Certificate of Deposit. Basically a savings account that pays a set rate over a set term. At the end of the term, you can renew for another term at another set rate or keep your money.
CDs, as they are normally called, are a very stable investment. As such, they make for rather poor returns on [...]
Popularity: 20% [?]
We submitted and got selected to appear in the Carnival of Personal Finance’s 159th edition. I’m under the impression that just about all submissions get accepted, so it’s not the biggest deal, but fun none-the-less. There are many worthy articles featured, including ours.
A couple of my favorites:
Remove late payments from your credit report with a [...]
Popularity: 19% [?]
This one is simple. Or should be in any case. And yet, the industry keeps getting stronger and more prolific. But let me be clear on this one. Do not touch Payday Loans!
Payday loans are something that I and other financial folks like to call Parasitic Lending. They tout their convienence and ease all the [...]
Popularity: 16% [?]
If I could use only one word to describe my thoughts on this it would be the word yes. I went the first 26 years of my life without an emergency fund and I’ll never go another day without one.
The purpose of an emergency fund is to give you available funds in case of an [...]
Popularity: 17% [?]
What are the “Beating Broke Rules”?
They are a mantra. Living debt free is a lifestyle and living the Beating Broke lifestyle requires some lifestyle changes. The Beating Broke Rules are meant to establish some simple guidelines on which to build the foundation of a debt free financial life.
Many people look at their debt and imagine [...]
Popularity: 13% [?]
One of the readers over at My Dollar Plan want’s to eliminate his debt and My Dollar Plan has opened it up to all of us to give it a go before he announces what he has/will suggest.
Here’s the basics:
The reader has approximately $14,000 in debt.
Personal Line: $3,500 balance @ 15% - $7,000 limit
Credit Card [...]
Popularity: 19% [?]
Anyone who knows anything about investing knows who Warren Buffett is. He’s been called the Oracle of Omaha. A personal meeting with him could be very valuable and could teach a person a great deal.
Last year marked the first year that Warren and the Glide Foundation would team up to sell at auction a dinner [...]
Popularity: 10% [?]
When it comes to Credit Cards, we have little patience. The companies that administer the cards and their accounts will do just about anything to try and get your money. Very few of them will do anything that isn’t in the interest of the company.
BB Rule: Debt Free means Credit Card Free too!
Destroy as many [...]
Popularity: 14% [?]
We haven’t started cranking up just yet, but over the next few days and weeks, you’ll start seeing lots of quality discussion on many personal finance topics. Chief among them, the topic of Beating Broke. We want to try and help you beat back your debt and work towards being debt free. Along the way, [...]
Popularity: 12% [?]