Bargaineering

Bargaineering is a blog that chronicles my personal finance life and where I discuss matters of shopping, insurance, investing, retirement, loans, credit cards, mortgages, bargain hunting and other issues in my life.

Latest Posts from Bargaineering (page 223)

Ban Credit Checks for Job Applications

Chris at The Consumerist referenced a story this week about how there are 16 states, including here in Maryland, considering a ban on using credit scores to make hiring decisions. Iv’e never personally experienced this or heard of a friend get denied a job because of their credit score, but this happens enough to warrant 16 states barring the practice. What’s the logic behind credit checks? […]

What is Return of Premium Life Insurance?

Life insurance sucks. If you outlive your policy, you spent a lot of money for not much of anything. If you don’t outlive your policy, well shucks you didn’t waste your money on premiums… but you’re dead. So when my insurance company sent me a package detailing one of their newest offers, a “return of premium life insurance” policy, I was intrigued. […]

$20 Lottery Scratch Off Tickets

Last week, as my lovely wife was waiting in line at the supermarket checkout aisle, I wandered around. I don’t really enjoy waiting around for much of anything. It’s a mixture of impatience, attention deficit, and boredom, but in the time between putting the groceries on the belt and taking our bags to leave, I usually wander around the front of the store. […]

What are Mortgage Accelerator Programs?

A mortgage accelerator program is a fancy name for a program that promises to help you pay off your loan faster than you would making regular monthly payments. With the recession and with falling housing prices, advertisements for these types of programs are popping up everywhere. […]

Payback Time by Phil Town

In Payback Time, Phil Town teaches you the tenets of value investing, the same approach that Warren Buffett takes, with today’s tools. With all the value investing books out there, what separates Town’s Payback Time, and his earlier work Rule #1, from the pack? […]

Best Places to Hide Money At Home

I had a conversation over the weekend with a friend of mine who likes to keep a little bit of cash at home in the event of a zombie apocalypse. As I reminded him that zombies don’t take US dollars, I thought a little to how we like to keep some cash on hand at home too. My friend was talking a thousand dollars or two, we keep maybe a hundred bucks. […]

Accounts Closed by Grantor Don’t Hurt Credit Score More

Over the last year, since the CARD Act was passed, a lot of people have had their credit card limits lowered or their cards canceled. Credit card companies, faced with these new rules, are looking to reduce their risk and so they’ve cut a lot of inactive or low activity cards (or saddled them with fees). […]

How to Protect Yourself From Inflation

One of the unintended, though predictable, consequences of the unprecedented rescue of the United States financial system is that there will be higher than average inflation figures for years to come. While it’s been popular to dispute the reported Consumer Price Index (CPI), the reality is that the marketplace doesn’t really listen to the reported stats. It reacts to reality. […]

Your Take: Boost Savings Rate by Cutting Taxes

Actions speak louder than words right? So why is the interest you earn from a savings account taxed at your marginal income tax rate while the dividend income you earn from investments is taxed at the long term capital gains rate? When we put our money in a high interest savings account, the interest we earn is taxed at 25%. […]

Transferring Brokerage Assets from E*Trade to TradeKing

When I learned about E*Trade selling their banking business to Discover, I knew my days with them were numbered (I later learned that only bank accounts with no brokerage relationships were moving… but alas the ball was already rolling). […]