years now the idea of going on a summer “staycation,” not a vacation, has been all the rage. Bloggers across the frugal landscape touted the financial benefits of staying put, becoming a tourist in your own town, or spending a week working around the house. I even wrote a couple posts [...]

Credit Cards That Let You Invest Cash Back

I have heard some rumors that Chase no longer gives 3% cash back to Freedom Card holders for shopping at gas stations and grocery stores. I haven’t got the notice from Chase myself yet and my latest statement on May 13 still shows 3% cash back for every $1 of eligible purchases made at gas [...]

Original Post on The Sun’s Financial Diary

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Credit Cards That Let You Invest Cash Back

Friday Finance Findings for May 29th

Just a few quick updates before getting into this week’s links. There are a few special offers ending in the next day or two, so if you were looking at getting in on these you’ll need to act fast.
First, the $25 Ohio 529 plan bonus. Don’t forget that you can receive $25 just for opening [...]

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.

Friday Finance Findings for May 29th

Schwab 2% Cash Back Credit Card

I love cash back credit cards. If you pay in full every month, it’s a great reward. I’ve been shopping credit cars lately, and found the Schwab Bank Invest First card is a very appealing cash back card. It offers 2% cash back on everything. It’s our Free Money Friday deal of the week!

How to Get Your 2% Cash Back

  1. Open a new Schwab Bank Invest First card and a Schwab One Brokerage Account.
  2. Once approved for both accounts, link them together. You can call or go online to link them.
  3. Cash back will be credited to your brokerage account monthly.
  4. Invest the proceeds, or access your cash back by check or debit card.

Credit Card Details

  • No annual fee.
  • 2% cash back on everything, with no cap.
  • Card is issued by FIA, which is part of Bank of America.

Brokerage Account Details

Brokerage Minimum. When you open the Schwab credit card (or a high yield investor checking), there is no minimum on the brokerage account. Otherwise the minimum is $1,000.

Fees. There are no monthly fees for the brokerage account.

Accessing Cash. According to Schwab, you can “Access your money easily with fee-free checking, a Visa check card, online bill pay and fund transfers.” I plan to move my money directly to our checking account with Schwab, which is our primary checking account.

Action Plan

Even though we have an old 2% cash back credit card that deposits into our 529 plan, I’m planning to apply for this card. It’s always good to have a back up with the rapidly changing credit card environment.

In addition, it’ll be a nice way to transfer money since we already have our checking account at Schwab, and a portion of my Roth IRA since they announced the lower expense ratios.

This is an article from My Dollar Plan.

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Free Flight Deadline and Weekend Reading

AMEX Free Flight Promotion Ending May 31, 2009
I’ve been told that May 31, 2009 (Sunday) is the last day to take advantage of the American Express free flight promotion.
AMEX is offering a 25,000 welcome points along with waiving the $180 annual fee for the first year.  What’s the big deal?  The 25k points are transferable [...]

How to Say “No” When Your Child Wants Something

There’s something about children that tugs at our heartstrings and makes us want to keep them safe and protect them from heartbreaks of any kind. That’s why we feel upset and sad when we see their big eyes fill with tears and their tiny faces scrunched with anger when we refuse them something they want.
How [...]

Jim Cramer’s Stock Picks and Tips: Thoughts From A Follower

Do you think Jim Cramer knows what he’s talking about?
There are several types of investors out there who commit their hard-earned bucks to the stock market (or other markets) to try to squeeze a little more from the savings they have. I’m the kind of investor who keeps my individual stock picking to a [...]

Jim Cramer’s Stock Picks and Tips: Thoughts From A Follower

We’re Moving

Not now, but in about two to three months.
We have been living in New Jersey for the past 13 years, moved a few times, but always in the state. Probably because of having been here for so long, we kind of like where we live. We think we are going to stay in NJ [...]

Original Post on The Sun’s Financial Diary

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We’re Moving

on being homeless

I don’t think I could start a post like this one without saying that I’m not homeless in the usual sense of the word. I have now not a single debt in the world – no mortgage, no loans, no consumer debt, NOTHING – and I have a net worth in the mid-six-figures.  Yet [...]

Post from: brip blap.

on being homeless

Emptying the Recycle Bin of My Mind

Over the last few weeks, I’ve been collecting some links and thoughts. It’s time to finally clear up some Firefox tabs and put them out there.

I can’t decide what is better, having Monday off or the quick week that follows it.
I can’t decide what I find more depressing… the title of Social Security [...]

Advanta Closes all Credit Cards, 529 Plans, and More!

Advanta, which is one of my favorite credit card companies for small business cards, is closing their doors on Saturday, May 30. We got a letter in the mail two days ago. Talk about a quick exit!

I know many of you got an Advanta card for 0% Balance Transfers in the past. The good news is that your balance transfer should remain in place with the original terms and you will not need to pay it off immediately.

Of course, now it’s time to find a replacement card if the Advanta card was a favorite of yours. I’m going to spend some time in the next few weeks checking out the business credit cards available right now. There are some other personal cards I want too, so I’ll be planning a day to apply for all of them soon.

Announcements

529 Bonus Deadline. Just a reminder that the deadline for the Ohio 529 College Advantage $25 Sign Up Bonus is May 31, 2009.

Guest Posts. You still have one week to get your guest post entries in for your chance to win Amazon gift cards (and be considered for a writer position, if you choose). I haven’t received many entries so far, so your odds are pretty good!

What Caught My Eye

Your Average Income. Friends’ Influence and Money: A Two Way Street was an intriguing read this week. Lazy reviewed the book You’re Broke Because You Want to Be: How to Stop Getting By and Start Getting Ahead, which evaluates the theory that “your income is typically the average of your five closest friends.” Really? Is it?

Turning 30. Since this is my last week as a 20-something, I followed the discussion about how much you should have by age 30 closely (both at Bogleheads and on My Money Blog. The latter also features some savings ratios at various ages to see where you fall.

Investing

By the Numbers

And More!

This is an article from My Dollar Plan.

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5 Money Rules from Liz Weston

Liz Weston helped mentor the participants in the FNBO Direct Pay Yourself First challenge as they saved money for the trip of a lifetime, to buy a house, pay off college loans, to have a baby, and save for nursing school.  Although these are all different goals, as I read through the advice that Liz offered each [...]

May 2009 Net Worth Update: Mortgage Pay Down Edition (+5.32%)

Welcome to the Million Dollar Journey May 2009 Net Worth Update the mortgage pay down edition.
As I mentioned before, we are going to get aggressive in paying down the mortgage.  Having said that, we have dumped most of our savings onto the mortgage along with increasing our payment by about 50%.  The result is a [...]

Weekly Roundup: The UN-BROKE Edition

This Friday night, May 29 at 9:00pm ET, ABC will air a special titled Unbroke: What You Need to Know about Money.  The hour-long program will feature a number of celebrities including The Jonas Brothers, Will Smith, Samuel L. Jackson, and even the talking E*Trade Babies.
It will be interesting to hear the mainstream, pop culture [...]

Waiting For The Economic Recovery, Going Broke During The Recession

Waiting For The Economic Recovery
Do you believe the news? According to top economists (”a prominent panel of 50 professional forecasters”), we’re supposed to be seeing the economy recover later on this year. If things go as expected, unemployment numbers and job losses should start shrinking fairly soon and economic growth should resume [...]

Waiting For The Economic Recovery, Going Broke During The Recession

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