A couple of weeks ago, I noted that we opened an online savings account with FNBO Direct. All in all, the account opening process was incredibly easy, and the test deposits showed up in our linked (local) checking account within one business day. Two days after that, our $1 minimum deposit had been pulled [...]
If you’re in the market for a home or looking to refinance, you might want to check into an FHA home loan. In fact, as I’ve noted, access to FHA loans is a cornerstone of the housing rescue bill that was recently signed into law. With that as a backdrop, I thought I’d take a [...]
This is just a quick note to let everyone know Amazon.com is currently offering a free 30-day trial of Amazon Prime. If you’re not familiar with Amazon Prime, it’s their shipping program that provides you with free two-day delivery of just about anything that would otherwise qualify for their Super Saver shipping, but with no [...]
According to the recently released J.D. Power & Associates list of the most reliable cars of 2008, Lexus is the most dependable automotive brand. In fact, it wasn’t even that close, with Lexus logging over 20% fewer complaints per vehicle as compared to runner-up Mercury. The top ten list follows:
Lexus
Mercury
Cadillac
Toyota
Acura
Buick
BMW
Lincoln
Honda
Jaguar
Interestingly, Ford Motor Company nailed down [...]
A reader named John wrote in with the following question about what happens to a certificates of deposit (CDs) when a bank fails:
If a customer has a CD at a bank that fails, is there a risk that the account will stop earning interest until assets are purchased by another institution, or when the other [...]
This week marked the official end of summer in our house, as the kids are now back at school. Is it just me, or is there something unnatural about starting back to school in early August? When I was a kid, we got out of school in early June and started back on the day [...]
In case you haven’t been paying attention, bank failures are on the rise. Given this little tidbit of nerve jangling information, I’ve recently spent some time writing about the safest online banks, as well as the banks at greatest risk of failure.
With that as a backdrop, I though it would be interesting to take [...]
As I alluded to in my post about things every teen should know about money, the state of financial education in this country is pretty abysmal. In fact, according to a recent survey by the Jump$tart Coalition, high school seniors were able to correctly answer an average of just 48% of questions about basic financial [...]
I recently ran across an article on Bankrate that talked about raising a money-savvy teen. In it, they covered ten money management lessons. They also provided some depressing statistics on the state of personal finance education in the United States.
For example, when asked about basic financial concepts, high school seniors were only able to correctly [...]
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