Personal Finance

Exposure Drafts: Foodies and CPAs Both Know How to Handle Different Types of Stocks

Exposure Drafts appears every other Wednesday. Send your accounting cartoon ideas and favorite stock recipes to editor@goingconcern.com. You can follow Greg Kyte on Twitter.

Help This Big 4 Alum-Turned-PhD-Candidate with Her Homework (By Taking a Survey)

Recently, a PhD candidate contacted us about helping with her dissertation. That sounds strange since neither Adrienne nor I have any interest in working more than we do already and this sounded like work. Thankfully, we found out that we didn't really have to do too much.   Michele Frank wrote us last week asking […]

According to This FINRA Foundation Quiz, 76% of Millennials Have Absolutely No Clue

For real?   Only 24% of millennials were able to answer 4 or more Qs correctly. How do you measure up? #quiz @FINRAFoundation ^ http://t.co/1TuARC3IrO — Benjamin Bankes (@feedthepig) May 6, 2014 Now, I'm no accountant (as some of you like to remind me every. single. day) but I'd like to think I know a […]

When $11.99 at Taco Bell Can Cost You $300

taco bell.jpgNow that American consumers have maxed out their credit cards, they’re trying to pay for everything in cash or using their debit cards. Noble attempt but if they buy something when their account is zero, the dreaded overdrafts fees are bleeding them out. IT’S NOT FAIR!
It’s becoming apparent that banks will be vilified for anything that results in revenue. And who comes to the rescue when banks are wronging the American people? Congress, obv.
That’s right, thank God we’ve got lawmakers working for the people because right now the banks are “walking across the battlefield and shooting the wounded”, which, we have to admit, is a pretty awesome analogy.
Yes, banks are charging fees for too many things that shouldn’t be allowed. Consumers need to be able keep to spending long after their accounts are at zero. How hell else can this economy get rolling again if Americans aren’t spending?
Nevermind that 3,000 banks may collapse if legislation passes that would limit overdraft charges. And forget about setting up automatic transfers from savings, THERE ARE NO SAVINGS. Help us, Congress. PLEASE.
Overdraft Debit Fees Treat Customer to $300 Fast-Food Charge [Bloomberg]