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Good Housekeeping has an extensive article detailing the 5 most common money mistakes that people make, from spending too much on “bargains” to letting their children blow their budget by not standing up to whining and teaching their children the value of things. [Good Housekeeping via Digg]
Reader MervinGleasner has Hello Kitty to thank for his unique method of curbing personal spending. In a comment on our “Succeed Through Self-Undermining!” post, he writes:
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US News & World Report’s Alpha Consumer Blog offers a quiz to help you determine the answer to the following ever-puzzling question: Can you afford to have a baby? [Alpha Consumer]
Zach tried to rent a truck from Budget last month, and not only did he not get the truck, but he didn’t get the compensatory gift card they offered by way of apology. In fact, pretty much the only real thing he got from Budget was a $50 fee on his credit card for being a “no show”—even though he arrived at the location a half hour before closing only to find it locked up. Oh, and the location was 150 miles from his home.
Kevin noted on his Budget rental forms that his truck was covered with graffiti and other nicks and scratches before driving off the lot. As soon as he returned the truck, the lot agent pointed out a slew of damage and invited him inside. He said that Kevin had two options: pay $670 in cash immediately, or pay several thousand dollars to corporate later. Kevin paid the extortion fee, but now Budget’s corporate office wants $2,080 to repair, among other things, graffiti damage.
Over at Wise Bread they have an interview with Mary Webber, a Frugal Family Thrift Counselor. Yes, that’s apparently a real job.
If you were eyeing the “budget-priced” Gateway P-6831FX and thought about picking one up at your local Best Buy, you’ll want to wait until this Sunday, February 17th, when Best Buy says it will lower the price again.
John Norris’ family is drinking a lot less milk these days. He said he considers the higher prices and has cut back on his kids’ milk consumption. But between work and family obligations, he still drives almost as much as he used to.
Budget Rent-A-Car settled with the FTC over its illegal charge of fuel fees even for customers who returned the car with a full tank of gas. Budget claimed in its advertising and in-store signage that customers would not be charge for fuel if the car came back with its tank full. In reality, Budget would charge customers a $5, $6, or $9.50 fuel fee if they drove fewer than 75 miles and returned with the tank full. The only way to get the fee reversed was to present a gas receipt, a procedure Budget didn’t disclose in advance. Under the terms of the settlement, Budget will have to stop doing this crap.
Bankrate is concerned that you’ll spend more than you can afford this holiday shopping season, so they’ve got a list of 7 “budget busters”:
Travelodge, which runs more than 300 budget business hotels in the UK, is training its staff on how to respond to the 70% surge in the past year of naked men sleepwalking through their hotels: “One tip in the company’s newly released ‘sleepwalkers guide’ tells staff to keep towels handy at the front desk in case a customer’s dignity needs preserving.” The sleepwalkers have been reported asking questions like, “Where’s the bathroom?,” “Do you have a newspaper?” and “Can I check out, I’m late for work?”
Sometimes it seems like thrift stores are on the verge of extinction. What used to be a necessity for college students, “alternative” types, artists, and practical moms have mostly been replaced by “super-low prices” at big box stores, or dirt-cheap fashions from retailers like H&M, Steve & Barry’s, or Old Navy. Still, if you’ve got the time and the right attitude, and you’re okay with that vintage/hand-me-down look, you can find some good bargains at thrift stores.
Ahh, kids: nature’s little moneypits. The back-to-school season is a particularly appalling time, when parents everywhere struggle to stock up on all the goods they’ll need in the coming months. At Bankrate.com, professional parent and advice-giver Peter J. Sander suggests that you make saving money on back-to-school purchases a family project, by giving your kids budgets, helping them figure out how to save for big ticket items by scrimping on less important ones, and — our personal favorite — “deprogramming” them before you leave your house:
How will you get your child the name-brand items he wants while staying under budget? You won’t. Sander says that to avoid having your child fall into a I-can’t-possibly-wear-this-if-it-isn’t-Nike meltdown at the store, you need to de-program him from commercials. “We teach our kids the ‘disvalue’ of brands. We point out commercials and say, ‘They are trying to get you to buy that. You can either buy it or think for yourself,'” he says.
The University of Pittsburgh Medical Center has tips for eating healthy while saving money, and we think the tips are great.
Reader Larry writes in with a complaint about a commonly used “scam.” We call it a “scam” because we believe it’s misleading and designed to take advantage of people who do not read things carefully, but you judge for yourself. Here’s how it works:
Here’s about 385 working discount codes and coupons for National, Enterprise, Budget, AVIS, and HERTZ, courtesy of Fat Wallet. The post says they’re all tested as of 6/30/07. If you have trouble using any of the codes, read through the pages of messages for tips and pointers.
If the government made $1,000 a week (about the median household income in the US) what would its budget look like? MSNBC took last year’s budget and calculated the “household” budget of the US Government.
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