I realize I’ve made this point before but, come on, talk about a sucker’s bet: The odds are before you ever strike it rich playing the lottery you’ll most likely be struck by lightning. Twice. Now consider this: Over a ten year period, somebody who puts $25 per week into a savings account or CD earning 4.5% compounded monthly will earn $16,417. Meanwhile, someone hoping to strike it rich by spending
Continue reading 100 Words On: A Surefire Way to Beat the Lottery – Guaranteed.
I bet you didn’t know Priceline had a jail.
I didn’t either until I got tossed into their web-based hoosegow for 24 hours. Heh.
What was my “crime” you ask?
This is kind of embarrassing to admit, but I recently made an offer on a rental car for our upcoming family vacation to the East Coast that was apparently a bit too low for Priceline and their affiliates’ liking.
I still don’t understand
Continue reading Priceline Users Be Careful: Name the Wrong Price and You May Go To Jail
People who believe in personal responsibility are often unfairly accused of being heartless and uncaring.
For proof, all one has to do is look at my inbox. I usually get at least one scathing letter every week from a reader who mistakes my philosophy regarding the importance of self-reliance and living within one’s means as a paean to the “virtues” of selfishness and greed.
Of course, nothing could be farther from
Continue reading How I Got Scammed at My Local Gas Station
Remember when this was considered a paltry return?
Your savings are a long-term investment, and whether you have accounts for short term purchases to furnish your home or fill your wardrobe, or whether you have your emergency fund and bill payment funds saved in the same place, you have worked hard to earn your money.
You have also worked hard to be disciplined enough to save it in the first place —
Continue reading How Fees Quickly Erode Your Savings Account Returns
Yesterday I was at the gas station and I observed a soccer mom topping off the tank of her bright yellow Hummer.
And when I say “topping off,” I mean really topping it off. She must have squeezed that hose handle a dozen times — and each time she did, the gas pump reacted with one of those obnoxious attention-getting retorts warning her that the tank was full. You know
Continue reading Money Mirages: 6 Money-Saving Ideas That Are Anything But
According to the New York Daily News, Chelsea Clinton and Marc Mezvinsky spent roughly $3.3 million in 2010 on their marriage celebration.
Talk about a big fat expensive wedding.
The good news is, more than three years after saying “I do,” the famous couple is still, apparently, happily married.
Truth be told, 18 years ago I spent a little over $6000 on my wedding, excluding the Honeybee’s engagement ring and wedding
Continue reading Your Big Fat Expensive Wedding: Stupid Is As Stupid Does
The other day the light bulb on my porch finally gave up the ghost, so I ran down to my favorite hardware store to pick up a new one. When I got there I was presented with a choice that many people struggle with: Is it better to stick with the regular old incandescent bulb or spend significantly more money for the energy efficient compact fluorescent light (CFL) instead?
Continue reading Is the Payback Period on Energy Efficient CFL Bulbs Too Long?
The other day I came across an interesting article that suggested a healthy dose of skepticism was essential when you’re watching television commercials that make claims for both prescription and non-prescription drugs.
It turns out a study published in the Journal of General Internal Medicine found that 66% of claims made in television drug commercials were either misleading or flat-out false.
Actually, before paying for anything, a little skepticism can often
Continue reading 8 Misleading Claims People Often Make To Close a Deal
You know, there used to be a guy named Ripley who made a fortune explaining why things aren’t always what they seem. For example, a banana tree is not a really a tree at all, but a massive herb that can grow as tall as a four story building.
If you think that’s something, koala bears aren’t really bears at all — they’re marsupials.
And next time you visit New York
Continue reading How Cheaper Gasoline Ultimately Costs You More
As I mentioned in Part 1, this story is not about everyday money leaks or niggling oversights we all make from time to time, like leaving the lights on or buying a burger at a fast food joint and forgetting to use the 2-for-1 coupon in your wallet.
Instead, it’s about the type of money blunders that wake me up in the middle of the night and leave me covered
Continue reading My Dumbest Money Mistakes (Part 2)