Personal Credit Lines Advantages and Drawbacks
There are numerous varieties of lines of credit (LOCs). The most commonly used one is the personal LOC. PLOCs can be...
Tag: Personal finance
Personal Finance and Avoiding Debt Collection: What Not to Do
Sooner or later most of us will face a situation that will leave us with bills that we can’t pay....
Personal Finance Tips: How Young Adults Can Secure Their Future
In case of imparting personal financial know-how to the young adults, it’s quite unfortunate to see that they aren’t trained well until they become graduates and start off with their professional lives. However, these things do not require dedicated hours of mathematical calculations rather; young adults can acquire sound financial knowledge with a little reading. Personal financial management tips for young adults For starters, they can have a look at the below discussed personal financial tips that are crucial to lead a safe and financially prosperous life. Take charge of your own finances If you fail to become smart with...
4 tips to maximize your cash back rewards
As long as you pay off your balance, using a rewards credit card for everyday purchases is a smart money move, but there are a few tricks to stack additional savings on top of the credit card rewards you are already earning. Use these 4simple tips to get the most possible cash back rewards when buying what you need: 1. Shop online whenever possible. Here are just a few of the many reasons why: The electronic cart helps you stay in your budget Less temptation at checkout for impulse buys No pressure from the sales staff Ability to use online...
Do you know what a reimbursement accountant is?
Well I didn’t either so keep reading and you will find out. Lately I have been thinking a lot about where I would like this blog to go in the future. I have drawn out plans as to how I see it in the future. While not working on the site in the past few days I have been deep in thought. I conducted an interview for a newspaper and I have been busy at work. This time of the year is especially busy in hospital finance. Each year as the financial audits are coming to a close, the reimbursement...
WTF (Wait That’s Finance) Part II: The Down and Dirty on the Naked Put
Ok not really about the naked put, but now that I have your attention we are going to talk about put options in general. Go ahead and check this post out on derivatives to get up to speed. Wait make sure that you come back. Are you up to speed now? Today I decided to take an in-depth look at the put option and try to explain it in layman’s terms. Sure I cannot cover every possible scenario in this post but I hope to explain it to you and give you a better understanding so next time you hear...
Your grandfather used to do it why not you…
Have you ever noticed the price of razor blades keeps going up and up? What is the deal with that? It is not World War II when we were rationing the use of metals. I am not sure how many blades Gillette is up to now but I have been using the Mach 3 as of recent. My wife went to the store to pick up a pack of them the other day and I was shell shocked at the price of a 5 pack it was close to $15. I checked out some of the other blades and saw...
Dear Debt, I am going to defeat you!!!
What does national financial literacy month mean to you? Well for my wife and I, we have set up a plan to pay down some of our debt. We have accumulated some debt over the past few years. It was by choice so that she could stay home with our two beautiful children. I wrote a post the other day asking you to take a moment to review your situation because April is National Financial Literacy Month. Did you take a few moments to see where you stood? Are you going to do anything about your situation? Our goals are...
Roth IRA March Madness Style!
Shhhhhhhh…..can you hear that….that’s right baby it’s the Roth IRA Movement. So here is how the movement got started; Jeff Rose went to speak at his alma mater and polled the soon-to-be graduating seniors, and not a single one of them raised their hand when he asked if they heard of the Roth IRA. Here we are today a group of about 150 bloggers preaching to the nation and hoping they listen. For my friends following along on twitter it’s: #RothIRAMovement In case you were one of the ones polled, here is what a Roth IRA is: The Roth IRA...
The Best Financial Lesson I Ever Learned
The rule of thumb is that bonds are for retirees. I am 35 years old and I love bonds. When I was really young, I remember receiving savings bonds for my birthday. I had no idea what they were at the time. I was told by my father that they were going to be worth “a lot” of money some day. Every year I would get these pieces of paper that were going to be worth “the number listed at the top left corner”. Fast forward to the 90’s and the Internet boom. The Internet boom created a huge jump...
Move over King there is a new girl in town and her name is Wendy!
For as long as I can remember it has always been 1. McDonald’s 2. Burger King and 3. Wendy’s. Well that is not the case any longer as it has just been announced that Burger King was surpassed in US sales volume by Wendy’s. This change up brings makes me reminisce of those days back in college and that Nelly song “Number One.” You know you remember Nelly, he sung Country Grammar! Google it if you forgot who, but make sure you come back to finish up this article. As I digress….. Hey hey hey hey hey hey – now...
All good things must come to an end…It was a good run while it lasted…RIP Encyclopedia Britannica print edition
Childhood….Ahhh those were the days of no responsibility where my only recollection of money was that my parents had it and I needed it to buy candy or that new toy. But what I do remember as a youth was that my parents subscribed to Encyclopedia Britannica. I asked my mom a while back how they ended up with the encyclopedias and she gave me the spiel where a salesman came door to door saying something about how it was going to be the way of the future. They had just had me as their first child and they didn’t...
Shhh…. What do you think of that B*****?
Now that I have your attention, you are probably scratching your head wondering why that would be on a personal finance website. Shame on you for thinking that!! What would your mother say? The word is in the news all over the world now. That magical word is BUDGET. The congressional budget, state budget, city budget, your personal budget, budget for that trip, some websites use that as part of their web address…this budget that budget… What in the world does the word budget even mean? According to my good friends over at Merriam Webster here are the origins of budget: Middle...
