For most people, their career is their most valuable financial asset. But for those willing to make the effort, even a small one, there might be something even more valuable—a side business that could potentially turn into a very large source of income.
Target continues its rebranding as the Duchamp of retail stores, with this receipt that indicates savings where no savings ever existed. Or perhaps multi-dimensional savings; we can’t pretend to know what Target sees when it stares into the void. Mark notes, “The cookies were on sale, as indicated. The cascade, I had a coupon for it to be free. Total savings should be $4.23. The receipt says $7.37. Maybe it’s a conspiracy since it is the Love Field (near the airport) in Dallas where Southwest flies only 737s.” That’s as good an explanation as any, Mark. Maybe you should work for Target?
The comparison shopping website PriceGrabber.com just completed its “what are you going to do with your tax refund?” survey for the second year in a row, and not surprisingly there are some notable differences between last April and now. The biggest change is among those who plan to spend the money: it was 44.0% in 2008, but only 29.2% this year.
In Suze Orman‘s most recent book, “2009 Action Plan,” she urges people with credit card debt to pay off their balances as quickly as possible using the high interest first method. “The fact that you pay just the minimum is a huge warning signal to your credit card company,” she writes, “that you may already be on shaky ground.” Now she’s changed her mind and says you should just pay the monthly minimum and put the rest of your money toward building an emergency cash stash. Based on the way credit card companies have been behaving, we think she has a point.
So like I said I got $120 from the Penny Arcade this weekend, but I was far from alone. Here is the crappy cellphone picture I took of the line. All those people on the right (plus the dog) are waiting for their turn at the spare change counting machine.
Congress will sneak into your bedroom tonight and steal a precious hour of sleep, but you don’t need to take the theft lying down. Get up tomorrow and use a few tips from Consumer Reports to steal back some hard-earned cash.
Capitalism isn’t doing well these days leading the entrepreneurial among us to embrace bartering. Traffic to Craigslist’s bartering section has more than doubled since last year as people to try to make use of skills that might not otherwise have much value.
Great idea from reader CumaeanSybil: “One thing I’ve been doing lately: every time I buy something on sale, I take the difference from regular price and put it in savings. It keeps me motivated to seek out sale prices and coupons, because I like seeing that account grow.”
You can save big on groceries by forming a little warehous club buying collective with your friends:
Cable is one of the first things you should cut to keep expenses down, but that doesn’t mean you should ditch your favorite shows. J.D. over at Get Rich Slowly cut his cable bill from $65.82 to $11.30 without missing a single harrowing plot twist. Here’s how he did it…
Sporting events were once a nice way to kill the day with friends instead of the massively expensive once-a-year “treats” that they’re trying to become. Food and drinks are easily the biggest expenses you can control at any sporting event, and with a few tips from Frugal Dad, you can keep your day at the game as cheap as it was in grandpa’s time…
Adam from Free Press sent us his tips for lowering his cable bill. Using these strategies, Adam reduced his monthly bill from $190 to $90, and added three movie networks, a sports package, and two additional boxes.
Alexandra Penney had been building up her retirement savings for over 30 years, and a decade ago she put her money in the trust of Bernard Madoff’s firm to grow it. You know how that story ends, but in her ongoing series “The Bag Lady Papers,” Penney writes about the emotional toll of seeing your life’s savings evaporate in what seems like seconds, and how she’s been coping since.
“Consumers have clammed up,” said Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, who forecast a decline. “The reduction in consumer credit doesn’t stop here, and will spill over into 2009. Households are bolstering their balance sheets.”
“Suze Orman’s 2009 Action Plan” is free to download from Oprah.com for the next week. Unlike last year’s “Women & Money,” this book is intended for pretty much everyone. We haven’t read it, so here’s a line from the Amazon editorial review: “There are safeguards to put in place, actions to take, costly mistakes to avoid, and even opportunities to be had, so that you are protected during the bad times and prepared to prosper when things take a turn for the better.”
Are you earning at least 4% in your savings account? If NO, do yourself a favor: Open a high-yield online savings account and start adding some serious muscle mass to your savings. Here’s the skinny: