Mobile Banking Notifications Are a Big Deal – And People Use Them

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It’s not a surprise to learn that mobile banking continues to become more and more popular. That’s the news coming out of Bank of America’s 2016 Trends in Consumer Mobility Report, which “explores evolving mobile behaviors and trends among adult consumers across the country.” As smartphones continue to become more useful, and tied into our everyday connectivity, […]

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John Oliver Takes on Active Management. And it is Glorious.

Please, please watch this now. You will absolutely not regret it. John Oliver is now officially my hero. (Although I would have preferred he talk about dart-throwing monkeys rather than cats.)

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There’s No Such Thing as New Rules of Money

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Every time I see a headline proclaiming “The New Rules of Personal Finance” or “The New Rules of Money,” I shudder. It may sell magazines and generate clicks online, but anyone proclaiming to have “new rules” to managing money is full of it.

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The Mortgage Payment Trick That’s Going to Save Me $40,000

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We bought our second house last year, selling our townhouse in the process. As much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren’t likely to clear much profit even if we were able to rent it. The new house has a whole story to […]

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5 Easy Steps to Reduce Your Debt in 2016

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Taking important and purposeful steps to reduce your debt is one of the best things that you can do this year. Not only does it greatly help to increase your peace of mind, but creating better ways to approach debt creates good habits that can last a lifetime. Debt is one of the main stressors […]

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Salary Sharing Taboos and the Memory of Gordie Howe

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The title of the article reads “Salary-sharing taboo a big hurdle for pay equity.” No single bit of American pretension, vanity and egotism does more to harm the common cause of labor than pay secrecy. It harms more than pay equity; it lowers wages for all. The article cites a LinkedIn survey of a thousand […]

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Review: A Fighting Chance, by Elizabeth Warren

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Elizabeth Warren’s latest book, Fighting Chance, has the label Political Science on the back cover, but librarians catalog it in biography. It is a little of both, but more the politics of banking and finance and her two-decade role in it. The first chapter does chronicle her growing up in Oklahoma in typical fashion for […]

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Ted Cruz and the IRS

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Recently the Washington Post ran an editorial by Catherine Rampell discussing the Ted Cruz proposal to get rid of the IRS. [“Cruz’s Anti-IRS illogic,” Washington Post, 3/24/15] “Imagine abolishing the IRS” he tells his audience, where they “have more words in the IRS code than there are words in the bible.” Congress makes the tax law, […]

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Estate Planning: Do I Need It?

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None of us like to think about what happens after we’re gone. When you’re young you think you’re invincible, that nothing bad will ever happen and that the future can take care of itself. But the fact is, anything could happen to us at any time and if you don’t get your financial affairs in […]

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Mobile Payment Trends and Why It Matters

According to Nielsen, mobile payment users are engaged in a diversity of mobile payment methods. In 2014, mobile users paid with a scanned QR/barcode (45%), NFC (37%), mobile credit card reader (24%), and mobile peer-to-peer (22%). The variety of ways that consumers pay with mobile seems to be a reflection of the times. Right now […]

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Finding the Bank That’s Right for You

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One of the reasons I’ve used so many different banks over the past 10 years is that each bank has its own pros and cons. For example, while I certainly just feel like another number with Bank of America, you can’t deny that their network of ATMs nationwide is incredibly convenient. They wouldn’t know me […]

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These are the Best Online Savings Accounts Right Now

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I’ve loved online savings accounts ever since I saw my first bit of interest accrue in my ING Direct account way back in 2006. I was at work, had checked my balance in the morning, and then checked again later in the day … only to find I had more money in my account. It […]

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How We Saved Enough Money for a Down Payment on a House

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We’ve owned our house for nearly 6 years now, which is pretty unbelievable. It doesn’t sound like an incredibly long time, but over the course of those six years, a lot has happened. Our daughter was born just a few months before we moved into the house, so it was a pretty crazy time in […]

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