Secrets http://www.wisebread.com/taxonomy/term/1808/all en-US 5 Types of Overspenders — Which One Are You? http://www.wisebread.com/5-types-of-overspenders-which-one-are-you <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-types-of-overspenders-which-one-are-you" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/shopaholic_overspending.jpg" alt="Shopaholic overspending" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Plenty of us overspend each month. Some of us overspend so much and so regularly that we end up with overwhelming credit card bills, missed loan payments, and black marks on our credit reports.</p> <p>One of the keys to gaining control over unhealthy spending habits is to recognize why you spend too much. There are different types of overspenders, and they break their budgets each month for different reasons. Recognizing those reasons can be the first step in fighting back against your bad financial habits.</p> <h2>A growing problem</h2> <p>The numbers from Northwestern Mutual's 2017 Planning and Progress Study show that many U.S. residents have a spending problem. According to the survey, nearly three-quarters of U.S. consumers are struggling with debt, owing an average $37,000 &mdash; not counting their mortgage payments. (See also: <a href="http://www.wisebread.com/6-old-school-tools-to-help-you-stay-on-budget?ref=seealso" target="_blank">6 Old School Tools to Help You Stay on Budget</a>)</p> <p>The survey found that, after paying for necessities such as housing, food, and transportation, Americans spend about 40 percent of what&rsquo;s left every month on discretionary expenses like travel, hobbies, and entertainment; they spend only an average 33 percent on paying off debt.</p> <p>What type of overspender are you? The odds are that you&rsquo;ll recognize yourself as one of the following.</p> <h2>1. The compulsive spender</h2> <p>Do you find yourself buying a new fitness tracker just because you've had a bad day at work? Does an argument with your spouse send you fleeing to the clothing store? You might be a compulsive shopper, one who overspends as a way to tamp down unwanted negative feelings. You might not even use the items you buy &mdash; just spending money on them is enough to provide you with temporary emotional relief.</p> <h2>2. The deal shopper</h2> <p>Do you find it impossible to turn away from a deal, even if you don't need the items that are on sale? Then you might be a compulsive bargain hunter. There's nothing wrong with looking for deals when you are shopping. But you shouldn't buy items if you don't need them, no matter how low their prices are.</p> <h2>3. Keeping up with the Joneses (or anyone else)</h2> <p>Did you buy that expensive car not because you needed it, but because you thought it would look good in your driveway? Then you might be obsessed with &quot;<a href="http://www.wisebread.com/6-ways-envy-is-keeping-you-poor?ref=internal" target="_blank">keeping up with</a>&quot; your neighbors, family members, or friends. For you, spending too much is all about maintaining the right image. You want everyone else to know how well you are doing. Unfortunately, it's expensive to keep up with everyone else. Spending too much just to bolster your image can leave you with loads of debt.</p> <h2>4. The secret shopper</h2> <p>Maybe you&rsquo;ve taken out a new credit card without telling your spouse. Or maybe you purchase expensive gadgets and electronics and hide them in the back of your closet. This type of overspending can result in serious trust issues in your relationships, and could ruin friendships or marriages. (See also: <a href="http://www.wisebread.com/4-ways-to-stop-your-spouse-from-overspending?ref=seealso" target="_blank">4 Ways to Stop Your Spouse From Overspending</a>)</p> <h2>5. The extravagant gift giver</h2> <p>Do you think buying your friends or family members new toys, expensive restaurant meals, and high-end wines will make them like you more? Do you routinely overspend just so you can give the best presents each holiday season? Then you might be overspending as a way to get others to like you. This, of course, doesn&rsquo;t work: People won&rsquo;t like you any more or less no matter how much you spend on them.</p> <h2>Breaking the cycle</h2> <p>How do you beat your overspending habits? The first step is to create a household budget listing how much money you earn each month, and how much you can afford to spend. Once you&rsquo;ve done this, you&rsquo;ll at least know when you are overspending on individual budget items.</p> <p>Next, it&rsquo;s important to recognize <em>why</em> you overspend. Does it make you feel powerful and in control? Does it make you feel wealthier than you are? Does it make up for a day of headaches and stress at work?</p> <p>Once you know what triggers your overspending, you can watch for those familiar urges. Instead of mindlessly overspending, you can replace the temptation to use shopping as a de-stressor by adopting other coping mechanisms, such as exercise, meditation, or other relaxation techniques that won&rsquo;t break the bank.</p> <p>You might even seek professional help &mdash; not just from a financial adviser, but from a therapist who can help you identify and control the triggers that lead to your overspending.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F5-types-of-overspenders-which-one-are-you&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%2520Types%2520of%2520Overspenders%2520%25E2%2580%2594%2520Which%2520One%2520Are%2520You-.jpg&amp;description=5%20Types%20of%20Overspenders%20%20Which%20One%20Are%20You%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Types%20of%20Overspenders%20%E2%80%94%20Which%20One%20Are%20You-.jpg" alt="5 Types of Overspenders &mdash; Which One Are You?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/5-types-of-overspenders-which-one-are-you">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-stop-your-mindless-spending">5 Ways to Stop Your Mindless Spending</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-signs-you-have-a-serious-spending-addiction">7 Signs You Have a Serious Spending Addiction</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-avoid-buyers-remorse">6 Ways to Avoid Buyer&#039;s Remorse</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-reasons-youre-bad-at-money-and-how-to-fix-it-asap">8 Reasons You&#039;re Bad at Money — And How to Fix It ASAP</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Shopping bad habits budgeting compulsive impulse buys keeping up with the joneses overspending Secrets shopaholic wasting money Tue, 27 Jun 2017 09:00:11 +0000 Dan Rafter 1971188 at http://www.wisebread.com 11 Secrets You Need to Tell Your Financial Adviser http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-secrets-you-need-to-tell-your-financial-adviser" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-165869622.jpg" alt="Couple sharing secrets they need to tell their financial adviser" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So you've made an appointment to sit down with a financial adviser and formulate a plan for your future. Are you prepared to talk about your full money situation? In order to truly help you, your financial adviser needs to look at the big picture. That means there can be no major money secrets.</p> <p>Financial advisers will often begin each session by asking a lot of questions that may seem personal. But they'd be negligent if they didn't. In fact, it's their fiduciary duty to learn as much about you as they can in order to advise you properly.</p> <p>Here's a list of secrets you'll need to share with your financial planner if you want the best advice.</p> <h2>1. All of your debt</h2> <p>When you're being crushed under a mountain of debt, you may not want to talk about it. But a financial adviser is perhaps the best person to discuss it with. Your adviser can't craft a sound financial plan for you if they're unaware that a good chunk of your income is going to pay off debt. If you let them know about your full debt situation, however, they may be able to assist you in climbing out of the hole and onto the path toward financial freedom.</p> <h2>2. Any job loss</h2> <p>It's not always easy to admit you are out of work. But a financial adviser can't help you properly if you don't provide a full picture of your income situation. If you're out of work now, let your adviser know. If you were out of work for a long stretch in the past, let them know that as well. Financial advisers can also help you navigate what to do when your income has been cut, as well as advise you on what to do with old 401(k) accounts and pension money. (See also: <a href="http://www.wisebread.com/if-youre-lucky-enough-to-receive-a-pension-here-are-6-things-you-need-to-do?ref=seealso" target="_blank">If You're Lucky Enough to Receive a Pension, Here Are 6 Things You Need to Do</a>)</p> <h2>3. Family members you support</h2> <p>Do you pay child support? Do you regularly send money to your brother up in Buffalo? Do you have an elderly parent living with you? Your financial adviser will want to know about any money you spend to support other people, even if it's only occasionally or informally. These are expenses that have an impact on your overall financial picture, and are not the kinds of costs that you can easily eliminate.</p> <h2>4. Sizable gifts</h2> <p>You're fortunate enough to be given $25,000 from your generous Uncle Steve, but you feel like it's really not something you want people to know about. After all, who might come knocking on your door now that you have this extra cash on hand? That's understandable, but it's important to tell your financial adviser, because they can offer advice on what to do with the new funds. An unexpected influx of cash, even if it's just a one-time gift, can have a ripple effect on your overall saving strategy.</p> <h2>5. Tax troubles</h2> <p>Have you been diligent about paying your taxes? If not, this is something you'll want to tell your adviser. This goes for late taxes, tax liens on properties, and past audits. The longer you wait to take care of tax problems, the more you may end up paying in penalties and fees. Your financial adviser can help you clean up your tax issues, and will be in a better position to help you plan your future.</p> <h2>6. The status of your marriage</h2> <p>If you're meeting with an adviser, it helps to let them know if you're about to get married, or if your marriage is about to end. Marriage and divorce have all kinds of financial implications on everything from income to taxes to planning for retirement.</p> <h2>7. Your vices</h2> <p>Gambling. Alcoholism. A shopping addiction. We all have our bad habits, but it's important to be aware of those vices that impact your finances. Are you at risk of incurring debt due to a major gambling binge? Is alcohol preventing you from landing steady work? Your financial adviser can't accurately assess your finances if they don't know the situation.</p> <p>According to Doug Amis, a CFP with Cardinal Retirement Planning in Cary, NC, even casual marijuana use is something clients should disclose to planners, because many life insurance companies still test for it.</p> <h2>8. Anything that your kids need to know</h2> <p>Hans Scheil, CEO and owner of Cardinal Retirement Planning, says that his most challenging clients are those who have kept important information from family members. This secrecy can create difficulty in later years, when facing important estate decisions.</p> <p>&quot;What happens with people now is that they develop dementia, or some sort of chronic illness, and they end up needing care,&quot; Scheil said. &quot;This is when all of the family scandals come out.&quot;</p> <p>Scheil says it's important to anticipate what your children and grandchildren may need to know about your estate to avoid strife down the road.