Archive for January 2011

Financial Books for Kids

Written by Nickel - 8 Comments

Our thirteen year old recently asked me for some good books about investing. His savings account has recently reached a point where it makes sense for him to start learning about investing, and he’s obviously interested in doing so.
I started by giving him a copy of Stanley and Danko’s The Millionaire Next Door, which is [...]

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Published on January 31st, 2011 - 8 Comments
Filed under: Family & Life, Saving & Investing
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Use Long Term CDs to Improve Your Short Term Savings Yields

Written by Nickel - 10 Comments

The past few years haven’t been kind to savers. Interest rates have plummeted, and the typical online savings account is now paying just a bit more than 1% APY. Sure, CD rates are a little better, but you have to lock up your money for a relatively long period of time to do much better [...]

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Published on January 31st, 2011 - 10 Comments
Filed under: Banking, Saving & Investing
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How to Close a DollarSavingsDirect Savings Account

Written by Nickel - 2 Comments

As I noted earlier in the week, I’ve recently spent some time cleaning up and organizing our finances. As part of this process, I closed our FNBO Direct savings account. Today I want to share the steps for closing an account at another online bank that used to offer a competitive rate – DollarSavingsDirect.
For starters, [...]

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Published on January 28th, 2011 - 2 Comments
Filed under: Banking
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How to Track Savings Bonds in Quicken

Written by Nickel - 3 Comments

Not quite a year ago, my wife and I started investing in Series I Savings bonds. For those that are unaware, “I Bonds” are low risk, inflation-indexed savings bonds issued by the Federal government.
Unlike CD rates, which are fixed, I Bond rates are adjusted for inflation on a semi-annual basis in May and November. When [...]

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Published on January 28th, 2011 - 3 Comments
Filed under: Saving & Investing
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Dealing With Investment Stress

Written by Neal Frankle - 15 Comments

If you invest your money, you have to deal with stress. You ask yourself, “Is this the best place to invest?” and you ask yourself this question often.
Besides family and health, there aren’t many things more important to you than your money. I know it. You know it. We might as well admit it. This [...]

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Published on January 27th, 2011 - 15 Comments
Filed under: Saving & Investing
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Why You Shouldn’t Automatically Reinvest Dividends

Written by Nickel - 14 Comments

Over the past several weeks, I’ve spent a lot of time streamlining our finances. As part of this process, I went into our taxable investment account and shut off the automatic dividend reinvesting feature.
I know, I know… Dividend reinvestment makes up a huge percentage of investment gains. On top of that, I’m a big fan [...]

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Published on January 26th, 2011 - 14 Comments
Filed under: Saving & Investing, Taxes
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Looking Into 529 Plans for College Savings

Written by Laura Martinez - 10 Comments

Last week, I announced that we’re having our first child, and I talked about some of the financial impacts and decisions that we’ll face. We received an incredible amount of valuable feedback and advice, for which my husband and I are both thankful. In a followup comment, Investor Junkie got us thinking about saving for [...]

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Published on January 25th, 2011 - 10 Comments
Filed under: Education, Saving & Investing
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How to Close an FNBO Direct Savings Account

Written by Nickel - 3 Comments

As part of our New Year’s reorganization, I’ve been closing extraneous accounts that we’re no longer using. One of these is our old FNBO Direct savings account, which has been sitting dormant with a dollar plus a few cents of interest for the past year.
This is one of several online savings accounts that I opened [...]

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Published on January 24th, 2011 - 3 Comments
Filed under: Banking
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Do You Need Renter’s Insurance?

Written by Guest Contributor - 5 Comments

This is a guest post from Bailey Harris, who writes for the Home Insurance Blog. If you like what you see here, be sure to stop by and check it out.
Everyone knows that having an adequate insurance policy is a must for homeowners, but what if you rent? Many people overlook the value of a [...]

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Published on January 24th, 2011 - 5 Comments
Filed under: Insurance, Real Estate
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PenFed Eliminating Bonus Cash Back on Groceries

Written by Nickel - 12 Comments

Hmmm… I just ran across some bad news related to the PenFed cash back credit card. Here’s the scoop:
Effective March 1, 2011, PenFed will no long offer 2% cash back for supermarket purchases. You will continue to earn 5% cash back on gas purchases made at the pump and 1% on everything else, including your [...]

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Published on January 21st, 2011 - 12 Comments
Filed under: Credit Cards
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