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

March 2008

15 Families Hit Hard Recently: Time to Adjust Expectations?

by Luke Landes

CNN Money is featuring stories of 15 households that are facing dire financial straits thanks to the economic downturn. Even a rebate check this summer won’t go far to help these families. While some better decisions may have helped them prepare for the direct effects of a recession, hindsight is always 20/20. Here are the […]

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Study: Payday Loans Cause More Bankruptcies

by Luke Landes

A new study by researchers at Vanderbilt University Law School and University of Oxford reveals a strong correlation between approvals for payday loans and bankruptcy filings. Considering that people who are rejected for payday loans have other (limited) options for credit, it’s surprising that the rate of bankruptcy isn’t as high with this group. It’s […]

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Cost-Cutting Consumers Trade Down from Steak to Chicken

by Sasha

RIS News, a retail technology publication, announced some interesting findings recently related to consumer shopping behavior. According to Deborah Weinswig of Citi Investment Research, the recession is creating more bargain hunters and transforming our shopping style in four key ways: 1. “Trading Down” to Private Label There’s a cost benefit to going generic, and store […]

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Economic Stimulus Rebate Schedule: When You’ll Receive Your Rebate

by Luke Landes

The IRS has posted a schedule indicating when tax payers, if eligible, will receive their tax payments. Keep in mind that these are estimates and the IRS could very well not meet this schedule. The schedule is based on the final two digits of your Social Security number. If you file jointly, use the last […]

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8 Benefits to a Recession or Down Market

by Luke Landes

Will politicians say the word recession? Not if they’re serious about helping their party get elected. Yet, it feels like we are in a recession — or at least, that’s what the media wants us to believe. The stock market, measured by the indexes, is certainly in a downward trend, but I suppose I agree […]

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Bonus Points and Miles Offers on CitiBank Credit Cards

by Luke Landes

Editor’s Note: Thank you for your interest, this offer has expired and is no longer available. If you’re looking for bonus points or miles with your credit cards (and I would only suggest doing so if you pay your credit card balances in full every month and if you travel frequently), CitiBank is launching several […]

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Get Ready to Pay More to Fly

by Luke Landes

As gas prices approach $4.00 nationally this summer, airlines are looking for ways to keep their profit margins without increasing ticket prices. Even though the average today is still “only” $3.20, some airlines have begun to make some changes. Carriers have been scrambling for ways to “up-sell” fliers, including selling first-class upgrades, fancy alcoholic drinks […]

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Deadly Sins, Getting a Raise, and Reducing Grocery Bills

by Luke Landes

Here are some recent articles from around the web. Five Cent Nickel has the seven deadly sins that lead to debt. I would say it’s possible to fall into deep debt even without “sinning.” Even the best and most reasonable emergency fund can be insufficient to take care of a major medical expense. A guest […]

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It’s Official: New Job With a Raise and Promotion

by Luke Landes

Earlier this year, a new position opened up in my department when a co-worker left for a better job within the company. The open position is similar to my current one, with some added responsibilities, a higher “salary grade,” and the same reporting lines. I decided to put my hat in the ring for the […]

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W-4 and Your Working Spouse

by Smithee

It’s possible that this advice might be considered common knowledge, but I just learned it at age 32, so feel free to forward it to your friends who recently became part of a working couple. The first time I saw a W-4 form at age 16, I had to take it home and ask my […]

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