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Personal Finance By The Book

Personal Finance By The Book

Joe Plemon: Financial Writer

My Christmas Wishes for You

December 19, 2012 by Joe Plemon 2 Comments

I wish that you love this season as much as I do.  I have many fond childhood memories of Christmas, not so much of the gifts I received (although that red Schwin bicycle on my 12th Christmas was a sweet surprise), but simply the feeling of good will that pervaded my family, my neighborhood and […]

Filed Under: Random

7 Last Minute Tips for Black Friday Shoppers

November 21, 2012 by Joe Plemon 1 Comment

7 Last Minute Tips for Black Friday Shoppers

Black Friday, the crazy day where retailers tempt shoppers by slashing prices on selected items to nearly insane lows is nearly upon us.   If you are a Black Friday shopper, these tips should help you survive, or maybe even enjoy the crowds while you seek those bargains.  1. No credit cards. The perfect item […]

Filed Under: Dollars and Sense

Should You File That Insurance Claim?

August 29, 2012 by Joe Plemon 21 Comments

Our daughter Jaime recently called to tell us, through angry tears, that she learned from her mortgage company that her homeowner’s insurance policy had been cancelled. Evidently, when the mortgage holder tried to make a payment from Jaime’s escrow account, the insurance company couldn’t accept it because Jaime was no longer insured. After cooling down […]

Filed Under: Dollars and Sense, Insurance

Is Buying a New Car For Zero Percent Interest Loan a Good Idea?

August 2, 2012 by Joe Plemon 45 Comments

My friend Larry recently asked me a good question that led to a challenging question: “Joe, isn’t it true that everyone needs to be putting aside money every month for a car fund?” Joe, “Well, yes. Although some may be wealthy enough to have a nest egg generating vehicle purchase money, the vast majority of […]

Filed Under: Debt, Dollars and Sense, Vehicles

4 Reasons You Should Not Use Your 401k to Pay Off Your Credit Card

June 19, 2012 by Joe Plemon 51 Comments

Four Reasons You Should Not Use Your 401k to Pay Off Your Credit Card

Q:  We have $30,000 in credit card debt and it seems it will take forever to get it paid off.  Should I use money from my 401(k) to pay off that debt?  I am 35 years old. A:  I realize, when you see that money sitting in your 401(k), that there is a temptation to […]

Filed Under: Debt

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