Penny College

While we always hope our readers are smart investors and savers that never get into debt, we know that everyone at some point in their lives will encounter debt related issues due to circumstances outside of their control. NY Times has a great article this week regarding how old debts are sold to to debt [...]

It’s been awhile since we last discuss basic financial knowledge information for our novice readers. So today we’ll focus a on a topic that is the basics on building wealth and a nest egg for the long term. In financial planning, most assets (Stuff you own) are divided into two basic categories for the sake [...]

Now that the banking industry is back from the brink of collapse, new players are jumping into the marketplace. Which is a good thing for consumers, because competition tend to drive better service and lower cost. This is the case with a new online bank called bank Simple. The bank will be FDIC insured and [...]

Unless you’re a senior or receive government aide, you may never have heard of a program called LifeLine. Lifeline is a service developed by the FCC to provide phone service to low income families and seniors. If you’re part of the program, you can receive basic home phone service from the local phone company for [...]

Drivemint.com is a new Zipcar like car-sharing service operating in NYC. The service offers a range of rates that are just a little lower in cost than Zipcar or Connect by Hertz. The service is started by an owner of car parking garages in NYC. So the cost saving is a direct result of the [...]

The new AAA Report on cost of car ownership has just been release. As expected, the report indicate the cost of ownership rising due to higher fuel, insurance, and depreciation costs. In addition, due to the fact that newer cars having better fuel economy, the older cars are depreciating in cost faster. Therefore, unless you [...]

Since we’re only a few days away from the dreaded April 15th, filing deadline for incoming taxes. We thought we’ll revisit another popular topic related to taxes – The difference between tax credit and tax deduction. Both tax credit and tax deduction are good things to have on your side because it helps you lower [...]

Most people have a limited understanding of cost benefit ratio unless they work in the corporate accounting department. But the concept is actually pretty simple and can have a profound effect on life if one use it to measure whether an task or endeavor is worth undertaking. Basically, cost benefit ratio is a mathematical or [...]

Today, our favorite technology blog Gizmodo had a great run down on why paying anything above $5 for a HDMI cable is a rip 0ff.  Basically, since the signal is digital, you can use any cable that meets the HDMI specifications and always get a crystal clear picture. So don’t be a douche, use the [...]

Since its that time of the year, we’ve decided to answer another common question we get on a regular basis during the tax season. What is an AGI? Well, to put it simply, income is the grand total number you receive at the end of the year from all your pay and other sources such [...]