money

Americans' savings rate up to almost 7% - who benefits?

Posted June 29, 2009 - 13:31 by Xin Lu

Personal Finance, Frugal Living, Lifestyle

According to the Bureau of Economic Analysis, the personal savings rate in May 2009 was 6.9%. This a 15 year high and a far cry from the negative savings rates of just a few years ago. Although a part of the increase in savings comes from the large stimulus bills passed recently, most of the increase seems to come from changes in Americans' spending habits. So who benefits from a higher personal savings rate?

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Best of Personal Finance: Summer's Bounty Edition

Posted June 26, 2009 - 11:59 by Andrea Dickson

Personal Finance

Storing summer's bounty, saving money on a gym membership, talking about finances before the honeymoon, how to get divorced while the world is watching, buying a car without getting ripped off, stay-at-home dads and more.

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The Secret Really Does Have A Secret (or Ten Tenets for Arranging Your Rich - Part 3)

Posted June 22, 2009 - 22:47 by Kate Luther

Career and Income, Life Hacks, Making Extra Cash, Lifestyle

Genie in a bottle - Image from iStockPhoto.com

The third installment in my ten-part series (which has taken me much longer to write than planned), I decided to take a look at the Law of Attraction since the concept has hung around much longer than many of its critics foretold. Am I about to tell you how to visualize big bucks and then sit back as they magically appear in your bank account? Nope... I'm going to tell you why that simply won't work.

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Oh noes! Inflation!

Posted June 12, 2009 - 00:39 by Philip Brewer

Personal Finance

Graph of monetary base showing recent surge

The Wall Street Journal has an opinion piece by Arthur Laffer that shows a scary graph of the monetary base, which has surged enormously in the past year. He suggests that this is "potentially far more inflationary" than the monetary policies of the 1970s. I'm as worried about inflation as anybody, and agree that the Fed should already be taking steps to minimize it, but I think Laffer is off-base here.

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$8000 housing tax credit can now be turned into cash at closing according to FHA

Posted June 9, 2009 - 20:38 by Xin Lu

Personal Finance, Taxes, Real Estate and Housing, Consumer Affairs

As part of the Obama stimulus plan passed in January, first time home buyers in 2009 are entitled to a tax credit of up to $8000 that they do not have to repay. This tax credit was supposed to be given to the taxpayer after they file their 2009 taxes in 2010, but it seems that a new set of FHA guidelines is allowing many to take the money during closing. Here are some of the details.

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64 Funny, Inspiring and Stupid Money Quotes From Famous People

Posted June 2, 2009 - 08:28 by Glen Stansberry

Personal Finance

Abraham Lincoln

People love quoting famous people. Whether the celebrity in question is a genius or not, we love a good sound byte. We've collected quotes from presidents, movie stars, philosophers, athletes, and even Paris Hilton on everybody's favorite topic: Money.

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netSpend - the story of the Visa debit card we did not apply for

Posted May 29, 2009 - 14:02 by Xin Lu

Personal Finance, Credit Cards, Consumer Affairs

This week my husband received an unsolicited Visa debit card from a firm called netSpend. It was certainly an odd experience to receive a card that looked official instead of a pre-approved credit application packet. This is my story of shock, anger, and finally disgust at the practices of this financial firm.

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Are You Doing Bad Things with Your Money?

Posted May 21, 2009 - 16:44 by Linsey Knerl

Personal Finance, Consumer Affairs

Today my middle son hit my youngest son in the face with a Ziploc bag full of pennies. It was premeditated, and as I burst into the dining room to sort it all out, I found myself saying the oddest thing: “Don’t do bad things with your money.” It was an odd time to link money to intent, but it was also strangely fitting.

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Make Love, Not Money (Sort Of)

Posted May 14, 2009 - 04:11 by Fred Lee

Lifestyle

Lover's Journey

Even during a recession, it turns out that love can still trump money.

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DON'T Buy It Now on eBay without using Live.com cashback

Posted May 8, 2009 - 20:19 by Torley Wong

Shopping

You've been saving money with your online purchases thanks to Wise Bread, but wanna save even more? I know that got your attention.

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