Should You Switch to an Online Bank Due to the Latest Fees From the Big Banks?

I must confess that I love watching consumers exercise their right to shop where they believe they’ll get the best value.  The latest article on MSN highlights that online banks are seeing large increases in new members as people, fed up by the latest fee hikes at commercial banks, shop around for better deals.  While [...]

Can You Live Well on $40,000 a Year?

I read an article today about Danny Kofke.  He’s the author of the book: A Simple Book of Financial Wisdom.  In the article, Danny talks about how he and his family live on $40,000 per year.  There really wasn’t any new information or advice on how he does it but it’s definitely worth reading. A [...]

Building a Financially Savvy Child

Yesterday, my daughter went to the store with my wife to find a birthday present for my nephew.  My daughter made sure to take her little money box with her in case she saw something that she wanted.  She keeps her allowance in an old plastic mayonnaise container that we had in the cupboard.  Anyway, [...]

Lottery Winner Collecting Food Stamps

Leroy Fick from Saginaw Michigan won a $2 million lottery in 2010.  While this sounds great, somehow Leroy is still receiving food stamps to help put food on his table.  Why?  Well, Leroy took the lump sump payout, bought a new house and a car and then invested the rest.  Since his income is based [...]