revolution http://www.wisebread.com/taxonomy/term/7930/all en-US Your Saving Habits Make You a Revolutionary http://www.wisebread.com/your-saving-habits-make-you-a-revolutionary <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/your-saving-habits-make-you-a-revolutionary" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/14348535_bf3c14c154_z.jpg" alt="piggy bank" title="piggy bank" class="imagecache imagecache-250w" width="250" height="175" /></a> </div> </div> </div> <p>It&rsquo;s true, Wise Bread reader &mdash; you&rsquo;re a revolutionary. Although you may not know it or feel like it every day, your money-saving ways and consumer consciousness put you in the distinguished company of rebels and renegades. At a time when our society is awash in chronic debt, you&rsquo;re swimming against the tide of easy consumer credit, bucking the trend of living beyond your means, and breaking the cycle of perpetual wanting. Congratulations. (See also: <a href="http://www.wisebread.com/30-signs-that-you-were-raised-by-frugal-parents">30 Signs That You Were Raised by&nbsp;Frugal Parents</a>)</p> <p>Still not feeling like a revolutionary? Missing the funny hat? Well, consider these facts and then think about how they <em>don&rsquo;t</em> (or for the newbies here, soon <em>won&rsquo;t</em>) apply to you.</p> <p>1. In 2010, the average consumer debt per person in the United States was $7,800.00.</p> <p>2. According to the credit reporting agency TransUnion, the average credit card debt per US card holder was $4,996.00 in 2012.</p> <p>3. In a <a target="_blank" href="http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/">November 2012 study by NerdWallet</a>, for those U.S. households that have credit card debt, the average amount owed was $15,422.00. That equates to about $7,000.00 for every household in the US.</p> <p>4. Again, from the same NerdWallet Study, 47% of all U.S. households carry a credit card balance.</p> <p>5. According to a <a target="_blank" href="http://www.dailyfinance.com/2012/07/02/do-you-have-more-debt-than-the-average-american/">recent article by Motley Fool writer Molly McCluskey</a>, the average student loan debt in the US is $23,000. In 2011, for the first time, Americans owed more on student loans overall than they owed on their credit cards.</p> <p>6. In that same article by The Motley Fool, today, the average American carries a total debt of $47,000.00.</p> <p>7. In 2012, the U.S. Department of Commerce reported that the average savings rate (as a percentage of income) in the U.S. hovered around 4%.</p> <p>8. According to a study by the American Research Group, with results published in <a target="_blank" href="http://www.investopedia.com/financial-edge/1112/average-cost-of-an-american-christmas.aspx#axzz2KDfBKMr6">an article by Investopedia,</a> the average American spent $646.00 on holiday gifts in 2011. Though the numbers aren&rsquo;t in yet for 2012, forecasters expect the average figure to be $854 per person.</p> <p>9. According to a <a target="_blank" href="http://www.ebri.org/surveys/rcs/2012/">2012 survey completed by the Employee Benefits Research Institute</a>, 61% of respondents aged 35-44 reported having <a href="http://www.wisebread.com/6-ways-to-avoid-running-out-of-money-in-retirement">saved less than $25,000 for retirement</a>. For those aged 55 or older, 40% had saved less than $25,000.</p> <p>10. The Bureau of Labor Statistics reported that in 2011 the average <a target="_blank" href="http://www.bls.gov/news.release/cesan.nr0.htm">American spent $2620.00 on dining out</a>.</p> <p>While the facts are sobering, I don't want to paint everyone&rsquo;s circumstances and motivations with the same broad bush. No doubt these numbers reflect some families who have little choice in suspending savings and using consumer credit just to survive.</p> <p>But the sheer magnitude of these national statistics shows that debt, over-spending, and under-saving are still quite a large part of our culture &mdash; regardless of circumstance.</p> <p>Periodic recessions notwithstanding, our habits are set, and those habits involve the heavy use of credit combined with razor-thin savings rates. Anyone who defies this way of thinking and living can confidently call themselves a revolutionary. Anyone who fights overconsumption, shops for the best value, <a href="http://www.wisebread.com/whats-your-financial-philosophy-what-it-means-to-live-below-your-means">buys only when there&rsquo;s cash enough to pay for it outright</a>, and lives frugally is doing something akin to revolt &mdash; and what a welcome revolt it is. So, the next time you&rsquo;re feeling a bit dragged down with budgeting or wiped out from pinching pennies, take a look at those statistics and revel again in being a revolutionary.</p> <p><em>Do you have a renegade's attitude when it comes to spending and saving? In what other ways do you think frugality is a revolutionary idea these days?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/your-saving-habits-make-you-a-revolutionary">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/goal-setting-getting-out-of-debt-once-and-for-all">Goal Setting: Getting Out of Debt Once and For All</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/the-parable-of-the-flat-screen-tv">The Parable of The Flat-Screen TV</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-life-is-wonderful-when-youre-debt-free">6 Ways Life is Wonderful When You&#039;re Debt-Free</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-reasons-to-keep-your-money-separated-after-marriage">5 Reasons to Keep Your Money Separated After Marriage</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/flashback-friday-the-76-best-life-lessons-you-should-learn-by-30">Flashback Friday: The 76 Best Life Lessons You Should Learn by 30</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Lifestyle consumer debt living within your means revolution savings statistics Tue, 12 Feb 2013 11:00:31 +0000 Kentin Waits 967743 at http://www.wisebread.com Getting Something for Nothing – My $25 from Revolution MoneyExchange http://www.wisebread.com/getting-something-for-nothing-my-25-from-revolution-moneyexchange <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/getting-something-for-nothing-my-25-from-revolution-moneyexchange" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/facebook.