In high school, I worked at a takeout Chinese food place. It was a $5 an hour, under the table job where I answered the phone. I took orders, put them together in containers, and then passed them to the cashier who gave it to the delivery guy or waited until the customer showed up. […]
Whether you know it or not, you have a financial system.
If you didn't sit down and explicitly design it, it may be a little messy. It may have accounts you no longer need, credit cards you stopped using, and other relics you need to clean up.
It may not have some features you'd otherwise want but just haven't gotten around to because life has a funny way of getting in the way.
This category focuses on the big picture systems you put into place to make the rest of your life easier.
Did you hear about how Bank of America was going to start charging a monthly fee if an account didn’t maintain a $1,500 minimum balance or have a monthly direct deposit of $250 or more? It’s not rare. They’re a business. They’re not a charity. (though they do pay bonuses for new accounts) Either they […]
In the identity protection space, LifeLock is practically synonymous with the term. It’s likely that most people who were or are considering purchasing an identity protection system are or have at least considered LifeLock as a contender for the job. And there’s plenty of good reason why. LifeLock is simply one of the most effective […]
We tend to remember numbers that are important to us. Everyone knows how much they weigh. If you were so forward as to ask, the person might say that they don’t know or don’t remember, but they know. We remember numbers that are important to us. Ask someone for their credit score and unless they […]
When you run your own business, there’s a surprising level of trust involved. You trust that the customers who enter your store don’t slip a few items into their pocket and walk out. You trust that the person paying you with a credit card didn’t steal it from someone. You trust that the agreements you […]
I went to college in 1998, the literal Stone Ages of Banking when the best banks had marble facades, massive branches, and big minimum balance requirements. My bank of choice was PNC Bank, one of the largest in the western Pennsylvania region, and I chose it because they had ATMs in our student union. That […]
When I was a teenager, I lost my wallet for the first, and thankfully last, time. Fortunately for me, I didn’t have much in it except a few dollars and my high school identification card. Even that loss felt like a monumental pain in the butt but I can’t imagine what it would be like […]
My first bank account wasn’t at a bank. It was at a credit union. At the tender age of 16, my mom and I walked into a branch of the Teachers Federal Credit Union and opened up a joint account. They printed out a little card, laminated it, and handed it to me. I stuck […]
LearnVest was founded in 2009 by Alexa von Tobel with the goal of bringing financial planning to women. They would eventually expand their target market to include everyone. Once thought to be the domain of the rich, many Americans found professional financial planning out of reach – LearnVest was designed to overcome this. Through online […]
How much do you have saved up in retirement? If you’re like most Americans, the answer is not much. The average net worth of Americans is just $80,039. When you take out home equity, it’s only $25,116. That’s across the entire population of the United States – single, married, 65, 25, black, white, etc. Do […]