</p> <h2>9. Charitable giving</h2> <p>It may seem odd to think of this as something you'd hide, but financial advisers say they've met with clients who have quietly been giving to a cause that their spouse or other loved ones might not agree with. Your donations to charity may not seem like anyone's business, but they can impact your overall savings if you give a substantial amount. A financial adviser can also walk you through getting tax deductions for your charitable donations.</p> <h2>10. Your own lack of financial knowledge</h2> <p>Are you the type who doesn't know an IRA from an IPA? Are you mystified by mutual funds and baffled by bonds? It's OK, your financial adviser is not there to judge you and will likely be more annoyed by any attempt to bluff your way through a meeting. Financial advisers can help you understand the ins and outs of investing and estate planning, so it's useless to pretend to know more than you do.</p> <h2>11. All of your side hustles</h2> <p>When your financial adviser asks you about your income, they want to hear about everything. Not just your day job, but your side work giving piano lessons, your freelance writing, your pottery sales, and even your gambling winnings. You may be hiding this income because you don't want to pay taxes. But your adviser needs to know about this extra income, or else any financial plan they create will be flawed. Moreover, your financial adviser can often give you advice on how to turn a quiet side hustle into a legitimate, profitable business.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-protect-yourself-financially-during-a-divorce-or-separation">How to Protect Yourself Financially During a Divorce or Separation</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-a-divorce-improve-your-finances">Could a Divorce Improve Your Finances?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-myths-about-divorce-and-money-debunked">4 Myths About Divorce and Money, Debunked</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-during-a-spousal-separation">How to Manage Your Money During a Spousal Separation</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/bad-credit-it-might-cost-you-your-marriage">Bad Credit? It Might Cost You Your Marriage</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance debt divorce financial advisers financial planning gambling honesty job loss marriage Secrets taxes Tue, 28 Mar 2017 10:01:05 +0000 Tim Lemke 1915280 at http://www.wisebread.com 8 Sneaky Ways Wholesale Clubs Get You to You Spend More http://www.wisebread.com/8-sneaky-ways-wholesale-clubs-get-you-to-you-spend-more <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-sneaky-ways-wholesale-clubs-get-you-to-you-spend-more" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_warehouse_store_18578927.jpg" alt="Man learning sneaky ways warehouse clubs get you to spend more" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you're a loyal wholesale club shopper, or someone trying to decide if the&nbsp;<a href="http://www.wisebread.com/these-6-costco-items-will-easily-cover-your-55-membership">membership fee is worth the savings</a>, it's important to understand how Costco and Sam's Club trick you into spending your money. From the floor plan of the warehouse, to how they stock their shelves, everything is done for a reason. And that reason is to separate you from as much of your hard-earned money as possible. Here are the tricks to be aware of so you can become a savvier warehouse club shopper. (See also: <a href="http://www.wisebread.com/6-things-you-need-to-know-about-the-new-costco-credit-card?utm_source=wisbread&amp;utm_medium=seealso&amp;utm_campagin=article">What You Need to Know About the New Costco Credit Card</a>)</p> <h2>1. The Shiny Objects Are Stacked Up Front</h2> <p>Have you ever wondered why warehouse clubs put their 4K 65&quot; TVs right near the entrance, and you almost have to step over them to get in and do your shopping? This is where you'll also find all the coolest new gadgets and electronics that are designed to suck you (and your money) in like a <em>Star Wars</em> tractor beam. It's hard to not stop and daydream a little bit. But unless one of these bright and shiny objects is on your shopping list, keep on trucking.</p> <p>Warehouse clubs are also famous for stocking really cheap seasonal items near the front of the store, forcing you to walk by them. During the summer, you'll find bargains on camping chairs and shorts. During the winter, you'll find deals on coats, sleds, and warm clothing. Known as &quot;<a href="http://www.wisebread.com/4-ways-to-spot-and-avoid-a-fake-sale">Open the Wallet</a>&quot; pricing, it's done to get you excited about the idea of saving money. Money that you can, in theory, use to buy more stuff at full price before you check out.</p> <h2>2. Bland Décor Tricks Your Brain</h2> <p>Have you ever taken a second and looked around at the décor at warehouse clubs? The gray concrete floors, the metal shelving, the pallets stacked to the ceiling. While some of it's for inventory reasons, it's mainly done to make it appear like very little money was spent on sprucing up the warehouse and all the money saved is being passed along to you, the shopper. It's clearly a Jedi mind trick designed to separate you from your money and make you think you must always be getting a great deal. Don't be fooled.</p> <h2>3. The Center Aisle Is a Trap</h2> <p>The center aisles at Costco, especially toward the front of the warehouse, are full of items that you had no idea existed but clearly cannot live without. If you're like most, and easily tempted to wander those aisles and throw a couple &quot;must haves&quot; in your cart, I have a tip. When you walk into Costco, keep your shopping cart in the outside aisle around the exterior of the store and shop from there. The best way to not be tempted by items you don't need is to stay out of the center of the store whenever possible.</p> <h2>4. Free Samples Can Play Mind Games</h2> <p>Costco doesn't offer free samples out of the kindness of their hearts. The do it because it helps pad their bottom line. Offering a sample creates a sense of reciprocity in which some shoppers feel obligated to buy something. Often it might not even be the product being sampled, but something similar. For example, maybe the orange juice you sampled is not your favorite, but you decide to pick up some apple juice instead.</p> <p>Also, there is an <a href="http://www.theatlantic.com/business/archive/2014/10/the-psychology-behind-costcos-free-samples/380969/">interesting psychological effect</a> that takes place when you indulge in a free sample with a bunch of people standing around you. It's as if you don't want to look like a cheap freeloader in front of everyone, so you'll throw a box of the cookies in your cart. The obvious solution to these psychological tricks is to quickly walk past the sample stations and stay focused on why you walked into the warehouse to begin with.</p> <h2>5. Large Quantities Don't Always Signify a Deal</h2> <p>Whenever you're shopping, and see a large pile of a particular item, most brains will automatically associate it with a deal. After all, just think of the quantity discount Costco or Sam's must have received by ordering such a huge amount of product. Surely that saving is being passed along to us shoppers. Right? Wrong.</p> <h2>6. Buying in Bulk Isn't Always a Deal</h2> <p>There are clearly some items that will save you money by <a href="http://www.wisebread.com/13-food-items-to-always-buy-in-bulk">buying in bulk</a>. But don't assume that just because you can buy in bulk from a warehouse club, it makes it a screaming deal. The take-away here is to always do the math and figure out the per unit price to determine if it's a good buy.</p> <h2>7. Expect Highly Targeted Marketing</h2> <p>Sam's Club is famous for looking closely at your order history and sending out targeted marketing campaigns via email and snail mail to get you back in the warehouse. By being aware that they're coming after you directly, you can better decide if the incentive or coupon they're offering really does give you the best value. Bottom line, it's not a coincidence that you just ran out of diapers and within a couple days you get a Sam's Club email with a coupon for diapers inside.</p> <h2>8. Beware the &quot;Fear&quot; of Missing Out</h2> <p>Perhaps the greatest psychological trick that warehouse clubs use is planting the seed in shoppers minds that once an item is gone, you'll never see it again. While this may be the case on seasonal items, it shouldn't be the deciding factor when deciding on a purchase. Do you actually need the item? Or will you end up storing it in the hopes that you might someday use it? If it's the latter, walk by the item like you have blinders on and your budget will thank you.</p> <p><em>How do you stay focused and not overspend when shopping at warehouse clubs?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/8-sneaky-ways-wholesale-clubs-get-you-to-you-spend-more">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/shop-in-stores-with-concrete-floors">“Shop in stores with concrete floors.”</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/sams-club-or-costco-which-warehouse-club-is-right-for-you">Sam&#039;s Club or Costco: Which Warehouse Club Is Right for You?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-things-you-should-buy-at-costco">15 Things You Should Buy at Costco</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/walmart-vs-sams-club-who-actually-has-the-better-deals">Walmart vs. Sam&#039;s Club: Who Actually Has the Better Deals?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/trader-joes-vs-costco-whats-a-better-place-to-shop">Trader Joes vs. Costco: What&#039;s a Better Place to Shop?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping Bulk buying costco deals sam's club Secrets sneaky warehouse stores wholesale clubs Fri, 15 Jul 2016 10:00:13 +0000 Kyle James 1752236 at http://www.wisebread.com 4 Sneaky Store Perks That Make You Overspend http://www.wisebread.com/4-sneaky-store-perks-that-make-you-overspend <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-sneaky-store-perks-that-make-you-overspend" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_sale_sign_000081444051.jpg" alt="Woman spending more with store&#039;s liberal return policy" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Retailers are notorious for finding clever ways to separate you from your hard-earned money. Many of these tactics, at first glance, seem completely harmless. After all, who doesn't like <a href="http://www.wisebread.com/8-free-things-that-arent" target="_blank">free shipping</a>, or an awesome return policy? But it's not until we dig a little deeper into the motivation as to why these &quot;perks&quot; are offered, that we see the real reasoning. Here are a few of these so-called &quot;perks&quot; and how we can avoid the retail traps.</p> <h2>Liberal Return Policies</h2> <p>Have you ever been in a store, trying to decide on a purchase, and told yourself you'll go ahead and buy it and just return it later if you don't use it? If you have, you're in the same boat as 91% of Americans who <a href="http://www.nytimes.com/allbusiness/AB4353479_primary.html">factor in the store's return policy</a> when making a purchase. But what you probably don't know is that the store is banking on you making this decision and often has a liberal return policy in place to help sway your buying decision.</p> <p>The fact of the matter is stores use their return policies as a way to pad their bottom-line because they know a percentage of shoppers won't ever bother to return the item. Instead, they'll keep it lying around, with a bunch of other stuff they don't need. The evidence even shows that the longer return window a store gives, the <a href="http://www.becomingminimalist.com/return/">less likely we are</a> to return the item. We tend to get attached to it, forget we even have it, or use good ol' procrastination to tell ourselves we have plenty of time to return it.