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="195" /></a> </div> </div> </div> <p class="MsoNormal"><strong>(Note:&nbsp; The $25 sign-up bonus offer expired on April 15th, 2008.)&nbsp;</strong></p> <p class="MsoNormal">Just when I thought I couldn&rsquo;t take another online money transfer product, I was introduced to Revolution MoneyExchange.<span> </span>My familiarity and past experience with PayPal had me convinced that the world just didn&rsquo;t need anymore of these services.<span> </span>The $25 sign up bonus kept calling my name, however, so I went for it.<span> </span>Here&rsquo;s the skinny on the new kid on the block.</p> <p class="MsoNormal">When a friend told me about <a href="http://www.revolutionmoney.com/">Revolution MoneyExchange</a>, my mind went back a few years to the PayPal bubble.<span> </span>(Remember, when everyone got $25 for signing up, and they earned additional cash for each referral.)<span> </span>Eager to get in on the next big e-commerce tool, people are once again scrambling to be the top referrers for Revolution&rsquo;s new product.<span> </span>Launched as &ldquo;the&rdquo; application for sending and receiving money on <a href="http://www.facebook.com/">Facebook</a>, I scoffed at how practical it could be for me.<span> </span>I rarely visit Facebook, much less do business on the social network.</p> <p class="MsoNormal">$25 is $25, however, so I looked into it a bit further.<span> </span>Here are the details I was able to get:</p> <p class="MsoNormal"><strong>MoneyExchange</strong> is just one of many products and companies developed by <a href="http://en.wikipedia.org/wiki/Steve_Case">Steve Case</a>&rsquo;s <a href="http://revolution.com/">Revolution</a>.<span> </span>(In case you care.)<span> </span>The former AOL CEO has tried to market his new online cash service as a necessary social networking tool.<span> </span>At less than 6 months old, MoneyExchange follows in the footsteps of similar tools, such as <a href="https://www.obopay.com/consumer/Welcome.do">OboPay</a> and <a href="http://www.chipin.com/">ChipIn</a>.</p> <p class="MsoNormal"><strong>Signing up</strong> for MoneyExchange was relatively easy.<span> </span>Yes, they did ask for some personal information to be able to issue me an account.<span> </span>If you don&rsquo;t feel comfortable giving out your Social Security number, this process won&rsquo;t fly for you.<span> </span>If you already do a large percentage of your business transactions online, however, you know that this is hardly confidential info these days.<span> </span>A quick form with your name, address, phone, and SS# will get you an account in less than 3 minutes, if you reside in the U.S.</p> <p class="MsoNormal"><strong>Getting your bonus</strong> was automatic.<span> </span>When I confirmed my account via email, I was instantly credited with $25.<span> </span>This was mine to keep, no strings attached.<span> </span>There are no fees for sending or receiving money to other MoneyExchange users &ndash; too bad I have no one to send it to!<span> </span>For a small $2.50 fee, I could cash out my account with a check in the mail.<span> </span>Those who are comfortable linking their accounts to an external checking account can also choose to have it electronically deposited after a standard verification process, and there is no fee for this service.</p> <p class="MsoNormal"><strong>Referrals</strong> can be made, and a $10 bonus is offered for each complete registration.<span> </span>Most of my relatives don&rsquo;t even know what Facebook is, so this was not the selling point I was hoping for.<span> </span>If you are looking to get your friends and family to sign up, your best bet is to mention it as a viable PayPal alternative.<span> </span></p> <p class="MsoNormal"><strong>Privacy</strong> could be seen as an issue for some who want to fully protect their personal and financial info.<span> </span>This <a href="http://www.techcrunch.com/2007/12/14/revolution-money-thinks-it-can-win-friends-on-facebook/">article by TechCrunch</a> seems to suggest that by signing up for your free account, and your $25 bonus, you are making yourself available for credit card solicitation from <a href="http://www.revolutionmoney.com/revcard.aspx?id=revcard">RevolutionCard</a> (who is hoping to get into the business in a big way.)<span> </span>For those who have no interest in future or partner offers, the <a href="https://www.revolutionmoneyexchange.com/WebSite/PrivacyPolicy.aspx">Privacy Policy</a> clearly offers an opt-out form you can mail in.<span> </span>The 41cents for a postage stamp might be worth avoiding future hassles.</p> <p class="MsoNormal">Whether you are looking to ditch <a href="http://www.paypal.com/">PayPal</a> or just wanting to earn a quick $25, Revolution made good on its promises during my trial.<span> </span>Within 3 business days, I was holding a $22 check (after fees) in my hand, with no further obligation.<span> </span>Not one to usually cut and run, I would have loved to test out my $25 credit on some of their services, but with no friends on the MoneyExchange or a need to send funds, I opted for the cash payout.