Capital One 360’s 5th Annual Black Friday Sale

savings account

For those looking at getting a better deal with their checking and savings account,  you may want to check out CapitalOne 360. CapitalOne 360  is giving new customers big bonuses when you open up a new account with them from November 29th 12:01 AM ET through December 2nd at 11:59 PM ET.

$125 Bonus for 360 checking Account!

Now you can have a great checking account and a nice little buffer to start it off. We’ve had our checking account with them for years and have been happy with their service.

Open a fee-free 360 Checking account between November 29th and December 2nd and grab a $125 bonus.

savings account
Where you park your savings can have a big influence on your net worth
  • This has to be your first 360 Checking account.
  • Make a total of 5 debit card purchases (either signature or PIN-based) or 5 CheckMate deposits (or any combination of the two) within 45 days, and your $125 bonus will be automatically deposited into your account on day 50

Customers will earn interest on their everyday cash. APYs are effective 11/29/2013.

  • 0.20% Balances under $50,000
  • 0.80% Balances between $50,000 and $99,999.99
  • 0.85% Balances of $100,000 and more

Besides the bonus, there some other great features with their checking account.

  • No monthly maintenance fee
  • $0 required minimum balance
  • Free online billPay service
  • Conveniently located ATMs
  • Earn some interest rate if possible

If you want to open a checking account with Capital One 360, simply click here to get started and get a $125 bonus!

$75 Bonus for 360 Savings!

If you want to get your cash reserves a bump,

Open a no-fee 360 Savings account between November 29th and December 2nd and snag $75.

  • This has to be your first 360 Savings (including Orange Savings Accounts) account and it needs a $500 minimum initial deposit or more.
  • The bonus starts earning interest on day 1, but you can’t take it out for at least 30 days.
  • The variable Annual Percentage Yield (APY) is 0.75%, effective 11/29/2013.

If you want to open a savings account with Capital One 360, simply click here to get started and get a $75 bonus!

How to Save $1,000 without Living Like a Pauper

I’m sure the headline seems far-fetched – how can someone cut their expenses that drastically and not be subsisting on rice and beans?  I’m not going to lie, it does take some work, but you may be surprised at how you can leverage your time wisely and maximize your savings.

I highly recommend Brian’s book to anyone looking for practical ways to slash their bills. While not everyone has room in their budget to trim it by $1,000, Brian’s tips can still help you cut your expenses.

How to Cut Your Monthly Expenses By $1,000

Are you looking to cut your bills? Here are some of my favorite tips from O’Connor’s book:1000 challenge brian j oconnor

  • It’s more motivating to go for the big wins. Most of use don’t have a ton off free time to give to clipping coupons or saving a dollar or two here and there. That means that when you are deciding where to start with your savings, it pays to look for places where you can knock out $100 off and even better when you focus on recurring bills.
  • Pick a number and a deadline.  Choose a specific goal and have it done by a certain date. Don’t say ’save more’, but instead choose ‘save $50’ one on bill by Friday. O’Connor’s plan involved knocking off $100 each week. That kept him focused and motivated.
  • Negotiate your cable, phone, and internet bills. While we have been quite happy not having cable anymore (it was hardly used), I know that for many couples it’s an expense that they don’t want to eliminate. The good news is if you’re willing to spend a few minutes on the phone, you can save money. I’ve written about how we have cut the bundle and built our own entertainment plan that works for us while saving a bunch of money.
  • Cancel subscriptions you don’t use. That sounds obvious,but as O’Connor discovered several recurring charges on things he sign up for years earlier. Some of them were beneficial at one time, but most of them he didn’t use. One particular charge was on his cell phone bills tucked away, so you may want to review your bills to see if there are any fees for services you don’t use. You may be surprised with how much you can save.

 

Thoughts on $1,000 Challenge

Right now, people are looking for practical ways with improving their finances and books like the $1,000 Challenge show someone can make a huge impact on their finances with some focused effort. Pick up a copy at the library or buy it at the store. He takes a realistic approach that can help many people get a better handle on their finances without taking drastic measures. I’d love to hear from you – do you have any tips on how to reduce your monthly bills?