</p> <p>So the next time you're standing in the aisle ciphering over a significant purchase, don't let the store's return policy trick you into making the purchase. Instead, make the decision based solely on need and a competitive price. If you use a liberal return policy as the deciding factor, be aware that you're playing right into the retailer's hand.</p> <h2>The Psychology of Free Shipping</h2> <p>Online retailers know that free shipping is a big deal for shoppers. As a matter of fact, 96% of online shoppers are more likely to shop on a <a href="http://www.inc.com/peter-roesler/why-free-shipping-is-a-must.html">website that offers free delivery</a>. But don't let free shipping blind you to other important factors you should consider. Namely the price of the item, how costly it might be to return the item, and the reputation of the website. In other words, don't let the attractiveness of free shipping keep you from doing a quick price comparison with an app like&nbsp;<a href="http://shopsavvy.com/">ShopSavvy</a>. After all, free shipping isn't that big of a deal if a competing retailer has a better price, even when factoring in shipping costs.</p> <h2>Attractive Rebate Offers</h2> <p>When I worked in the paint department at The Home Depot, we periodically had a &quot;rebate weekend&quot; where you got $5 back on a gallon of paint and $20 back on five gallons. But the rebate wasn't instant &mdash; it required you to mail in your receipt and wait for the rebate check to show up in the mail a few weeks later. You wouldn't believe the number of repeat customers I'd talk to that would buy paint with every intention of mailing-in the rebate, but would fail to do so.</p> <p>The fact of the matter is that rebates are still in the &quot;snail mail&quot; stone age. This is for a reason &mdash; retailers want to make them as hard as possible to redeem so shoppers will put them in the desk drawer and forget about them. And guess what? It works. Redemption rates hover in the 40%&ndash;50% range depending on the size of the rebate.</p> <p>The takeaway here is to always mail in the rebate as quickly as possible. The longer you wait, the more likely you are to not take the time to get your money. I strongly recommend keeping the rebate in your bill pile and fill it out the next time you sit down to pay your monthly bills.</p> <h2>&quot;Cheap&quot; Add-On Items</h2> <p>Just the other day, I was purchasing a workout program online and was happy to see it would only cost me $39.99 for several DVDs and a meal planning guide. Then when I was checking out, the site kept promoting these add-on products before they would let me get to the actual checkout page. Having only paid $40 for the program, I found myself intrigued and ended up spending another $30 for a bonus DVD, water bottle, and a couple cool trinkets.</p> <p>After I finished my purchase and was reviewing my order, I realized that I had played right into their hands. They offered a product for less than what I expected to pay, then persuaded me into buying some relatively expensive add-on items that do nothing but pad the store's bottom-line. You see this technique done all the time with infomercials and most recently with Amazon, which forces Prime customers to bundle purchases that include add-on items. Buyer beware.</p> <p><em>How do you avoid spending more when the deal looks too good to pass up?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/4-sneaky-store-perks-that-make-you-overspend">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-brands-with-the-best-warranties">6 Brands With the Best Warranties</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-sneaky-ways-youre-being-upsold">8 Sneaky Ways You&#039;re Being Upsold</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-save-10-20-on-online-purchases-every-day">How to Save 10-20% on Online Purchases, Every Day</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-big-brands-making-the-world-a-better-place">5 Big Brands Making the World a Better Place</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-free-shipping-and-online-discounts-across-the-web">How to Get Free Shipping and Online Discounts Across the Web</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Shopping fake perks free shipping rebates retailers return policy sales tactics Secrets Thu, 28 Apr 2016 09:01:03 +0000 Kyle James 1697848 at http://www.wisebread.com 7 Things Your Financial Advisor Wishes You Knew http://www.wisebread.com/7-things-your-financial-advisor-wishes-you-knew <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-things-your-financial-advisor-wishes-you-knew" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_thinking_money_000035721100.jpg" alt="Woman realizing what her financial advisor wished she knew" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The cat's out of the bag: You don't need boatloads of money to invest like the super rich &mdash; you just need to understand the ins-and-outs of investing well enough. And who better than financial advisors to share the secrets that can help you succeed as an investor? Read on for the coveted tricks of the trade that your financial advisor wishes you already knew. (See also: <a href="http://www.wisebread.com/investment-advice-you-should-never-hear-from-your-financial-advisor">Investment Advice You Should Never Hear From Your Financial Advisor</a>)</p> <h2>1. Start Early and Stick With It</h2> <p>Believe it or not, the best time to start investing is during your 20s. Yes, it's true that you probably won't have much money to speak of during these years, as you're just getting your feet wet. Nonetheless, your 20s are the ideal decade to start building your wealth, because the compounding power of time is on your side. You may not have access to much in terms of disposable income during these years, but odds are that you have access to something. Even if the spare change you have to work with totals no more than $100 a month, invest it. By the time you're ready to retire, you well may have racked up close to $200,000, assuming a 6% return.</p> <h2>2. Think Long-Term</h2> <p>Generally speaking, wealth generates slowly. So don't pass up opportunities to win small gains. The road to riches will have ups and downs, but there will always be ways to turn around your losses. The trick is to create and maintain a financial safety net, and play within those means. It will take time to build. But your safety net should ultimately be large enough to cover the risk you take on. It's true that big risk leads to big rewards. But it's important to refrain from taking on any risk that's bigger than your safety net. As your safety net grows, you'll be able to shoulder increasingly bigger risks responsibly.</p> <h2>3. Don't Panic</h2> <p>You're playing the long game, remember? Ignore Wall Street's daily temper tantrums. Avoid knee-jerk investments. And, above all, know your risk tolerance. The market recovers from even the biggest of crashes. Just keep your eye on the end game, and don't put all your eggs in one basket. Selling during a market panic is a financial mistake most advisors warn against.</p> <h2>4. Watch Out for Fees</h2> <p>There are few certainties in the world of investment &mdash; one of them is fees. Brokerage fees. Financial advisory fees. Investment service fees. Think of them as money out the window. And, while largely unavoidable, it is indeed within your power to monitor the fees you're paying for investment products and services and make sound decisions based on them. A good advisor will help you minimize these, by selecting low-fee investments and avoiding trading too frequently. The less you spend on fees, the more money you'll have invested that's actually working for you.</p> <h2>5. Don't Get Suckered by Big Names</h2> <p>Don't invest in companies simply because they are well-known as great companies. Invest in those that are great companies and also have stock shares selling at a great price. A good advisor knows that ideally, you want the stocks you buy to be under-priced &mdash; or at least priced fairly. This will give you the leeway you need to actually turn a profit.</p> <h2>6. Max Out Your Retirement Contribution</h2> <p>You can now invest more money into your 401K than ever. The IRS last year raised the maximum limit to $18,000, plus another $6,000 in annual catch-up contributions if you're older than 50. That means you could save for retirement while saving thousands on federal income taxes. But most Americans won't take advantage of it. In 2013, just 12% of folks with 401K plans contributed up to <a href="https://pressroom.vanguard.com/content/nonindexed/How_America_Saves_2014.pdf">the maximum limit</a>. Even if you can't afford to make the maximum contribution, you can still reduce your taxes by boosting your contribution by any amount. Investing in your 401K may not be sexy. But it's smart. And if your employer matches your contribution, you've just doubled your money.</p> <h2>7. Bolster Your Investment Income</h2> <p>The average American worker pays $16,000 a year in federal and state <a href="http://taxfoundation.org/blog/average-us-worker-pays-over-16000-income-and-payroll-taxes">income and payroll taxes</a>. That's a huge and (largely) unavoidable tax burden of 31%! But there's another type of income &mdash; investment income &mdash; that's generally taxed at a lower rate than employment income. Investment income is also exempt from state and local taxes, which means you can rack up significant savings if you live in a high-tax state or municipality. It can be intimidating to think that a significant portion of your total income can be derived from investments. But even if you start small, over time, it can.</p> <p><em>How many of these truths do you stick to?</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-things-your-financial-advisor-wishes-you-knew&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Things%2520Your%2520Financial%2520Advisor%2520Wishes%2520You%2520Knew.jpg&amp;description=7%20Things%20Your%20Financial%20Advisor%20Wishes%20You%20Knew"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Things%20Your%20Financial%20Advisor%20Wishes%20You%20Knew.jpg" alt="7 Things Your Financial Advisor Wishes You Knew" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/7-things-your-financial-advisor-wishes-you-knew">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-important-things-to-know-about-your-401k-and-ira-in-2016">5 Important Things to Know About Your 401K and IRA in 2016</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-money-moves-to-make-as-soon-as-you-conquer-debt">7 Money Moves to Make as Soon as You Conquer Debt</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-invest-when-youre-in-debt">6 Ways to Invest When You&#039;re In Debt</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-investing-tips-you-wish-you-could-tell-your-younger-self">11 Investing Tips You Wish You Could Tell Your Younger Self</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-online-sites-for-building-wealth">Best Online Sites for Building Wealth</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment 401k advice contributions fees financial advisors Secrets wealth building Tue, 02 Feb 2016 14:00:15 +0000 Brittany Lyte 1649367 at http://www.wisebread.com 4 Mortgage Secrets Only Your Broker Knows http://www.wisebread.com/4-mortgage-secrets-only-your-broker-knows <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-mortgage-secrets-only-your-broker-knows" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/buying_new_home_000073682313.jpg" alt="Learning mortgage secrets only your broker knows" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Taking out a mortgage loan to buy a home is a huge investment &mdash; probably the biggest you'll ever make. That's why it's important to cut as many costs of applying for a mortgage loan as possible. Who knows best how to reduce these costs? Mortgage lenders, of course.</p> <p>Here are four secrets that your lender should be sharing with you. Knowing these tips can save you big money.</p> <h2>1. Close Your Loan at the End of the Month</h2> <p>It doesn't matter whether you close your mortgage loan on the fifth day of the month or the 28th, right? Wrong.