Considering the purchase of a new car while the housing and equities markets plummet requires detailed knowledge of one’s financial position. In my case, I was considering the purchase of a 2008 BMW 335i sedan amidst a rise in foreclosures and a significant downward movement in the stock market. With two existing car loans still […]
The Associated Press reports that a Retiree Flushes Cash Down Toilet. The man apparently did not realize that his money still had value. As opposed to depositing his money in a financial institution where the money would have earned interest and this confusion would have been avoided, he simply transferred his money from his matress […]
A person should think about retirement upon entry into the workforce. Many people cite the lack of money as the primary reason for their inability to start retirement savings. These same people are able to afford items that are not necessary for comfortable living. They usually also purchase items on credit, effectively making the power […]
Lately, I’ve been collecting my 1099s from banks for interest income that I received in 2005. The disparity in my income from these banks as reported in my 1099-INT is surprising. I opened my first bank account when I was 14. I was fairly content with the interest income from Coast Federal since my savings […]