How Much Money Do I Need to Retire Review?

how much to retire review

how much to retire reviewToday I want to share a review (and giveaway!) for readers looking to retire smart. Todd Tressider, from Financial Mentor, has a wonderful book out. While the book is certainly a manageable size, there is a lot of information packed into the pages. Tresidder walks through how you can get an idea of what you need to have saved so your money doesn’t run out while you’re retired.

Basic Book Info on How Much to Retire

The kindle edition is $4.99, which is a steal, considering how much is covered in the book.

How Much You Need to Retire According to Conventional Retirement Planning

The book is broken up into main sections, based on different models that can be used to plan for retirement. The first section addressed is the conventional model, where financial advisers and calculators taken certain inputs and gives you a number or a range to shoot for.

He explains and helps you answer some important retirement questions, including:

  • How much income do I need for retirement?
  • How does inflation impact the amount of money I need for retirement?
  • How does life expectancy impact the mount of money I need to retire?
  • How much will my company pension and social security pay during retirement?
  • How much investment income can I expect during retirement?
  • How does the order of returns and market valuation affect your investment return assumption?

What I appreciate is that Todd pulls no punches with these questions and more. He shares the math and studies relevant to each question. You are encourage to run the numbers yourself and decide whether or not conventional retirement planning suits your needs.

From here, the second section covers creative retirement planning. Todd goes over how you can adjust and tweak your current lifestyle and assumptions based on scenario analysis. He gives some practical advice on how you can turn activities and hobbies that you enjoy into income streams that you can utilize when you retire. For couples approaching their retirement and are looking to shore up their finances, this section is for you.

The last section gives the cash flow model, which Todd used himself and allowed him to ‘retire’ (be financially independent) at 35. He crafted a three rule system handles inflation and life expectancy plus gives you diversified sources of income.

Autographed Book Giveaway

I met Mr. Tresidder last week in St. Louis and I attended one of his sessions. Not only is he extremely knowledgeable about investing, he is also a genuinely concerned about helping others get their retirement plan squared away.

He was kind enough to offer a couple pf autographed copies of his book and I’m giving them away on both my sites – one for a Couple Money and one for My Financial Reviews. There are several ways you can submit it:It’s simple to enter; I just want you to share your biggest retirement question by November 30, 2013. I’ll pick a winner December 1, 2013.

There are several ways you can submit it:

Once you do, just leave a comment below so I can record your entry.

An Investor’s Take on Gold’s Price Drop

gold coins

gold coinsThe recent economic crisis has shown that even a relatively stable investment such as gold is not excused to market changes. For several years now, investors and critics alike have debated over gold’s reliability and strength, especially during financial crises.

Gold is said to protect an investor’s purchasing power. According to an infographic published by Mining.com, gold helps mitigate financial risks by reducing the portfolio’s volatility. But despite gold’s credibility, like other stocks and commodities, gold too isn’t immune to price changes.

“Gold’s status as a hedge against inflation and a storer of wealth has taken something of a knock this year with inflation staying low in developed markets despite the constant money printing,” the website said. However, it adds that gold prices are still to benefit from monetary expansion.

As prices continue to dip, pessimistic investors are looking to drop gold from their portfolio. Meanwhile, the optimists took the low price of gold as a chance to buy more, and eventually earn more when gold regains its luster. But are we going to find gold back in shape in a few months?

According to a report by the Telegraph, the demand to buy gold is on the rise, especially when it comes to online gold trading. Bullion Vault , the world’s largest online market for buying physical bullion, said its index – which measures the balance of customers adding to their gold holdings over those who reduce them – rose to 54.3 last month from 53.0 in September,” the website claimed.

Historically, gold is seen as an alternative store of purchasing power. “When the world is being flooded with cheap money, Economics 101 tells you the prices of all tangible assets — including gold and silver — will eventually increase. And that’s why this could be a great buying opportunity,” MSN Money reported.

But as to when the prices will get back, analysts can only speculate. Investors reported earlier this year that gold might see an increase by the last few months. Although this may not be the present case, investors can only cling to the fact that gold has been an investor’s friend for centuries now.
Photo Credit:  motoyen