September 23, 2013

Poverty Makes You Stupid

Why is it so difficult for the poor to break the cycle of poverty? Why is it so hard for the busy to stop procrastinating and for the lonely to find companionship? […]

Term Life Insurance: The Basics

No one really wants to think about life insurance. But once you settle into life with a spouse, kids, or both, something funny happens: You have to consider what’s best for your family, not just yourself. People begin to depend on you, and you on them — for love, for companionship, and, of course, for financial stability. Unfortunately, sometimes life throws a curveball. […]

Data shows spending on basics up

This month the Bureau of Labor Statistics released its annual survey of how American households spend their money last year. The results seem to validate feelings among Americans that it’s getting harder for the average family to make it on their current income. […]

Reader Mailbag: Old Songs

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. Helping Mom 2. Getting rid of credit cards 3. Credit card help 4. Buying a house? 5. More thoughts on GMOs 6. Gap year 7. Small business launch options 8. Staying at home? 9. Dealing with influx of money 10. […]

Anne and Matt, August 2013 Net Worth

In the series Naked With Cash, seven Consumerism Commentary readers share their financial progress on a monthly basis. They are joined by Certified Financial Planners who provide feedback on their journey. Read this introduction to learn more about the series. Anne and Matt are twenty-seven years old, living in the Midwest, with two children. […]

3 banking dealbreakers

One thing I’ve heard often from experts in the banking industry is that there’s a lot of inertia around people’s banking choices. What I mean by that is, people tend to stay with the same bank until it does something so heinous, so unforgivable, that they are forced to move on. Of course, there are some good reasons for sticking with a bank. […]

Book Review: “Soldier of Finance”

This post is by staff writer Honey Smith. There are many personal finance books out there, useful to people in all stages of personal finance. I have a lot to learn before reaching financial independence, and the editorial elves thought it would be useful if I shared some of what I learn with you. […]

15 Ways to Make Money While You Travel

Exploring the world can cost a pretty penny, but you can lower the cost of travel — and deepen your experience at each location — by doing side jobs along the way. Here are 15 ways to earn money while abroad. (See also: Best Travel Reward Credit Cards) 1. Write About It Travel writing may not pay much to start, but if you're traveling in countries with a lower cost of living, it may be enough. […]

5 Best Amazon Deals for Monday 09/23

Free App of the Day: Backgammon - This version is full-featured and free of advertisements, with challenging AI, pass-and-play multiplayer, and a host of helpful options. 50% Off Women's Fashion Denim Jeans - Choose from brands like from GUESS, Arden B., Wet Seal & more. $3000 off Samsung 55" 4K Ultra HD Smart LED TV and Get FREE Galaxy Tab 3 with purchase - Take your entertainment to a whole new […]

Discount Designer Clothing: 17 Places to Get Name Brands for Less

Everybody's looking for a deal, but the savvy shopper knows where to find one! For everything brand name, try out these major online retailers, who house discounts ranging from 50%–80% on your favorite couture accessories, clothes, and more. […]

Best Money Tips: 50 Ways to Make a Fast $50

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on ways to make $50 quickly, what to buy at dollar stores, and finding a job you love that still pays the bills. Top 5 Articles 50 Ways to Make a Fast $50 — Want to make $50 fast? Try pet-sitting or selling your blood plasma. […]

Snowballs or Avalanches: Which Debt Reduction Strategy Is Best for You?

Are you in debt? Well, according to Transunion, many of us are — at least when it comes to credit cards. If you answered "yes," then my guess is that you really want to get out of debt. […]

Millionaire Interviews 6

Here's the latest in my series of millionaire interviews, discussions with everyday people who have practical tips and insights into growing and managing wealth. My questions are in bold italics and their responses follow in black. […]

Wardrobing never was in style

I didn’t know that there was a term for “buying a piece of clothing with the intent of returning it after wearing it for one evening.”  It’s called wardrobing and it apparently cost stores nearly $9 billion last year, according to the National Retail Federation. Bloomingdale’s is taking matters into its own hands to combat this practice.  The idea is simple:  large, conspicuous tags front and cent […]

My credit cards fund my luxuries

We bought our first house three months ago. We are very slowly furnishing our home, and our credit cards are paying for it. No, I do not mean we are putting all the expenses in our credit card. We are making our own furniture and every single tool required to make the furniture and the wood we have bought for free, thanks to our credit card rewards! […]