Ok, I get asked all the time about where to get the best rates for a savings account. First off, you want a money market account, not a savings account. Money market accounts pay better rates in exchange for restrictions that should be very easy for you to meet.
The Online Banks
Next, if you are purely [...]
Not too long ago, I wrote about monitoring your credit report on the non-blog Finance Gourmet site. In it I included a warning about the various services offering to “fix” your credit and lower you monthly payment. Now a much bigger site has an “insider” confession from just such an outfit. A little independent confirmation [...]
Being a smart consumer, or smart investor, or smart anything really is all about knowledge. Understanding the world you are playing in just makes good sense. I can spot most finance scams by reading the title. The reason? I’ve spent plenty of time reading the fine print and [...]
A letter from a major mortgage lender suggests big savings by paying no closing costs.
Too bad they admit (in tiny print on the back) that you’re just putting the closing costs in the loan which could cost you WAY more.
By any measure, the math says that paying off your home is not a smart move financially. Then why is it that so many people see paying off their home as a great goal?
There are three reasons really. One is out of date thinking, the other is a financial myopia, the last one is [...]
Several years ago when I was a wild-eyed fresh out of college computer guy, I got my first “real” job with a local company. The company had around a 100 employees or so which meant that the HR person was the Office Manager. On my first day, the Office Manager went through [...]
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