Tag Archives: Finance - Page 6

The Quickening

Posted by on December 17, 2009 No comments

So I’m at the 7th and final stage of grieving: acceptance.  I have accepted that Microsoft Money is gone and will not be coming back, so I must move to Quicken.  It’s not without trepidation that I purchase Quicken and try to recapture the enjoyment of tracking my finances with a new program.  I had used Quicken a long time ago and was not as pleased as I was with MS Money, which is probably why I’ve used Money for over 10 years.

So I’ve gotten Quicken Deluxe 2010 installed and the first thing that pisses me off is that it has put icons on my desktop.  Not just one icon, which is tolerable, but 4.  One for the application and three sales pitches.  This is a terrible first impression.  One shortcut is to a co-branded version of FreeCreditReport dot COM – one of the biggest scams out there.  One is for their BillPay service, at $10/mo.  Even Wachovia, a premier bank, only charges $6/mo for integrated BillPay.  Unless Quicken doesn’t have 2-way integration with Wachovia, which is practically a dealbreaker for me.  MS Money had it. (Turns out, yes, Quicken does support online payments through Wachovia)  The final offer is for a typical rewards credit card provided by Chase.

First Launch: I am prompted to “Get Started”.  I have to enter my banks and their login info so Quicken can download transactions and whatnot.  I’m mildly impressed.  In MS Money, this was a separate step after setting up accounts.  It picks up my Wachovia account without a problem.  Then I do my Chase account.  Oops, there was a problem.  It says to try again later.  So I think, “Maybe it should be entered as a WaMu account, since that’s where it was originally opened.”  Nope.  Not found there.  It’s later now, so I try again under Chase.  Quicken crashes.  Ok, my impression of this program is sinking fast.

Second Launch: I get all of my accounts set up.  And I am quite impressed with how well it handled ALL of my accounts.  If I had a login for it, Quicken handled it.  I got my loans entered and the wizard was pretty easy to work through.  I browse through the preferences and set a few things to my liking, like two-line registers.  Now, I am downloading transactions for an account that doesn’t have real-time transaction updates.  And it’s frozen.  However, I was able to close the window (X) and it seemed to be a successful update.  We’ll see how that turns out on the others… ok, three of the four I had to close the window, but they seem current.  Not sure of this is going to be an annoyance or it’s just a fluke.

I’m going to give it an honest try, since I have no other choice, really.  I’ve tried GnuCash and that was definitely a step down.  So we’ll see how quick things get.

The “have it” habit

Posted by on December 1, 2009 No comments

At dinner tonight, I had the opportunity to train a new employee.  Not directly, but because nothing I ever do is simple, they got to experience exceptions to the order-taking routine.  At the close of the transaction, I was going to say something to the effect of “Enjoy your employment, lucky person” but decided against it.

As I ate, I considered this a little further.  I’m (still) employed.  I’m doing ok.  But at the same time, I’m a responsible employee and a quick learner.  I could have that job!  And since I’m still employed, I’m more desirable to employers because it shows I can keep a job.  I should have that job.

But what kind of flack would I take for doing something like that?  I’d be taking jobs away from someone who really needs one.  “You already have a good job.  Stop hoarding the jobs, jerk.”  This transitioned my thinking into class warfare: the “have’s” and the “have not’s”.  I think this needs revision.  It’s the “have not’s”, the “have enough’s” and the “have more’s”.  See, I want to advance from “have enough” to “have more”.  And I could, because I’m not currently in the “have not” crowd.

But like I said, that’s not really fair.  The rich get richer, as they derisively say.  I would be suppressing the “have not’s” – the class below me – from advancing to the “have enough’s”.  So, in order to spread some of the wealth, I will take that job.  And another.  And maybe another.  Then I will outsource my jobs to another person who could not get the job on their own.  Wait, it’s not really outsourcing, is it.  Insourcing?  No, not that either.  No, it’s reverse subletting.  I am going to sublet my jobs at a lower wage and take the difference as a “convenience fee”.  It works for property, why not jobs?

But as usual, I’m so far behind the times.  Of course, this is already done with day laborers, contract positions, and other temporary positions.  But those are all handled by businesses.  Businesses run by rich people.  The “have more’s”. Once again, I’m getting held back by the man.  It’s so hard to get ahead anymore.  Woe is me.

Financial Voyeur

Posted by on December 30, 2008 No comments

I am developing a strange addiction to watching financial news.  It’s sadly like other people’s obsession with celebrities.  I say that because financial news is generally crap.

It just seems that the headlines take the current headline and use that to explain the days movement of the market.  Like yesterday it was "Oil rises above $40 on Mideast tensions" and today it’s "Oil drops below $40 over world economic concerns".   I don’t think they have any clue.

I know it’s unhealthy to watch the markets daily, but like a voyeur, I never take action on what I see, it’s just filler, junk, vapid nonsense.

So anyway, that’s my confession.

The American Dream

Posted by on June 22, 2008 No comments

Part of The American Dream is supposed to be owning your own home.  I am a homeowner and was a long-time renter.  Recently, I noticed a chart in MS Money that made me take notice.  It was the "Net Worth Over Time" chart.

NetWorth

Can you tell when I became a homeowner?  It was February 2007.  The beginning of a steady climb in my net worth.  Prior to this, I was a renter, and the chart shows, my net worth growth was pretty stagnant.  Sure it went up as I put more in my retirement accounts and paid down debt, but not like the climb after becoming a homeowner.

Some argue that the expenses of owning a home outweigh the benefits, since rent covers all housing expenses.  As the chart shows, even with the expenses of a house, the value still grows.  This is equity.  When you buy a house, you have a property worth $x.xx, but you have a loan worth $x.xx, too.  It’s net zero.  Current housing conditions aside, as you pay down the loan, one side of the equation goes down, and one remains constant.  Whereas when you rent, you have property of $0.00 and a loan of $0.00.  As you pay your rent, neither side changes (for you.  It does for the rental property owner). You remain at zero.

I just thought I’d make a small post to say that this small visual reminder showed the value of home ownership to me.