Category Archives: Guest Posts
5 Apps to Manage Your Finances
Managing your credit cards, current accounts and loans was tricky before the world of mobile technology and the internet combined.
Now, you can choose from many different applications for your smartphone that will help you stay in total control of your income and outgoings each month without having to delve into your filing system or deal with a single piece of paper.
Here is a look at five of the best personal finance applications for your phone, covering programs for both iPhone and Android devices.
Increasing Debt Means an Improving Economy
Economists are beginning to believe that consumers are having an easier time paying their bills. They are also feeling more confident that they will retain their jobs in order to continue making their payments on time. As a result, they will continue to pay down their credit card debts and obtain more loans for big ticket purchases. As people spend more money, they help to take the economy in a positive direction rather than holding onto it in savings as they have been doing in the recent past. Continue reading
Common Sense
As Mr. Laidlaw says, “It is very easy to prevent this from happening again. Do not rely on the person managing your money to also be the SOLE provider of accounting on your account. Mr. Madoff’s firm was creating the statements for his clients and manipulating the data. Any reputable advisor will also have another 3rd party provider issuing a statement. If you are using a TD Ameritrade, Schwab, or Fidelity platform then you should be fine, as they are issuing the statement. At my firm we create a consolidated statement that is also backed up by a 3rd party provider. Think of it as wearing both a belt and suspenders. The chance of your pants falling down is zero. Many of the stories that came out after from those who avoided Mr. Madoff had to do with the CPA or attorney reviewing what they were doing and advising the prospective client to not engage Mr. Madoff’s firm.
Common sense leads a reasonable person to think that the returns Mr. Madoff was claiming, without verification, had to be too good to be true. People chased greed and the appearance of success without doing basic due diligence on nothing more than a common thief.”
[custom_author=DavidLaidlaw]
