Lending Club Increases Maximum Loan Amount

According to a recent press release, Lending Club has increased the upper limit on loan requests from $25, 000 to $35, 000. According to Lending Club CEO Renaud Laplanche, this change was “prompted by customer demand.” This is the second major change in their lending policy over the past year or so. The first was […]

How Much are Frequent Flyer Miles Worth?

After years of using a cash back rewards card as my primary credit card, I switched over to a mileage card – the Platinum Delta SkyMiles Credit Card from American Express – last summer. I’m earning a mile per eligible dollar spent, with double miles for every eligible dollar spent on Delta Air Lines and […]

When are 2010 Taxes Due? Hint: It’s Not April 15, 2011

Wait! If you’re looking for the deadline for filing your 2011 federal income tax return, click here instead: When are 2011 Taxes Due? Otherwise, read on… As you’re likely aware, income taxes are due on April 15th of each year. If April 15th happens to fall on a weekend or a federal holiday, then the […]

Alternatives to Lending Money to Family or Friends

Lending money to family or friends can be an awkward decision. On the one hand, you want to help out a loved one in need, but will you ever get your money back? If you want to help, but think that helping them out with a loan will only make things worse, then here are […]

How to Handle Missing Tax Forms

Over the past few weeks, I’ve been throwing all the documents related to my 2010 taxes in a basket on the kitchen counter. At this point, I’ve either received everything, or have been told that I should access it online. What about you? The main things that I’ve been expecting are my W-2 form from […]

Valentine’s Day Plans?

Guess what? Valentine’s Day is on Monday. Like many holidays, Valentine’s Day has become more and more commercialized. In fact, according to the National Retail Federation, the average consumer is expected to spend $102.50 on Valentine’s day this year. Here are some more interesting stats from the NRF: 36% will buy flowers About half (47%) […]

Lending Club and Your Income Taxes

Over the past couple of weeks, I’ve been asked by several readers about how to handle your Lending Club earnings and expenses when it comes time to file your taxes. While I’m not a tax pro, I’m always willing to share our experiences, so… Here goes. Paperwork, paperwork, paperwork For starters, for all loans originated […]

How to Increase Your DropBox Space for Free

As a followup to my recent posts about protecting your passwords and securing your financial documents, I just wanted to share some tips for increasing your DropBox storage space without spending a dime… As a reminder, DropBox is an online file storage and synchronization service. Whatever you put in your DropBox (basically just a folder […]

Develop a Small Business Continuity Plan

A friend of mine has a very successful side business. In fact, he earns more on his side business than he does from his full-time job. The only problem is that if he were to get hit by a bus, his business (and the income he earns from it) would disappear. That means that the […]

Securing Financial Documents on Your Computer

Last week, I wrote about protecting your passwords and other sensitive financial data, like account numbers. Today I want to go a step further and talk about protecting electronic documents – tax returns, Quicken files, bank or brokerage statements, etc. – that you may be storing on your computer. Going paperless I’ve been gradually transitioning […]