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Do You Need to Force Yourself to be Cash Poor to Stay on Track?

Like most things in life, I truly believe that the basics of personal finance is a combination of mental toughness and knowing yourself.  I know I need barriers between me and cash; this is the very reason I can’t carry cash on me.  Talk about a weird feeling when I have debit card $3.33 from McDonalds

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Is Social Security Income an Asset? NO!

social_security_card

I just read a very interesting article on Wall Street Journal Personal Finance Section, titled “Save Your Nest Egg, Hold on to Stocks” written by Mr. Zweig (full article HERE).  The article surrounds the idea that since your Social Security income stream can be turned into a present value number equivilent to a bond/annuity

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Leave your Retirement Accounts Alone!

retirement

I often check the online personal finance section of the Wall Street Journal (found here); many times I find interesting articles which range from the topics credit card debt all the way to macroeconomic theories, but in all honesty, today’s top headline frightened me!

The title of the article is, “Investors Pull Money Out of Their

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Advantages of Using a Prepaid Credit Card

There are many benefits to using a prepaid credit card.  A prepaid credit, also known as a secured credit card  is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.”

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