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

October 2009

Investor Psychology: Why We Fail to Make Good Financial Decisions

by Luke Landes

Investors make better decisions when they separate emotions from the thought process, but it’s practically impossible to achieve the goal in perfection. Regardless of how hard one tries, emotions will always be present. The best an investor, or anyone who makes decisions about finances, can achieve is awareness of the ways psychology prevents optimal decision […]

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Senator Dodd Going Ahead With Overdraft Legislation

by Smithee

We told you last month about banks deciding to let customers opt out of overdraft fees, first announced by Bank of America and JP Morgan Chase, and then the next day by Wells Fargo (and Wachovia, which it owns). These big banks made the changes very soon after lawmakers announced an intention to try to […]

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New Graduates Facing Unemployment May Never Reach Income Potential

by Luke Landes

The unemployment rate for young workers between the ages of 16 and 23 is 18 percent, and that is an increase of five points from a year ago. That age group includes high school drop-outs as well as college graduates, and for these people the future looks bleak. Adults are taking the minimum-wage jobs teenagers might […]

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Podcast 26: Mark Frauenfelder, Creator of Boing Boing

by Luke Landes

Tom Dziubek and Flexo speak with Mark Frauenfelder, the creator of Boing Boing and the editor-in-chief of the MAKE magazine. Frauenfelder also writes for Credit.com, and within this interview he shares details about some of this website’s new services including the Credit Report Card (reviewed here). Frauenfelder is a proponent of the do-it-yourself (DIY) lifestyle, […]

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How to Create Your Own Extended Warranty

by Luke Landes

In my article the other day about the deal I got on a new computer despite my immediate need, I neglected to mention something important: I refused the extended warranty that the salesperson offered numerous times. Any extended warranty is almost always a bad deal. When I was a teenager, I had a short-lived job […]

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Bank of America Adding Annual Fees to Credit Cards

by Luke Landes

With the current and upcoming changes in the credit card industry due to the Credit CARD Act and other regulations put in place by the Federal Reserve, banks and credit issuers are maneuvering as much as possible to be in a good position to continue making money off their customers. Public corporations have responsibility to […]

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Ten Things to Do With $1,000 Right Now

by Luke Landes

Mention to your friend that you suddenly received an unexpected $1,000 and I would be willing to bet he could come up with several suggestions for you. Most of those suggestions will likely involve handing the money over to him. My first suggestion is to refrain from telling your friend when you have $1,000 more […]

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Always Try Bargaining: Here’s How it Worked for Me

by Luke Landes

Tom Dziubek, the producer of the Consumerism Commentary Podcast, and I have been having some difficulties with the Acer Aspire desktop I purchased earlier this year. I believe the problem can be fixed, but it will take some time. The problems have unfortunately affected our recording and interview schedule, so when an interview on Friday […]

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Podcast 25: Sandra Hanna, Smart Cookies and Neal Frankle, Wealth Pilgrim

by Luke Landes

Today’s podcast features Sandra Hanna, the “savvy spender” among the Smart Cookies. Smart Cookies is a television program on the W Network. Sandra is one of five hosts on the show. Each with their own specialty offers financial makeovers. The Smart Cookies have also written a book, The Smart Cookies’ Guide to Making More Dough […]

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TV Ad Volume May Finally Be Moderated

by Smithee

This is something I’ve wanted to see happen for my entire life. I never thought it would, and I’m only mildly political so I never pushed for it, but we may see a new law that says a TV commercial can’t be “louder than the program it accompanies”, nor can it be “excessively noisy or […]

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