tag:blogger.com,1999:blog-128965872023-10-31T05:11:14.928-07:00Personal Finance Tips that you never learned in School and your Banker will never tell you! Daily tips to generate massive Returns on Investment with No Risk, simply by better understanding and managing your everyday expenses.Unknownnoreply@blogger.comBlogger124125tag:blogger.com,1999:blog-12896587.post-1165241865047541412006-12-04T06:07:00.000-08:002006-12-04T06:17:45.046-08:00

The difference between investing and speculating in the stock market comes down to risk tolerance. With lower risk tolerance, investors should consider looking closely at Bonds. Corporate bonds provide investors with the security that they are at the front of the line when it comes to liquidation of a company. What this means, is that for investors seeking long term growth, Corporate bonds

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1158622260369632352006-09-18T16:20:00.000-07:002006-09-18T16:31:00.383-07:00

Aaccording to an NBC News Story, an 82 year old Grand Mother and her family got a first hand lesson in the cost of leasing. She first leased two black rotary phones -- the kind with a round dial -- in the 1960s.Until two months ago, She was still paying AT&T to use the phones -- $29.10 every three months, the phone company says.The family estimates her payments topped $14,000 over more than 40

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1151509101929539182006-06-28T08:34:00.000-07:002006-06-28T08:38:21.950-07:00

For anyone who has a gift card from a retail store, do yourself a favor and check for an expiry date.By placing an expiry date on the value of the card, retailers are able to legally take this money from you before it is used.This amounts to a free cash grab by retailers who take advantage of consumers who do not manage to spend all their money as quickly as the store would like.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1149163067774894272006-06-01T04:47:00.000-07:002006-06-01T04:57:47.816-07:00

This morning I woke up to hear a "Technology Commentator" extolling the virtues of RFID tags and how it will change our lives for the better. After an explanation on how it will change the supply chain for companies like Wallmart, the discussion then turned to how it will impact our domestic lives...automated recipe generation. I was pretty sure that this commentator has drank the Koolaid of

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1148902588053693342006-05-29T04:27:00.000-07:002006-05-29T04:36:28.066-07:00

Do you have a plan to maximize the benefit of charitable giving?The recent rise in $2.00 donations to charity collections at the checkout counter highlights the importance of a planned giving strategy to maximize the benefit to your favorite charity and for your own personal benefit.Lets say you give $2.00 per week to charity at your favorite store. Sure it makes you feel good but, you are giving

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1144843143215633922006-04-12T04:51:00.000-07:002006-04-12T04:59:03.230-07:00

In your quest to save money, the first principle should be to carve off some money before you start spending and paying your bills. This is an important component to your approach to saving money as it then becomes a priority rather than something you try and do after you've spent your paycheck. For many people, a quick and easy way to ensure you get your money into a savings account is to use a

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1144422849774817472006-04-07T08:14:00.000-07:002006-04-07T08:14:09.786-07:00

Well...after reading some numbers from the Employee Benefit Research Institute in the Philadelphia Inquirer, it becomes pretty clear that more people need to use the Investment Growth Calculator to better understand the amount of money they have and the rate at which it will grow but, more importantly, how long it will last in retirement.Make sure you take the time to understand how much you need

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1144421925013011562006-04-07T07:58:00.000-07:002006-04-12T12:27:15.580-07:00

While the Canadian Government makes a cut in the GST that will add up to an estimated $5 billion-dollar windfall when the sales tax is slashed from seven to six per cent, theaverage household savings won't be life-changing. But buyers ofbig-ticket items, stand to pocketanywhere from a few hundred to a few thousand dollars.But for the average consumer, will this make a difference?With a

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1144420875410098402006-04-07T07:41:00.000-07:002006-04-07T07:41:15.436-07:00

With changes to Bankruptcy legislation limiting the amount of debt that can be written off, personal bankruptcy filings dropped to their lowest level in 20 yearsduring 2006's first quarter, according to financial research firmLundquist Consulting Inc.Between January 1 and March 31, filings fell 73 percent, to 102,949,compared to the same period a year ago. On an annualized basis, one

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1144094046074859062006-04-03T12:53:00.000-07:002006-04-03T12:54:06.110-07:00

RESOLUTIONDesignating April 2005 as ‘‘Financial Literacy Month’’.Whereas at the end of 2004, Americans carried 657,000,000bank credit cards, 228,000,000 debit cards, and550,000,000 retail credit cards;Whereas based on the number of total United States households,there are now 6.3 bank credit cards, 2.2 debitcards, and 6.4 retail credit cards per household;Whereas Americans consumer credit debt

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1142947671621993542006-03-21T05:02:00.000-08:002006-03-21T05:27:51.656-08:00

Bottled water is one thing that has puzzled me for years. I understand that there are many areas of the world where bottled water is a necessity but, as a Canadian who has access to excellent water out of the tap, the concept of paying more for bottled water than gasoline has me puzzled. While I've been known to buy the occasional bottle of cold H2O on a hot day and I do like "Fizzy Water" at

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141941889876149992006-03-09T14:04:00.000-08:002006-03-09T14:04:49.900-08:00

A recent story out of the UK got me thinking that there might be a good reason to print warnings on credit cards and credit card statements. The article tells of store braned cards that charge 30% per month interest rates compared to 10-15% for conventional credit cards. After looking at the interest and ancilliary rates charge, The Competition Commission in Britton is tellingcard providers, who

