If you owe creditors less than $5,000 (not including a mortgage) you’re in a rather small group of Americans with minimal debt. According to a new survey, nearly half the country owes at least $25,000 — and spends as much as half of their monthly income paying down their debt. [More]
Earlier this year, Western Union agreed to pay $585 million to settle federal allegations that it didn’t do enough to prevent fraudulent transactions. Some of this money is to be paid out to victims of this fraud, but the government is warning people not to let themselves get scammed a second time.. [More]
Every time I get an email from a Nigerian official bearing the news that deceased royalty has inexplicably left me a huge sum of money, I can’t help but wish it really were true. So when a man in South Carolina got a phone call informing him he was due $763,000 in unclaimed cash, it’s not surprising he thought the whole thing was a scam. Except this time, it wasn’t. [More]
As the old saying goes, crime doesn’t pay. But in some cases, being honest — and patient — can certainly reap financial rewards, as one man now gets to keep $15,200 he turned in after finding it on the street. [More]
You wouldn’t expect to fit more than a few dollars in the back of today’s flat-screen televisions, but TVs of yesteryear with their bulky backs full of tubes and cords were apparently another option for consumers who have a tendency to stash away money. You know, if their box springs were already full: More than $100,000 was recently found hidden inside an old TV at a recycling plant. [More]
There are plenty of restaurants and businesses that refuse to accept anything other than cash,but one Baltimore coffee shop is swinging the other direction after getting robbed one too many times. [More]
Last month, thousands of Instacart shoppers and drivers — the people who get paid to collect and then drop off grocery orders for customers of the online service — were notified that they would soon be seeing a difference in their paychecks as the company overhauled its tipping and scheduling policies. This announcement hasn’t exactly gone over swimmingly, and now several Instacart workers are telling Consumerist why they have misgivings about the change. [More]
Carolina Panthers fullback Mike Tolbert was apparently so displeased with the service he received from a car shop that he paid the business almost $4,000 using nothing but change. [More]
Sure, the idea of sitting on your couch in your boxers and picking a loan from a list of preselected lenders seems like an easy and fairly straight-forward process. But federal officials say the relatively new online lending industry is rife with potential risks and should be subjected to additional oversight. [More]
When Americans travel, our money goes with — and not just in a metaphorical sense. Where people go, coins get left behind. Meanwhile, the pennies we drop at home get swept into trash heaps and scrap yards, falling out of sight and out of mind. But that doesn’t mean they don’t exist — and even if they’re beat up, it doesn’t mean they lose their value.
What would you do if you saw cash fluttering from an armored vehicle while driving down the highway? What you are not supposed to do is scoop up handfuls of money and then drive off. Yet that’s what usually happens, because people are terrible and greedy. It’s what happened in New Jersey this morning.
United Airlines CEO Oscar Munoz returns to work on Monday only two months after a heart transplant. Was the airline exec’s speedy recovery spurred by a desire to get back to business, or did Munoz return earlier than planned because it was the only way to earn his full bonus?
Improving your finances doesn’t always require a big investment. Sometimes a single phone call or a small tweak are all you need to improve your financial future or present. Looking for some ideas as you change to your new “366 Kitten Photos” desk calendar? Here are some ideas from our financial friends down the hall at Consumer Reports to get you started. [More]
A 73-year-old man in Louisiana did not originally start saving all of his pennies as a fun personal finance hack. He says that he began the habit 45 years ago as a reminder to pray every day. His collection grew with the help of a friend who had a similar collection of nickels and by simply holding on to every penny that passed through his hands. [More]
Local Official Thinks It’s Uncool To Pay $25 Parking Ticket In Pennies, But Affirms Man’s Right To Do So
A Pennsylvania man who was rebuffed when he tried to pay a $25 parking ticket he owed to his borough entirely in pennies should’ve been able to use those coins, a local official said, but really, it was kind of rude for him to do so.
Although we won’t find out which historic woman the U.S. Treasury Department will choose for a new $10 bill until later this year, a new poll says Americans already know who they want sharing face time with Alexander Hamilton: The nation’s longest-serving first lady, as well as an activist, diplomat and politician, Eleanor Roosevelt.
It sounds like a dream come true: the doors of an armored truck fly open, and cash comes flying out, all over the road, just begging to be scooped up by passers-by. But even when dreams become reality, that doesn’t mean loose money is free money, which is why police in Baltimore are asking the public to return cash that spilled from an armored vehicle earlier this week.