A coworker of mine recently pulled into the parking lot at work in a brand new $30, 000 pickup truck. I did a double take because he originally told me that he was taking his old car to a mechanic for a tune-up and to have a rattling sound checked out. When I asked him […]
Everyone has seen how housing prices have taken a nosedive in most markets across America since the start of the 2008 recession. Almost $3 trillion worth of equity has disappeared, and homes are now worth significantly less than what their owners paid for them. This evaporation of equity has dealt a devastating blow to many […]
Whether you purchase a new car, a washer or dryer, or the latest electronic gadget on the market, you have most likely been offered an extended warranty or an additional service plan to protect your purchase. Extended warranties are typically not cost beneficial for consumers, but they are a cash cow for retailers. Because of […]
If the American Dream is to own your own home, then owning a timeshare or a vacation home may not be far down the list. Many people dream of having enough money to spend a couple of weeks every summer at the beach or in the mountains. Owning a timeshare allows you to dip your […]
When you save your money instead of spending it, you are actually hurting the economy in a small way. It may seem counterintuitive that your savings are adding to our economy’s decline, but they are. Most of us have come to embrace globalism and our intertwining financial lives, but we often fail to realize that […]
With summer in full swing and the price of oil hovering near $90-100 per barrel, everyone is feeling the pinch at the gas pump. High fuel costs affects us every summer, and this one is turning out to be no different. Except this year, the high cost of filling up our gas tanks has been […]
The developed world has gone crazy for Groupon and other daily deal websites where consumers are offered one deal or coupon each day in their e-mail inbox. If enough people purchase the coupon, then the deal is active, thereby making the savings a social affair between friends. But if you’re not on top of things, […]
Stay-at-home moms and dads may soon find it more of a challenge to get the best credit card in their own name. The Federal Reserve recently provided additional clarification of the Credit CARD Act of 2009, and issued new guidance to credit card companies that will make it almost impossible for non-working spouses to have […]
Do you ever feel like you’re just throwing money away on life insurance? You could end up doing just that if you buy specialized coverage that you don’t really need. One way to save money on life insurance is to keep it simple and resist the temptation to load up on life insurance in all […]