Jul
21
How Long Should I Keep Credit Card Statments?
July 21, 2008 | Leave a Comment
Have a pile of credit card statements? Find out how long you need to keep your old statements and why.
When deciding what financial records to keep and what to throw away, there are several important criteria. Do you use your credit card for business expenses? Do you have any tax deductible purchases? [...]
Jul
10
Close Old Or Unused Accounts
July 10, 2008 | 5 Comments
I hate loose ends, especially financial loose ends. If you have old accounts that you no longer use like credit cards, home equity lines or other bank accounts, you should close them. In case you need convincing, I've created a list of the reasons you should close unused accounts.
When ING kept sending me statements [...]
Jun
7
Nassim Nicholas Taleb got rich on a day when many many people went broke. He predicted the sub-prime fiasco and the crash of 1997. He didn't really predict these events, he just predicted some kind of event, a black swan, could happen.
The Times Online has a new interview piece with Taleb.
An interesting [...]
Apr
21
PayPal is an Expensive Way to Transfer Money
April 21, 2008 | 3 Comments
Do you use PayPal? If you do business on the internet, there is a good chance you do. Many web sites accept PayPal for payment. Our small business used PayPal quite extensively in the beginning, but now we are moving away from it. Why? It’s too expensive.
Most people associate PayPal [...]