September, 2007
For a while now, online payment service PayPal.com has offered an extra reason to keep money in their accounts - a money market fund paying around 5% interest annually. I get asked about it regularly, and here I will explain in detail why I do not recommend keeping any significant amount of money in this account.
Now, when you think about a money market account, what are the top three things you look for? Here are mine, from most important down to least important:
Safety. This is cash savings, so the top priority is that you don’t want any risk or chance of loss. Liquidity. This is not a certificate of deposit; You want to be able to access the ...Here are some happenings from the blog festivals and carnivals that I’ve participated in recently:
The Carnival of Personal Finance included our Roth or Traditional 401k decision process.
My pick from this Carnival was the sarcastic Ah… The Joys of Home Ownership by Grad Money Matters. He talks about how the accessories for a microwave can cost as much as the microwave itself! I found this timely as we were looking at washing machines the other day, the optional pedestals they come with cost upwards of $200! Is it me, or are these things just empty metal boxes. You could buy a entire new washing machine for around $250.
The Festival of Frugality at FILAM Personal Finance included my MagicJack Phone ...
You and your significant other love each other. Still, I bet there is still something that one of you loves spending money on that the other simply doesn’t see any value in. It might be manicures, gadgets, designer clothes, online poker, or Star Wars collectibles. If you have joint finances like we do, this can cause some resentment. Why is our money being spent on Yoda PEZ dispensers??
One possible solution to relieve such stress that we are currently trying out is the Adult Allowance, where each person is given a certain amount of money that they can spend with no questions asked. I’ve seen it in a few places, including Him and Her over at Make Love Not ...
