2
votes
2answers
382 views

Is it smart to move private (euro) savings to a different currency?

Lately, I'm hearing a lot of talk about the euro's impending demise (I don't know how true that is by the way). And it's making me a little bit worried about my savings. I don't have a lot of ...
5
votes
1answer
442 views

How can I cash out my prepaid cell phone?

As a very frugal person, I have a prepaid phone plan that costs $100 a year. For the past two years, I've spent roughly $50 of that each year. As long as I renew the plan with another $100 every year, ...
9
votes
1answer
320 views

Why does Currency Carry Trade work?

I understand the Carry Trade mechanism, but I wonder why it works, or why it doesn't work. Interest Rates Each currency has an interest rate associated with it. The Yen (JPY) has historically had a ...