</p> <p>Rakesh Gupta, director of ARG Finance, says that borrowers who close near the end of the month will reduce the amount of prepaid interest they need to pay with their first mortgage payment. This one simple strategy could save you hundreds of dollars.</p> <p>&quot;There is complete liberty from the lender's end in letting you choose the day of the month on which you wish to close,&quot; Gupta said. &quot;But does he tell you that? He doesn't. He asserts you to close as soon as possible.&quot;</p> <p>Here's an example: If you close on November 5 and your first mortgage payment is due after January 1, your first payment will, of course, include the interest that accrued in December. But it will also include the interest accrued in November. If you close November 5, that's 26 days of interest.</p> <p>But if you close on November 27, you will only pay three days of interest for that month. If your interest comes out to $25 a day, closing on November 5 will cost you $650 in November interest on your first payment. If you close on November 27, it will cost you just $75.</p> <h2>2. No One Really Knows Where Interest Rates Are Heading</h2> <p>Your mortgage lender should be studying the market, and should have a rough idea of whether mortgage interest rates will be going up or down in the near future. But even the savviest lender can't tell you exactly what interest rates will do in the next week or month. No one can.</p> <p>That's why Nicholas Kensington with Scottsdale Real Estate says that if your lender quotes you a rate that you think is a good one, you should pay to lock it in place.</p> <p>&quot;Rates will end up fluctuating constantly,&quot; Kensington said. &quot;If you're out there getting quotes, that doesn't mean you're out there getting locked-in rates until you ask them to lock that rate. Don't make the assumption that anything is locked in until it's in writing.&quot;</p> <p>If you lock your interest rate, it will remain in place even if rates rise &mdash; or, on the downside, if they fall &mdash; after your lock. Make sure you know how long your lender is locking in your rate. It might be for 30 days, or it might be for 60. Make sure to get the specifics in writing.</p> <h2>3. No-Cost, No-Point Loans Don't Really Exist</h2> <p>You might hear lenders advertise no-cost, no-point mortgage loans. But Casey Fleming, author of <a href="http://www.amazon.com/gp/product/0615980708/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0615980708&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=2O6XPT6EBQZGARI3">The Loan Guide: How to Get the Best Possible Mortgage</a>, says that there really is no such thing as a no-cost mortgage loan. Instead, most lenders who advertise such loans will roll the costs of originating their mortgages into your interest rate. They'll charge you a higher rate for the &quot;no-cost&quot; loan, Fleming said.</p> <p>To avoid falling for this trick, make sure you know how much you are paying for your loan, even if lenders advertise it as a no-cost one.</p> <p>&quot;Ask for the total cost of financing over the holding period of your loan for several options, including rolling the costs into the interest rate versus no points versus paying points, and choose the lowest cost,&quot; Fleming said.</p> <h2>4. Refinancing Doesn't Always Make Sense &mdash; Even If Your Payment Falls</h2> <p>Fleming says that too many homeowners automatically decide to refinance if the drop in their monthly mortgage payment allows them to pay back the costs of their refinance in a short period of time, say three years or less.</p> <p>This is not always a sound financial strategy, and too many lenders ignore this fact, Fleming said.</p> <p>If you save $225 a month on your mortgage payment after refinancing, it might take you just two-and-a-half years to pay back the closing costs. But this payback analysis ignores the increase in your loan's term and the restarting of the amortization cycle, Fleming said.</p> <p>Say you've paid off 14 years on your 30-year fixed-rate loan. If you refinance to another 30-year loan, even one with a far lower interest rate, you might pay more over time because you are, essentially, replacing a mortgage that has 16 years to pay off with one that would require 30.</p> <p>At the same time, the amortization process starts over. When you first start paying off a home loan, the majority of your payment goes toward paying off interest. By the time you're on year 14 of your 30-year loan, more of your payment will go toward paying down your mortgage's principal balance, instead. If you refinance that 30-year loan, most of your payments again will go toward interest.</p> <p>&quot;Look at the total cost of financing over your anticipated holding period for both your existing loan and the proposed loan, including costs, and choose the lower,&quot; Fleming said.</p> <p><em>Have you taken advantage of any of these mortgage tricks?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/4-mortgage-secrets-only-your-broker-knows">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-it-safe-to-re-finance-your-home-close-to-retirement">Is it Safe to Re-Finance Your Home Close to Retirement?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-mortgage-details-you-should-know-before-you-sign">5 Mortgage Details You Should Know Before You Sign</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-surprising-things-lenders-check-besides-your-credit-score">4 Surprising Things Lenders Check Besides Your Credit Score</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-whats-included-in-a-homes-closing-costs">Here&#039;s What&#039;s Included in a Home&#039;s Closing Costs</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-valuable-rights-you-might-lose-when-you-refinance-student-loans">8 Valuable Rights You Might Lose When You Refinance Student Loans</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Real Estate and Housing closing costs interest rates lenders mortgage loan refinancing Secrets Mon, 14 Dec 2015 14:01:05 +0000 Dan Rafter 1619297 at http://www.wisebread.com 20 Money Mistakes Everyone Makes But No One Talks About http://www.wisebread.com/20-money-mistakes-everyone-makes-but-no-one-talks-about <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/20-money-mistakes-everyone-makes-but-no-one-talks-about" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_piggy_bank_000072626017.jpg" alt="Man making money mistakes everyone makes but nobody talks about" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Although Americans are known, adorably, throughout the world as a culture of loud mouths, we are very secretive about money. In fact, a financial health study in 2013 by Wells Fargo Bank revealed that 44% of Americans would rather discuss death, religion, politics, or their personal health than their financial situation.</p> <p>Our communal <em>tightlippedness </em>about financial problems keeps everyone in the dark. Because we are not able to learn from others' mistakes, we blindly walk into impending financial disasters, without a word of warning. Our unwillingness to discuss money can result in terrible financial problems, emotional stress, and even heartbreak.</p> <p>Here is a list of some of those terrible money mistakes.</p> <h2>1. Counting on Social Security</h2> <p>The Social Security trust fund is scheduled to run out in 2037. This does not mean that people will receive no Social Security. It d<em>oes </em>mean that if nothing changes between now and then, people can expect to <a href="https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html">take a 24% cut</a> in their scheduled Social Security benefits. People need to plan their retirement accordingly, in order to make up for this loss.</p> <h2>2. Going Poor From a College Education</h2> <p>It's a much-beloved American belief that one can escape poverty through education. And, up until the current generation, this has been somewhat true. Unfortunately, ballooning costs of education have made college a financial risk for many Millennials. According to a recent survey, the class of 2015 is the <a href="http://blogs.wsj.com/economics/2015/05/08/congratulations-class-of-2015-youre-the-most-indebted-ever-for-now/">most indebted ever</a>, with students owing an average of $35,000 in student loan debt. For many people who grow up poor, a college education actually increases their poverty.</p> <h2>3. Being Ignorant About Home Loans</h2> <p>I can say with 100% certainty that I did not understand my home loan when I bought my house. Luckily, I had a trustworthy real estate agent and mortgage broker who did not take advantage of my ignorance. Alas, many Americans discover too late that they have trusted the expertise of the wrong people.</p> <p>People are often confused about what is required to get a home loan. For example, 36% of Americans mistakenly believe that a <a href="https://www.wellsfargo.com/about/press/2015/homeownership-survey_0616/">20% down payment</a> is always required.</p> <p>One of the big questions any home buyer should ask is &quot;Does this make financial sense?&quot; In certain situations, you may want to weigh <a href="http://www.wisebread.com/when-you-should-and-shouldnt-rent">buying vs. renting</a>.</p> <h2>4. Overspending on Housing</h2> <p>Conventional financial wisdom states that housing should not make up more that 25% of your paycheck. This idea, of course, is hilariously unachievable to many people who live in expensive cities like San Francisco or New York. To cut costs, consider renting out your home as an Airbnb, or adding a roommate. Not every home must be a castle.</p> <h2>5. Not Understanding the Scope of Your Debt</h2> <p>In a recent study, researchers <a href="http://www.newyorkfed.org/research/epr/2015/EPR_2015_comparisons_brown.pdf">compared the household debt</a> as reported by borrowers to the Survey of Consumer Finances with the debt reported by lenders to Equifax using the Consumer Credit Panel. The outcome of the study showed that people have a good grip on how much they owe on their houses and cars, but not so much when it comes to credit cards and student loans.</p> <p>The researchers discovered that people estimated their credit card debt to be 40% less than what the lenders reported. Families underestimated student loan debt by 25%. The gap was worse in households with more than one adult. Researchers posit that people may be good at estimating their own debt, but terrible at estimating the debt of others.</p> <h2>6. Being Financially Unfaithful to Your Spouse</h2> <p>I was shocked to discover that 43% of married couples cannot correctly state their <a href="http://www.goodhousekeeping.com/life/money/news/a33112/spouse-salary-conversation/">partner's salary</a>. What's even more bonkers is that one in three adults in a combined financial relationship admits to <a href="http://www.wisebread.com/is-your-partner-financially-unfaithful-1-in-3-are">financially deceiving their partner</a>. No wonder so many marriages end over money issues.</p> <h2>7. Forgetting About the Children</h2> <p>Parents in every tax bracket have a hard time talking about money with their children. Keeping kids financially illiterate can have <a href="http://www.wisebread.com/4-signs-you-are-teaching-your-kids-bad-financial-habits">lifelong repercussions</a>, none of them good.</p> <h2>8. Forgetting to Budget</h2> <p>A Gallup poll reveals that only 32% of Americans prepare a <a href="http://www.gallup.com/poll/162872/one-three-americans-prepare-detailed-household-budget.aspx">detailed household budget</a> every month. This means the other 68% are just winging it. Without an accurate picture of where and how money is spent, it is impossible to make solid financial decisions.</p> <h2>9. Not Saving an Emergency Fund</h2> <p>I am a big fan of the &quot;<a href="http://www.wisebread.com/a-comprehensive-guide-to-the-debt-snowball-method-0">Debt Snowball</a>,&quot; as I have personally used it will great success. While many people focus on the snowball part of his debt management strategy, others ignore his first key step in paying down debt: putting $1000 in an emergency fund.