Category Archives: Ch. 5, Cash Management

Class Discussion: Why a A Rainy Day Makes Sense

There probably isn’t anything less exciting to do with your money than putting it towards a “rainy day fund.”  Looking back to Principle 5: Stuff Happens, or the Importance of Liquidity, you can understand the importance of making sure that … Continue reading

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Finance in the News: Suze Orman Introduces “The Approved Card from Suze Orman” – a Prepaid Debit Card

The Wall Street Journal article “Invasion of the Star-Studded Debit Cards” presents Suze Orman as the latest celebrity to introduce a prepaid debit card.   Ms. Orman follows in the steps of hip-hop mogul Russell Simmons and the Kardashians (although, the Kardashian … Continue reading

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Finance in the News and Class Discussion: Investors Move Toward Cash

To say the least, it’s been a troubling time in the stock market over the past few years.  As a result, many young investors are moving out of common stocks and into cash just when they shouldn’t be.  Earlier we … Continue reading

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Finance in the News: The Debit Card User Fee, Part 3 – Bank of America Backs Down

Teaching Tip:  There’s an excellent All Things Considered podcast from NPR titled “BofA Cancels Plans for Debit Card Fee” that you can assign before class. After the other banks didn’t join in and in response to consumer outrage and threats … Continue reading

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Finance in the News: The Debit Card User Fee, Part 1

Teaching Tip:  This is the first of two “Finance in the News” write-ups dealing with debit cards.  They can be used together or in a series for class discussions or assignments – either aimed at creating class discussion or as … Continue reading

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Student Exercise: A Closer Look at Credit Unions

The Wall Street Journal recently carried an article titled “Credit Unions: a Cheaper Banking Option.”  This article deals with the fact that credit unions typically have lower rates on loans and often have better deals on savings and checking accounts … Continue reading

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An Unplanned Expense of $1,000 Would Be Tough for Most Americans to Handle

What would happen to you if you needed to come up with $1,000 for an emergency?  If you’re like most Americans, you’d be in trouble.  This is a question that CNN.Money looks at in an August 10th article titled “Most … Continue reading

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Jean Chatzky on Surviving the Downturn

Jean Chatzky, one of the best personal finance writers around, just wrote her first column for Newsweek.  This column is titled “How to Protect your Portfolio from Politics” and also appears with a slightly different title, “Jean Chatzky: Surviving the … Continue reading

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What To Do With Your Cash

Certainly, if you want to survive this, or any, economic storm you need something in the way of an emergency fund.  In fact, in Ch. 1, Principle 5: Stuff Happens, or the Importance of Liquidity speaks to this very issue, … Continue reading

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