Consumerism Commentary

This informative group blog was honored by Kiplinger as a “must-read” blog and named as one of Yahoo!’s “Ten Money Blogs Everyone Should Read.”

Profile of Consumerism Commentary

Latest Posts from Consumerism Commentary (page 203)

Who Are These Strangers on Twitter?

In my non-Smithee life, I spend a lot of time on Twitter, although it’d be more accurate to say I spend a lot of time through Twitter. I’ve made some solid connections and had interesting conversations, seen a lot of funny videos and kept up with the news I care about. Because my updates are not protected, anyone can start following me. […]

Bank of America Allowed to Deduct Fees From Social Security Benefits

Bank of America 1, Retirees 0. In 2004, Bank of America was ordered to pay $284 million to 1 million customers in a settlement. The bank was charged with using funds from social security or other government benefits in customers’ accounts to cover bounced check fees. The California Supreme Court overturned this ruling yesterday. […]

Majority of Bankruptcies Due to Medical Bills

Not only are most personal bankruptcies due to medical bills beyond the ability of the consumer to pay, but most of the households declaring bankruptcy for this reason do so despite having health insurance coverage. Researchers from Harvard Law School, Harvard Medical School, and Ohio University reported 60 percent of personal bankruptcies in the United States involved medical bills, an increase o […]

Would You Buy a Car From Wal-Mart?

After General Motors’ bankruptcy, there is no question that the automobile industry will change significantly. With less competition and higher costs of production, prices will increase. It will be more difficult and more expensive to find parts and service for some vehicles. […]

Savings Mistakes That Cost More in the Long Run

The economy is not out of the woods yet. Companies are still laying off employees; the automotive industry is just getting started. […]

Pros and Cons of Interest-Only Mortgage Payments

Yesterday, Consumerism Commentary reader Ryan suggested I write about interest-only mortgages. There is no such thing as an “interest-only mortgage.” Wouldn’t that be nice, though, to have a mortgage that did not require you to pay any principal back to the lender? […]

Comparing the Visa Black Card With American Express Platinum and Centurion Cards

American Express created a frenzy among the wealthy when it decided to take advantage of rumors of an exclusive black-colored charge card, used by movie stars and music celebrities for purchasing jets and other items beyond the financial reach of us mere mortals. […]

Personal Balance Sheet, Net Worth, Income, and Expenses, May 2009

Every month, consistently for the past few years, I take the opportunity at the beginning of the month to develop financial reports. The first report I post every month outlines my “modified” net worth, basically a balance sheet including my bank accounts, investments, the approximate value of my car, and my credit cards. Following the net worth report, I publish an income and expense report. […]

Thinking is Not Enough

This is a guest article by Frank Curmudgeon, author of the Bad Money Advice blog. For updates from Frank, subscribe to the Bad Money Advice RSS feed. We often see the struggle to get control of our spending as being the conflict between our emotional and logical selves. […]

Best of Consumerism Commentary, May 2009

Consumerism Commentary Podcast At the end of April, I began working with Tom Dziubek to create the Consumerism Commentary Podcast. During the month of May, we produced five episodes of the podcast, including interviews with Dr. Bonnie Eaker-Weil, Liz Pulliam Weston, Matt Wallaert, J.D. Roth, Kerry Taylor, and several others. The Consumerism Commentary Podcast is now available on iTunes. […]