It may not feel like it, but it turns out that you are paying really low taxes right now, the lowest in 60 years, in fact, according to a new analysis of Federal data. [More]
personal finance
BoA Sued For Taking TARP $ But Not Helping Foreclosures
By 5.7.10
A class action lawsuit has been filed against Bank of America for taking $25 billion in federal TARP bailout money but intentionally failing to live up to its part of the bargain. The deal was that banks were supposed to use use the money to allow struggling homeowners to reduce their payments to affordable levels. “Bank of America came up with every excuse to defer the Kahlo family from a home loan modification, from stating they ‘lost’ their paperwork to saying they never approved the new terms of the mortgage agreement,” said the plaintiff’s attorney. “And we know from our investigation this isn’t an isolated incident.” Bank of America declined to comment.
Washington homeowners file class action against Bank of America [Seattle PI]
Top 7 Legalized Ripoffs
By 5.7.10
We busted the trusts! Oil! Rail! Coal! Kapow! You just got Tafted! Yeah, but that was a century ago. Industries have had more than enough time to mutate and adapt, especially when it comes to technology, and figure out new anti-consumer ways to develop and maintain hegemony. You get higher prices, lower product quality, and fewer rights. They get more yachts to waterski behind. In no particular order, here are some of the top 7 legalized ripoffs consumers face today: [More]
Test Your Credit Card IQ
By 5.7.10
So you think you’re pretty smart with your credit know-how? Got a good credit score and line of credit? Well here’s another number to watch, your credit card I.Q. Take this 10 question test and see how you stack up. Even I got a few of these wrong. For instance, “The typical American carries a balance of about $5,500 in credit card debt. If you make no more charges and pay only the minimum payment each month, how long will it take to pay that debt off at 19 percent interest?”
10 questions to test your credit card I.Q. [Philly.com via LowCards.com]
VIDEO: VISA Is A Monster That Feeds On Human Wealth, And VISA Is Hungry
By 5.6.10
“Go. Get it. Run. Use your VISA card right now. It doesn’t matter what you use your VISA card to buy. It doesn’t matter what you use your VISA to buy. All that matters is that VISA is a monster that feeds on human wealth. And VISA is hungry.” The credit card companies’ rapacious desire for your debt is laid bare in this commercial parody video. I guess you would call what we’re going through now the purging stage? NSFW due to naughty words and suggestive simulating gestures. [More]
How Rich Are You, Really?
By 5.6.10
It’s not enough just to have money. You need to know how your money stacks up against others’. Are you making a lot or a little compared to most people? How many people are ahead of you, and how many behind? A free fun little online tool called the Global Rich List is here to help. Just type in your salary and it will tell you your rank in the entire world. For instance, a salary of $75,000 and you are the 49,322,169th richest person in the world. Not bad, eh? Sure, but the guy who is the 49,322,168th has it so much better.
Things You Don't Need To Buy For A New Baby
By 5.5.10
Cameron Huddleston, an editor at Kiplinger and a mom, has some advice on how to make the most of your new baby budget. The money you save on things like play mats, changing tables, and fancy first-year clothes can be used to pay for less pleasant but more important safety-net things, like life and disability insurance, health insurance, and a will. [More]
Banks Gone Amok, Unlawfully Foreclosing
By 5.5.10
“Darnit, where was that mortgage modification paper? I knew I put it somewhere. Oh well, let’s just foreclose on these people’s house. STAMP! Whoo, that was tough. Time to treat myself to a Diet Coke.” That’s an imaginative reenactment at what’s going on inside the mortgage departments of the biggest banks in America: total disorganization, the right hand not knowing what the left is doing, a bureaucratic and document-strewn nightmare that can swallow up people’s homes right from under them. [More]
Now This Is How You Tell A Zombie Debt Collector To Buzz Off!
By 5.5.10
“RJM Acquisitions” mailed Mark a funny notice asking him to pay up $4,448.23. The address they had associated with it was indeed Mark’s, 20 years ago, that is. Not only was the debt invalid, but even if it hadn’t, the statute of limitations was well expired. Mark got to work and drafted a kickass letter to dispute the debt and tell them not to contact him again unless they wanted to be sued $1,000 each time. Here is his letter, which can serve as a good model for any other readers fighting off invalid debt collection attempts, and his story: [More]
Personal Finance Roundup
By 5.5.10
The Best Time to Buy Guide for 75 Products and Services [Go Frugal Blog] “Before you make another major purchase, check with this guide to know when the best time to buy is.”