From My Frugal Side: 5 ways to cut costs in the bathroom
I don’t know where this one came from. I was sitting there yesterday thinking (not thinking in the bathroom) and I started rattling off ways to save some money in the bathroom. These ideas are not going to require any major design changes to your bathroom. Sure you look at the picture above and think where can I possibly save any money. The bathroom is probably one of the most frequented locations in the house and these simple changes can add up over the year. Water Saver – add a water saving showerhead to your shower and this can cut up...
Week 5 Recap: A Month in and I am here to stay for the long haul!
Well here it is the Five For Friday. Another week has come and gone and we continue to pump out the articles. It has had its share of ups and downs over there past month and a half, from late nights to early mornings. A lot of great comments and plenty of feedback received via email. Thank you and keep those suggestions coming. I really appreciate it. Here is what I have been reading this past week that has really kept my interest and even provoked some commenting. Homeownership may not be for everyone but here are some lessons learned. ...
The Peyton Manning Story: A few days short of that big bonus!
Peyton Manning – Franchise Quarterback of the Indianapolis Colts is a free agent. I am not a regular follower of football but I have heard who this gent is. Potentially the best quarterback to ever play in Indy or maybe best quarterback ever in all of football. This article isn’t going to talk about all those statistics that he has amassed, but we really could because finance covers stats and various ratios. If he was on the roster at the start of the league year he was to be owed $28 million dollars as a bonus. Did you hear that...
Is it too late to get an MBA?
What an interesting week last week, now back to the grind of things. Today we received a question from a reader who asks, “Is it too late to get an MBA?” Let us define what the reader considers too late, they consider their mid 40’s too late to obtain the advanced degree. What is his dilemma? Mark is a mid level manager who strives to take that next step but all of the upper echilon have advanced degrees. Some organizations only recruit talent for upper level positions if they have an advanced degree, his organization is one of those. Mark...
Finance and Malware: A Love Hate Relationship!
After nearly 3 days of inactivity on my part on my blog I am ready to hit the ground running. Wow those last 3 days have been hectic. I woke up Monday morning to find my site acting a little funny. I didn’t think anything of it so I went about the day. Monday night I get home and try to check the site to see some the statistics and how things are going. I get a redirect that takes me to Adfly. First thoughts are this could get expensive. I have only been blogging 2 weeks if this gets...
Malware / Trojan / Virus – Is this a familiar sight for you?
Well today I had my first experience with Malware. I was not able to post a regularly scheduled post as usual. I woke up this morning to check out the website to find a bunch of popups on the site once I logged in. Talk about shell shock and not having a clue what to do. Thankfully my fellow Yakeziers were there to the rescue with some valuable posts to help me though this debacle. I quickly got on the phone to my hosting company to see if they had any products that they offered for free to help me...
Week Dos Recap – I am fluent in Spanish, not really…
Wow a whole 2 weeks into personal finance blogging and I have to say I love doing it. It has been a great journey thus far. I am building some great friendships with the personal finance blogging community. I have found the Yakezie Network great and everyone is very willing to help out. I learned that with blogging or your spouse you have to give love to receive love. I am out there sharing the love as much as I can with my fellow bloggers. Here is it close to midnight preparing the post after a long day of blogging and...
Who said that being on a Board of Directors scholarship isn’t cool ?
As I slowly reveal more about myself you will see that I have my hand in a lot of things. I am currently on the board of directors for a local non profit organization that works to promote awareness for endangered structures in the community. In particularly buildings that have historic significance, we are the voice for them so that they are not destroyed to make way for a new house or store or whatever. I was elected in November 2011 as a board member. Since then I have embarked on organizing their membership directory into a usable format in...
What to do Wednesday in Personal Finance? How about a personal loan?
What would you suggest as the best course of action in this situation? If you have been following my blog for the great length of time that it has been around, ok since last week, you would know we recently became a two income household. Here is where the story starts: One income, two kids and a wife all on a salary of 100k minus 50k. I was earning close to 50k when we had our second child. We have 2 cars and a mortgage payment but to help offset some of this we have a rental unit in the...
Valentine’s Day for an MBA student – Celebration
Yesterday I was sitting there pondering the meaning of Valentine’s Day you know very well about me i am MBA student which always focus on MBA study, when it struck me that it must have been made up by retailers to make it through the slow winter months. Well at least here in the Northern part of the United States, it is bitterly cold and we tend to hibernate. I saw earlier today on the National Retail Foundation website that the average person celebrating Valentine’s Day is going to shell out a whopping $126.03. Men will spend about $168.74 compared...
Week One Recap
Wow, what a first week, this is really exciting and I love waking up in the morning now to blog again!! A lot of great comments and plenty of feedback received via email. Thank you keep those suggestions coming. I really appreciate it. So, what did I do this week read many, many blogs because once you start reading you can’t stop. Here are a few that I found particularly interesting this week in no particular order: Check out Shaun over at Money Cactus and check out this well written article…it really gets you thinking about what really motivates you???...
The First Car I ever Owned…My 1990 Chevy Cavalier…
I was reading CNN a few weeks back and stumbled across this article. I have to say that the first car I ever owned was my first car a 1990 Chevrolet Cavalier in gunmetal grey, probably my best car as well. My parents came off a lease that we had been driving and my parents bought me my first car. I was 17, it was a used car and had a little over 100,000 miles on it. Being used and having that many miles it had some wear, but that didn’t stop me from falling in love with her. I loved her...