Michael on March 30th, 2009
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Market timing is dangerous.
You: You’ve said so before.
Indeed, it’s one of the key themes of my chapter about investing in Beyond Paycheck to Paycheck.  I bring the topic up again now for two reasons. First, because there are many people these days who, due to the yucky markets –
You: Yucky?
Yes, yucky.  Yucky is an increasingly [...]

Continue reading about Market timing is dangerous – a reminder

After a bunch of requests, I finally got my act together and I’m now on Twitter. So, as the saying goes, feel free to follow me on twitter. I have many ideas for using this (relatively) new medium (to me) some of which I think are going to be fun, so hop on over there.
My [...]

Continue reading about Friday Frenzy: Twitter, saving money on a phone bill, girl scout cookies, and the credit markets

The IRS released a notice recently concerning an obvious contradiction:

The deadline to purchase a home and potentially qualify for the 2009 first time home buyer tax credit is November 30, 2009.
You can claim this $8,000 refundable tax credit on your 2008 tax return.
Your 2008 tax return is due April 15, 2009.

You: So how can [...]

Continue reading about First Time Home Buyer Credit – Your options if you buy after April 15

Michael on March 23rd, 2009
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Change is good.

It was finally warm enough to go on a hike yesterday. (Well warm enough for a short hike wearing a hat and gloves anyway).
There’s less than a month to go until April 15 (Yes, I do taxes and my clients are thrilled.).
Michigan won a NCAA tournament basketball game for the first time since [...]

Continue reading about I’ll keep the change, thank you

You: Are in-store extended warranties a good idea?
You: Why not?  They seem pretty cheap and they extend the warranty significantly.
Actually, they’re fairly costly and they don’t do much.
You: That’s not what they told me in the store.
I know.
You: So what’s going on?
Good question.  Regardless of how an in-store warranty on a new television, printer, or [...]

Continue reading about Extended Warranties – Are in-store warranties a good idea?

Periodically, but with increasing frequency, someone leaves a comment on the Beyond Paycheck to Paycheck blog where it’s obvious the writer is ticked off at his or her inability to receive maximum benefit from some new government incentive:
Just yesterday someone wrote of his frustration caused by an inability to receive the full recovery rebate credit [...]

Continue reading about What are your thoughts on the government’s actions? Here are mine

Michael on March 16th, 2009
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I don’t think so.  Neither does David, as he writes in Are Savers Dooming the Economy? NO!!!
You: You don’t buy the argument that the savers among us are making the recession worse?  You don’t think people should spend more to help the country move on economically?
As I’ve said before, there’s nothing fundamentaly patriotic about spending [...]

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Michael on March 13th, 2009
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I recently had lunch with several other random financial professionals. One, a realtor, spontaneously launched into a verbal tirade about how the media was making the economy out to be so much worse than it actually was and that this fact, more than anything else, was feeding potential home buyers unrealistic expectations.  She continued that [...]

Continue reading about Is it time to buy a home yet where you live?

Michael on March 10th, 2009
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A few random tibits today:
First, Jeremy Simon – a reporter for Credit Cards.com – is looking for consumers who have used extreme ways to pay off credit card debt (earning money from medical experiments, selling family heirlooms, etc.). The wilder the better. If any of you might be interested in sharing their stories on this [...]

Continue reading about Be, read, view, judge

It was in the fifties here in New Hampshire yesterday.  In early March, that counts as a great day.  It seemed like everyone was outside.  Indeed, it was fun reconnecting with our neighbors over something besides a snow shovel.  Having always lived in cold weather climates (New York, Michigan, Massachusetts, Illinois, New Jersey, and New [...]

Continue reading about Spring was here, saving still is – which will hang around