I recently came across the personal finance site, Oblivious Investor and was amazed by the author’s story. Mike’s in his twenties and used to work as a financial advisor and tax accountant. He now is an accomplished personal finance author with 6 books based around making finance simple. Since Mike has the background and training in [...]
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Does Your Bank Accept International Wire Transfers?
I finally sent money back to America last month after building up savings in Japan for 9 months. I built up the courage and figured out the process one afternoon. Corinne and I combined our money and sent it home together, splitting the ¥2,500 ($27) fee. We sent the transfer to her ING Direct account since [...]
Why You Need an Emergency Fund
What would you do if you lost your job and only had $500 in your checking account and 3 credit cards to pay your bills? What would you do if you broke your arm hiking and couldn’t afford the hospital expenses? These are grave situations that people don’t like to think about, but emergencies happen. [...]
How to Open Multiple Savings Accounts With Ally Bank
On Thursday we looked at the benefits of opening multiple savings accounts, or sub-savings accounts, and how they can help you separate savings for specific money goals like a vacation, car, tv, or even for funding an emergency fund. Today, I’ll show you how easy it is to 0pen multiple savings accounts by opening a “House [...]
Benefits of Multiple Savings Accounts
The ability to open multiple savings accounts are one of the benefits of having an account with an online bank. People sometimes refer to them as sub-savings accounts, but they’re actually new savings accounts located under your primary savings account. Opening a multiple accounts allows you to create defined saving goals for things like “new [...]
How Much Extra Should You Pay On Student Loans?
As the class of 2010 steps into the real world, another year of students will have to start paying their student loans soon. Most student loans allow anywhere from 3-6 months before interest starts to accrue so students have time to find a job before starting the repayment process. Once the interest kicks in it can add [...]
Dollar-Cost Averaging Takes the Stress Out of Investing
Investing your money isn’t easy. There are tons of high-pressure decisions to be made and the amount of information you have to sort through to find the quality stuff is near impossible sometimes. Despite this, it’s important to push through the difficulties in order to help out your future self in retirement. There are a [...]
How to Negotiate Overdraft Fees
My favorite personal finance book is Ramit Sethi’s I Will Teach You To Be Rich. One of the best lessons I took away from the book was the idea that bank overdraft fees are negotiable. In the book Ramit provides a word-by-word script for negotiating with your bank and the script works. This was the [...]
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Hi, my name's Austin Morgan. I teach English in Japan and write about money for twenty-somethings. Feel free to contact me with any questions and I hope you enjoy the site!
