Ask Your Credit Card Company to Reverse Fees

Have you ever been hit by “accidental” credit card fees? By this, I mean fees that arose from an unintentional late payment, or some other mishap. I have. In fact, I just discovered this weekend that last month’s auto-payment for Amex Delta Platinum SkyMiles card never happened. As you may recall, I applied for this […]

What is QE2, and What Does it Mean for You?

The big news on the economic front is that the Federal Reserve has decided to launch a second round of “quantitative easing” – dubbed QE2. The ultimate goal of QE2 is to pump more money into our financial system to avoid deflation. On Thursday, USA Today took a closer look at what this is likely […]

Lending Club Now Available to Borrowers in North Carolina and Kansas

If you live in Kansas or North Carolina and want to take out a person-to-person (P2P) loan, then you’re in luck… Residents of both states are now eligible to borrow via Lending Club. That brings to the number of states eligible for borrowing through Lending Club to 42. Only Idaho, North Dakota, Nebraska, Iowa, Illinois, […]

How Much Will You Spend in Retirement?

When people share their retirement plans with me, they often assume that they’ll be able to reduce their spending once they retire. At first glance, this seems reasonable. After all (they tell themselves) they won’t have to support the kids anymore and the house will be paid for. And the media encourages people to think […]

What’s Your Employment Outlook?

With the 2010 elections now behind us, I thought it would be interesting to run a quick poll about one of the most talked about subjects – jobs. It seems that campaign ads this year either focused on a personal attack aimed at tearing down the opposing candidate, or they talked about jobs. While there […]

What Are Car Title Loans & Are They a Ripoff?

Tough economic times have people in a financial bind and doing things they haven’t done before. There are those who are living paycheck-to-paycheck when they suddenly get struck with a financial emergency. What would you do? Some people turn to “title loans” to give them a quick infusion of cash to tide them over until […]

Series I Savings Bond Fixed Rate Falls to 0% (Nov 2010)

About a week ago, I posted about the forthcoming Series I Savings Bond interest rates. For those that are unaware, these rates update twice per year, and are composed of both a fixed and a variable component. The variable component is based on recent inflation and, as I noted in my previous post, the variable […]

Financial Rules of Thumb: The Value of Keeping it Simple

Do you have any favorite financial rules of thumb? I recently ran across an interesting study in which the researchers looked at the impact of formal financial training vs. simplified, rule-of-thumb training on financial decision making. While the focus of the study was rather narrow (micro-entrepreneurs in the Dominican Republic), the results were quite interesting. […]