<span> </span>Those interested in earning some referral funds, while the earnings are good, might want to consider spreading the love.</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal"><em>(Note: There are no affiliate or referral links of any kind in this article. It is written purely for your own money-making enjoyment.) </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/getting-something-for-nothing-my-25-from-revolution-moneyexchange">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/how-to-earn-over-12000-through-referrals">How to Earn Over $12,000 Through Referrals</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/five-quick-and-simple-scams-that-could-happen-to-you-today">Five quick and simple scams that could happen to you today</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/a-comprehensive-guide-to-the-envelope-system">A Comprehensive Guide to the Envelope System</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/sensible-ways-to-raise-cash-for-a-wedding">Sensible Ways to Raise Cash for a Wedding</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-smart-things-to-do-with-your-settlement-money">8 Smart Things to Do With Your Settlement Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Freebies bonus cash moneyexhange revolution Mon, 24 Mar 2008 20:29:49 +0000 Linsey Knerl 1946 at http://www.wisebread.com Legendary rock band Radiohead charges "whatever you want" for latest album http://www.wisebread.com/legendary-rock-band-radiohead-charges-whatever-you-want-for-latest-album <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/legendary-rock-band-radiohead-charges-whatever-you-want-for-latest-album" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/radiohead.jpg" alt="Thom Yorke" title="Thom Yorke" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>It's making huges waves through the music industry, which is hardly surprising. Organizations like the RIAA have been trying, and failing I think, to crack down on illegal music downloads. And in response to this, Radiohead have decided to charge &quot;whatever you think the album is worth&quot; to download it in full (plus a small negligable transaction fee).</p> <p>The new album, In Rainbows, is released on October 10th and promises to be the greatest Radiohead album since OK Computer (which by many critics' standards is one of the best albums ever recorded, and I agree.) If you go to the website <a href="http://www.inrainbows.com/Store/Quickindex.html">here</a> you can pre-order the download.</p> <p>But more important than the album itself is the stand Radiohead is taking on the price. The band separated from their music company EMI in 2003 and have argued that there's no reason a music group can't promote and distribute an album without the backing of a major label. I for one hope they're right and strike a blow for handcuffed musicians everywhere. In fact, this could mark an exodus of bands leaving record labels if Radiohead is successful.</p> <p>As you can read for yourself in <a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/10/02/AR2007100201029_pf.html">this article by The Washington Post</a> , the recording industry is doing whatever it can to hand on to profits by persecuting illegal music sharing. I think $30,000 per illegal song is overkill in the extreme, but this reaction is one to the massive mountain the recording industry has to climb. When it comes down to it, why pay for an entire album for anywhere from $10 - $20 when you can cherry-pick songs for $1 at iTunes or grab them free from places like Bit Torrent?</p> <p>The price fixing conspiracy that the recording industry was involved in during the late 90's has already tainted their reputation with music-lovers everywhere. And when recording artists were pushing albums crammed with &quot;filler material&quot; for extortionate prices, it was inevitable that the worm would turn. And turn it has, completely, to the point where the music industry is on its knees.</p> <p>This move by Radiohead is one of extreme confidence in their own music and in the good will of fans. No doubt many people out there will pay less than the price they'd pay for a full album download at iTunes, but I suspect the majority will pay way more than $1. And the reason...respect. I know I will be downloading the album for $10 because it will be worth every penny.</p> <p>So, mark the date. October 10th is a day for great music and the beginning of great changes in the way we buy music, hopefully.</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/legendary-rock-band-radiohead-charges-whatever-you-want-for-latest-album">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/trent-reznor-giving-away-new-nine-inch-nails-album">Trent Reznor giving away new Nine Inch Nails album</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/want-free-hbo-or-showtime-just-ask">Want Free HBO or Showtime? Just Ask.</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/istopover-earn-extra-income-or-travel-on-the-cheap-and-a-special-promotion-for-wise-bread-readers">iStopOver: Earn Extra Income or Travel on the Cheap, and a Special Promotion for Wise Bread Readers</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/search-online-for-a-fix-before-you-toss-that-broken-gadget">Search Online for a Fix before You Toss that Broken Gadget</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/enjoy-lawsuit-free-music">Enjoy Lawsuit-free Music</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Art and Leisure download illegal songs MP3 music Radiohead revolution Wed, 03 Oct 2007 21:01:46 +0000 Paul Michael 1248 at http://www.wisebread.com