ING Raises their Rate to 4.25%

I wrote about why I like ING here.
They’ve raised their rate from 4.15 to 4.25 percent. It’s not as competitive as a few online banks out there, but it’s within half a point.
So why would a dollarscrounger pass up on half a percentage point of interest? Here are a few reasons:

Their [...]

A few tips to save on gas expenses

Currently we live in a place that still has relatively cheap gasoline. By ‘cheap’ I mean that we’re currently paying $2.89 a gallon. With our upcoming move now only two months away, the cost of gasoline has certainly been on my mind. And to be honest, I wouldn’t be surprised if we [...]

Building Junior’s Credit Score

Read the whole article here
Please no.
Wayne is asking whether he and his wife should put their 7-year old son on their credit card account as an authorized user…
No…
Dr. Don (who has a slew of letters after his name) does get to the right answer, but does it in a very roundabout way.
The take-away from the [...]

Actually Playing the Float

I just plowed through the third lecture of the Business Environment Concepts section of my CPA exam review. The material isn’t really all that bad when you 1) have no personality and 2) have gotten used to the stuff over the last 4+ years.
One of the things I was reading about today was how [...]

A Typical Attitude Toward Spending Habits

Visa counsels Durham students on finance

Read the entire article here
Just the title is enough to send shivers down your spine, eh? We’ve got credit card companies teaching kids about proper money management.
It’s like the fox in the chicken coop.
Rosetta Jones, VP of Visa USA said the following:
“Don’t ignore that your future is going to be full of decisions about [...]

People are Paying Off Their Credit Cards

Read the entire article here (may require a WSJ membership)
The title of this article in the Wall Street Journal is extremely misleading. You have to love hearing from the creditors’ perspective though. Apparently, in the past when “interest rates crept up…fewer cardholders could afford to pay down balances.” Richard Srednicki, who runs [...]

Put your savings on automatic, advises financial journalist

Check out the full article here
Jane Bryant Quinn spoke to the graduates of the Niagara County Community College and gave a few nuggets of great advice (and one I totally disagree with).
The gist of her speech was to keep things simple.
“You can set [things] up and get on with your life, because who wants to [...]

Personal Finance: Budget Planning Ain’t Your Thing?

I know they’re out there. Perhaps you’re one of them. You enjoy managing your money. You feel a surge of adrenaline when there’s a discrepancy between your checkbook register and the bank (you’re always right, by the way). You monitor your net worth on a daily basis. You love the [...]

Personal Budget Plan (i.e. Reality Check!)

My mother-in-law knows about this site. She knows about my passion. She knows about my conviction. She knows how strong I feel about personal budgeting.
The other night we were talking about her situation many, many years ago where she was a school teacher raising three kids on her own. She certainly [...]

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This is The Wallet. My name is Jesse Mecham, founder of YNAB. Here I focus on the YNAB methodology, software, personal finance, and more.

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