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May 2012
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Bank of America Freezing Pension Plan

In what is becoming a very commons occurrence in the US, Bank of America announced that it will be freezing it’s pension plans for existing employees starting in July.  This means that worker’s pensions will only pay out whatever they’ve accrued until July.  After July, Bank of America will start adding an additional 2-3% to [...]

A Quick Look At Our Income Vs Expenses

Lately I’ve been spending some time looking over our budget to see if we have any areas that we can shave our expenses and I thought I’d summarize a few key data points.  We have always strived to minimize our expenses for things that don’t matter to us.  The result has been that we don’t [...]

A Great Financial Teaching Moment With Our Eight Year Old

Tonight I was sitting in my office at home when my daughter came in with rubber gloves on.  She looked at me and said, “Daddy, I’m starting to clean the bathrooms so I can get my allowance!”.  I told her, “great job” and she headed in to the first bathroom to start cleaning.  About 5 [...]

How to Keep Your Money (Listen Up Lottery Winners)

I will confess that I really like Business Insider.  Their latest article that caught my attention was a pretty long set of instructions on how to keep your money after winning the lottery or making millions as a professional athlete.  It won’t be a surprise to most of you that it simply requires spending less [...]