July 10, 2009

Diversify Your Online Bank Accounts

For the last ten minutes I’ve been trying to access ING Direct, to no avail (it’s now available, but it was slow for about half an hour). While I’m certain my funds are safe and nothing is wrong, it certain solidifies the notion that you should be diversifying your bank accounts. Websites go down. In fact, websites go down pretty often and usually it’s not a big deal. […]

Best of Personal Finance: El Nino is Coming Edition

By Andrea Dickson Former and current Bank of America employees discuss how the bank's corporate policy encouraged getting low-income and minority customers into high levels of debt, because everyone loves a default. […]

51 Frugal Goals for a Birthday Weekend

It's the birthday weekend, and I'm celebrating the 51st candle on my slice of lifetime cake.With a gin and tonic and a lime-scented spirit of frugality, I am making these 51 wishes (goals) for the next 12-month period.To save an extra $5,000 in my retirement account.To spend less money on junk food.To write 51 letters (snail mail) -- roughly one letter per week.To write or revise 51 poems.Read 51 […]

The Great Plastic Packaging Reduction Update: How We're Dealing with Phase Two

By Myscha Theriault A while back, I wrote a post detailing thirty different ways we were using less plastic packaging around the house. It was a little overwhelming at first, even with all the steps we had previously taken to reduce waste in general. Still, we made a pretty good initial dent in things. […]

How Low Can You Go? Dal, Chilean Style

In April and May, National Public Radio featured a series on inexpensive gourmet dishes entitled How Low Can You Go?” Although many of the dishes looked quite tasty, most of the dishes weren’t actually all that inexpensive, often narrowly getting below $10 to feed a family of four, and many involved arduous cooking processes. […]

Submit Your PF Posts for the Carnival of Pecuniary Delights

By Greg Go Wise Bread is hosting the next Carnival of Pecuniary Delights and we're excited about the opportunity! This carnival by different because submissions do not have to be new blog posts. As long as the post is on topic (personal finance, frugality, money related) and good, it can be one week or two years old! […]

I Earned 20% More After Reading This Book

By Frugal Duchess Within the last 30 days, I've increased my monthly income by about 20 percent and I give credit to a book (from 1944!) that has really rocked my world, namely: How to Stop Worrying and Start Living by Dale Carnegie. […]

What is Money?

Here's a long but interesting comment that a reader recently left on my post titled Money is a Tool. I felt it was worth sharing with everyone since it's likely to spark some discussion: What is money? With all the literal and varied interpretations of what is money all about, let me point my views about it. Money is just a medium of exchange. […]

Possible Federal Action on Credit Rate Hikes

Nationwide, and probably on your street as well, credit card issuers are making life tough for consumers by raising rates and adding fees on otherwise good customers. The recently passed Credit CARD Act of 2009 is meant to protect non-risky customers from arbitrary rate hikes, among other things. Now, Senator Chris Dodd of Connecticut is asking Federal Regulators to review recent actions taken by […]

Tips for Avoiding a Foreclosure Prevention or Loan Modification Scam

By Xin Lu Rising home loan delinquencies and foreclosures have made con artists very  busy.  These scammers use the public records to find homeowners who are in trouble, and then use a variety of schemes to take the homeowners'  money and property in the name of helping the homeowner avoid foreclosure.   If you have late payments on your home loan then it is likely that you will be targeted. […]

Best Deals For Friday 7/10/09

By Paul Michael Today's WISEBUY. Back Again. Great Deals In The FRIDAY AMAZON SALE. Prices slashed on various products in Amazon's reliable Friday Sale.   1. FREE Gardein Vegetarian Entree Click where it says "take me to the freebie" and fill out your info so they can mail you a coupon for a free entree.   2. […]

10 Ways to Save Money and Still Keep Cool

Family Handyman magazine listed 10 ways to save money and still keep cool in its July/August issue, and I thought I'd tell where we stand on all their suggestions. Here goes: 1. Replace your old air conditioner. Think we may do this this year thanks to the available tax credits. 2. Switch to CFLs. We're in transition from regular bulbs to CFLs. 3. Install a programmable thermostat. […]

Rule #4: Eliminate (and Avoid) High Interest Debt.

A reader asked me if I could break down my ideas into a handful of principles. After some careful thought, I came up with a list of fourteen basic “rules” that summarize my money and life philosophy. I’ll be presenting these as a weekly series. This rule is about as subtle as a sledgehammer, of course. […]

Friday Finance Findings for July 10th

It’s been a while since the last roundup, but we’re going to get back into the swing of things this week. It’s been pretty challenging over the last few weeks trying to keep up with everything with the new baby around here. People always tell you how things will change once you have a child but you never fully understand until you actually go through it. […]

Employee or Entrepreneur? The Pros and Cons of Self-Employment

In my recent review of Pam Slim’s Escape from Cubicle Nation, Chett left the following comment: I was talking with a good friend last week who is self-employed. I told him I envied his entrepreneurial spirit and the ability to “go it alone.” He told me he envied my work as a teacher and the set hours and guaranteed pay check and insurance. […]

When to Use Savings to Pay Off Debt

By Philip Brewer One of the most common questions over on the Wise Bread forums is some variation on, "I have $X in savings but $Y in credit card debt. Should I use the savings to pay down the debt?" The answer, of course, depends on your situation--and there's a reason why the question keeps showing up. […]

10 Purchases That Can Harm Your Credit

Do you live your life as if everything you do could be made public? I once heard a suggestion that you should judge every decision you make based on whether you would like to see this decision on the front page of the New York Times. […]

Your Take: What Would You Tell Yourself 10 Years Ago?

Hindsight is 20/20, we all know that, but imagine if you not only had hindsight but also a time machine. What fun that would be! If you could go back in time ten, twenty, thirty years… what would you tell your earlier self? I would tell myself that it takes hard work, talent, and a little bit of luck to find success in this world, emphasis on hard work. […]

Reinvest Automatically With Lending Club

As of this week, I’ve collected $28.69 in Lending Club loan repayments, which corresponds to $20.09 in principal and $8.95 in interest. Since I now have over $25 sitting in my account, it’s time to reinvest in another note. Regular reinvestment is an important part of maximizing your Lending Club returns, as your cash balance doesn’t actually earn any interest. […]