As featured in The Wall Street Journal, Money Magazine, and more!

July 2006

Update: Moving Savings From ING Direct to HSBC Direct

by Luke Landes

After our discussion yesterday, I took the plunge and signed up for an account with HSBC Direct, taking advantage of their $25 Best Buy Gift Card Promotion. (I would have preferred cash, but I can make the gift card work for me.) Thanks to Dus10 for letting me know about the promo. HSBC verifies ownership […]

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Thinking About Moving Savings From ING Direct to HSBC Direct?

by Luke Landes

ING Direct has served me well for a long time. For a few years, their interest rates were the highest available, and their sign-up and referral bonuses simply added to the gains. I used all available referral bonuses in 2005, so I no longer have these to distribute. Also, their interest rates have been sagging […]

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The Top 25 Money Tips of All Time, Part 4

by Luke Landes

Last week, I started looking at the top 25 money tips of all time, according to MoneySense, a Canadian finance magazine. I looked at tips 1 through 5, 5 through 10, and 11 through 15 so far, and there have been some interesting thoughts. Some are aligned with mainstream views while others might surprise you. […]

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Excel Template for Net Worth Report (Balance Sheet)

by Luke Landes

The way I create my personal balance sheet is similar to the process I just described for my income and expense report. I export a net worth report from Quicken, customized to include all my accounts through the end of the reporting month, and import the data into Excel. My personal template is linked directly […]

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Excel Template for Income and Expense Report

by Luke Landes

Related: Excel Template for Net Worth Report (Balance Sheet). And when you’re done, learn to make accurate predictions. In order to create my Income Statements (here is the latest for example), I use two main tools. All of my transactions are entered into Quicken. I used to use Microsoft Money but I switched a few […]

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The Top 25 Money Tips of All Time, Part 3

by Luke Landes

Everyone has their favorite money tips, and we’ve been looking at the favorites of some Canadian financial advisors. Here are the first 5 and here are the next. Keep reading this post for tips 11 through 15. Emphasize rewards. “Think of a budget as pre-spending and emphasize the objects or experiences that you want to […]

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The Top 25 Money Tips of All Time, Part 2

by Luke Landes

Those Canadians are at it again. They recently assembled, from experts in personal finance, the top 25 money tips. I wrote about the first 5 earlier, so now I’ll continue. Invest in your kids. The article talks about RESP accounts, which are savings accounts designed for parents to invest for their children, with a bonus […]

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The Top 25 Money Tips of All Time, Part 1

by Luke Landes

Perhaps Canada is just backwards, but I don’t think so. MoneySense asked some of the northern country’s top personal finance experts for their top money tips, and they gave some surprising answers. Do you think it’s all emergency funds and the “power of compound interest?” If so, you’re wrong. Here is what they had to […]

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Favorite Purchase, June 2006: Braun Electric Toothbrush

by Luke Landes

Every once in a while, I may share my thoughts on a particular purchase I made that I feel is worthwhile. In this case, I’m writing about the BRAUN Oral-B Braun 980TX Bright Advance Power Electric Toothbrush. I purchased it for $30 from Macy’s and Amazon.com has it for the same price. It was sort […]

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Personal Income Statement, June 2006 (Net Income: $1,360)

by Luke Landes

Spending less than I earn is the only way I’ll become more financially secure. Luckilly, I’ve been doing so for a long time now. I’d like to be earning more, but I guess I can’t have everything. Take a look at my latest income and expense report. I’ve added some interesting items, based on a […]

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