As featured in The Wall Street Journal, Money Magazine, and more!

March 2007

Carnival News

by Luke Landes

Monday’s Carnival of Personal Finance will be hosted by Lazy Man and Money on Monday. This week’s Carnival was hosted at Sun’s Financial Diary. There were some great articles, including 25 Reasons to Leave Your Job and What Lenders Talk About Isn’t Important, It’s What They Deliver. Hosting the Carnival can be a bit of […]

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Shopping at Kohl’s and Being Granted Discounts

by Luke Landes

I’ve found Kohl’s to be a good store when it comes to shopping for clothing. They have sales pretty often, and it’s very easy to find bargains. The clothing seems to be of a decent quality, nothing special, and the items I’ve bought have held up well over the past few years. A coworker had […]

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Millions in Taxes Overpaid, Millions in Taxes Uncollected

by Luke Landes

It’s always interesting to see stories in the media that seem to conflict with each other. Here is a case of conflicting messages, although both viewpoints may be true to an extent. First of all, CBS reports that Americans pay too much to the IRS in the form of taxes. This happens mainly because people […]

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Question for Readers: Closing an Old Capital One Account

by Luke Landes

A reader wrote to me with a question, in response to my entry regarding how Capital One credit cards hurt your credit score. She is concerned with Capital One’s bureau reporting tactics and their junk mail, but it’s her oldest account, so she doesn’t know if closing the account is the best thing to do. […]

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February Heating Cost Way Up

by Luke Landes

My electricity bill from February was a bit of a shock. I have a one bedroom apartment, approximately 700 square feet. To heat this space (and to use any electronic devices) last month, I’ll have to pay $236. That must be the highest amount I’ve ever paid for electricity in one month. The bill provides […]

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How Easy is it to Beat the Market?

by Luke Landes

On one hand, we have brokers, or salespeople, who sell financial products designed to put the most money in the hands of the people who manage and sell said products. On the other hand, we have financial advisors who swear that for long-term investing, index funds will provide the best and safest return. The brokers […]

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Best Cars of 2007: Consumer Reports vs. Car and Driver

by Luke Landes

Consumer Reports released its top picks for 2007, which lists the organization’s favorite cars in several categories. Here is their methodology: Our Top Picks are recommended vehicles that have met our stringent requirements in three key areas: Testing. Of the more than 250 vehicles we’ve recently tested, each Top Pick has scored at or near […]

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How to Withdraw Money from Upromise

by Luke Landes

Upromise is a loyalty rebate program which rewards its members by investing a percentage of purchases into accounts for education expenses, namely 529 College Savings Plans. Just register your credit cards and your supermarket membership cards and the different rebates are credited to your account to be invested at a later date. These rebates are […]

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Problems With TIAA-CREF Continue: One Reader’s Issue

by Luke Landes

My Roth IRA and SEP IRA are held at TIAA-CREF. I’ve had some problems with them in the past, which I’ve outlined a number of times. Most recently I noticed that my contributions for 2005 were included on my 2006 tax form. Their explanation was simply that 2005 contributions made during 2006 would appear on […]

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Personal Income Statement, February 2007 (Net Income: $3,057)

by Luke Landes

February was another positive month, little thanks to the day job. Don’t get me wrong, I’m happy to have a steady job where I’m appreciated and benefits are provided at low cost. Even though I’m keeping my expenses down, I’m still relying on my side income to get me through the month. I also received […]

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