Why Doesn’t Sam’s Club Accept Visa Credit Cards?

Have you ever wondered why Sam’s Club doesn’t accept Visa-branded credit cards? I mean, they accept MasterCard (and Discover!), so why not Visa? It’s understandable that they don’t accept Amex, as many merchants avoid Amex due to their relatively high merchant processing fees. But Visa and MasterCard credit cards have similar processing fees, so why […]

Visa vs MasterCard: Major Credit Cards Acceptance

When it comes to choosing a credit card, I frequently hear people advising others to get a Visa card because they’re so widely accepted. While I definitely buy this argument when it comes to comparing Visa vs. American Express or Discover cards, I’m much less convinced when it comes to Visa vs. MasterCard. While it’s […]

Setting Up Your Freelance Business

As I’ve noted in the past, I’ve been generating a decent amount of freelance income over the past couple of years. After I resigned from my “real” job in 2008, I actually took the plunge and started freelancing as a full-time job. Today I want to talk a bit about how I got everything set […]

Shield Your Bank Account From Fraud With an Intermediary Account for Online Payments

This morning I talked about the relative safety of different online payment methods. As a followup, I wanted to share a tip for protecting yourself from fraud related to online payment services such as PayPal. On the one hand, online payment services arguably add a layer of protection between your payment information and the vendor […]

Credit Cards are Safest Online Payment Medium

Do online purchases make you nervous? I’m all about shopping (and banking/investing) online, but there are still people out there — especially amongst the older set (Hi Mom! Hi Dad!) — who aren’t very comfortable with e-commerce. Well, according to a recent article in the NY Times, if you do venture online, credit cards are […]

Credit card offers: Chase Bank credit cards

*EDITOR’S NOTE: The below offer(s) are expired and/or no longer available. Today marks the second installment of the weekly Saturday look at current credit card offers from major issuers. This series is designed to highlight the features and offers that you might be most interested in. Today, we’ll be reviewing current Chase Bank credit card […]

Lending Club and Taxes

After spending the last two evenings pulling our tax paperwork together, I wanted to share a little tidbit on documenting your Lending Club earnings. Here’s the scoop… Lending Club tax paperwork For all loans originated prior to 10/14/2008, Lending Club will issue IRS Form 1099-INT if the total interest received for all of these loans […]

Money Management Made Easy

While sitting at my computer last night, Son #2 wandered over and started chatting me up. He recently received some cash gifts for his 10th birthday, and had money on his mind. He’s always been good with money and often amazes me with his wisdom. Once again, he didn’t disappoint: “You shouldn’t spend more money […]

Graduate School Loans – Should You Avoid Education Debt?

Should you go into debt to pay for graduate school? A reader named Shana recently wrote in with the following question about taking on student loans to further her education and set up a future career in counseling: I recently graduated from college with a B.S. in Psychology. I have no student loans. I have […]

Do Kids Have to Pay Taxes? All About the Kiddie Tax

Last night I tackled the ugly task of pulling all our tax paperwork together. As much as I’d love to keep our tax records organized throughout the year, that never seems to happen. Anyway, while downloading our 1099-INT Form from ING Direct, I noticed that our kids did pretty well last year in terms of […]