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MoneyPants Theatre
Person of the Week

Rhonda Kallman is the "Pioneering Woman in the Beer Industry," per her fellow brewers. Once a co-founder of the beer company that makes Sam Adams, she now heads her own company which brews a premium light beer (Edison) and a caffeinated beer (Moonshot). She's too smart to go head-to-head with the giants; instead, she's finding her niche in the cracks they're too big to see. (more…)

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    True Confessions

    My Own Amazing Race

    I'm thinking about the nail-biter finale of TV's The Amazing Race. Uchenna and Joyce went from begging in the airport to being millionaires. What must that really be like, to feel destitute in the morning and rake in a million by night? Instead of counting sheep, I find myself counting dollars. What would I do with a million of them? I close my eyes and sink into the waves of numbers, soothing as a bubble bath. (more…)

    Talk to MoneyPants

    I am committed to paying off my credit cards ($25,000 worth). Here's my question - should I take a loan out from my 401k - at an 8.25% interest rate, to pay down a credit card with an 11.99% interest rate? On paper it looks good, but I know I will be missing out on the amortization of the money in my 401k. On the other hand, I would be paying myself back, and not the credit card company. Is this a smart move?

    Congratulations on taking steps to pay down your credit card debt. However, we do not think it's a smart move to borrow from your 401(k). You're a smart cookie because you've pointed out yourself that the 8.25% interest rate (more…)

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