May 27, 2009

Waiting For The Economic Recovery, Going Broke During The Recession

Waiting For The Economic Recovery Do you believe the news? According to top economists (”a prominent panel of 50 professional forecasters”), we’re supposed to be seeing the economy recover later on this year. If things go as expected, unemployment numbers and job losses should start shrinking fairly soon and economic growth should resume by next year. […]

Loan Scams: How to Spot the Red Flags

This piece offers some solid tips about avoiding lending scams: "Challenging economic times, declining home values and skyrocketing foreclosure rates have homeowners looking for solutions to help them keep their homes. An appealing option for some is loan modification—which involves working with your current lender to alter the terms of your existing loan. […]

Un-Broke: What You Need to Know About Money

I don’t watch much television; I’m more of a books and magazines and newspapers kind of guy. But I’ll make an exception this Friday. ABC will be broadcasting a special entitled Un-Broke: What You Need to Know About Money. According to the website: Schools teach us almost everything, but not “Money 101.” For the basics on finance, turn to UN-BROKE: What You Need to Know About Money. […]

Help a Reader: The Best Small Business Credit Card

Here's an email I recently received from a reader: I followed with interest your quest for the best consumer credit card and am currently working on moving mine to Schwab.  But I ran into a problem yesterday on a different plane.  I am a church administrator and our church staff has been using Advanta credit cards.  Advanta has now cancelled all their small business credit card accounts (4 days […]

FDIC Extends $250k Insurance Limit Through 2013

Remember when the FDIC raised their insurance limits from $100k/depositor to $250k/depositor? That extended coverage was set to expire at the end of this year. […]

Grocery Shopping 101: Quantity Surcharges and 10 Products to Watch Out For

One common trap with buying in bulk is the fact that on some products, the higher volume version often has a higher cost per unit than the smaller version. For example, I recently spied two cans of tuna on the shelf at my local grocery store. The same brand (Starkist) featured a 5 ounce can for $1.29 and a 12 ounce can for $3.19. […]

And Yet Another Reason to Hate Etrade

I've detailed previously that I hate Etrade because they closed their index fund leaving me high and dry. Not only that, they closed it at the end of March. Do you know what's happened since the end of March? It's up about 15%. That means I would have an extra $4,000 in my Etrade accounts if things had stayed the same and the index fund had not been closed. […]

Argentine Wine Hack: Make Bad Wine Better

By Elizabeth Sanberg While traveling in Argentina for 3 months, I visited Rosario, an off-the-tourist-path but major metropolitan city. Rosario was beautiful-- on the river, large parks, pretty buildings, amazingly friendly people. In some ways it offered a better glimpse of Argentine city life than Buenos Aires. At lunch on my first day in Rosario I ordered from the menu of the day. […]

Your House Is Not a Good Investment

The latest data show again that you shouldn’t expect to make more money from buying and selling the house you live in than you would from investing in stocks. In fact, you could do better with government-issued inflation-protected bonds. This isn’t just a result of the recent decline in home prices, 19% over the past year. […]

Office Space: Why I Rented a Place to Write

I recently leased office space for Get Rich Slowly. For about a year, I’d been working out of an office I’d created in one of our spare bedrooms. This seemed like an ideal solution: I was able to work from home (with my cat companions!) while utilizing empty space. In reality, this arrangement proved a blessing and a curse. Yes, it was convenient to have a home office. […]

Give Local Insurance Agents A Shot

My wife wrote an article last week about how you can save money going local for balloons and flowers, but here’s another reason you might want to go local - superior service. In working for my how to buy term life insurance post yesterday, I emailed my insurance agent, Deborah from State Farm, to get some updated quotes on term life insurance. […]

Update on My Chase Freedom Credit Card

I received my Chase Freedom Visa bill last night and I did NOT receive the notice that others are getting about the reduction in benefits. […]

Making Money With Lending Club and a Review of Peer-to-Peer Lending

Does Lending Club Work? Peer-to-peer lending has been around for a few years now, and two of the biggest players are Prosper and Lending Club. I’m going to talk a little bit about Lending Club since that’s the service I’ve been using and have the most experience with. To give you a quick primer on peer-to-peer lending, it’s a relatively simple concept. […]

Best Deals For Wednesday 5/27/09

By Paul Michael Today's WISEBUY. Up to 65% Off Cole Haan Shoes And Handbags at 6PM.com (dealnews) 6pm.com cuts up to 65% off select Cole Haan shoes and handbags, with prices starting at $58.08. Pay $6.95 for shipping.   1. FREE Logitech Webcam Today Only (refurbished, but it's FREE). […]

The Simple Dollar Weekly Roundup: Slight Redesigns Edition

Over the last week, I’ve been rolling out little changes to The Simple Dollar, mostly in an effort to make the site useable, and more are to come over the next few weeks. I don’t want to make a radical change to the site, but there are a lot of little things I’d like to add to the site - and some elements I want to remove. If you notice anything broken, please let me know. […]

Reminiscences of a Stock Operator

I read a lot of personal finance books. Most possess a certain sameness. They offer good advice, yes, but there’s nothing special about them. Perhaps that’s why I’m drawn to two specific types of financial books: narratives and histories. If a book can combine both of these elements, it’s a good bet I’m going to like it. […]

Tracking the Economy By Looking at Underwear

According to Alan Greenspan, this is of the first types of spending that consumers give up when a recession is felt personally. When men come to the point at which they need to save more money than usual and decide to cut bank their spending, underwear is at the top of the list of possible reductions. […]

How to Compare Mortgage Refinance Offers

With mortgages once again at historic lows, I’ve once again considered refinancing our mortgage. A few months ago we weren’t sure how long we’d be living in our current home and so we put off refinancing, despite rates being as low as 4.75% APR. […]

Beware the “No-Cost” Mortgage Refinance

As a followup to last week’s post about finding the best mortgage rates, I just wanted to remind you that there is no such thing as a free lunch. I mention this because those of you that are in the market for a new mortgage are likely to be confronted by offers for a “no-cost” refinance. […]