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Consumer

Gas Prices: Are You Ready for $5.00 per Gallon at the Pump?

by Luke Landes
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One of the benefits of no longer having a daily commute is I’ll be spending much less for fuel in my car. When I traveled to an office five days a week, and even when my travel schedule was changed to four days a week to allow one day for remote access, I filled up ... Continue reading this article…

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Don’t Get Ripped Off By Auto Mechanics

by Luke Landes

Mechanics are salespeople, and like brokers they often have more knowledge about their products and services than the average consumer. Therefore, they are viewed as professionals and without taking the time to learn about cars, customers have no choice but to trust their recommendations are in the customers’ best interest. Unfortunately, that isn’t always the ... Continue reading this article…

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Best Buy Eliminates Some Restocking Fees

by Luke Landes

On the heels of a lackluster sales report during the holiday season, Best Buy has decided to eliminate restocking fees. Until recently, Best Buy charged customers 15 percent of the purchase price to restock an opened item. These returned electronics, if sold, usually feature a sales price of 10 percent off the regular price. It may be ... Continue reading this article…

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Cyber Monday and Black Friday

by Luke Landes

As I mentioned a few days ago, Consumerism Commentary is matching your charitable contributions. Please take this opportunity to give to your favorite charity. Here’s how to make your charity count twice. The four-day weekend has seen consumers spend $45 billion, up from $41.2 billion last year. I contributed to this figure slightly, buying three ... Continue reading this article…

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Consumer Financial Protection Bureau Takes Shape

by Luke Landes

In July, the federal government passed a sweeping new law to reform the financial industry. One of the biggest and most hotly contested aspect of this new law is the establishment of the Consumer Financial Protection Bureau. President Obama has tapped Elizabeth Warren to oversee the development of this new agency. The new director won’t ... Continue reading this article…

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Is Annie Leibovitz a Failure?

by Luke Landes

Annie Leibovitz is one of today’s most famous photographers. You may have seen her name in the news recently for her financial problems rather than for her art. Although reports of her annual income included numbers north of $3,000,000, she was saddled with multi-million-dollar debt and exposed to legal problems. The photographer is mainly known ... Continue reading this article…

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Black Friday Onslaught: Truly Frugal Holidays

by Luke Landes

With the first cold weekend after the summer, I can tell just by looking around that people everywhere have begun thinking about the holiday season. I’m not talking about Veterans’ Day or Thanksgiving; Christmas is the day on people’s minds as they erect their gaudy displays. The advertisements are not yet full-force on television, but ... Continue reading this article…

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Amway Class Action Lawsuit Settlement

by Luke Landes

I have a business opportunity for you. For the most part, you’ll be a salesman. You’ll sell overpriced, mediocre products to your friends and co-workers, people already in your trust network, with whom you can use their guilt and their desire to maintain happy relationships. The truth is the products don’t matter. It can be ... Continue reading this article…

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When Settling Costs You More

by Stella Louise

This is a guest article by Stella Louise, editor of Blog & Save from Savings.com. I was my neighborhood T.J. Maxx recently debating between two pairs of boots: Both were low heel, knee-high black boots, but one was a more trendy version with black stretch panel inserts by a reputable brand name, while the other ... Continue reading this article…

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Your Opinion: Will You Buy GM Stock or Cars?

by Luke Landes

In April, I noted that General Motors repaid taxpayers for the company’s government-initiated bailout loans in full. There has been quite a discussion about this repayment, but the main points are that the loans accounted only for a small portion of the bailout, and one could consider that the loan repayment was possible only due ... Continue reading this article…

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Honda and Toyota Recalling 1,200,000 Vehicles

by Luke Landes

Honda just announced a major car recall due to faulty brake systems. The company is concerned that owners using brands of brake fluid other than Honda’s own may experience problems resulting in a fluid leak, degrading the brake system’s performance. This affects 470,000 Odysseys and Acura RLs, made from 2005 to 2007. A few days ... Continue reading this article…

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Today’s Top Three Consumer Mistakes

by Kimberly Palmer

This is a guest article by Kimberly Palmer. Kimberly Palmer is the author of Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, which was published by Ten Speed Press this week. The following post has been adapted from the book. I’ll admit it: I was recently suckered into spending more than ... Continue reading this article…

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Consumer Question: 10 Items for $10

by Luke Landes

Here’s one of the reasons I don’t enjoy shopping for groceries. Items are priced in such a way it can be difficult to compare. Without keeping a price diary, it can be difficult to tell when a sale price is good. It’s a lot of work to shop right. Personally, I no longer sweat the ... Continue reading this article…

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An Oil Change Every 3,000 Miles is a Waste of Money

by Luke Landes

When I graduated college, my father surprised me with a car: a very used 1987 Toyota Celica. I didn’t know much about owning a car at the time, and the Celica required quite a bit of car. For example, it required not only replacing engine oil occasionally, it required filling engine oil from time to ... Continue reading this article…

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BP Lowers the Price of Gasoline for Some

by Luke Landes

BP, whom we all know as the featured star in the Gulf of Mexico oil spill, has understandably seen a decline in retail sales of gasoline. While retaliation by boycotting BP-branded has stations originally seemed to be more symbolic than effectual, apparently enough people are avoiding the brand to bother local station owners. In an ... Continue reading this article…

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Amazon Kindle, Chapter Three

by Smithee

Amazon’s 3rd-generation Kindle e-reader, set to be released on August 27th, had me worried for a little while. My gadget-y friends and I often wonder aloud about upcoming features and technology advances, and many of them assumed Amazon would try to make it more like an iPad. As a happy owner of a 2nd-generation Kindle, ... Continue reading this article…

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Which Wine Do I Want to Buy?

by Smithee

I enjoy a good glass of wine, but I don’t know how to find one. I haven’t been buying wine long enough to have memorized a group of “go to” bottles. I probably made the mistake of buying Bolla Pinot Noir three times before I finally learned that I don’t like it. Between my unreliable ... Continue reading this article…

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The New Financial Regulation Law and Your Money

by Smithee

Flexo posted a good review of the major changes in the Wall Street Reform bill that passed through Congress yesterday, and mentioned that it will be some time before we know exactly how the regulations which are now possible will be written. But there are some reasonable guesses we can make, and I thought it ... Continue reading this article…

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YouTube Leanback: Another Option for Free TV

by Smithee

This week YouTube released a beta of an interface called Leanback, open for anyone to try right now. It starts out full-screen and immediately starts playing videos it thinks would interest you based on your YouTube contacts’ activities like rating and choosing favorites. I presume it will also, if it doesn’t already, suggest videos based ... Continue reading this article…

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Sales Tax Holidays, 2010

by Luke Landes

This year, many states throughout the nation will offer a sales tax holiday, a period of time during which merchants will not charge customers sales tax. For a few days each year, you can buy certain items without paying the state sales tax. This is a great way to find the purchases you would buy ... Continue reading this article…

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