dcsimg
Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.

Would you let your kid buy stock in Disney?


Would you let your kid buy stock in Disney?

Published 2/22/12  (Modified 12/18/13)

Would you let your kid buy stock in Disney? By Aaron Crowe

I'm not such a big fan of everything Disney that I'll ever win a trivia game about the Magic Kingdom. Like many parents, I like to go to Disneyland as often as I can afford it and watch my daughter light up when she sees Mickey.

Buying stock in Disney isn't as fun as using a Park Hopper pass to tour your favorite amusement parks, but it can be educational. What kid doesn't want to make money?

As an investment and educational tool, buying stock in Disney or any other company that caters to children can be a way to show them how to invest and hopefully make some money while learning about the stock market. There's plenty of math involved. They can learn about the power of reinvesting dividends, dollar cost averaging and how news events can move a stock price.

Direct stock purchase plans through Disney require a minimum investment of $250 to start and additional investments of $50 or more if you want to buy more shares. Unfortunately Disney doesn't sell framed stock certificates of one share of stock to give as gifts, as some companies do, so if you're looking for a keepsake, look elsewhere.

And there are other ways to show your love of Disney, of course. Chase recently started offering Disney's Premier Visa Card with colorful designs of Disney characters. The Disney Rewards Visa provides a similar look without the $49 annual fee. But until there's a Disney prepaid debit card, best to save these Read the full article »

How your tax withholdings can teach you the power of saving

Published 2/20/12  (Modified 3/2/12)

How your tax withholdings can teach you the power of saving By Justin Boyle

With tax season in full swing, people from coast to coast are finding themselves either happily or unpleasantly surprised by the size of their refund. Here's a simple method to help increase the size of your refund while also making a point about personal financial responsibility.

I was a teenager when I took my first job, cooking and topping pies in the kitchen at a local pizzeria. My first job also meant filling out my first W-4, and, admittedly, I didn't understand all the official terms and numbers right off the bat.

Read the full article »

Move over fast food: American credit cards land in China

Published 2/13/12  (Modified 2/28/12)

Move over fast food: American credit cards land in China By Megg Mueller

"Made in China" just took on a new twist, at least for one American bank. Citibank has just been given the green light to issue credit cards in the notoriously restrictive country, a coup that makes Citi the first Western bank allowed into China's rapidly growing banking market.

China joined the World Trade Organization in 2001, but it has been very slow to warm to foreign financial institutions on its home turf. While foreign banks have been allowed to partner with Chinese banks and issue co-branded credit cards, the Citibank deal marks the first time the Asian nation is letting a non-Chinese company fly solo.

Read the full article »

Branded credit card? No thanks

Published 2/8/12  (Modified 2/22/12)

Branded credit card? No thanks By Aaron Crowe

I went to Sears recently to buy a pair of shoes for my daughter, not knowing that paying for them would turn into a math lesson for the entire family.

I paid for the $20 shoes (on sale from the original price of $30) with a credit card, and was told by the cashier that the price would drop to $6 if I opened a Sears credit card on the spot. I'm usually happy to get 70 percent off, but I declined for a few reasons -- the main one being that I wanted to get out of the store quickly after finding the shoes...

Read the full article »

3 myths about professional financial advice

Published 2/6/12  (Modified 2/15/12)

3 myths about professional financial advice By Justin Boyle

A lot of people I know are taking steps to get their personal finances under control for the new year. They're trying just about everything, from swearing off credit card spending to keeping tight budgets of entertainment and retail expenses.

No one's given up yet, as far as I've been told, but we are only a little ways into 2012. A recent survey by New York Life indicates that a majority of Americans are setting similar goals for themselves, and that a startlingly small percentage of us seem to know what it takes to succeed...

Read the full article »

Emerald PrePaid MasterCard: Enough perks to make it worth your while?

Published 1/30/12  (Modified 2/15/12)

Emerald PrePaid MasterCard: Enough perks to make it worth your while? By Megg Mueller

By now, the W-2s are in the mail and filing your 2011 taxes is imminent; some of us will get it over with as quickly as possible, while others will prefer to wait until the middle of April. Whichever way you file, one thing is true for pretty much everyone; we'd like to send Uncle Sam as little of our money as possible and if we're due a refund, we want it fast.

Since this blog isn't about accounting methods, I'll address the second desire, the fast refund. H&R Block, the venerable tax return people, are offering a fast refund for clients willing to sign up for its Emerald PrePaid MasterCard when you have your tax return prepared at an H&R Block office...

Read the full article »