By any objective measure her allocation of assets was foolish. But time and luck were on her side.
Heard about the secret millionaire of Lake Forest, Ill.? I’ll assume not and recap. Grace Groner was born in 1909 and graduated from Lake Forest College in 1931, just about the worst year of the 20th century to enter the job market. Luckily for her, she landed a position as a secretary at the then obscure firm Abbott Laboratories. She was a secretary there her entire career, retiring at age 65 in 1974. She never married and lived modestly.
So far, it’s a story that could be called poignantly mundane. But add in a few more facts and it transforms into a personal-finance parable that will be repeated, and probably distorted, for some time to come.
He'd have shut up if I'd bought him the treat. Here's why I didn't.
During a trip to the Burke Museum I informed the kids that I would not be buying anything at the gift shop. However, the older boy had a tiny amount of cash and purchased a small souvenir. Little bro decided he should have something, too, and came at me with a stuffed animal.
What happened next wasn't pretty.
But be sure to check that sites selling the cards verify balances.
Is there a way to squeeze even more out of pre-owned gift cards?
Yes, by pairing them with store sales and print-out coupons or online coupon codes. Secondhand gift cards are a growing market and are available from sites including PlasticJungle.com, GiftCardsAgain.com and even eBay. Discounts can be as high as 30%, depending on the popularity of the store. But if you stack them on top of other deals a retailer may be offering, you get an extra layer of savings.
A few caveats:
Riders find some glitches, but cyclists are happy to see the result of years of lobbying.
Responding to public demand, Google Maps has released a new feature: directions on how to get from one place to another via bicycle.
“With this launch, we’re showing our commitment to providing maps for people, not just cars. We’re really proud to be a part of this growing movement in helping to build greener and more sustainable communities,’’ Peter Birch, project manager for Google Earth, told the National Bike Summit, according to Jonathan Maus at Bike Portland.
Jobless Californian lost his home to foreclosure. Now he lives in hotels, thanks to rewards from his frequent corporate travel.
A lingering benefit of his former well-paid and well-traveled corporate life is keeping a roof over the head of Jim Kennedy, who is now jobless, bankrupt and foreclosed on. He’s using his rewards from airline loyalty programs and hotel points to move from hotel to hotel.
And Kennedy knows how to work those points, says an amazing story in The Orange County Register.
Payday loan stores are doing very well, and their customer base is expanding.
Several Texas mayors are battling a foe that the Lone Star State's legislature doesn’t have the will (or guts) to face: payday lenders. One city has put a moratorium on new payday loan stores. Others are trying to control their spread with zoning laws.
The effort is described in one of a series of articles at DailyFinance about the expanding payday loan industry. What’s most amazing about the story is that payday lenders are able to flourish -- and charge astronomical annual rates of 400% or more -- in a state that has tough limits on interest rates.
Bundle: Find out where your neighbors spend their dining dollars.
For many, an empty restaurant is a suspicious restaurant. If it were good, the logic goes, people would be there. Eating. If it's desolate, there must be a reason. A critic's review has nothing on the reassurance delivered by a happily crowded dining room. So, where are the crowds?
Apple's device is available for orders Friday. How to weigh early adoption.
Owning a cutting-edge gadget has a certain cool factor, but early adopters rarely get a great deal. Some observers say Apple’s new iPad, available to pre-order Friday for an April 3 release, isn’t likely to be an exception -- though there will probably be no shortage of shoppers wanting to go first.
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