The Allowance Experiment Gets Better

The Allowance Experiment Gets Better

By The Banker | Blog Posts, Personal Finance

More Happy Unintended Consequences More exciting things (to me) keep unfolding from the ongoing financial education of my 8 year-old. A little while back I took all of my daughter’s tooth fairy savings and invested it in Kellogg stock, a wonderful, awful, idea of mine to begin teaching her about investing. Following that, my daughter [&hellip

The Problem of Tax Code Complexity

The Problem of Tax Code Complexity

By The Banker | Blog Posts, Taxes

With the nightmare US debt default temporarily avoided, let’s review some basics. The budgetary responsibility of the US Congress has two parts: 1. Set spending levels (money outflow) and 2. Set taxation levels (money inflow) Congressional rhetoric in the recent nonsense weeks mostly focused on spending (money outflow), whereas the harder but more meaningful discussion [&hellip

Poem

Poem “Investment Returns”

By The Banker | Blog Posts

It’s safe to say that when you’re watching the Red Sox in the playoffs in the middle of afternoon, drinking beer, you write poetry, correct? Well what a coincidence, so do I! Hence, my inaugural Bankers Anonymous “Finance Poem.”  Ahem, thank you.  Thank you very much.   Investment Returns   You CAN get from there [&hellip

Daddy, I Need An Allowance

Daddy, I Need An Allowance

By The Banker | Blog Posts, Personal Finance

Unintended Consequences Parents will recognize the following as the “If You Give a Pig a Pancake” problem, referencing the ubiquitous children’s book about giving a pig the first thing (a pancake) which leads to the next thing (some syrup), which leads to the next thing (a napkin), and so on. For those of you who [&hellip

Become a Money-Saving Jedi

Become a Money-Saving Jedi

By The Banker | Blog Posts, Personal Finance

A friend recently asked me to speak to her company at an informal ‘Lunch and Learn,’ about a common financial problem many of us face, namely “How Can I Save Money?” My initial thought – and some version of this is same thought occurs many times somebody asks me to help with anything[1] – is [&hellip