</p> <p>Having an emergency fund is the foundation of financial well-being. Why? Because according to the Federal Reserve, 47% of Americans do not have the ability to cover an unexpected expense of just $400 <a href="http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdf">without selling something</a>. It's virtually impossible to stay out of debt if every little emergency forces you to borrow money.</p> <h2>10. Financing Major Purchases by Debt</h2> <p>My husband wants to buy a new television. However, because I am a shrill harpy, I have forbidden him to buy a new TV on credit. My reasoning: if we can't buy it with cash, we can't afford it. It makes a lot more sense for him to put away money each month for the television, even if it's in a savings account with a crappy interest rate, versus paying interest to a credit card company.</p> <h2>11. Buying New</h2> <p>Everyone knows that cars lose value the second they are driven off the lot. Most people never think about how virtually the same concept is true for almost every other new purchase. I am a great proponent of buying used. In fact, buying used goods is one of the ways I managed to <a href="http://www.wisebread.com/how-i-saved-30000-and-helped-the-earth-at-the-same-time">save over $30,000</a> in less than eight years.</p> <h2>12. Relying on One Source of Income</h2> <p>Working more than one job is stressful &mdash; believe me, I know. But even salaried workers with benefits can increase their financial stability by taking outside work. In shaky economic times, it literally pays not to put all your financial eggs in one basket.</p> <h2>13. Underestimating Tax Bills</h2> <p>For freelancers who never get a W2 form, April 15th often includes a bad financial surprise in the form of a bigger than expected tax payment. Make it a point, as soon as possible, to review your tax returns from previous years to get a clearer picture of what you will actually owe in taxes this year. If your income varies widely from year to year, get in the habit of putting at least 10% of every paycheck in a savings account to offset your taxes.</p> <h2>14. Failing to Negotiate Prices</h2> <p>Haggling is not just for garage sale shoppers. Big-box and department stores will usually match competitors' prices, so it pays to do price comparisons before buying big-ticket items. Also, cash is king. Many retailers are willing to adjust prices if you can pay cash. It never hurts to ask. (See also: <a href="http://www.wisebread.com/11-retailers-where-you-can-negotiate-a-lower-price?ref=seealso">11 Retailers Where You Can Negotiate a Lower Price</a>)</p> <h2>15. Overspending on Gifts</h2> <p>Consumer counseling agencies see a 25% jump in the number of <a href="http://abcnews.go.com/Business/story?id=88539">people seeking help</a> in January and February. After hundreds of dollars of holiday expenses, even minimum monthly credit card payments become more than they can afford. According to the American Research Group, Americans spent, on average, <a href="http://americanresearchgroup.com/holiday/">$861 for holiday gifts</a> last year. This is a princely sum for many people.</p> <p>There are numerous ways to hack holiday debt, including making your own gifts. My family agreed to stop exchanging Christmas gifts in 2001, an extreme decision that had many unexpected positive results. An old-school trick that always works is to put money into a jar (or a savings account) every month for holiday costs. What gets saved from January through November is the holiday budget for December.</p> <h2>16. Screwing Up Your Perks</h2> <p>I have managed to lose not one, but two free international round-trip tickets due to poor mileage rewards management. But credit card rewards are just one perk that people fail to use. Over the course of the year, people lose thousands of dollars in merchandise and services by just not using them. This is known as <em>breakage</em> or <em>spillage</em> in financial parlance.</p> <p>Breakage is such a common mistake that the gift card industry banks on it. Between 2005 and 2011, a <a href="http://blogs.wsj.com/economics/2011/12/24/number-of-the-week-billions-in-gift-cards-go-unspent/">staggering $41 billion</a> worth of gift card value was lost to expiration dates and misplaced cards.</p> <p>To reduce my personal breakage, I now tape coupons and gift cards to the front of my refrigerator so I remember to use them and have switched to an air miles program where the miles never expire.</p> <h2>17. Falling Victim to Rewards Credit Cards</h2> <p>Rewards cards can have a cost. My APR rate for my rewards card is 2% higher than my old non-rewards card. I make every effort to reduce this cost by paying off my bill every month in full, but many people are not this diligent &mdash; and quickly lose any rewards savings to interest payments. Additionally, even the most responsible bill-payers can fall victim to purchase acceleration. People tend to spend more the closer they get to the reward, often buying things they wouldn't necessarily have bought with cash. (See also: <a href="http://www.wisebread.com/12-habits-of-highly-responsible-credit-card-users?ref=seealso">12 Habits of Highly Responsible Credit Card Users</a>)</p> <h2>18. Not Continuing Your Education</h2> <p>I spend a ridiculous amount of time on the Internet watching how-to videos about the digital universe. Video tutorials are an excellent way to hack a continuing education, without having to pay for traditional college courses. You can also visit your local library, where you may find some educational freebies. For example, the Los Angeles Public Library offers <a href="http://www.colapublib.org/learn/">free Lynda.com tutorials</a>.</p> <p>Learning new things is vital to continued employment. Many workers accidentally age themselves out of their preferred jobs by not refreshing their skill set to stay competitive with younger workers. Learning new skills can also lead to promotions, greater negotiating power, and the ability to change careers.</p> <h2>19. Missing Out on Food Stamps, Unemployment, and Other Benefits</h2> <p>For several years I lived below the poverty line, but never thought to apply for food assistance because I didn't realize I qualified. I had a job, and I didn't know that most people who receive food assistance also worked.</p> <p>Not exploring food stamps and other benefits when you are struggling is really dumb. The extra $101 a month I could have received in food assistance would have made a huge difference in my life. I could have used the $101 to pay for necessary car repairs or to take a class that would have improved my employability.</p> <p>The USDA issued a 2012 report stating that <a href="http://www.fns.usda.gov/sites/default/files/BuildingHealthyAmerica.pdf">lack of information about eligibility</a> is one of the primary reasons qualifying Americans don't consider signing up for food benefits. Shockingly, less than half of all eligible nonparticipants are even aware that they qualify.</p> <p>Don't leave food on the table.</p> <h2>20. Not Seeking Out a Financial Mentor</h2> <p>Sure, I'm good at managing money. Duh &mdash; I write for a personal finance blog. But that doesn't mean that there's no room for improvement. My accountant and bookkeeper help me stick to my financial goals and develop the best practices for managing my money year round. Even the most money-savvy people can benefit from an outside opinion.</p> <p><em>What money mistakes do you rarely talk about?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/20-money-mistakes-everyone-makes-but-no-one-talks-about">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-bad-credit-can-impact-your-kids">How Your Bad Credit Can Impact Your Kids</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-critical-money-mistakes-people-make-in-their-40s">7 Critical Money Mistakes People Make in Their 40s</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-mistakes-to-stop-making-by-age-40">6 Financial Mistakes to Stop Making by Age 40</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-expect-after-these-5-personal-financial-disasters">What to Expect After These 5 Personal Financial Disasters</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-financial-frights-to-avoid">10 Financial Frights to Avoid</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance financial disasters money mistakes Secrets stress Tue, 24 Nov 2015 10:00:06 +0000 Max Wong 1615579 at http://www.wisebread.com Best Money Tips: Secrets to Saving at the Super Market http://www.wisebread.com/best-money-tips-secrets-to-saving-at-the-super-market <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-to-saving-at-the-super-market" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/grocery-shopping-app-136344681-small.jpg" alt="grocery shopping" title="grocery shopping" class="imagecache imagecache-250w" width="250" height="146" /></a> </div> </div> </div> <p>Welcome to Wise Bread's Best Money Tips Roundup! Today we found some amazing articles on secrets to saving at the super market, affordable beach weddings, and things you should check before buying a used car.</p> <h2>Top 5 Articles</h2> <p><a href="http://kiplinger.com/article/saving/T050-C011-S001-10-secrets-to-saving-at-the-supermarket.html?si=1">10 Secrets to Saving at the Super Market</a> &mdash; Downloading store apps and learning how to recognize the best sales can help you save at the super market. [Kiplinger]</p> <p><a href="http://www.savvysugar.com/How-Save-Beach-Wedding-35077586">12 Tips for an Easy and Affordable Beach Wedding</a> &mdash; To save on a beach wedding, keep it intimate and provide practical favors. [POPSUGAR Smart Living]</p> <p><a href="http://www.moneytalksnews.com/2014/06/25/6-things-you-should-check-before-buying-a-used-car-but-dont/">6 Things You Should Check Before Buying a Used Car, But Don't</a> &mdash; Before you buy a used car, look into maintenance costs and insurance premiums. [Money Talks News]</p> <p><a href="http://www.momjunction.com/articles/steps-to-find-a-good-doctor_00105641/">8 Easy Steps to Find a Good Doctor</a> &mdash; If you're trying to find a good doctor, ask your friends on your social networks for their recommendations and make appointments with doctors to see what they're like in person. [Mom Junction]</p> <p><a href="http://www.creditsesame.com/blog/seniors-at-risk-for-identity-theft/">What Seniors (and Their Caregivers) Need to Know About Identity Theft</a> &mdash; Seniors should get a secured, locked mailbox to protect themselves from identity theft. [Credit Sesame]</p> <h2>Other Essential Reading</h2> <p><a href="http://asklizweston.com/qa-when-to-start-taking-social-security/">Q&amp;A: When to Start Taking Social Security</a> &mdash; When it comes to taking survivors benefits, it may be better to start them sooner as opposed to later. [Ask Liz Weston]</p> <p><a href="http://staplerconfessions.com/index.php/save-time-and-money-in-5-minutes-with-this-gmail-feature/">Save Time and Money in 5 Minutes With This Gmail Feature</a> &mdash; Are you using the filter messages feature in your Gmail account? [Stapler Confessions]</p> <p><a href="http://www.bargaineering.com/articles/mobile-finance-apps-changed-spending.html">Mobile Finance Apps Have Reduced My Spending&hellip; And I Don't Even Use Them</a> &mdash; Even if you aren't using finance apps, simply installing them on your phone can guilt you into spending more wisely. [Bargaineering]</p> <p><a href="http://bargainbabe.com/half-college-grads-rely-family-but-should-they/">Half of College Grads Rely on Family: But Should They?</a> &mdash; Do you think college grads should lean on their family for help after graduation? [Bargain Babe]</p> <p><a href="http://parentingsquad.com/9-tips-to-become-a-more-attentive-parent">9 Tips to Become a More Attentive Parent</a> &mdash; If you want to be a more attentive parent, work while your kids are in bed and ban smartphones during family time. