Archive for December, 2008
Where is Your Savings/Emergency Fund Parked?
The idea that your savings/emergency fund is supposed to be in a very liquid account is an idea I hope everyone understands and practices. However, where is the best place to park your savings?
Until the credit crisis, money market funds were enjoying returns around 5%, but now are seeing their yields sink below 2%. On [...]
Madoff’s Ponzi Scheme
Christopher Cox just cannotwait to get out of office at the SEC.  While Bernard Madoff’s ponzi scheme was going on far longer than he was in tenure in Washington, it looks bad for him to be head commish when it blew up. Â
For those that are just joining, a ponzi scheme, in simple terms is when someone [...]
Have a Merry Milk Your Money Christmas
We here at Milk Your Money want to let all our readers know that we value them and their opinions and that we have many great things in store for the upcoming year. Â
Spend time with your family, be grateful for all you have and maintain financial composure as much as you can. Â Remember you [...]
Have a Merry Bailout Christmas!
Nomura Securities chief economist David Resler has penned his latest holiday poem, featuring the Grinch as a home mortgage lender and hopes that a “brighter future will start this Christmas Day.”
He writes:
I have made it a holiday tradition to write a ‘review and outlook’ for the economy set to the rhythm and meter of Clement [...]
Buying Christmas Gifts for a Large Family
We have a large family that has a relatively unusual tradition every year. Â Anywhere between 20 and 25 people sit in a circle in a large 1960’s living room and open gifts. Â One at a time. Â Then we all talk at once about each gift. Â Then everyone gets a drink or “one more piece of [...]
Optimize your Thermostat Settings
There seems to be a constant debate about the best ways to save with your thermostat. For example, does it take more energy to keep your house at a constant temperature or to re-heat/cool your home by lowering/raising your thermostat settings every time you are away? What should your settings be at in [...]
How Do You Handle Large Amounts of Money?
Have you ever imagined what you would do if you were to come into a huge pile of sticky, wet, nasty cash? Â What if you win the lottery tomorrow? Â Are you ready? Â As prepared as you think you are, you aren’t. Â Blake over at YoungDough.com wrote in agreeing that he believes that a majority of [...]
Federal Reserve to Vote on Credit Card Reforms–Finally
The Federal Reserve is going to vote this Thursday on credit card reforms that are long overdue. If you remember, MYM actually sent a comment letter to the Fed giving our opinion on the rules as they were proposed. In general, we are happy the Fed is taking action. Frankly, if they didn’t take action, [...]
Have an Economic Christmas!
A few cartoons, both humerous and political, for you to enjoy as we round on the holidays. Â Enjoy and feel free to submit your own!
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Great DIY Home Remedies
Desperate for pain relief? Give one of these great home remedies a try…
Eliminate ear mites… All it takes is a few drops of Wesson Corn Oil in your cat’s or dog’s ear… massage it in, then clean with a cotton ball. Repeat daily for 3 days. The oil soothes the cat’s skin, smothers the mites, [...]
My Thoughts on Secret Millionaire
Fox has a new show called Secret Millionaire and is mysteriously placed during the evening when I happen to be unwinding in front of the telly. Â I saw the trailer for it and thought, “meh another stupid show.” Â After I got through the 45 minute intro, I gave it a chance. Â So what about it? [...]
2008 Recap of DIY Savings
To recap on the year, I have put together a list of some of the bigger DIY projects my wife and I have undertaken this year that have substantially saved us money. Actually, after adding up the estimated savings, we have increased our emergency savings this year by almost exactly the amount we have saved [...]
13 Ways to Save Money This Winter
Frank wrote a nice article yesterday regarding things to do financially before the end of the year. Â Those are routine maintenance tips that should serve you well as we wrap up 2008 in a very turbulent time, economically.
Another way to save money is to limit how much you spend heating your home. Â Winter is vicious [...]
Organize Your Finances Before the New Year
Last night I spent a couple hours digging through our finances before the years end. There are plenty of good reaons to do this a couple times a year, but for me it’s the property tax adjustments that force me into it before Jan 1.
I’m one of the few who opted out of paying my [...]
10 Creative Uses for Coffee Filters
Who would have thought that coffee filters would be found so useful? I am not sure exaclty but I might be addicted to these random tips for around the house. If you have extra coffee filters around the house, read on and check out This Old House there are some other really awesome tips there as well…check [...]
