Posts Tagged ‘Jack Handey’

A Million Dollars Richer - For Almost Nothing Except Coffee

A Million Dollars Richer – For Almost Nothing Except Coffee

By The Banker | Blog Posts, Investing, Personal Finance, Texas

Editor’s Note: A version of this post appeared in the San Antonio Express News I’d like to be a million dollars richer. And I don’t particularly want to work for it. I feel the way native San Antonian, former San Antonio Express-News writer and Saturday Night Live faux-philosopher Jack Handey did when he wrote: “It’s [&hellip

The Allowance Experiment, Completed!

The Allowance Experiment, Completed!

By The Banker | Blog Posts, Personal Finance

Last night completed Day 30 of the “Allowance Experiment,” in which I offered my eldest daughter a daily payment calculated as 10% of her allowance savings, compounding daily.  On day 1, she began with an initial grub stake of $1.  She received $0.10 on day 2 (10% of $1) and $0.11 on day 3 (10% [&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

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Q. Dear Banker, My wife and I are planning an addition to our house. We need the additional space, but I do not want this project to stretch our overall budget. Since I have a specific idea of how much I want to pay, a rise in interest rates would cause us to make different [&hellip