Personal Finance: Caution pays off in stocking up for school
Related Stories Readers sound off on July 4th fireworks, MTA steel and Michael Jackson The city finance commissioner is leaving his post to take over the scandal-scarred Metropolitan Council on Jewish Poverty. At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure. Rapfogel is believed to have purchased insurance policies at inflated prices using the Met Councils money and then received kickbacks from the agent, Century Coverage Corp., a source said.
This compares to an average yield of 7.26% in the Real Estate preferred stock category, according to Preferred Stock Channel . As of last close, NRF.PRD was trading at a 4.04% discount to its liquidation preference amount, versus the average discount of 4.20% in the Real Estate category. Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com The chart below shows the one year performance of NRF.PRD shares, versus NRF: Below is a dividend history chart for NRF.PRD, showing historical dividend payments on Northstar Realty Finance Corps 8.500% Series D Cumulative Redeemable Preferred Stock:
Coupons are another money saver. Check the Sunday newspaper inserts for clippable coupons. Look at online sites, including Coupons.com, RetailMeNot.com and others. Packin’ a lunch Farley, who blogs on thrifty family life, says her 8-year-old son, James, always totes his own lunch, with things she knows he’ll eat, like peanut butter and crackers and a piece of fruit.