This new Federal Reserve study is a fascinating look at credit card utilization across income brackets. It’s showing up all over the place: NY Times, Wall St. Journal, etc. It’s also an incredible distortion. There are a number of variables for which it fails to account. The most egregious were pointed out by Matthew White …
Who Gains and Who Loses from Credit Card Payments? Read More »
3/7/12 UPDATE: The rules have been modified extensively since this review. Please take the time to understand the changes before you apply. First, let me say I’m humbled that senior management at PerkStreet have contacted me not once but twice about my commentary on their checking account (see Part 1 and Part 2 of the …
3/7/12 UPDATE: The rules have been modified extensively since this review. Please take the time to understand the changes before you apply. In the month since Part 1 of my PerkStreet review, the one thing that has become quite clear is that PerkStreet users are passionate about the checking account. The emails and comments have …
This week, the New York Times Money section has been sharing a list of some of the toughest money questions a child can ask his/her parent. I’ve been intrigued with this discussion and thought it might be helpful to have one resource that not only lays out these questions but also looks at some of …
As most of my readers know, I have a strong interest in peer to peer lending. I was an active lender on Prosper for a couple of years before realizing the wide difference between Prosper’s actual default rates versus what was being reported. I also have a fascination with one day becoming a venture capitalist …
