How to Construct Your Financial Network Map
This is pretty interesting article from Blueprint for Financial Prosperity. The financial network map allows you to see how your financial accounts are inter-connected to one another. For example, a savings account may be linked to a checking account which may be linked to a credit card account. I [...]
Coinstar is offering a $10 bonus for a coin deposit of $40 or more and the selected cash out option is eCert. I made a successful deposit that qualified for the bonus several days ago. Since I had more coins, I thought I would deposit more coins. I made two more deposits but they were [...]
Coinstar coin counting is FREE when you turn your coins into a gift card or eCert. From November 7th to December 7th, when you try Free Coin Counting option and cash in $40 or more, Coinstar will send you a holiday bonus. Get your $10 holiday bonus from Coinstar!
Offer Details:
1. Cash in $40 or more [...]
I recently saw the movie, Mad Money and in the movie, the main characters accumulate large bags of money in their homes. They had so much cash they had to fill every drawer and cabinet in their house.
If you have a significantly amount of cash to put away, where would you hide them? There are [...]
The May 2008 Stocks Challenge ended with only one participant, myself. I pick Nvidia (NVDA) and it netted a gain of 20.19% for the month. But since I was the only participant, I win by default anyway. I took the $20 cash and bought myself a lot of ice cream.
I will give the Stocks Challenge [...]
The disadvantage of tracking financial accounts and transactions is the amount of time it consumes. I have spent hours on entering transactions and keeping account balances in harmony with the financial statements. The worst part is when I take a break from keeping track of the transactions. And recently, I have that experience again. I [...]
The primary advantage of tracking financial accounts and transactions is that it allows you to continuously monitor the status of your financial health. It helps with budgeting and year-end taxes. Money serves as a database for all my expenses and income and investments. I use Money to track my stock trades, asset allocation, and trading [...]
Goal: Reduce the number of accounts being tracked in Money
On the front page of Money, I see a list of all my accounts every time I open it. I remember I started with only a few accounts in 2003. Today, I have 40 accounts actively tracked in Money. I think I have way too many [...]
We use financial software to track our financial accounts and transactions. There are many programs created to serve this purpose. The two most popular ones are Microsoft Money and Intuit’s Quicken. I use Microsoft Money. It came with my computer a long time ago and I have been using it since.
There are also alternatives to [...]
In response to my post, Money Management 201, here is an overview of my accounts:
Credit Card Accounts
This account is use to make purchases on credit. Use this account to build up credit and rack up points/miles/cash. Make sure you can pay off amount before charging. Preferably, this account pays rewards and has no annual fees.
Citibank [...]
