The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in March, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The March level of 199.8 (1982-84=100) was 3.4 percent higher than in March 2005.
What this means for I Bond investors
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For those who purchased I Bonds [...]
Rates for the next six months for I Bonds were released today. The fixed rate was raised to 1.4%, while the variable rate is 1% as expected from the CPI-U numbers announced in mid-April.
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I was hoping for a higher fixed rate but given that the low inflation component is temporary this is really no surprise. [...]
I’m not normally the doom and gloom type but what I’ve been reading about subprime mortgage debt has me a bit concerned… I don’t know what will happen but one possibility is laid out below.
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There are approximately six million subprime mortgages in the USA. The average home price is $190,000. This comes out to $1.14 [...]
It is generally offered to those who have sub-par credit (which I had due to my Chap. 7 bankruptcy in 2000). The offer I got was 0% for six months on both balance transfers and purchases. I am beyond that period now but another nice feature is 2% cash back on purchases. They even gave [...]
I’ve been searching for a new rewards credit card for the last week since I’ve maxed my Household Bank card ($400 cash back per year). I’ve applied for the Citi Rewards card but haven’t received a decision yet. I may get turned down due to my bankruptcy even though my credit score is now in [...]
I received my $50 bonus for opening the Smart Package Checking account with them. (You had to open a Smart Checking Plus and a Money Market account.) I already had an Online Savings account so I only keep $25 in the Money Market. I’m most of the way through the process of making HSBC my [...]
This is the first post of a series I’ll be doing on government and other public sources of solid financial information. I’ve added a category called Financial Information Resources which will contain all of the posts in the series. I’ll be characterizing and rating the sites based on the type of information they have as [...]
This will be a short note as I am leaving for LA in a few minutes for a meeting with my largest client…
Just wanted to post to say we retired our HELOC debt this week! You may remember my post back in November about setting goals.
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I set a goal of paying down our credit card [...]
I originally wrote this a few months ago but only just now finished it. Some of the details in the post may be a little out of date but they were accurate at the time. I’m now working on the next article in the series and will have that up within the next few days.
This [...]
It’s pretty much common knowledge now that everyone should have an emergency fund of 3-6 months (some experts say even more) of expenses in liquid savings (money that’s easily accessible). But unfortunately, common knowledge isn’t necessarily common practice and many people just don’t have anything in savings. The key to getting out of debt is [...]