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-to-saving-at-the-super-market">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The Best Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-keep-food-waste-from-spoiling-your-budget">How to Keep Food Waste From Spoiling Your Budget</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/fresh-fruits-and-vegetables-by-the-month">Fresh Fruits and Vegetables, By the Month</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/breaking-the-bread-code-how-to-get-the-freshest-loaf">Breaking the Bread Code: How to Get the Freshest Loaf</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-meal-prep-subscription-boxes-worth-it">Are Meal Prep Subscription Boxes Worth It?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Food and Drink best money tips groceries saving Secrets super market Mon, 30 Jun 2014 19:00:04 +0000 Ashley Jacobs 1150192 at http://www.wisebread.com Best Money Tips: Secrets for Financial Success http://www.wisebread.com/best-money-tips-secrets-for-financial-success <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-for-financial-success" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/money-179693703-small_0.jpg" alt="money bags" title="money bags" class="imagecache imagecache-250w" width="250" height="160" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some stellar articles on secrets for financial success, ways to make an extra $500 a month, and frugal ways to enjoy summer.</p> <h2>Top 5 Articles</h2> <p><a href="http://lenpenzo.com/blog/id25399-38-secrets-for-success-my-personal-finance-manifesto.html">38 Secrets for Financial Success: My Personal Finance Manifesto</a> &mdash; Always remember that when it comes to saving money, patience is a virtue. [Len Penzo dot Com]</p> <p><a href="http://sweatingthebigstuff.com/6-ways-can-make-extra-500-month/">6 Ways You Can Make an Extra $500 a Month</a> &mdash; Becoming a search engine evaluator can help you score an extra $500 a month. [Sweating the Big Stuff]</p> <p><a href="http://www.savvysugar.com/Frugal-Ways-Enjoy-Summer-30852282">28 Frugal Ways to Enjoy Summer</a> &mdash; To enjoy summer, take a mini road trip or watch fireflies. [PopSugar Smart Living]</p> <p><a href="http://www.savvysugar.com/Frugal-Ways-Enjoy-Summer-30852282">Why Self-Employment May Be the Best Option After a Layoff</a> &mdash; Self-employment may be the best option after a layoff because it allows you to hedge your bets against a job that may never appear. [Money Smart Life]</p> <p><a href="http://www.consumerismcommentary.com/dont-let-contractors-rip-you-off/">Don't Let Contractors Rip You Off</a> &mdash; If a contractor is seeking you out, it might be a scam. [Consumerism Commentary]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.frugalconfessions.com/save-me-money/mortgage-hacks-breathe-new-life-into-your-american-dream.php">Mortgage Hacks Breathe New Life Into Your American Dream</a> &mdash; Are you planning on becoming a homeowner? Don't buy until you can afford a 15-year mortgage. [Frugal Confessions]</p> <p><a href="http://www.girlsjustwannahavefunds.com/for-love-or-for-money-should-you-get-a-prenup/">For Love or for Money: Should You Get a Prenup?</a> &mdash; It is a good idea to get a prenup to protect your property rights. [Girls Just Wanna Have Funds]</p> <p><a href="http://moneyning.com/life-style/the-surprising-truth-about-winning-big-on-a-game-show/">The Surprising Truth About Winning Big on a Game Show</a> &mdash; If you win big on a game show, you can't opt for cash-value as opposed to prizes. [MoneyNing]</p> <p><a href="http://andthenwesaved.com/fathers-day-gift-ideas/">Father's Day Gift Ideas for Under 50 Bucks</a> &mdash; A magnetic keyring holder may be the perfect frugal gift for your dad this Father's Day. [And Then We Saved]</p> <p><a href="http://www.wisebread.com/topic/best-money-tips">Help Your Child Discover His Identity</a> &mdash; To help your child discover his identity, give their abilities and talents a boost. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-for-financial-success">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-money-lessons-we-can-learn-from-gilmore-girls">6 Money Lessons We Can Learn From &quot;Gilmore Girls&quot;</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-inspiring-quotes-about-money-from-successful-women">6 Inspiring Quotes About Money From Successful Women</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/20-money-mistakes-everyone-makes-but-no-one-talks-about">20 Money Mistakes Everyone Makes But No One Talks About</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">11 Secrets You Need to Tell Your Financial Adviser</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-things-successful-millennials-do">7 Things Successful Millennials Do</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips Secrets success Wed, 04 Jun 2014 19:00:45 +0000 Ashley Jacobs 1141657 at http://www.wisebread.com Best Money Tips: Secrets of Successful Side-Hustlers http://www.wisebread.com/best-money-tips-secrets-of-successful-side-hustlers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-of-successful-side-hustlers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/laptop-1204300-small.jpg" alt="man using laptop" title="man using laptop" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread&#39;s <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on secrets of successful side-hustlers, tips for new taxpayers, and hacks to help keep your resolutions.</p> <h2>Top 5 Articles</h2> <p><a href="http://moneyning.com/make-money/5-secrets-of-successful-side-hustlers/">5 Secrets of Successful Side-Hustlers</a> &mdash; Successful side-hustlers master their money and learn to pitch themselves. [MoneyNing]</p> <p><a href="http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2014/01/6-tax-tips-for-new-taxpayers.html">6 tax tips for new taxpayers</a> &mdash; New taxpayers need to decide how to file and avoid leaving money on the table. [Don&#39;t Mess With Taxes]</p> <p><a href="http://www.getrichslowly.org/blog/2014/01/14/8-hacks-to-help-you-keep-your-resolutions/">8 hacks to help you keep your resolutions</a> &mdash; If you want to keep your resolutions, track your awesomeness. [Get Rich Slowly]</p> <p><a href="https://www.jeanchatzky.com/wednesday-welcome/wednesday-welcome-10-surprising-financial-facts-2013/">Wednesday Welcome: 10 Surprising Financial Facts From 2013</a> &mdash; Did you know that over the last five years, nearly 40% of US home improvement dollars went into kitchens? [Jean Chatzky Making Money Make Sense]</p> <p><a href="http://www.forbes.com/sites/rent/2014/01/18/how-to-narrow-your-apartment-search/?ss=personalfinance">How To Narrow Your Apartment Search</a> &mdash; To narrow down your apartment search, make a list of amenities you&#39;d most like in a new apartment. [Forbes]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.fivecentnickel.com/2014/01/15/failing-to-plan-is-planning-to-fail/">Failing to plan is planning to fail</a> &mdash; 84% of people don&#39;t plan on including financial planning in their 2014 resolutions. [Five Cent Nickel]</p> <p><a href="http://money.cnn.com/gallery/pf/2014/01/16/dream-trips.moneymag/index.html?section=money_pf&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_pf+%28Personal+Finance%29">5 dream trips of a lifetime</a> &mdash; Looking for a trip of a lifetime? Consider going to China. [CNN Money]</p> <p><a href="http://www.savvysugar.com/How-Organize-Entryway-22017067">15 Tips For Entryway Organization</a> &mdash; To keep your entryway organized, add lots of shelves. [PopSugar Smart Living]</p> <p><a href="http://parentingsquad.com/6-reasons-why-dads-shouldnt-be-intimidated-by-a-doula">6 Reasons Why Dads Shouldn&#39;t be Intimidated by a Doula</a> &mdash; If you are a dad, don&#39;t be intimidated by a doula because you will still have direct involvement in the birth of your child. [Parenting Squad]</p> <p><a href="http://gradmoneymatters.com/money-making-ideas/tips-for-when-you-need-to-fire-someone.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+GradMoneyMatters+%28Grad+Money+Matters%29">Tips For When You Need To Fire Someone</a> &mdash; When you have to fire someone, be polite about it and have documents for why they were fired. [Grad Money Matters]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-of-successful-side-hustlers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-you-can-earn-18-to-25-an-hour-with-amazon-flex">How You Can Earn $18 to $25 an Hour With Amazon Flex</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-i-make-800-on-month-on-ebay-selling-used-clothes">How I Make $800 on Month on eBay Selling Used Clothes</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income best money tips Secrets side hustle side hustlers Wed, 22 Jan 2014 11:00:21 +0000 Ashley Jacobs 1113514 at http://www.wisebread.com Best Money Tips: Secrets to Getting More Done http://www.wisebread.com/best-money-tips-secrets-to-getting-more-done <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-to-getting-more-done" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/business-4850812-small.jpg" alt="woman at desk" title="woman at desk" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on secrets to getting more done, quitting your job the right way, and staying warm for less this winter.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.moneytalksnews.com/2013/09/09/11-secrets-to-getting-more-done/">11 Secrets to Getting More Done</a> &mdash; Get more done by using a timer and purging your time sucks. [Money Talks News]</p> <p><a href="http://www.bargaineering.com/articles/how-to-quit-your-job-the-right-way.html">How to Quit Your Job the Right Way</a> &mdash; To quit your job the right way, give the required notice and tie up loose ends. [Bargaineering]</p> <p><a href="http://frugalzeitgeist.com/stay-warm-less-winter/">Stay Warm For Less This Winter</a> &mdash; Wearing extra layers can help you stay warmer for less this winter. [Frugal Zeitgeist]</p> <p><a href="http://www.dogster.com/uncategorized/costs-to-adopt-a-dog">The Steps and Costs for Adopting a Dog</a> &mdash; When adopting a dog, take into consideration the fact that adoption is not always easy. [Dogster]</p> <p><a href="http://money.msn.com/saving-money-tips/post--is-there-any-way-to-avoid-ticket-fees?ref=bfv">Is there any way to avoid ticket fees?</a> &mdash; Purchasing tickets at the box office can help you avoid ticket fees. [MSN Money]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.freemoneyfinance.com/2009/10/how-to-get-your-resume-read.html">How to Get Your Resume Read</a> &mdash; Using your network to get your resume hand delivered is a good way to ensure it gets read. [Free Money Finance]</p> <p><a href="http://www.savvysugar.com/Celebrity-Scholarships-31666528">5 Celebrity Scholarships You Didn't Know Existed</a> &mdash; Have you ever heard of The Letterman Telecommunications Scholarship? [PopSugar Smart Living]</p> <p><a href="http://kiplinger.com/article/spending/T059-C011-S001-how-to-save-on-holiday-airfares.html">How to Save on Holiday Airfares</a> &mdash; To save on holiday airfares, mix and match airlines. [Kiplinger]</p> <p><a href="http://www.creditsesame.com/blog/what-happens-when-you-stop-paying/">What to Expect When You Go Delinquent</a> &mdash; If you don't pay your mortgage, your bank may offer you the assistance options of short sale, loan modification, or forbearance. [Credit Sesame]</p> <p><a href="http://parentingsquad.com/12-ways-to-connect-through-storytelling">12 Ways to Connect Through Storytelling</a> &mdash; Acting out a story or sharing a family folklore can help you connect with your kids. