Opened our third CD in our emergency fund CD ladder
Yesterday (yes, on Christmas day) I applied for and hopefully opened the third of our CDs in our emergency fund CD ladder. This is the first time I've tried to open a CD at FNBO Direct and I've got to...
View ArticleWhat percentage of my income should go toward savings?
A friend of mine recently asked my thoughts about what percentage of earned income should go towards savings, which I presumed to mean for retirement savings. I gave him an instantaneous answer (10%)...
View ArticleHow do changes in income effect a retirement savings rate?
I recently posted a numerical analysis that determined a retirement savings rate based on the goal that spendable income did not drop upon entering retirement. There were necessarily many assumptions...
View ArticleOne proposal for a better way to have distributed TARP funds
A couple days ago my wife and I were getting annoyed watching some TV news story about the request for the second $350B of TARP authorized funds. The nerve of asking for more funds given the lack of...
View ArticleING Direct lowered interest rates yesterday
ING Direct lowered their interest rates on a number of bank products yesterday. It hasn't been all that long from ING's last rate drop which I wrote about on December 30th, 2008, so I'm guessing this...
View ArticleAddressing risk by increasing liquidity
We've decided to stop making extra principal payments on our loans. Instead we're going to direct that money into our GI portfolio to increase our liquidity. Here is our reasoning.
View ArticleExtra income from credit card rewards
I started paying pretty close attention to our GI-qualified income late last year. And thus I can say that this month is already shaping up to be a bit unusual as we've had cash deposits totaling over...
View ArticleNo longer a need to ladder your emergency fund
So earlier this week my wife and I opened up a new online savings account over at Ally bank, and I've gone back since to browse around Ally's website trying to understand how to make the best use of...
View ArticleAlly “No Penalty CD” rate drops to 2.05% APY
A week ago I posted that we were starting a move of our emergency fund cash to Ally Bank in order to take advantage of their "No Penalty CD" product. This will allow us to stop laddering our funds in...
View ArticleHacking Quicken to import OFX transaction exports in foreign currencies
... However, we can hack around the proprietary nature of WebConnect as it turns out this format is really OFX with one special (badly formatted) tag added. And in fact, you can download an OFX file,...
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