5 Savings Tips for Soon-to-Be Retirees [Smart Money] “Here are five ways to boost your retirement savings — even later in life.”
Simplify Your Financial Life [Kiplinger] “Now is the perfect time to do some financial spring cleaning, from tossing old papers to digitizing important documents.”
How Much to Donate? God Knows [NY Times] “Of the $229 billion that Americans donated in 2009, about half went to religious institutions.”
Cash Provides a Cushion [Wall Street Journal] “People who lose their jobs often think about using a severance package to pay off debts. Instead they should focus on conserving cash.”
BoA Debt Collector Tells You How Not To Be A Deadbeat
By 5.3.10
A shadowy figure emerges from even darker shadows to reveal the umber-colored world that is the Bank of America Collection department. It is a place so fell that it cannot be even spoken of directly and is instead referred to as “Customer Assistance.” A cruel joke? Perhaps. “I never expected to be working for such an evil company. but they were the only ones hiring,” says our tipster who has some tough-love advice for all you deadbeats out there so he doesn’t have to call you up and demand your money. Because he will find you, and he will get you. [More]
Join The 24 Hour Fitness Class Action Lawsuit
By 5.3.10
If 24-Hour Fitness kept charging even after you cancelled, you might be eligible to join a class action lawsuit against them. You can join if you were debited between Oct 2, 2002 and Feb 28, 2010. You could get $20 back, or, in a perhaps ironic twist, a three month gift certificate to 24-Hour Fitnesss.
Friedman, et al. v. 24 Hour Fitness USA [via Top Class Actions]
10 Coolest Secret Safes
By 4.28.10
Safes are handy for safekeeping stuff you don’t want other people to get, like money. The only problem is most look so “safey.” Given enough time, any of them can be broken open. The best solution is if the robbers can never find it in the first place. No, that fake-bottomed can of Campbell’s Soup in your closet isn’t going to fool anyone. To this end, Budgets Are $exy has rounded up “The 10 Awesomest Safes I’ve Ever Seen.” They have a surge protector safe, bread safe, and dirty underwear safe, but my favorite is the iceberg lettuce safe. [More]
Personal Finance Roundup
By 4.28.10
How to Ask for a Raise [Free Money Finance] “Here are some steps to take when asking for a raise.”
How to appeal your tax assessment [MSN Money] “Now that home prices are sinking, your tax bill should be shrinking, too. If it hasn’t, take action.”
5 Cost-Saving Tips for Moving Time [Kiplinger] “Decamp mid month and other ways to save without schlepping it yourself.”
Penny-Pinching Is Fine, but It Won’t Save the Profligate [NY Times] “Perhaps, despite common wisdom, the small ways to save don’t really help us. They can even hurt us by fooling us into believing we are making genuine financial changes when we’re not.”
20 ways to save green by going green [Smart Spending] “Retailers offer discounts for eco-friendly practices, but savings can be slim.”
VIDEO: Store Clerk Learns He's $258.5 Million Powerball Winner
By 4.26.10
If you’ve ever played the lottery, here’s your chance to vicariously live through the moment of realizing you’re the winner. Store clerk Chris Shaw recently became a $258.5 million Powerball winner of the Missouri lottery, and here’s the footage of him arriving at the gas station where he bought it and learning he gets all the marbles. If anything he seems pretty aw shucks and humble about it. [More]
Save Money On Haircuts
By 4.26.10
Personally I can’t imagine a haircut costing much money, so MainStreet’s list of 18 ways to get a cheap haircut seems like frugal overkill to me. But then again I’m a guy and I’m going bald, so I just use clippers to avoid the sadness of listening to scissors snip away at nothing, and consequently I don’t really know much about the world of hair salons. Apparently a good haircut for a woman can cost a lot of money, unless you know how to find a bargain. [More]
Blippy Revealing Users' Credit Card Numbers To Internet
By 4.23.10
UPDATE: Blippy is taking this seriously. [More]
Sell Better On Craigslist
By 4.21.10
If you have a digital camera and a computer, you can make some quick cash by turning your unwanted possessions into cold hard cash on Craigslist. But what makes a good Craigslist listing? How do you make your ad stand out? [More]
