Opening an FNBO Direct Savings Account (Update)

This is just a quick followup to my earlier post about opening an FNBO Direct savings account. To recap, I filled out the application on Saturday night and they said they’d be make a couple of test deposits into our linked checking account within 1-3 business days. As it turns out, the test deposits showed […]


Evaluating Deals: Beware the Hidden Agenda

Today we leave for a short vacation to the beach. While planning this trip, I was reminded of the importance of looking below the surface when evaluating a deal. When we first started planning our trip, we spent a good bit of time on Trip Advisor figuring out where we wanted to stay. Once we […]


Inside the Housing Rescue Bill

In case you missed it, Congress has passed the so-called Housing Rescue bill, and President Bush is poised to sign it into law despite his opposition to certain components of the bill. So what’s the Housing Rescue bill all about? What follows is a rundown of the benefits included in the bill… Homeowner benefits Up […]


FNBO Direct Review and Account Opening Process

Over the past few months, a number of readers have recommended that I check out FNBO Direct as an online savings alternative. Given the interest out there, I thought I should investigate. After a bit of digging, I was impressed enough with what I saw that I decided to open an account this weekend. Strengths […]


Advice for Entrepreneurs

The topic of this month’s MBN Group Writing Project is “Your Best Advice for New Entrepreneurs.” When this topic first came up, I wasn’t sure what to think, as I’ve never really though of myself as an entrepreneur. But the more I thought about it, the more I realized that I am an entrepreneur of […]


Bank Failures: Two More Just Bit the Dust

The other day, I wrote about the recent history of bank failures in the United States. Unfortunately, just over a week later, the graphic that I put together is already out of date… Just yesterday, the FDIC announced that two more banks failed: The 28 branches of 1st National Bank of Nevada and First Heritage […]


The Federal Minimum Wage: Looking Back Over Time

The federal minimum wage was first enacted under Franklin Roosevelt in 1938. At that time, the minimum acceptable pay rate was set at $0.25/hour, though it’s increased gradually over the years. In fact, just yesterday the federal minimum wage increased by $0.70, from $5.85/hour to $6.55/hour. As it turns out, however, just over half of […]


FDIC Insurance Coverage: Limits and Strategies

With the recent failure of IndyMac bank, along with all of the accompanying news about banks at the risk of failure it seems like the “credit crunch” has really begun to hit home. In fact, I’ve recently heard from several readers who are concerned about the safety of their money. With that in mind, I […]


HSBC Direct Extends 3.50% APY Promo

This is just a quick note to let you know that HSBC Direct has extended their 3.50% APY promotion. This offer was originally set to expire on August 15th, 2008 but it’s now slated to run through at least September 15th, 2008. For those that aren’t familiar with HSBC Direct, they offer no fees, no […]


Another Economic Stimulus Package? Second Round of Checks Coming Up

While the dust is just settling after the first round of economic stimulus payments, we’re already hearing rumblings from Congress about a (possible) second round of checks. I first wrote about the possibility of a second stimulus payment in the context of a campaign speech delivered by Barack Obama. It now appears that the idea […]