In the wake of 2010 banking regulations that require customers opt-in to get their overdrafts paid, and pay overdraft fees, banks have been pushing overdraft lines of credit as an “alternative to save you money.” Let’s take a look at how good of a deal this really is for the typical bank customer. What is […]
What is an Overdraft Line of Credit? Read More »
Every time I need to buy or sell a stock, mutual fund, or index fund, I hop online and enter the trade on my brokerage website. It wasn’t always this easy to invest and we are lucky to live in an age of cheap, online investing.
How to Get Started Buying Stocks Online Read More »
A while back, I shared how I bought two round trip tickets to Israel for $280 using a credit card churn and fee airline miles. Yes, that’s right. $140 per person round trip including all taxes and fees. Well, I just got back and want to share how we had an amazing trip on a
An Amazing Trip to Israel on a Budget Read More »
I recently refinanced my loan from 4.25% to 2.875% and lowered my loan time from 29 years to 15 years. While my monthly payment went up a bit, I am saving thousands of dollars in interest over the life of the loan. With such a low interest rate, it makes me wonder if I should
Should I Pay Off My Low Interest Mortgage Loan? Read More »
If you still use checks, buying new blanks is a necessary evil. Unless your bank gives you free checks, you have to spend money to be able to spend money. That seems like an archaic concept to me, who pays everything through credit cards and online bill pay. If you still do use checks, though,
Never Buy Checks From the Bank Read More »
It seems that every few weeks, I get a letter in the mail from one of my credit card companies with convenience checks inside. Those checks are a tool that lets you put a cash advance on your credit line, which is bad news for most of us. When I worked in banking, we would get checks like these every day written to max out a credit line deposited into a checking account! I couldn’t believe people would even consider doing that.
Four Reasons to Shred Those Credit Card Convenience Checks! Read More »
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