Comments on: How to Create a Personal Finance Firewall

By: Investing 101 For Dummies

Investing 101 For Dummies — Thu, 19 Nov 2009 20:32:58 +0000

I love the concept. I happen to work online, and I do receive my payments from a variety of sources (Google, CJ, Linkshare, EPN, Paypal subscriptions). I do have a specific account I use for all online transactions, but I didn’t realize that it has overdraft protection. Time to correct that oversight.

By: Chelle

Chelle — Wed, 18 Nov 2009 18:43:04 +0000

It’s not a bad idea but I’d probably forget that I had money in the other account and the transferring it everytime I got a paypal payment (like 6-8 times a month) sounds like it would take more available time that I have.

I think though as long as you never click on a link through an email though you’re typically okay online. I always use a credit card for purchases – never a debit card because with credit you can at least dispute more quickly and get by with paying that min. payment until they get it resolved.

Nice idea!

By: Sean @ Bungalow A GoGo

Sean @ Bungalow A GoGo — Tue, 17 Nov 2009 15:18:49 +0000

Great suggestion – I do something similar, however I have learned a couple great suggestions to shore up my system.

By: kenyantykoon

kenyantykoon — Mon, 16 Nov 2009 19:03:31 +0000

i had never heard of these finacnce firewalls before this post and i will definitely start going about it.

By: Lawrence @ CRB

Lawrence @ CRB — Mon, 16 Nov 2009 13:38:57 +0000

I really like this concept. And, I really like the idea of using only one card but this wouldn’t be helpful to your credit score. You really need to be able to demonstrate responsibility with numerous tradelines.

By: Kristen@FiLife

Kristen@FiLife — Mon, 16 Nov 2009 00:45:01 +0000

nice concept. I agree with Erica – I like setting up the “pay minimum balance” option on my cc just in case life gets hectic and I forget…which unfortunately has happened.

By: Beverley

Beverley — Sun, 15 Nov 2009 18:56:21 +0000

I love this idea – its a great concept but I still prefer to carry cash for my everyday things and a debit card or credit card for large purchases.

By: Commercial Collection

Commercial Collection — Sat, 14 Nov 2009 11:22:08 +0000

Nice article. . I really enjoyed read this one

Thanks for sharing with us. .

By: Dylan

Dylan — Thu, 12 Nov 2009 15:48:54 +0000

Nice article! In answer to your hypothetical question about “shaving more off my cell bill,” I thought I’d add some admittedly unsolicited advice on the tangentially related topic of cell phone pricing structure, an area that periodically gives many of us pause and perhaps causes some reevaluate the necessity of the wireless plan altogether. Simply, if you’re paying a cell bill at all, you’re most-likely paying too much. We tend to think of wireless costs as fixed, but you can tinker with your plan to optimize your features to best suit your usage and often save significant cash in the process. I actually work in the consumer advocacy division of the Houston-based company Validas, where we electronically audit and subsequently reduce the average cell bill by 22 percent through our website, http://www.fixmycellbill.com . Put simply, Validas guards against frivolous and unnecessary charges that inflate your cell bill more than it should be for your usage. You can find out for free if fixmycellbill.com can modify your plan to better suit your needs by going to the website.

For more info, check out Validas in the national news media, most recently on Fox News at http://www.myfoxtampabay.com/dpp/consumer/conlaw/lower_cell_phone_bills_072409 .

Good to everyone reading on making sense of and subsequently reducing your wireless costs, especially in light of this unforgiving economy.

Dylan
Consumer Advocacy, fixmycellbill.com

By: dealsglobe

dealsglobe — Thu, 12 Nov 2009 11:20:58 +0000

Great concept, and thanks for the unofficial mention…………..