A new study from the Federal Reserve Bank of Boston says that credit card reward programs have a sneaky hidden cost that the card holder doesn’t have to bear. This occurs because the fee that a retailer pays to run a credit card varies with every card, and reward cards cost more to process–in other words, the card issuer passes the cost of the rewards program on to the retailer. The retailer adapts by raising prices across the board, which distributes the cost of the reward program among all shoppers. [More]
A couple of weeks back, we asked what you would do if you stumbled upon a bag containing $18,000 in cash with no signs of the owner’s ID. Today, CNN took a camera out on the street to ask folks what they would do if they suddenly had $20,000 to spend, no strings attached. [More]
If you like to hide large amounts of cash around your house, make sure to remember where you put it. And if you do tend to forget, make sure to check the crevices and pockets of everything before you donate it to charity or throw it away. This goes triple when cleaning out the home of an elderly relative. A 96-year-old woman in Asheville, N.C. recently donated a blanket that contained more than $5,000 in cash–and the Goodwill store managed to locate her and return the money. [More]
If you’ve ever had trouble identifying different denominations when digging through your wallet in the dark (or under other circumstances when you might find yourself visually challenged), Jaesik Heo’s concept for luminous paper money may just, er, fit the bill. Of course, the telltale glow could also alert anybody else in the vicinity to the presence of big bills in your wallet. Maybe Heo’s next version should let you customize your colors, so that your big pile of Benjies (or Sejongs, in Heo’s example) would look like a pitiful stack of singles. [More]
Reader Molly needed a cellphone charger. She ran in to Radio Shack to grab one and paid with cash — but the cashier wouldn’t complete the transaction without her home address, phone number and email address. She’s wondering if this is normal. [More]
If you’re between jobs, underemployed, or just have a lot of extra time on your hands now that you’ve give up expensive hobbies like smoking or shopping, here’s a list of 24 ways you can you earn some extra money. They’re not full time jobs, or sometimes even part-time jobs, but they’re a good starting point if you need some inspiration on how to bring in a little extra cash. [More]
Did you leave your tin can filled with over $10,000 on the customer service counter of a Des Moines Kmart? Because if you did, call them, they found it.
Update: Several of our readers have pointed out that the owner has reclaimed the can and the money. She says her husband left it there by accident, possibly while having a reaction to some medication, and that she’s going to deposit the cash in a bank.
Back when dinosaurs ruled the Earth and ATMs didn’t exist, if your cave-dwelling ancestor wanted to get cash in a hurry and didn’t want to deal with bank lines, he’d go to the local supermarket. There, the friendly high-school student at the checkout counter would allow him to write a check for the amount of cash he needed, and give him the cash in return. Today, however, the only people who actually still use those services are characters in a GEICO ad, so it should come as no surprise that some supermarkets are finally giving up on the practice.
Last week, Carey found a Frugal Dad article offering up 7 places around the house to stash your cash. While you should keep emergency cash around the house, don’t put too much!
Banks are great and all, but everyone should keep a little bit of emergency cash stashed somewhere at home. Frugal Dad offers up a list of seven hiding spots that should beat all but the most determined thieves.
Daniel filled out a Washington Mutual deposit slip listing several checks and $500 in cash, but “forgot” to hand over the cash. He normally isn’t a fan of “shady business,” but now that he has a bank statement crediting him for the $500 hiding in his wallet, he’s suddenly not sure what to do…
Bankrate shares 15 tips to protect your stash of cash while traveling abroad. Before leaving, strip down your wallet to the bare essentials, including a backup credit card, and make copies of all financial documents. While abroad, stash the copies and the backup card in your hotel safe, and take common-sense precautions like sticking to legitimate bank ATMs, and avoiding crowds. Hit the link for the rundown of all 15 tips.
Cash4Gold has an important message that they want us in the media to bring to the public. As the most respected name in direct-to-consumer gold ripoffs, Cash4Gold is “greatly concerned” that other entities are fraudulently using their good name for in-person gold-buying events.
REI’s Director of Corporate Communications contacted us with an official statement about the recent showdown between two Loomis security guards and a customer with an iPhone at one of their Seattle stores. She says despite the document Shane says he was forced to sign at the police station, he is not banned from their stores. Below is REI’s official statement.