I’m always amazed when I look at my credit card statements and see the huge gap between the “New Balance” and the “Minimum Payment Due.” On a recent statement: New balance $5,749. Minimum due $115. APR 13.24%. Penalty APR 27.24% (!) With credit card interest inching higher every year, how can it possibly be a […]
For the past three years, I’ve had dinner once a week with a group of five of my friends. Just what day of the week has depended on our different schedules, but we all have decided that this dinner is an important part of our routine and we’ve made time for it. We rotate where […]
Knowing how to budget is incredibly important. Creating a realistic budget and sticking with it can save us from making major financial mistakes, including living beyond our means and incurring credit card debt. I wish budgeting was taught at school, but as far as I know it isn’t, and so it’s up to us parents […]
Dealing with a financial crisis is not easy, especially since they are almost always accompanied by other stressors such as losing a job, a divorce or a loved one experiencing a serious illness. Quite often, dealing with money is at the bottom of your list of priorities as all of your energy is poured into […]
My wife used to compliment me whenever I communicated in Mandarin. She doesn’t anymore. Not that there’s anything wrong with that though, because I couldn’t speak it back then and I could now carry a decent conversion using the language. In a short few years, she got used to hearing me speak in Mandarin (or […]
The reward points, the 30 day free loan, and the perks are just excuses to keep that piece of plastic. No matter how much control you have, credit cards are a convenience that you pay for. I used to think that credit cards are disastrous for the irresponsible but benefit the disciplined. I saw those […]
