Watch Out for New Credit Card Fees

With the Credit Card Act of 2009 looming, its rules will go into effect in February, credit card companies are starting to institute more fees ahead of the rules changes. A new Wall Street Journal article cites several of these new fees including $1 processing fees for printed statements, reduction in rewards programs, and fees for inactive accounts. […]

Ask the Readers: Hamburger, What to Do With It? (A Chance to win $20!)

By Linsey Knerl Everyone knows that in most instances, hamburger is an affordable meat option. You can brown it, bake it, patty it, or fry it. Problem is...it gets a bit tiring when it's the ONLY meat you can afford. With so many people using hamburger in the world, why can't we move beyond our traditional meals of spaghetti, pizza, meatloaf, and sloppy joes? […]

Revisiting the Value of a College Degree

A couple months ago we discussed whether or not a college degree is still worth the cost. My opinion is that it's not worth it if you borrow to the hilt and get a worthless degree. On the other hand, if you make the most out of your college degree, it certainly is worth the time and cost. […]

Best Deals for Tuesday 01/05/2010

Baby Bodysuits and Onesies from $1.34 JetBlue 1-way fares Starting at $29 Save 70% at the Wisconsin Cheeseman Converse.com Post-Holiday Sale: Up to 80% off Dunkin' Donuts: Register Your Card and Get $2! […]

Would You Willingly Lose 25% of Your Money? Chances Are You Already Do

If I told you that I had a way to get up to a guaranteed 25% loss on your money what would you do? If you didn’t punch me in the face your next reaction would probably be laughter. Why in the world would anyone willingly take a 25% loss on their money? […]

Alternatives to High-Yield Savings Accounts

I am not surprised that my recent suggestion to start the decade off right by opening a high-yield savings account received a lukewarm reception. With rates between 1% and 2% APY right now, these savings are looking somewhat pathetic.Savings accounts are not designed to be investments. […]

Social Media and Identity Theft in 2010

By Jabulani Leffall In the next few days and weeks you will be bombarded with things to watch for in 2010 — you know, lists and such. They will detail ways to save, what the best vacation destinations are, who's hot and who's not — you know, the important stuff. Most of this important stuff, such as this blog post for example, you may wish to share via a social networking site: Facebook, Twitter, […]

Over $5,400 in Prizes to Win in the 2010 Money Crashers Giveaway

I can’t think of a better way to kick off 2010 than by giving away thousands of dollars in prizes. Starting today, you all have many different opportunities to enter the Money Crashers 2010 New Year Bash Giveaway! […]

Best of Money Carnival

Just a note that the first Best of Money Carnival for 2010 is now up. Congrats to all participants and especially the winning post, Personal Life Lessons Learned from Board Games. I made the carnival as well with my post titled Contrarian Thoughts on Charity and Giving. […]

Personal Finance 101: Getting Started with Banking

We all did it at the beginning of our financial lives. We grew up. We moved out. We opened accounts at a bank on our own, quite often a different bank than the one used by our parents. And we had to figure it out. How should we pick a bank? How do we move the money over? What should we put in our checking account? Our savings account? […]

5 Reasons Not to Apply for a Loan Modification in the Home Affordable Modification Program (HAMP)

By Xin Lu The Home Affordable Modification Program (HAMP) rolled out last year currently has over 700,000 people in trial modifications and a little over 30,000 in "permanent" modifications. The program has been plagued with consumer complaints of lost paperwork and denials. Here are some reasons why many consumers are better off skipping this program all together. 1. […]

TV Everywhere Might Just Be a Big Bully

My family turned off our TV service a few weeks ago, and we’ve been fine so far, watching things through Hulu, iTunes, or Netflix, wherever it’s cheapest. […]

Buying a House with Redfin Experience

For the last few months, my wife and I have batted around the idea of buying a new home. There’s nothing wrong with our current home but we’d really like a place that had some character to it. A place that was slightly bigger and one that wasn’t quite cookie-cutter (we’re in a townhome now, so we’re identical to everything around us). […]

New Job, New You

I spent 17 years working at a job I hated, afraid to pursue my passions. I’ve spent the past two years doing something I love, and the difference in my attitude is like night and day. Some folks take the position that a job is just a job, that it’s not meant to be enjoyed, but merely to provide an income. I’m not one of these people. Neither is Alexandra Levit. […]

Creating a Financial Snapshot

Many people are reflecting on their accomplishments and mistakes this time of year. I like to use this time as an opportunity to review our finances and create a snapshot of where we stand. It helps us to see what we need to improve on and what goals to set for the upcoming year. Cash flow I start with cash flow because you need to make sure that you’re not spending more than you earn. […]

The Four Levels of Sound Mind Investing (And Giveaway!)

The following is a guest post from Christian-based Sound Mind Investing. For more on SMI, see my review of their book and their website. Also check out the end of this post to win a free one-year subscription to their website. At Sound Mind Investing, we believe that to achieve peace of mind in your investment decisions, you must be an initiator, not merely a responder. […]

A Little Financial “Spring” Cleaning

I know.  I know.  It’s freezing cold outside and we are right smack-dab in the middle of winter – but I feel the need to do a little financial spring cleaning. First, I need to go through my filing cabinet and gather up all income tax-related documents.  W-2’s will arrive soon – and I want to file my taxes as soon as possible this year.  I also want to go through my old tax returns, label them, an […]

How To Buy Cheap Eyeglasses Online

Since I’ve hit the point where I would either need longer arms or glasses to read small print, I’m just about ready to visit the optometrist. However, having paid hundreds for glasses for my family, I’d rather find something less expensive than what you’d typically pick up at the specialty clinics. […]

Help a Reader: Career Direction

Here's an email I received recently from a reader: A little bit of background on me. My wife and I (ages 26 and 27 respectively) have been married going on five years and are pretty conservative with our money. We bought our first home four months ago for 126K (5.375% fixed for 30) to get the home buyer tax credit, and put 20% down to avoid PMI (we were going to buy soon anyway) . […]

How the Average American Family Spends Their Income – And How to Trim It

Several times in 2009, I came across this thoroughly interesting infographic, originally from VisualEconomics.com: You can click on the image to see a larger version of it over at Visual Economics. The picture depicts how the average American family spends their income based on Department of Labor data. […]