Perhaps this British Airways American Express Premium Plus Card’s interest rate is in “metric” APR, but if not, no matter what side of the pond you’re on on, or road you drive on, you must agree that a 43.5% variable interest rate is bollocks. Who cares how many bonus miles you get, they’re just going to get devalued anyway.
money
By 7.15.08
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This morning, very early in the morning, we were on KTLK in Minnesota talking about, yep, you guessed it, the Grocery Shrink Ray. Clip is here. And earlier this week we were featured in an article in the UK’s Observer.
Reader Refuses To Give Driver's License With Credit Card Purchase
By 7.15.08
Reader Brandon is obviously familiar with number 3 in the 10 Things You Might Not Know About Your Credit Card post, holding firm in the face of a retailer who wanted Brandon to give his driver’s license when he bought something with a credit card:
3 Ways To Beat The Grocery Shrink Ray
By 7.15.08
Is your supermarket the victim of The Grocery Shrink Ray, the force that is shrinking how much product you get while keeping the price the same? Here are three antidotes:
10 Credit Card Company Tricks To Beware
By 7.14.08
Are you smarter than a credit card company? They’ve got billions riding on their belief that you’re not. Check out these 10 methods, via the Americans for Fairness in Lending, credit card companies use to make extra money off you that you may not even be aware of, knowledge that could save you hundreds in extra fees.
By 7.14.08
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TV stations looking to save money can do so by interviewing guests remotely over Skype, as WTVT in Tampa did, live, with me this morning. No more paying for car service or bottled water!
Cattleprod Loan Servicers To Answer Your Loan Modification Requests
By 7.14.08
If you’re trying to get your mortgage modified or just a question answered but find yourself stymied by your loan servicer’s slow or lack or response, you can write what is termed a qualified written request (QWR) under section 6 of Respa, The Real Estate Settlement Procedures Act. Under federal law, they have to acknowledge the letter within 20 working days and respond in 60. Inside, a template to follow for drafting a QWR…
Personal Finance Roundup
By 7.10.08
Seven Websites That Saved Me Money in the Last Week [The Simple Dollar] “Here are seven websites I used to directly save money over the last week, my exact purchases and savings, and how much cash they saved me.”
S&P 500 Enters Bear Market
By 7.9.08
Since the Dow made it look so fun, the S&P today dipped into its first official bear market since 2002. A bear market is usually defined as a 20% drop in securities prices from their high (Not a hard feat when the financials were hyped up on imaginary money from worthless mortgages). Is it time to sell, sell, sell? Not unless you’re retiring tomorrow, tomorrow, tomorrow. Investopedia says the best thing to do when you see a bear in the market is the same as when you see one in the woods: “Tuck in your arms and play dead!” In other words, don’t go crazy selling stocks at a loss. In both cases, fighting back can leave you bleeding, although toughing it out won’t be a pleasant experience either. And if you have money leftover after filling up your car, it’s actually a buying opportunity. Which I guess is like playing dead in front of the momma bear while your buddy gathers up all the cubs while mamma is occupied and then later you and your buddy train them to harvest honeycombs for you.
Save Money by Taking a State Tax Holiday
By 7.9.08
In an effort to spur retail sales, many states offer sales-tax holidays each summer — periods of time where sales tax is temporarily suspended on certain products. This year the slumping economy has some states enhancing their efforts by extending the holiday dates and broadening the list of eligible products. Smart Money lists each state sponsoring a sales-tax holiday as well as the applicable dates and details of each offer. It also suggests a few helpful hints for making the most of a sales-tax holiday as follows:
How To Protect Yourself Against Aggressive Debt Collectors
By 7.9.08
Millions of Americans are in debt, so it stands to reason that there are over 6,500 collection agencies in the U.S.. Most of these agencies operate under the law but a growing number of them do not. According to statistics from the Better Business Bureau, complaints filed against debt collectors rose 27% in 2007. Even if you legitimately owe the debt, you should know there are laws that protect you against harassment and the unfair practices often employed by these rogue debt collectors. CNN Money discusses the Fair Debt Collection Practices Act and laws which protect the consumer. Details, inside… [More]
Can Prayer Lower Gas Prices? These People Think So
By 7.8.08
Some people think we don’t have a prayer of gas prices dipping below $3.00 for a good long haul. These parishioners holding hands around a Shell station beg to differ. They’re part of a group called “Pray At The Pump,” organizing prayer-circles at various DC area gas stations, hoping to goad divine intervention into lowering gas prices. I wonder if they carpooled to the rendezvous point.
Shame Yourself Into Spending Less With A Hello Kitty Debit Card
By 7.8.08
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:
Personal Finance Roundup
By 7.3.08
8 ways to ruin your chances to retire [Bankrate] “You can stay shackled to a job until your last gasp if you follow these steps.”
Save Money By Bartering
By 7.3.08
As we’ve noted, the tough economic times are forcing many people to look for creative ways to save money. The Wall Street Journal reports on one age-old method that’s gaining popularity:
Dow Enters Bear Market
By 7.3.08
Finally having lost over 20% from its October high, the Dow has entered into a bear market. An unrelated story about an investor-fleecing hedge fund manager who tried to make his disappearance prior to his incarceration look like he took his own life provides context in a Google Trends graph.
Reach Washington Mutual Executive Customer Service
By 7.2.08
If you’re trying to get through to Washington Mutual and regular customer service isn’t helping you, give these numbers for Executive Customer Service, a very high-up customer service team with superpowers to solve customer problems at any and all levels, a try. Be calm, polite, professional, and able to state your case in 1-2 sentences. It’s a good idea to read this post on dealing with executive customer service first. The info really works, read this lady’s story about how contacting WaMu executive customer service saved her house from foreclosure.
Succeed Through Self-Undermining!
By 7.1.08
Our post on freezing your credit cards in a block of ice got me thinking. Anything that slows, stops, or impedes making transactions can be used as a technique for limiting your spending. Whatever it may be, cutting up your credit cards, locking up most of your money in an account it takes 3 days to transfer from, giving yourself an allowance, it will be a variation on a single principle: It’s easier to put a hard limit on the future then to make the right decision in the impulsive moment. Installing some kind of an automatic hiccup can help break you out of your desire-driven action and give you the breathing room to step back and make the right choice. So if you have trouble with overspending (or overeating or any kind of bad habit) and your sheer willpower is sometimes lacking, aka, you’re human, try brainstorming ways you can trip yourself up. The world is full of obstacles, it shouldn’t be too hard to find one.
