A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the treasury, with the result that a democracy always collapses over loose fiscal policy. The average age of the world’s greatest civilizations has been 200 years.
– Alexis de Tocqueville
The bottom line: By 2016, our National
Continue reading 100 Words On: A Grim Warning to Those Who Think Money Grows On Trees
Not too long ago I had to mosey on down to my local hardware store because I needed propane for my barbecue grill. The total price for the refill came to $17.96.
At first I tried to pay with a credit card but, for some reason, their machine was on the fritz, so I gave the kid the only money I had in my wallet: a $20 bill.
In return, he gave
Continue reading 18 Flippant Facts You Didn’t Know About the $2 Bill
Cosigning for a loan is one of the dumbest financial moves you could ever make. By cosigning, you not only assume liability for the borrowed money, but you also make it tougher on yourself to qualify for large loans — regardless of your payment history — because lenders still include cosigned loans as part of your overall debt load.
The bottom line: If a lender refuses to loan money to somebody
Continue reading 100 Words On: Why You Should Never Cosign A Loan for Anyone
I wish I was as smart as my kids. They’re never wrong.
If you don’t believe me, just ask them.
As a matter of fact, I was reminded of that little “fact” last month after the Honeybee noticed that a couple of checks hadn’t been cashed by my daughter’s junior high school for fees related to her color guard activities.
Normally, we’d write a check out at the beginning of each month for
Continue reading When Is Not Stopping Payment on a Lost Check Worth the Risk?
Who hasn’t been fleeced by a casino slot machine? Although only Keno offers worse odds of winning, slots are by far the most popular casino game, responsible for 70 percent of gambling industry winnings — so it’s really no surprise they’re derisively called one-armed bandits. Like casinos, banks have their own army of two-faced dollar desperadoes: automated teller machines. ATMs have no qualms heisting 15 percent per $20 withdrawal. For
Continue reading 100 Words On: The One-Armed Bandit’s Armless Cousin
There are people out there who swear that if you’re lucky enough to see the first flower of springtime on a Friday, it’s a sign of impending wealth.
I know. I don’t buy it either.
Still, let’s assume these folks know what they’re talking about; what happens if that first flower is found on Friday the 13th? Is the wealth omen officially null and void?
Can somebody take an action item and get
Continue reading 10 More Old Wives’ Tales Masquerading As Financial Rules of Thumb
One of life’s greatest so-called mysteries is why American drive-up automated teller machine keypads have Braille on them. On the surface it seems to be a preposterous notion. After all, the logic goes, blind people can’t drive. But who says only a car’s driver can use the ATM? Passengers can easily operate ATMs from the back seat too — and with the aid of head phones, the blind can enjoy
Continue reading 100 Words On: The Real Reason Why Drive-Up ATMs Have Braille Keypads
Buying a home is a big decision and you do not want to make a mistake while you are home shopping. That’s why lots of people turn to mortgage brokers to help them through the process of finding a loan. In order to help you avoid being taken advantage of during the process, here are five money savings tips that your mortgage broker doesn’t want you to know about.
Continue reading 5 Money Saving Tips Your Mortgage Broker Doesn’t Want You to Know
I have a lot of bad habits. For example, I tend to bite my nails when I get stressed out. I also have a penchant for opening the cupboard to get a drinking glass — then walking away and leaving the door wide open. I know. I can’t explain it either, but it drives the Honeybee absolutely bonkers every time I do it.
Even so, I like to remind her that
Continue reading 50 Good Personal Finance Habits Everyone Should Follow
If you’re like me, you never ever give your credit cards a second thought. However, after recently getting stuck in a supermarket line behind a nice lady who decided to pay for her groceries with a giant bag of loose change, I developed a new-found appreciation for their convenience.
Heck, nowadays I use credit cards to pay for almost everything. Naturally, I also make sure to pay off my balance in
Continue reading 18 Amazing Facts You Didn’t Know About Your Credit Card