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

June 2007

Weekly Blog Roundup, 90 Degrees Edition

by Luke Landes

First of all, thank you to all Consumerism Commentary readers who have taken the few short minutes to fill out this survey. I’m starting to get a good picture of who is visiting this site (and why), and this is going to be a great help to me in the future. Here are some of ... Continue reading this article…

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Teens Want to Be Like Me and Drive Honda Civics

by Luke Landes

A good friend of mine recently replaced her older car with a 2002 Honda Civic. Out of the seven of my friends I was spending time with the other night, three of us have Civics. We’re not alone. CNN Money reports that Honda Civics are the top cars for teenagers. Thinking back to my teenage ... Continue reading this article…

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My Expenses Will Climb in Less Than One Month

by Luke Landes

I recently decided to move to a new apartment rather than stay in my current apartment or buy a house. It’s a bit of an upgrade for me, and it’s been a long time coming. I haven’t written much about the financial effects of this decision other than to say it will be less expensive ... Continue reading this article…

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The Carnival of Personal Finance is Looking for Hosts

by Luke Landes

The Carnival of Personal Finance, which was founded here at Consumerism Commentary two years ago, is still going strong. The latest edition was published earlier this week at Clever Dude, and it was full of some great articles from around the blogosphere. Here are a few I liked: * Introduction to Self-Directed IRAs * The ... Continue reading this article…

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Trading Off Your Financial Security For Your Kids

by Luke Landes

An article on SmartMoney starts by providing an example of a family living on an income of $30,000. The parents in their young twenties struggle to pay their monthly bills, but spare no expense when spending on their child. For both her first and second birthday, the couple threw their daughter a birthday bash that ... Continue reading this article…

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Millionaires in the Making: The Cicottes

by Luke Landes

I haven’t written about one of these in a while, but the latest Millionaires in the Making from CNN Money looks interesting. It’s interesting to note that CNN changed the format of the series into a blog, allowing comments (if you’re willing to leave your city and state along with your name). Now, about the ... Continue reading this article…

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Is Your Job on the Bottom 25 List?

by Luke Landes

If you’re reading this blog, the answer to the question in the title is, “Probably not.” Perhaps a better question is whether you can live on the mean incomes provided by the occupations on Forbes’ 25 Worst-Paying Jobs. As I said when commenting on the top 25 jobs, the “mean” calculation is often meaningless as ... Continue reading this article…

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Components of Your FICO Credit Score

by Luke Landes

While the formula that Fair Isaac uses to determine your credit score is a closely-guarded secret, the company does provide an overview of what they use in the calculation. Looking at these components, it becomes pretty clear what the company looks for when providing the best scores, which will assist in qualifying the borrower for ... Continue reading this article…

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Personal Income Statement, May 2007 (Net Income: $8,173)

by Luke Landes

If you haven’t already, please read my May balance sheet for the first part of this story. After an April in which my expenses outweighed my income (thanks to gifts purchased and tax owed), I was back in the game in May and posted a net income above $8,173, although almost $3,000 is “realized gain” ... Continue reading this article…

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Personal Balance Sheet, May 2007 ($98,224, +8.65%)

by Luke Landes

Thanks to more cash on hand and some investment growth, in May I came precariously close to a personal milestone: a six-figure net worth. This may not be that significant to most people; in fact, I’m not quite sure there is any significance for me. The actual number isn’t as important as what I’m doing ... Continue reading this article…

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Should You Pay Your Mortgage With a Credit Card?

by Luke Landes

Whenever it has been allowed by my landlords, I’ve paid my rent with my credit card. For me, this type of arrangement makes sense. I have the money to pay the credit card bill right away, and I earn cash back for using my Citi Dividend Platinum Select. The cash back isn’t the only benefit. ... Continue reading this article…

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