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-to-getting-more-done">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-self-improvement-apps-to-make-you-smarter-stronger-and-happier">10 Self-Improvement Apps to Make You Smarter, Stronger, and Happier</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-reasons-you-cant-focus-and-how-to-fix-it-now">12 Reasons You Can&#039;t Focus — And How to Fix It Now</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-improve-your-decision-making-skills">10 Ways to Improve Your Decision-Making Skills</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-best-productivity-apps-for-really-busy-people-like-you">The 10 Best Productivity Apps for Really Busy People Like You</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/101-useful-things-you-can-do-in-15-minutes-or-less">101 Useful Things You Can Do in 15 Minutes or Less</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Productivity best money tips getting more done Secrets Mon, 16 Sep 2013 09:48:04 +0000 Ashley Jacobs 983630 at http://www.wisebread.com Best Money Tips: Secrets to Successful Haggling http://www.wisebread.com/best-money-tips-secrets-to-successful-haggling <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-to-successful-haggling" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/1357107092_da0ce7911e_z.jpg" alt="haggling" title="haggling" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on secrets to successful haggling, tax breaks every mom needs to know about, and making money spring cleaning.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.kiplinger.com/article/spending/T050-C011-S000-secrets-to-successful-haggling.html">Secrets to Successful Haggling</a> &mdash; Be sure to haggle when purchasing something at a yard sale, thrift store, or from the classifieds. [Kiplinger]</p> <p><a href="http://www.savvysugar.com/Tax-Breaks-Children-28765019">4 Tax Breaks Every Mom Needs to Know About</a> &mdash; If you are a mom, don't forget about the child and dependent care credit. [PopSugar Smart Living]</p> <p><a href="http://www.creditsesame.com/blog/spring-clean-and-make-money-yes-please/">Spring Clean and Make Money? Yes, Please!</a> &mdash; Do you have items in your home you want to get rid of but loathe yard sales? Try selling your stuff on Etsy! [Credit Sesame]</p> <p><a href="http://www.moneytalksnews.com/2010/11/01/health-care-without-insurance-50month/">Health Care Without Insurance - $50/Month?</a> &mdash; In 2014, Direct Primary Care practices will be able to offer health care without insurance for as little as $50 a month due to a provision in the Patient Protection and Affordable Care Act. [Money Talks News]</p> <p><a href="http://www.moolanomy.com/6447/how-to-start-investing/">How to Start Investing in Stocks</a> &mdash; Before you start investing in stocks, make sure you have an emergency fund in place. [Moolanomy]</p> <h2>Other Essential Reading</h2> <p><a href="http://money.msn.com/frugal-living/post.aspx?post=b065051e-1542-48f7-be15-4dd2c91425b5&amp;ref=bfv">Food Stamps for Fido and Fluffy?</a> &mdash; Do you receive food stamps and own a pet? If so, you may be able to get food stamps for your pet too! [MSN Money]</p> <p><a href="http://www.bargaineering.com/articles/career-track-home.html">Women &amp; Money: Can You Keep Your Career On Track from Home?</a> &mdash; If you work from home, keep your career on track by maintaining your network. [Bargaineering]</p> <p><a href="http://www.freemoneyfinance.com/2013/03/john-hancock-thinks-im-on-the-path-to-retirement.html">John Hancock Thinks I'm on the Path to Retirement</a> &mdash; Have you calculated how much money you will need to retire? [Free Money Finance]</p> <p><a href="http://parentingsquad.com/10-reasons-to-celebrate-national-craft-month">10 Reasons to Celebrate National Craft Month</a> &mdash; Celebrating National Craft Month can relieve boredom and teach socialization. [Parenting Squad]</p> <p><a href="http://www.washingtonpost.com/news/to-your-health/wp/2014/05/07/eight-things-you-can-do-today-to-help-stop-the-spread-of-killer-superbugs/">8 Things You Can Do Today to Help Stop the Spread of Killer 'Superbugs'</a> &mdash; To help prevent the spread of superbugs, get yourself vaccinated and always watch your hands thoroughly. [The Washington Post]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-to-successful-haggling">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-little-words-that-will-get-you-the-best-price-every-time">10 Little Words That Will Get You the Best Price, Every Time</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-become-a-better-negotiator">5 Ways to Become a Better Negotiator</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-magic-words-to-say-to-get-the-best-new-car-price">10 Magic Words to Say to Get the Best New Car Price</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-these-8-questions-to-get-a-better-price">Ask These 8 Questions to Get a Better Price</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-retailers-where-you-can-negotiate-a-lower-price">11 Retailers Where You Can Negotiate a Lower Price</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living best money tips haggling negotiating Secrets Mon, 25 Mar 2013 10:00:35 +0000 Ashley Jacobs 971467 at http://www.wisebread.com Revenge of the battery hack - 32 AAs inside a 6v Lantern Battery. BUT IS IT PHONEY?! http://www.wisebread.com/revenge-of-the-battery-hack-32-aas-inside-a-6v-lantern-battery-but-is-it-phoney <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/revenge-of-the-battery-hack-32-aas-inside-a-6v-lantern-battery-but-is-it-phoney" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/prod_8515.jpg" alt="6v lantern battery" title="6v lantern battery" class="imagecache imagecache-250w" width="250" height="361" /></a> </div> </div> </div> <p>Ok, there's not really much that I can say to top this one. After the amazing work that Kipkay did over at Metacafe, the folks at gagfilms have gone one better. They've discovered not 10 or even 20 but 32 AA batteries inside a standard 6v battery. Yup, I'm floored.</p> <p><em>NOTE: One astute guest has pointed out that this could be all a bunch of hokum, which I fell for like so many others out there on the web. I hacked up my 6v battery and found 4 1.5v batteries inside. If you are willing to hack up yours and tell us what you find, I'd love to get to the bottom of this one.</em></p> <p>As a rule, I don't usually like to post just one video in isolation but this one deserves it. And I found a battery like this one for just $1.99 in my local hardware store. I think that equates to around 7 measly cents per battery. Did I just hear parents everywhere rejoice?</p> <p><object width="400" height="345" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,29,0" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"> <param value="http://www.metacafe.com/fplayer/824477/6_volt_battery_hack_youll_be_amazed.swf" name="movie" /> <param value="high" name="quality" /> <param value="false" name="menu" /> <param value="" name="wmode" /><embed width="400" height="345" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" menu="false" quality="high" wmode="" src="http://www.metacafe.com/fplayer/824477/6_volt_battery_hack_youll_be_amazed.swf"></embed></object><p><a href="http://www.metacafe.com/watch/824477/6_volt_battery_hack_youll_be_amazed/"><br /> </a></p> <p>And here's a guy experiencing just what happened to me...</p> <object width="425" height="350"> <param value="http://embed.break.com/MzY5MTky" name="movie" /><embed width="425" height="350" type="application/x-shockwave-flash" src="http://embed.break.com/MzY5MTky"></embed></object><p>What is surprising me more though (although it probably shouldn't) is the way the battery industry seems to be pulling the wool over our eyes. Why does a simple 2-pack of AA batteries cost anywhere from $2-$5, when they are obviously so cheap to produce? No wonder the Energizer bunny can keep going and going, it's costing almost nothing to replace the power source. And Duracell, a Proctor &amp; Gamble company, generates over $1 billion a year from the sale of just AA batteries. Indeed, the humble AA seems to be the backbone of the battery industry.</p> <p>So, I did a little digging. Actually, a lot of digging. In total around six hours of web-surfing and phone calls and came up with nothing. No-one wants to talk to me about the production costs of batteries, and a recent theft of trade secrets at Duracell has the industry very, very wary indeed.</p> <p>At this point I'm throwing it over to you. Do you know anyone who works in the battery industry? DO you know why they can sell 32 AAs for $1.99, hidden inside a 6v shell, and then sell just 2 AAs for around the same price? Is this just the way the battery industry works and if they changed things the prices would go up? I have way too many questions and no answers. But until I get them, I'm getting all my AAs from inside a 6v lantern battery. It's going to save me quite a pretty penny.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/revenge-of-the-battery-hack-32-aas-inside-a-6v-lantern-battery-but-is-it-phoney">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-little-words-that-will-get-you-the-best-price-every-time">10 Little Words That Will Get You the Best Price, Every Time</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/your-ssn-can-now-be-accurately-guessed-using-date-and-place-of-birth">Your SSN Can Now Be Accurately Guessed Using Date and Place of Birth</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-sneaky-ways-wholesale-clubs-get-you-to-you-spend-more">8 Sneaky Ways Wholesale Clubs Get You to You Spend More</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-only-5-grocery-shopping-techniques-you-need">The Only 5 Grocery Shopping Techniques You Need</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-trick-salespeople">6 Ways to Trick Salespeople</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> General Tips 6v AA battery deals hack Secrets Wed, 19 Sep 2007 03:32:06 +0000 Paul Michael 1174 at http://www.wisebread.com Tricks of the trade: Share an insider's tip about your profession! http://www.wisebread.com/tricks-of-the-trade-share-an-insiders-tip-about-your-profession <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/whispering_women250_0.jpg" alt="whispering trade secrets" title="whispering professional secrets" class="imagecache imagecache-250w" width="250" height="249" /></a> </div> </div> </div> <p>Have an insider tip you normally don&#39;t tell the public about? Here is your chance to share the tricks of your trade. Whether you have a friendly tip or a soylent-green kind of revelation, share them in the comments section and win a prize! Three commenters will be randomly selected to win a new <a href="http://www.jansport.com/js_tbsp_landing.php">Big Student backpack</a> courtesy of <a href="http://www.jansport.com/js_tbsp_landing.php">JanSport</a> (retail value $40). </p> <p><strong>This drawing is now over.  Congrats to <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-70922" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">Bloggurl</a>, <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-70509" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)"> Pastry Chef Girl</a>, and <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-69767" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">Sage</a> for winning the contest!</strong></p> <p>To kick things off, check out these secret tips from Wise Bread bloggers: </p> <p><strong><a href="/linsey-knerl">Linsey Knerl</a></strong></p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-148.jpg" alt=" " width="58" height="85" align="left" />When you put your business card into a trade show giveaway draw, you usually don&#39;t stand a chance. </p> <p>I would say that MOST if not ALL companies sponsoring a prize for these things go look at each business card and pick the one they would most like to get business from. This is the card they declare the &quot;winner.&quot; What better way to get a phone call answered by a top exec than with a &quot;Congratulations! You won our laptop giveaway!