Pay Yourself Second

Pay Yourself Second

by | Feb 14, 2012 | Saving | 6 comments

Of all the things you can do with money, few are more boring than putting it into a savings account, right? Spending it?  Now, that’s fun.  Investing can be enjoyable, too.  But parking some money in an “interest-bearing” savings account where $1,000 may turn into...

When Financial Protection May Cause Harm

by | Dec 7, 2010 | Miscellaneous | 11 comments

I had to reread the first couple of paragraphs of the story to make sure I had read them correctly.  Sure enough, the Wall Street Journal article said that a surprisingly high 75 percent of people have opted in for overdraft protection coverage from their bank or...

Best of Money Carnival #67

by | Sep 5, 2010 | Miscellaneous | 5 comments

It’s my pleasure to serve as host of this week’s Best of Money Carnival, a weekly listing of the top ten personal finance blog posts.  As always, there were many great submissions.  Here are my picks for this week’s top ten in countdown order. 10. The New Frugality...

Why You Need Two Savings Accounts

by | Jan 4, 2010 | Saving | 4 comments

A very common New Year’s resolution is to save more money.  That’s a worthy goal, but I recommend that you maintain two savings accounts—an “If” savings account and a near-term “When” savings account. “If” savings is your emergency fund.  It’s for all of life’s...
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