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

February 2008

Personal Income Statement, January 2008 (Net Income: $7,790)

by Luke Landes

This morning, I reported my net worth statement including my account balances. This report, an income and expense report, accompanies the monthly data. I publish this every month to keep myself accountable for most of my spending decisions and to encourage myself to earn more when possible. With a healthy side business income and no ... Continue reading this article…

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The Carnival is Up!

by Luke Landes

I’ve Paid for This Twice Already, an excellent personal finance blog, has published the latest Carnival of Personal Finance in Superbowl fashion. (More information on the Carnival of Personal Finance is here.) An article from Consumerism Commentary, The New Emergency Find: Five Components of an Emergency Plan, was featured as the “Special Teams MVP (kick ... Continue reading this article…

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Personal Balance Sheet, January 2008 ($125,770, +2.3%)

by Luke Landes

My first balance sheet of the year isn’t excellent, but I’m happy that I’ve made some positive progress. For those who may be new to Consumerism Commentary, every month I publish a few financial reports to describe my financial situation. The first is the balance sheet which lists balances in various accounts. The bottom line ... Continue reading this article…

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Giants Win Superbowl (and Blog Roundup)

by Luke Landes

I don’t know much about sports betting, but I wouldn’t be surprised if there are some people — other than those affiliated with the team who will receive big bonuses — who are significantly richer thanks to the New York Giants winning the Superbowl. I’m not a big football fan, but I managed to catch ... Continue reading this article…

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How to Save a Million Dollars at Any Age: 35 Years Old

by Luke Landes

Kiplinger’s Personal Finance Magazine has some suggestions for saving a million dollars regardless of your age. The only catch is that it’s going to take several decades to get to that point. The passing time has a detrimental effect, however. Inflation will eat away at your purchasing power so $1,000,000 thirty years from now will ... Continue reading this article…

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How Do Finance Professors Invest?

by Luke Landes

A researcher at Central Michigan University surveyed 600 finance professors at major universities to determine their investment philosophies, practices, and the differerences between the two. You would think that those involved in higher education, teaching about market analysis, options and futures, and discounted cash flow analysis, would use these techniques when handling their own investments. ... Continue reading this article…

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Monthly Reminder: Subscribe to Consumerism Commentary

by Luke Landes

By subscribing to our RSS feed with feed-reading software such as Google Reader, you’ll always be aware of new content here. The feed contains full articles, so you only have to visit the website directly when you want to leave a comment or ask a question. Here is more information about subscribing to Consumerism Commentary. ... Continue reading this article…

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Banks React to Latest Fed Rate Drop

by Luke Landes

Overnight, almost all banks offering online high-yield savings accounts dropped their interest rates in response to the Federal Reserve’s recent reduction of the short term target rate. Updated APYs are here.

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How to Save a Million Dollars at Any Age: 25 Years Old

by Luke Landes

Kiplinger’s Personal Finance Magazine’s February issue has suggestions for saving a million dollars, whether you’re 25, 35, 45 or 55 years old. The authors assume that you’ve already been saving money every year, but provide a strategy to add $1 million to your net worth over time. At Age 25 * Contribute enough to your ... Continue reading this article…

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