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141936285795600292006-03-09T12:31:00.000-08:002006-03-09T12:31:25.813-08:00

There is a very interesting article at AlterNet that pretty much sums up how the U.S. Economy is adding heaps of debt to an already strained tax payer. In the year this blog has been in existence, I've had a gut feeling that something was wrong in the economy as there was no real indication that people are saving money. This revelation came after moving into an established neighbourhood where

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141395555148623432006-03-03T06:19:00.000-08:002006-03-03T06:19:15.193-08:00

As the income tax deadline nears, there are approximately 102 million Americans who will get an average tax refund of $2,154.00.Considering the the average american carries around $8,500.00 in credit card debt with interest rates around 17-20%; now is the time to take charge of your finances and do something that will help you reduce your debt and save money. The first step in building savings

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141307511113071272006-03-02T05:51:00.000-08:002006-03-02T05:51:51.150-08:00

A recent article in USA today, questions the validity of the negative US savings rate suggesting that the calculations are off base considering that during The Great Depression of 1933 the savings rate of the day was -0.7%.While the article questions the way the Government calculates the savings rate, the fact remains, consumer debt is growing and people are inflating their networth with inflated

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141244719569953852006-03-01T12:25:00.000-08:002006-03-01T12:25:19.593-08:00

News reports out of Charlotte North Carolina indicate that Payday loan companies in that state have been effectively shut down by the State. This is a significant victory for consumers as the practice of payday loans tend to prey on those who can least affort the high intrest rates charged by these firms. I guess the loansharks will be happy now that their competition has been eliminated

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141054869099340012006-02-27T07:41:00.000-08:002006-02-27T07:41:09.116-08:00

If you're looking to increase the return on your savings deposits and are discouraged by the miniscule returns most banks offer on savings accounts, look into savings accounts offered by Online Banks. ING is offering 4.75 percent on new deposits to its well-knownOrange online accounts through April 15, after which they pay 3.8percent. HSBC is offering 4.8 percent through April 30 and 4.25

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1141047240174750942006-02-27T05:01:00.000-08:002006-02-27T05:34:00.193-08:00

For those of us in North America, our domestic hotwater tanks tend to be energy hungry beasts that heat and store the water until you are ready to use it. For some reason, we have not caught up with the rest of the world who use energy saving, on demand heating systems. There are a couple things that can be done to increase the efficiency of your hotwater tank. 1. Insulate the tank - fairly

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1140195361087892562006-02-17T08:56:00.000-08:002006-02-17T08:56:01.106-08:00

Convenience does come at a price but, when you are on a monthly service plan, that price can be way more than you would ever think.Consider the $12.95/month for Tivo service. Not to knock the technology but, if you're 25 yrs old, those small payments can add up to a huge chunk of change over the years. If you were to take that money and invest it at a 7% return, your small payment would add up to

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1140108871900780892006-02-16T08:54:00.000-08:002006-02-16T08:54:31.916-08:00

With interest rates starting to come off alltime lows, there is a general sense that the housing bubble is about to burst. According to a piece at The Daily Reckoning, Home builders are facing declines in new orders, while various markets around the United States are seeing the supply of homes increase from 86.9-149.2% in major markets whild it is up 25% Nationwide.When combined with the fact

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1140107584707950242006-02-16T08:17:00.000-08:002006-02-16T08:33:04.733-08:00

Take some time out and do a review of your banking arrangements, and get an understanding of your spending patterns. One way that you can force yourself to save money, is to put a limit on the amount of money that you can withdraw in a day. While you may not initially feel comfortable with a lower cash withdrawl limit, what it does is force you to plan your purchases better, and cut back on

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1140031013285641952006-02-15T11:10:00.000-08:002006-02-15T11:16:53.373-08:00

For Anyone looking to set up their own site, and are in need of a domain name, check into a free domain from .tk. While it is not a high level domain designation, it will save you a few bucks if you are looking for a domain for a personal site. Your .TK domain will point to a directory on your existing server. While I doubt it will compete with a .com in terms of search engine rankings, it will

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1139586603573734482006-02-10T07:37:00.000-08:002006-02-10T07:50:03.616-08:00

For many people, the prospect of investing the proceeds of their savings, is what puts them off saving money. This may seem like an odd paradox but, the world of professional money management has fostered a culture where most people are bewildered with their financial options, and as a result, opt to spend their money rather than save it. With complicated investment vehicles, and the risk

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1139409594942915892006-02-08T06:39:00.000-08:002006-02-08T06:39:54.960-08:00

Depending where you live, parking tickets can be a minor nusance or a major expense. On a Saturday afternoon in May 2004 I came out of a restaurant to find a parking ticket on the winshield.After looking at the signage, I was enraged and vowed to fight the ticket because, according to the signs I had the right to park there. Not knowing how the system worked, I opted to contest the ticket only to

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-12896587.post-1138212489950084012006-01-25T10:08:00.000-08:002006-01-25T10:08:09.970-08:00

When trying to save money, everyone dreads the thought of being put on a budget.While a budget s important in knowing where your money goes, a Personal Cashflow Statement helps you understand where your money is coming from and might be helpful in improving your savings. In looking at income, take the time to understand the source deductions on your paycheque, and make sure you are not paying too

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