In the MSNBC article $38 for a cup of coffee? Use debit card wisely, the part that really raised my shackles was this quote from the banking industry: It’s no surprise the banking industry supports the opt-out proposal while consumer groups want the rule that requires customers to opt-in. The American Bankers Association says not [...]
I’ve read Ramit Sethi’s blog of the same name semi-regularly since about September 2008. The one point that I mainly disagree with him over is the outrage over the ‘latte-factor’. In his book, he says he’s not going to tell you to quit drinking lattes. His mantra on the blog is cutting lattes doesn’t matter [...]
My philosophy to finances is I am the Chief Financial Officer (CFO) of my life. I wouldn’t want a sloppy accountant running the books to my business. Since I am in charge of my own bank accounts, I would be the accountant in this case, so I better not be sloppy. I have my bank [...]
This is scary. Student-Loan Default Rate Rises according to the Wall Street Journal. The majority of the defaults are coming from private lenders. Government issued loans, which have much lower rates than private loans, are in turn experiencing much lower default rates. It looks like many people are abandoning their higher interest rate debts altogether [...]
I’ve finished the move the WordPress from Blogger. All the old blogger posts should be redirected to here. Please update your bookmarks to http://rainydaypennies.net. Still need to fix a few things in the template, but this is enough for tonight. I need sleep! Ciao!
How Much Emergency Savings Should I Have? Should I invest in more stocks than bonds? Every personal finance blogger has their own opinion about this. Most of them say you should have at least 3-6 months if you are single, and up to a year if you are married with children. The best strategy that [...]
It’s time for me to move my content from Blogger to WordPress on a hosted domain. I’ll be making the switch soon. Stay tuned!
In Ramit Sethi’s new book I Will Teach You To Be Rich, he demonstrates the power of compound interest with the example of Smart Sally and Dumb Dan. (There is an error as of this writing as mentioned in Calculation Error in Book I Will teach You to be Rich, but the point and the [...]
I have the privilege of being a part of Ramit Sethi’s private book launch community for his newest upcoming book, I Will Teach You To Be Rich. The first chapter is available for free at SlideShare: First Chapter of I Will Teach You to be Rich book. As pointed out on Lifehacker: Read the First [...]
For the past year, I’ve been trying to follow the one-in one-out rule. If I buy something, I have to take something old and throw it out or donate. Pair of shoes in, old pair of shoes out. An area that I make the most progress on is books. I used to be proud of [...]
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