Why Birth Order Doesn't Influence Financial Behavior

Many people believe birth order is responsible for their status in life.

I happen to be a first-born child, which is why I love to remind my younger sister that scientific studies suggest first-born kids are smarter than their siblings.

Proponents of this train of thought usually note that the overwhelming majority of Nobel Laureates happen to be first-born children, as were 21 of the first 23 American astronauts sent into space.

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Black Coffee: Is That A Large Credit Limit In Your Wallet or Are You Just Happy to See Me?

It’s time to sit back, relax and enjoy a little joe

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…

Let’s get right to it today, shall we?

Blogs I’ve Been Following This Week

Your Finances Simplified – I Am the Credit Card King! Dom has 16 credit cards

Continue reading Black Coffee: Is That A Large Credit Limit In Your Wallet or Are You Just Happy to See Me?

100 Words On: Why It’s Time to Eliminate the Penny

Last month, Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially worthless, its inglorious decline attributable to the pernicious effects of inflation. Ironically, each penny costs almost two cents to produce, adding to the National Debt, which is just another reason

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When Is Not Stopping Payment on a Lost Check Worth the Risk?

I wish I was as smart as my kids. They’re never wrong.

Never.

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

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Contrarian Shopping: 20 Things I'm Willing to Pay More For

There’s a lot to be said for contrarian investing. Guys like Warren Buffett and Jim Rogers are routinely lauded for going against the herd and purchasing unwanted stocks at bargain bin prices.

Interestingly enough, nobody ever gets credit for contrarian shopping; that is, purposely choosing to pay more for certain products and services.

Don’t believe me?

A recent Google search on the term “investing contrarians” turned up over 5 million results.

As for “shopping

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Black Coffee: Petty Theft, Armed Robbery & Looting the Treasury

It’s time to sit back, relax and enjoy a little joe

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…

I get an email notification every time I acquire a new Twitter follower. According to those notifications, I’ve gained 3817 new Twitter followers since June 10, 2010.

Continue reading Black Coffee: Petty Theft, Armed Robbery & Looting the Treasury

100 Words On: Why Buying in Bulk Is Not Always a Smart Idea

Although it requires extra storage and higher upfront costs, many consumers buy their groceries and other products in bulk to save money. But that strategy can quickly backfire for those who indiscriminately buy massive quantities of infrequently-used goods — no matter how good the deal. Consumer Reports found that larger packages were more expensive about 25 percent of the time. Bulk purchases will end up costing more too if you

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Use a Ledger to Teach Kids Money Management Skills

A few years ago I conducted a little experiment in order to ascertain my young kids’ sophistication level regarding money. Essentially, I subjected my then-9-year-old daughter, Nina, and 11-year-old son, Matthew, to a detailed loan interview with the Bank of Dad.

The interview basically revealed that my kids were, understandably, still rookies in the world of personal finance and money management.

As a parent, it is extremely important to me that they

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My Cola Taste Test: Is Coke Really Better Than Pepsi?

People have been enjoying cola-flavored soft drinks ever since 1886 when the first glasses of Coca-Cola were being served up for five cents each (about $1.10 in today’s dollars) at a local Atlanta pharmacy.

Today, soft drinks are a key part of a beverage industry worth billions of dollars, so it should be no surprise that when it comes to the highly-competitive soft drink wars, the century-long crusade for cola lovers

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Black Coffee: Crooks, Pariahs, Slimeballs & Tax Collectors (but I'm Being Redundant)

It’s time to sit back, relax and enjoy a little joe

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…

I’m sick, tired and just a wee bit surly today.

No, not because the US deadline to turn our taxes in to the IRS is this Monday.

I’ve got

Continue reading Black Coffee: Crooks, Pariahs, Slimeballs & Tax Collectors (but I’m Being Redundant)

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