Bank IPOs: Mutual to stock conversions

Posted by Madison on November 1, 2007

For today’s Dollar-a-day challenge I closed a savings account that was originally opened at a mutual bank. Since that bank has converted I can move the money elsewhere where it will earn interest at a more competitive rate. Getting in on stock initial public offerings (IPOs) is rather difficult. Mutual bank conversions, however, provide a […]

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Dollar-a-day challenge

Posted by Madison on October 31, 2007

The dollar-a-day challenge is to actively earn a dollar or more each day that I otherwise wouldn’t have earned. It originally started to get some money tasks done at home (entering receipts, paying bills, etc.) But as always, it quickly morphed into something new…making money! Each day I try to pursue a new moneymaker. Ideally […]

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My Dollar Plan blog goals

Posted by Madison on

Here’s the goals for My Dollar Plan: Offer a place for friends and family to go to get answers to their questions. I spend a considerable amount of time researching and advising people on all money matters. Because the topics often repeat and overlap, I want to point them to this site for their answers. […]

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Savings Bonds in Electronic Form

Posted by Madison on

As I sort through the piles and piles of financial articles and clippings all over, I found an old clipping I saved in Bloglines. This article about how to convert paper savings bonds to electonic from My Money Blog is on my to-do list for Sam. As I was accessing her safe deposit box (I […]

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Strategy to Contribute More Than Roth IRA Limit Allows

Posted by Madison on October 29, 2007

One of my favorite retirement tools is a Roth IRA. Yearly contribution limits keep us from using it for all our retirement assets. However, a little known way to contribute additional funds is through the use of an after tax account with an employer who allows in service withdrawals. Fortunately my employer allows this. Here’s […]

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Introduction to Mydollarplan.com

Posted by Madison on

I have always had a passion for seeking out ways to squeeze every penny out of a dollar and then some. When I hear about a great financial idea I like to push it just a little further to see if I can’t make some more money. I opened my first IRA while I was […]

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