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Carrick on money: To save for a house, they lived in a tent

Couple with house key

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

To save for a house, they lived in a tent
A newlywed couple in Iowa saved $10,000 (U.S.) for a downpayment on a house after living in a tent for seven months. They plan to pay off their mortgage in six years.

The best way to save
Using one bank account, or many? This blog post talks about a study showing that someone with one account would save more money than a person with multiple accounts.

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What to give new parents
Consumer Reports lists its top-rated baby gifts.

GE's going nowhere fast
At look at the lost decade for shareholders of General Electric, where the share price is still below where it was when CEO Jeffrey Immelt took over in 2001.

Money matters
Join the 34,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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