Owe more on your old car than it’s worth, but want to buy a new one? Those cash rebates so many car companies are offering on new purchase can be used to pay off your old loan. [Bankrate] (Photo: morsteen)
money
Get $50 Million In FDIC Insurance
By 3.14.09
You read the title right. When you’re a high roller, the $250,000 limit of FDIC insurance just isn’t going to cut it. Let me show you how you can get $50 million. It’s all about rocking the CDARS.
Videos: Getting Your Property Value Reassessed
By 3.12.09
Filing an appeal to get your property value reassessed so you can pay less property taxes appears daunting, but this video series from the California State Board Of Equalization is here to helps walk you through the process. It’s designed for California, but there’s things in here that you can learn from regardless of where you live.
Personal Finance Roundup
By 3.12.09
work [MSN Money] “With more companies in dire straits, raises, health insurance and 401(k) matches are vulnerable to being cut. If they’re not already gone, they could be soon.”
50% Of Americans 2 Paychecks Away From Having Big Financial Problemos
By 3.11.09
Whatever happened to developing an emergency fund to cover rainy day expenses? Apparently many Americans haven’t heard of this practice (or at least aren’t applying it) and now with the economy in the tanker, their financial lives are hanging by a thread. US News reports that half of Americans are two paychecks away from hardship.
Convert And Combine Your WaMu And Chase Cards
By 3.11.09
The handover is complete and Chase now officially runs the WaMu credit card operations. Here’s how to combine your WaMu credit lines with your Chase credit lines. [CreditMattersBlog] (Photo: Ed Yourdon)
Scrizzle: New Homeowners Can Get Up To $8000
By 3.11.09
First-time home buyers can get a tax credit of up to $8,000 thanks to the stimulus bill Obama signed back in February. You qualify if you bought between April 9, 2008, and November 30, 2009. To get the credit, use IRS Form 5405, “First-Time Homebuyer Credit.” Since house prices are going down, the credit isn’t anything to go and sign for a new crib this afternoon. But if you already got a home or were planning to, it’s extra jingle in your coin-purse.
Senators Propose Financial Product Safety Commission
By 3.11.09
Senators Durbin and Schumer today proposed making a “Financial Product Safety Commission.” (an idea originally put out there by the super-awesome Elizabeth Warren 2 years ago). Shumer likened it to the Wild West days of medicine in the 1900s when snakeoil got peddled from street corners and magazines, saying, “Those who sell quack financial products in the 21st century” should be “reined in, not with disclosure, but with real limits.” If it comes to fruition, hopefully unlike other government protection agencies it will be staffed by consumer advocates instead of industry insiders.
Citi "Homeowner Helper" Site Merely Potemkin Village?
By 3.10.09
Did Citi set up its “homeowner helper” site to comply with Obama’s mortgage assistance programs, but then not actually attach it to any humans that will help homeowners? After inputting his info on the site, Citi told reader CoarseLive to schedule an appointment with a representative. No one ever called him. When he tried calling Citi directly, multiple agents told him they had no idea what he was talking about, and they hung up on him, again and again. His story, inside…
Stocks: Old Bulls Losing Their Steam
By 3.10.09
Even eternal stock market optimists are losing their nerve these days, but Fidelity’s Peter Lynch still says, “But at some point in the future, I think you’ll look back and see that we’ve gotten through this,” and that “stocks turned out to be the best bet.” Personally, I’ve started to look at it as throwing money down a magic wishing well, or planting magic seeds that will take 10 years to grow (it’s amazing how adding the word “magic” to anything makes it a little more psychologically palatable). [NYT] (Photo: ynskjen)
How To Make Sure You're Not Paying $3.02 Per Minute For Cellular Service
By 3.10.09
As we noted yesterday, the average cellphone user is paying at least fifty cents to one dollar per minute because they’re only using 32% of their minutes. To make sure you’re on the plan with the best value, services like BillShrink and MyValidas can help you analyze your cellphone bill and see which plan you should switch to based on your actual minutes used.
Ladder Your CDs For Fun And Profit
By 3.6.09
Here’s a way to get around the worst part of CDs (certificates of deposit) which give you a higher guaranteed interest rate but lock your money in for a certain period of time: Make a ladder!
Visa And Capcom Announce Street Fighter Hyper Fee Edition Card
By 3.5.09
Video game maker Capcom has partnered with Visa to offer a pre-paid debit card with so many fees that it will shrink your wallet from an E. Honda to a Dhalsim. The hurricane kick of fees, inside.
Personal Finance Roundup
By 3.5.09
7 Things to Leave Off Your Resume [US News] “What you omit from your resume can be just as important as what you include.”
Hey, Look On The Bright Side!
By 3.4.09
Anyone had enough bad news lately about the economy? Layoffs, the stock market diving, bailouts, government debt, the housing crisis — all of it can add up to some pretty somber feelings. And the fact that it’s been going on for awhile now can drag anyone down. We’re not going totally Pollyanna on you, but we do share the sentiments of the Wall Street Journal that maybe we should stop complaining and be a bit thankful. Turns out that doing so could put you in the middle of a growing trend:
Citibank Reinstates Credit Limits If You Ask
By 3.3.09
Like many credit cards, Citibank is cutting people’s credit limits left and right but apparently if you call up and ask to get your credit limit back to where it was, they’ll do it for you. Classic tactic: Conduct adverse action, easily fix it for the small amount of people who complain, profit from the difference. As ever, squeaky wheel gets the grease.
Certificates Of Deposit Aren't Risk-Free
By 3.2.09
With the stock market gyrating wilder than a dashboard hula doll, you probably want an investment that won’t depress you when you open the paper. Certificates of Deposit or “CDs,” an insured savings account with a guaranteed interest rate may sound like the antidote, but even they are not without risk.
