Bank of America Paid Warren Buffett $1.4 Billion for a $5 Billion Investment

If you’ve been reading the financial news today, you might have heard that veteran investor and market-mover Warren Buffett invested $5 billion into the battered Bank of America. For this $5 billion investment, Buffett’s Berkshire Hathaway receives preferred shares, a type of investment that’s beyond the reach of most other investors. […]

Spare Change: Non-Political Edition

As expected, this morning’s article caused a lively discussion here at Get Rich Slowly. It also sparked a lot of complaints. Many folks — both those who agreed with the piece and those who disagreed — pointed out that they come here specifically because GRS tends to steer clear of political debates. Just to make it clear: Get Rich Slowly is apolitial. […]

Potential Refinance Plan for Mortgages

The housing market continues to be pretty weak, as it has been for several years, and it appears that the Obama administration is considering proposals that would allow homeowners with government-backed mortgages to refinance at today’s interest rates, which are historically low at around 4%. […]

Citi Platinum Select Card Review

With the recent recession still weighing on many people’s minds, and with the prospect of a double-dip recession causing some concern, many are looking for a credit card that can help them pay off their credit cards faster, and with a lower rate. […]

Reader Mailbag: Educational Television

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Life expectancy and Social Security 2. Generational inequality 3. Discretionary spending 4. Refinancing timing 5. Renting a car for vacation 6. Sticking to self-set deadlines 7. IRAs and brokerage fees 8. […]

Seven Clever Ways to Pay for Your Kids’ College

If you have little kids, you probably see college expenses as some distant cloud hardly deserving attention. But as your kids age, that cloud gets closer, darker, and larger, until suddenly you realize it’s a raging storm that threatens to wreck your personal finances. […]

The 2011 Economic Stimulus: Mortgage Refinancing

The American Reinvestment and Recovery Act of 2009, the 2009 economic stimulus bill, provided an opportunity for homeowners in trouble to qualify for mortgage modifications. […]

Money Leaks: Spoiling Food

Here’s a scary statistic from 2008 – we waste about a pound of food per person per day. Certainly not all of that is traced back to a person actually tossing out a pound of food, much of it is attributed to grocery stores and restaurants, but we all know the feeling of discovering moldy food in the back corner of our refrigerators. […]

Why Austerity Hurts: The Government’s Budget is Not Like Yours

This post is from new staff writer Sarah Gilbert. GRS readers liked Gilbert’s recent post on economics and current events, so today she’s offering more of the same. Unlike “entitlements,” the word “austerity” has come to mean something akin to “godliness” in modern political circles. And along with austerity goes the concept of running the government’s balance sheet like a personal budget. […]

8 Little Luxuries That Go a Long Way

It’s not always easy being thrifty. For me, it means not indulging my purse obsession as much as I’d like, forgoing the pricey bottles of wine, and decorating my house with thrift-store finds. I usually don’t mind, but sometimes, a little encouragement is in order. […]

Wardrobe Staples Every Man Should Own

Only in recent years have a majority of modern men become conscious of how they dress. Thanks to smoldering, handsome male celebs that guys-next-door quietly idolize and want to emulate, fashion-forward men — or metrosexuals — are more aware of what they’re wearing when they step out and how others perceive their various looks. They say that clothes make the man. It’s true — to an extent. […]

Best Money Tips: Deadly Credit Card Sins

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on credit card sins, how to make an unbeatable resume, and tips for debt management. Top 5 Articles The 7 Deadly Credit Card Sins — Don't commit the credit card sin of applying for too many credit cards at once. [Credit Karma Blog] Want an Unbeatable Resume? […]

Save Money by Teaming with Your Neighbors

US News lists 10 unusual ways to save money. Tip #1 is as follows: Share With Your Neighbors. When it comes to buying food or paying for things such as the Internet or Netflix, rally the troops (aka your neighbors) to save some money. […]

Mortgage rates still in the basement: When to pull the trigger?

One of my office mates recently got another house that was closer to his family’s activities.  From the looks of mortgage rates now it seems like he could have gotten quite a deal, even now!  Rates have stayed down for quite a while — quite a bit longer than I had thought they would, I admit. Rates have been in the basement for a few years, historically speaking.  Fixed 30-year mortgage rates now […]

Join Our Tweetchat on Thu 8/25, 12pm Pacific for Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win prizes! Use #WBChat to participate. This week's topic: How to save on back-to-school shopping. Learn about comparison shopping, how to buy only what you need, and setting a shopping budget. […]

Saving Pennies or Dollars? Airline Tickets

Saving Pennies or Dollars is a new semi-regular series on The Simple Dollar, inspired by a great discussion on The Simple Dollar’s Facebook page concerning frugal tactics that might not really save that much money. […]

Big-Ticket Items to Wait on Purchasing

Yahoo lists the following as big-ticket items that you should wait to buy (because they're supposedly going to get cheaper in the near future) as follows: Travel Cars Wedding Retail Remodeling Here are my thoughts on these: Travel - I haven't booked my January cruise yet and I'm hoping that the recent economic troubles/uncertainty slows down purchases (on the cruise itself, airfare, h […]

How to Hedge Against Gasoline Price Increases

When gasoline prices at the pump increased to the point where the cost was a major news item engendering backlash among the public, oil companies were sporting big profits. Consumers reacted by buying more fuel-efficient cars and traveling less, but there is another approach for investors — an approach that mimics what commodities and hedge fund traders do. […]

The Mighty Power of the Lowly Coin Jar (or, How I Saved $723 in Seven Months Without Effort)

This guest post is from Danny Iny, an author, strategist, serial entrepreneur, and co-founder of Firepole Marketing, the program that teaches expert marketing for non-marketers. If you like what you read here, check out his free video course or follow him on Twitter. In January, I started an experiment, a savings experiment. […]