&quot;</p> <p><strong><a href="http://wisebread.com/jessica-okon">Jessica Okon</a></strong> </p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-19.jpg" alt=" " width="85" height="84" align="left" />Not from my current job but from when I worked retail:</p> <p>The less you say the easier your return will be. Bring your bag, receipt, and hold the story. The more you say, the more the sales person will check for wear and tear. </p> <p>Don&#39;t ever, ever, ever use the makeup from a department store tester anywhere other than perhaps your hand. Lepers shop.</p> <p>People stick perfume bottles up almost in their nostrils. Spray the cologne on a card or your hand, don&#39;t sniff! </p> <p>If you&#39;re going to buy fragrance, go on the weekend. That is when the fragrance models will be shilling for their various companies, and you&#39;re likely to get a free gift or extra gift. </p> <p>If you want the full attention of your sales person or makeup artist without interruption from other customers, go during the week before lunchtime, or in the evening.</p> <p><strong><a href="/julie-rains">Julie Rains</a></strong></p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-95.jpg" alt=" " width="64" height="85" align="left" />I run a business and I think some people may think I have secrets but I don&#39;t. Now that I&#39;m a wisebread writer, I have figured out why I am such a lousy sales person: I have a consumer advocacy bent. </p> <p>But, I do learn from my clients, tidbits that may or may not be well-known. For example, the &quot;service advisor&quot; at the dealership (who calls you to tell you what&#39;s wrong with your car) is paid on commission. And drug reps have access to prescribing information of physicians and they plan their sales strategies and sales calls based on that information.</p> <p><strong><a href="/paul-michael">Paul Michael</a></strong> </p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-17.jpg" alt=" " width="85" height="85" align="left" />Not sure if this is a &quot;trick of the trade&quot; but I&#39;m sure the general public has no idea just how much profiling and research goes into a typical advertising campaign. Everyone is part of a group, whether it&#39;s Gen X, Baby Boomer or New Millenial. Along with that comes detailed profiling about spending habits, income, race, sex and so on. It&#39;s a politically correct nightmare if you think about it. And then there are focus groups upon focus groups. </p> <p>You also have professionals specializing in media placement, even targeting kids from an early age for products ranging from bank accounts to alcohol and cigarettes (thankfully, I steer well clear of all that, it&#39;s shameful). I am not proud of a lot of what goes into advertising, it used to be a more honest area. These days it can be underhanded and downright seedy behind the scenes. Fortunately I now work client-side (in house) and produce promotions and creative ads for a much more upstanding and honest product. But just know that before you buy anything from dish soap to a new car, an enormous amount of time, money and research has gone into getting you and that product together. It&#39;s all about the bottom line folks.</p> <p><strong><a href="http://wisebread.com/will-chen">Will Chen</a></strong></p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-4.jpg" alt=" " width="85" height="85" align="left" />How to get into concerts for free. A photographer friend recently told me how he gets into concerts for free. He calls up smaller local newspapers and offer to photograph concerts for free in exchange for press passes. Many newspapers will say yes because they don&#39;t have the money to hire professional photographer for every event. My friend&#39;s best tips: Make sure you <a href="/sound-more-confident-in-one-easy-step">sound confident</a> on the phone and put up a portfolio of your work online.</p> <p>Need a reason to stop drinking soda? Soda dispensers are the most disgusting things in the world. I used to work at a coffee shop and hooking up the dispenser was part of my daily routine. During every cleaning I would see an army of roaches pouring out of every hole of the dispenser. I guess sugar and moisture make the perfect roach bait. It was impossible to completely remove the sugar residue from the dispenser so no matter how hard I cleaned the darn thing, the roaches always came back. </p> <p>Share your tip and you&#39;ll be entered in a random drawing to win a <a href="http://www.jansport.com/js_tbsp_landing.php">Big Student backpack</a> courtesy of <a href="http://www.jansport.com/js_tbsp_landing.php">JanSport</a>. We are giving away three backpacks to three readers. Deadline to enter drawing is 8/19. Don&#39;t forget to enter your email address in the field provided. Only one entry per person. Available to US residents only.</p> <p><strong>This drawing is now over.  Congrats to <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-70922" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">Bloggurl</a>, <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-70509" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)"> Pastry Chef Girl</a>, and <a href="/tricks-of-the-trade-share-an-insiders-tip-about-your-profession#comment-69767" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">Sage</a> for winning the contest!</strong> </p> <p><strong>About Our Sponsor</strong></p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/jansport_brown.jpg" alt="Brown JanSport Big Student backpack" title="Brown JanSport Big Student backpack" width="253" height="322" align="left" /></p> <p>This week&#39;s prize is <strong>sponsored by the folks at </strong><a href="http://www.jansport.com/js_tbsp_landing.php"><strong>JanSport</strong></a>. I&#39;ve used the same JanSport backpack throughout high school and college, and I still use it whenever I get nostalgic about my student days. I&#39;ve never tried the Big Student model before, but it looks like a pretty cool backpack.</p> <p>Updated Design: The Big Student has two large main compartments for versatile storage, front utility pocket with audio electronics organizer and a quick-find cell phone pocket.</p> <p>More Styles: The Big Student has <a href="http://www.jansport.com/js_tbsp_landing.php">14 different colors and patterns</a>. The three we&#39;re giving out are <a href="/files/fruganomics/wisebread_imce/jansport_brown.jpg">chocolate chip</a>, <a href="http://assets.m80im.com/resources/jansport/dotsT.jpg">white scatter</a>, and <a href="http://assets.m80im.com/resources/jansport/rosesT.jpg">grey skulls n roses</a>. (My personal favorite is the <a href="http://ec1.images-amazon.com/images/I/41%2Bs2SDt0NL._SS500_.jpg">tan camo</a>.)</p> <p>Rave reviews: These <a href="http://www.epinions.com/otdr-Backpacks-Daypack-Jansport_Daypacks-Big_Student/display_~reviews">Epinions</a> reviewers love the Big Student&#39;s lifetime guarantee and durability.</p> <p>Contest: JanSport is <strong>giving away a trip for four</strong> to the Grand Canyon. All you have to do is join JanSport&#39;s official Facebook group. Check out <a href="http://www.jansport.com/js_tbsp_landing.php">this Big Student contest page</a> for more details.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/will-chen">Will Chen</a> of <a href="http://www.wisebread.com/tricks-of-the-trade-share-an-insiders-tip-about-your-profession">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/51-uses-for-coca-cola-the-ultimate-list">51 Uses for Coca-Cola – the Ultimate List</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-panic-do-this-if-your-identity-gets-stolen">Don&#039;t Panic: Do This If Your Identity Gets Stolen</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-this-news-story-fake-heres-how-to-tell">Is This News Story Fake? Here&#039;s How to Tell</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-refill-an-ink-cartridge-with-a-small-piece-of-tape">How to refill an ink cartridge with a small piece of tape</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/blood-gore-and-hairy-warts-a-diy-halloween-makeup-guide">Blood, gore and hairy warts; a DIY Halloween makeup guide.</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks Consumer Affairs backpack insider tips JanSport professional Secrets tips Mon, 13 Aug 2007 04:17:21 +0000 Will Chen 986 at http://www.wisebread.com Beat the claw machine, save your sanity. http://www.wisebread.com/beat-the-claw-machine-save-your-sanity <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/83590264_3d0923a303_m.jpg" alt="crane game" title="crane game" width="229" height="305" /></p> <p>How many times have you passed one of these annoying things and thrown 50 cents away? I'm hugely guilty of it. I can't resist them. One time I got six out in a row, then I've gone years with no success. Is there a secret?</p> <p>Well, it seems there is. And seeing as how I've spent some time warning you away from a lot of fairground cons recently, I thought I'd try and be positive about at least one of them.</p> <p>I did a little research and found several places offering some basic advice. I'm not entirely sure how much of this is based on hardcore scientific proof, and how much is just observation, but I'm willing to learn anything I can to beat the crane game system.</p> <p>So, first here's a little advice from all over the WWW:</p> <ul> <li>Go for 3-pronged claws. They are supposedly a little kinder to you than 4-pronged claws.</li> <li>Don't believe the hype about grease. The claws aren't coated in it, but they are very shiny and polished.</li> <li>Look carefully at the selection. The machine stockers will try to tuck most toys tightly together.</li> <li>Use a friend. There are two POVs, and lining up your claw perfectly is easier with a guide at your side.</li> <li>Timing is everything. Spend most of your time controlling the claw, and the last few seconds to grab.</li> <li>Most important. BAIL after a couple of bucks. Don't spend $15 on a $5 stuffed toy.</li> </ul> <p>All that is all well and good, but I knew most of it from the experience I'd had over the years I spent in front of claw machines. So I searched deeper, and found a show on G4 called <a href="http://www.g4tv.com/brainiac/index.html">Brainiac</a> had done the hard research for me. And the results? Well, check them out in this cool video below. Next time you pass a claw machine, you may be armed with enough knowledge to beat it. Good luck, claw hounds.</p> <p><object width="425" height="350"> <param name="movie" value="http://www.youtube.com/v/JejiJ-RgLVc" /> <param name="wmode" value="transparent" /><embed src="http://www.youtube.com/v/JejiJ-RgLVc" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fbeat-the-claw-machine-save-your-sanity&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FBeat%2520the%2520claw%2520machine%252C%2520save%2520your%2520sanity..jpg&amp;description=Beat%20the%20claw%20machine%2C%20save%20your%20sanity."></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Beat%20the%20claw%20machine%2C%20save%20your%20sanity..jpg" alt="Beat the claw machine, save your sanity." width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/beat-the-claw-machine-save-your-sanity">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/tricks-of-the-trade-share-an-insiders-tip-about-your-profession">Tricks of the trade: Share an insider&#039;s tip about your profession!</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-things-car-salesmen-dont-want-you-to-know">17 Things Car Salesmen Don&#039;t Want You to Know</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-cheap-ways-to-lower-your-blood-sugar">13 Natural and Easy Ways to Lower Your Blood Sugar</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/beyond-the-slow-cooker-10-eco-and-budget-friendly-household-helpers-that-progress-left-behind">Beyond the Slow Cooker: 10 Eco- and Budget-Friendly Household Helpers That Progress Left Behind</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-safest-cities-in-america-from-natural-disasters">10 Safest Cities in America from Natural Disasters</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks arcade games beat the system cheat claw machine crane game Secrets win a toy Fri, 30 Mar 2007 05:57:22 +0000 Paul Michael 421 at http://www.wisebread.com