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One of the most popular financial tips that people routinely dispense to others is, “You get what you pay for.” Perhaps that’s why many folks erroneously believe they can’t go wrong by paying more for something — whether it’s a fancy meal, designer jeans, bottled water, or a host of other products and services. That’s not always true. There are plenty of examples — education and gasoline are two of Continue reading 100 Words On: Why You Don’t Always Get What You Pay For Before I kick off my little pity party that’s doubling today as a do-it-yourself therapy session, let me state for the record that I think Southwest Airlines is still the best-run US domestic airline in the business. Although I have no loyalty to any airline, I love flying Southwest. A big reason is they are generally tough to beat when it comes to low fares, but what really takes Southwest to Continue reading Southwest Airlines: Great Prices, but Beware the Bait and Switch Last week I got a notice in the mail announcing that my kids’ school lunch price would be increasing by about 10 percent this year to $2.25. Despite the increase, I’m sure many busy parents struggling to make ends meet think that’s still a bargain for lunch. It’s not. In fact, with the new school year quickly approaching, one of the easiest ways to save money is to bypass the school Continue reading My 4th Annual Cost Survey of 10 Common Brown Bag Sandwiches When you’re facing an important financial decision, there’s something to be said about taking a night to think it over. That’s because, when it comes right down to it, most financial decisions aren’t emergencies — although a lot of folks might think otherwise. Unfortunately, people often feel compelled to throw caution to the wind and make expensive purchases — either on impulse, or under the gun of a high-pressure salesman Continue reading 100 Words On: Why It Pays to Sleep on It Prior to a Big Decision Am I the only person in America with a working television that hasn’t watched a single minute of the Olympics on the boob tube? It’s not that I’m not interested in them; I am. It’s just that I’ve been really busy doing research and getting ready for a speaking engagement I have at next month’s Financial Blogger Conference. That’s right; I’m taking this speaking gig seriously folks. After all, you didn’t really Continue reading The Olympics: More Proof Those Given Everything Appreciate Nothing As this penny illustrates, even the United States Mint occasionally makes money mistakes. I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory. For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did. Unfortunately for me, my middle-aged left Continue reading The 50 Biggest Money Mistakes Household CEOs Make It’s time to sit back, relax and enjoy a little joe… Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week… Let’s get right to it this week. I’ve got a hot date with the Honeybee and I can’t be late. Blogs I’ve Been Following This Week Barbara Friedberg Personal Continue reading Black Coffee: Why It Pays to Be Skinny (But Not a Pizza Delivery Guy) Roughly 3 in 10 people now borrow money from their 401(k) retirement plans. Generally, you can borrow half your account balance — up to $50,000 — for as long as five years. True, it’s among the cheapest loans available because the interest rate is typically the prime rate plus one percent, and interest is paid to yourself. Even so, the risks are steep; not the least of which is the Continue reading 100 Words On: Why You Should Resist Borrowing from Your 401(k) Last week while we were shopping for groceries in a Hawaii supermarket, I was reminded of why folks should always be vigilant when it comes to finding the best deals. The supermarket was offering two sizes of All Stainlifter laundry detergent as you can see here: No, we didn’t buy both of them. One of the bottles was in our condo when we arrived — and it was empty. Anyway, the bottle on Continue reading Are You Smarter Than a 5th Grader? Then Guess the Price of This. |
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Black Coffee: Fashion, Facebook, Free Markets and Other Freakouts
It’s time to sit back, relax and enjoy a little joe…
Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance. Here’s what caught my attention over the past week…
Let’s get right to it this week!
Blogs I’ve Been Following This Week
Monevator – Capitalists Must Address the Causes and Consequences of Income Inequality. Let’s get one thing
Continue reading Black Coffee: Fashion, Facebook, Free Markets and Other Freakouts