Weekend Links: Controlling My Parents Roth IRAs
Both my parents have Roth IRAs with Capital One Investment Services and I’ve been voicing my advice over how bad they’ve been managing their retirement accounts – no matter how small they may be. They pay a $35 annual fee and own some weird investment fund that, I assume, was selected based on the advice [...]
How to Fake a Direct Deposit and Avoid Bank Fees
The exact definition of a “direct deposit” is quite vague in the banking world. Most of us understand a direct deposit to be a method of receiving payment electronically into our bank accounts. The typical forms of direct deposit are wages and Social Security income. Why Do I Need to Fake a Direct Deposit? Many [...]
Be the Friendly Financial “Stop” Sign
Impulsive and spontaneous spending is the most dangerous way to fall into debt. Yet, it is the most preventable. Accessibility to credit cards overshadows the light bulb that should be going off in our heads indicating: “Hey! You don’t have the money to buy that!”. Even if an impulse spender can’t get the hint, there [...]
Larger Bills Get Less Action
What is it with “Benjamins” that make them so lovely to keep and so hard to let go? Is it natural instinct to be more reckless with a $100 bill than five $20 bills? Although those with six-figure incomes may have been conditioned not to think so, it still happens to them to some extent. [...]
My Financial Goals for 2010
Another year gone by and a new year is here to make things happen. In the years before, I’ve made money goals for myself and wasn’t able to make them materialize. I made the mistake of having too foolish of an outlook without a reasonable approach to achieve what I want. Things are different now [...]
