Bank of America Already...

Here’s an update on my new credit card strategy I posted a couple weeks ago: I received all the notices from Bank of America saying my FIA Services card was being converted to a Bank of America card. I have until the end of October to use my 2% cash back card. After that it...

Carnival of Passive Inv...

Welcome to the Carnival of Passive Investing. As you might imagine, this carnival is a weekly collection of money-related stories around the idea of passive investing. And this week, I’m the host! If you’re new to Free Money Finance, you may want to check out a few posts to...

Index Funds Versus Acti...

US News talks about three investing numbers : 9, 7.5, and 6. Here’s their explanation of each: Nine percent is the annual historic growth of the S&P 500. The average investor could simply buy and hold the S&P 500 Index, go play golf, and look up in twenty years to see a...

Best and Worst Credit C...

MSN Money lists the best and worst credit card issuers based on how much financial protection they offer and how well they help against potential fraud . Their list: Best (score out of a possible 100) 1. Bank of America (87) 2. Discover (74) 3. U.S. Bank (73) 4. USAA (69) 5. Capital One...

Happy Fourth of July...

Just want to say a big happy Fourth of July to all of you out there — and Happy Birthday to America! I hope you’re having a great day (like I am) celebrating the freedom we enjoy in the U.S. Go here to see the original:  Happy Fourth of...

Another Perspective on ...

Surprisingly we had a lively discussion on whether or not $250,000 was enough to live on. I won’t generalize and say we came to some conclusions because we didn’t (much to my amusement — the issue seems pretty clear to me), but obviously many people do live on well...

Help a Reader: Getting ...

Here’s an email I recently received from a reader: I’m a 28 year old person who is married to a lovely woman. We married only a year ago. We’re just starting our life together. I’m $30,000 dollar in debt. $12,000 of it is in credit card. Scold me for that. I used this money...

Details on Millionaires...

Get Rich Slowly has a great interview with Thomas Stanley, Co-Author of “The Millionaire Next Door” (one of the best personal finance books ever IMO) that has some really great quotes. I thought I’d share a few of them with you (in red) and give my comments on them. Here we go:...

Personal Finance Round-...

You can find plenty of genuine ways to save money, like clipping discount grocery coupons , negotiating , and planning ahead. But for every genuine way to save, there’s another bogus savings “method,” like buying in bulk without doing research on prices, and stocking up...

Rent Versus Buy Decisio...

The Bucks Blog points to an infographic from website Trulia that attempts to tell when it’s better to rent a home versus buy one (and vice versa). They give this as the conclusion of the pic: Trulia calculated the ratio by comparing the median list price to the median rent of...