Articles from November, 2010

To Put It Bluntly: Why Your Saving Account’s APY Is a Lie

from MintLife Personal Finance News & Advice
 
Everybody with a savings account is complaining about low interest rates. And they have a point: money market funds are still yielding close to zero, and the best online savings accounts are offering about 1%. Here’s the problem: that APY is a lie. In fact, every APY reported on [...]

Investing 101: How to Track Financial Trends

from MintLife Personal Finance News & Advice
 
Tracking a financial trend seems easy enough. When researching investments, monitoring certain indicators, like a company’s net profits, for example, or its stock price, over a number of years to detect any patterns sounds like a no-brainer. But the fact is, the methods investors and traders employ to track [...]

Personal Finance Daily: Marriage has its pros and cons

from Moneywatch Personal Finance
 
Living alone is correlated with a higher risk of heart disease and other health problems. Read that story and more in today’s Personal Finance Daily.
 

Facing public outrage, the Kardashians cancel their especially sleazy prepaid debit card.

from Slate – Moneybox
 
Faddish consumer products have notoriously short lives. And thankfully, after just three weeks on the market, the Kardashian Kard, possibly America’s dumbest financial product, has gone the way of the Pet Rock, the Edsel, and acid-washed jeans.[more ...]
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Nine economic thoughts to nibble on as you recover from Thanksgiving dinner.

from Slate – Moneybox
 
Being somewhat preoccupied with a tour promoting my new book (All The Devils Are Here: The Hidden History of the Financial Crisis, co-authored by Joe Nocera) and guessing that you, dear reader, are still a tad besotted from eating too much Thanksgiving turkey and apple pie (I certainly did), I lay before [...]

8 million people abandon credit cards

from CNN Money Personal Finance
 
Credit card use is on the decline, as millions of Americans cut up their plastic or get cut off by their credit card companies.
 

Paying taxes on your inheritance

from CNN Money Top Tips
 
Question: Since Congress hasn’t yet reinstated the estate tax, what are the tax rules for valuing assets that you inherit in 2010? — Jack Pickering, La Habra, Calif.
 

6 Shopping Apps for Android and iPhone That Will Instantly Turn you Into a Shopping Ninja

from MintLife Personal Finance News & Advice
 
Our efforts to be responsible with our personal finances and the desire or need to shop often clash, so being frugal and educated when hitting the mall or grocery store is essential. That rings especially true these days, when everyone is about to or has just kicked off [...]

Diary of a Recession Baby: Toys are getting safer — more or less

from Moneywatch Personal Finance
 
As the holidays approach, I know that our extended families’ annual baby-worship rituals of gift-giving around Chanukah and Christmas will flood our home with toys, gadgets and gizmos. The question is, how safe are those products for our 15-month-old daughter?
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Living alone can be dangerous for your health

from Moneywatch Personal Finance
 
Living alone can mean more freedom to do what you want, when you want, but solo dwellers also are more prone to unhealthy habits that increase their risk of serious illness or mortality compared to those who live with others.