Financial News Story of the Day – Bank Transfer Day Goes Viral
All the big bank PR departments are probably thinking the same thing today: Uh-oh. Bank Transfer Day, hot on the heals of Occupy Wall St. and other similar movements are all about the people being fed up with big bank shenanigans, including new fees and high bonuses for executives (source: ABCNews.com).
Excerpt: “In about 18 days, more than 50,000 people plan to send a message to banks: Goodbye.
In an event titled “Bank Transfer Day” thousands are signing up to leave large banks in favor of credit unions on or before Saturday, November 5, over what some call unethical practices.”
Personal Finance Tip of the Day – Meal Mix Savings Can Add Up
I found a fun tip on saving on the cost of food simply by making meal mixes that you can eat later. It’s an intriguing concept for people who buy a lot of groceries at a time and want to make meals cheaply and efficiently (source: SimpleDollar.com).
Excerpt: “On the surface, I think this is a really good idea. Many mixes that you buy at the store can very easily be assembled at home, where you have much more control over the individual ingredients and thus the healthiness of the meal mix as well as the price.
The question is whether or not you can actually save a significant amount of money by doing this. My calculations seem to show that most of the time, you do save money by making the mixes yourself.”
Daily Finance Summary – Civil Unrest Against Big Banks Grows
First Occupy Wall St., and now Bank Transfer Day – things aren’t looking great for big banks. Stocks regained most of their losses from yesterday on word that Germany and France are close to a rescue for the European Union. China’s forex market took a suspicious dive, causing many to think it was all deliberate.
Stocks, Metals and Mortgage Rates
Dow Jones: 11,577 (+180) you earned +1.58%
S&P 500: 1,225 (+25) you earned +2.04%
Gold: $1,663 (+0.56%) you earned +$9
Silver: $31.91 (+0.09) you earned +0.34%
30-Year Fixed Mortgage Rates: 4.12% (-0.01)
15-Year Fixed Mortgage Rates: 3.47% (+0.03)
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