Good reading for October 28th:
- Springwise: Bank run by street kids in New Delhi – “[I]n … New Delhi, India, … more than 1,000 street children have joined together to create a bank that helps them manage the small sums they earn each day. Launched in 2001 by a volunteer aid group called Butterflies, the Children’s Development Bank aims to empower children in several important ways.”
- For Those Born Rich, Lessons in How to Stay That Way – New York Times – “Teach them to rise above small things and look at the overall goal or problem.” Advice from rich parents to their kids — applicable, in part at least, to all of us. Goals are a great way to keep focused on money!
- Fight Thieving Restaurant Servers With Checksum Tips | Punny Money – This has been linked to a lot, but it’s an interesting way of tracking your money. A lot of work, but it would be easy to make a Wesabe API client that would do this for you automatically.
- Military Money – This blog by a Wesabe member stationed in Iraq has great advice in general, and especially for people in the military and their families.
- Living paycheck to paycheck gets harder – Yahoo! News – “Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills.”
- Mortgage industry facing more troubles – Yahoo! News – “In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad — and most of them expect it to get worse.”
- Credit contagion infects your wallet – MSN Money – “My worst nightmare about the collapse of the subprime-mortgage market is coming true. The horrors let loose among mortgage borrowers and lenders by falling housing prices have begun to sink their fangs into the market for auto loans and credit cards, too.” (via Wesabe user Rob the Ordnance Soldier)
- Rate Chasers Are Online and Moving Cash – New York Times – “Rate chasers, they call themselves: savers who hunt for the best interest rates at banks and credit unions and quickly move their cash from one account to another.”
- Overdrafts: US Bank To Let You Opt-Out Of Overdraft Protection – Consumerist – “US Bank will let customer opt-out of automatic overdraft protection. This would mean that if you bounce a charge, you just get charged an NSF fee instead of your account going negative, incurring additional fees, and increasing the likelihood of more checks and charges bouncing.”