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Saving

Affluent Shop at Discount Stores

by Luke Landes

According to a new survey commissioned by Visa, high income earners, those with a household income of more than $125,000, are more likely to clip coupons and shop at discount stores than the general population. Also, ninety percent of those households think of themselves as middle-class or upper-middle-class rather than affluent. If being in the ... Continue reading this article…

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Spending Wisely

by Luke Landes

CNN profiled Holly Ordway, creator of SpendingWisely.com. Basically, she saves as much money as possible without a strict budget. She and her husband manage to live on only $30,000 of their six-figure household income. It’s easy for people with a high income to tell others how simple it is to save money and spend wisely. ... Continue reading this article…

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It Helps to Call

by Luke Landes

I noticed today that the bank where I hold my checking and one savings account, Wachovia, charged me a service fee of $15. Regular readers may remember that the discount brokerage department of the same corporation charged me a yearly fee last November, but this time the situation was different. According to their rules, I ... Continue reading this article…

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Financial Disasters

by Luke Landes

Gerri Willis at CNN Money gives us five tips for handling financial emergencies. Create a safety net. This requires thinking ahead. Everyone will have at least one kind of financial emergency in their lifetime. The author suggests having three to nine months’ worth of living expenses in an accssible account. Break into the piggy bank. ... Continue reading this article…

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Super Saver

by Luke Landes

This is what I should be thinking about for 2005. The article paints a picture of Rick Kuhlman who has found some ways to save that I think could apply to me. He replaced all the lightbulbs in his house with energy-efficient ones. At first I thought that it would be better to wait for ... Continue reading this article…

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ING Direct Not Keeping Pace

by Luke Landes

Sorry for not writing much lately, I’ve been a little under the weather. The savings interest rate at ING Direct has not moved up since December 28. Since then, others like Emigrant Direct (at 3 percent APY) and VirtualBank at 2.6 percent APY (for the first $10,000). I’m sure ING Direct has noticed the competition and will ... Continue reading this article…

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Delayed Deposits Cost Account Holders

by Luke Landes

Jonathan Burton of CBS MarketWatch has pointed out that millions of dollars are lost by employees when their employer holds onto 401(k) funds after they are deducted from the paycheck. It works like this. On Friday, January 1, you receive your paycheck. 12 percent of your paycheck has been deducted before taxes and put aside. According ... Continue reading this article…

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Living Frugally

by Luke Landes

CNN Money rounded up three experts in frugal living and collected some tips for cutting back basic living expenses. Some sites to peruse: Frugal Fun, Servas for traveling, About.com’s frugal living section, and the Cheapskate Monthly. I should start doing some things to cut away at my expenses this year.

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A Better ING Direct Deal

by Luke Landes

I didn’t realize this deal at ING Direct was still active. I was looking through my archives and I found my post from September 9, 2003. In that post, I included a link to a better ING Direct offer than the one you find all over the internet (especially blogs) where the originator gets $10 ... Continue reading this article…

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Stop (Hey) What’s That Sound?

by Luke Landes

Listen. Can you hear it? It’s the sound of money disappearing from my savings. It’s been going on for many months now. I haven’t been able to save as much as I used to, and I’ve had to dip into my savings more often than I have wanted. I think the reason for this is ... Continue reading this article…

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ING Moves Up Again

by Luke Landes

ING Direct has increased the interest paid to its savings account customers to 2.35 percent. If you’re not keeping your emergency fund, or any money you’re not investing/gambling with here, you should think about opening an account. If you do want to open an account, I can offer you $25 for doing so through a referral ... Continue reading this article…

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‘Tis The Season For Giving

by Luke Landes

An article on CNN Money gives readers tips on charitable giving: * Give With Confidence (research the organization you choose to determine its legitimacy) * Wide Up Over the Phone (don’t be taken in by scammers) * Beware of Mail Tactics (don’t be taken in by scammers—again) * Be In It for the Long Run ... Continue reading this article…

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ING Direct Moves Up

by Luke Landes

Month after month, I’ve been incredibly happy with ING Direct for my savings accounts. I just noticed that their interest APY has gone up to 2.25 percent. I haven’t found anything higher for savings account. Email me for a referral and you’ll get $25 to open your account and I’ll get a $10 bonus.

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Travel Savings

by Luke Landes

Liz Pulliam Weston explains through an article on MSN Money how travelers can save money. She suggests, for frequent travelers, to build loyalty to a specific airline with good benefits rather than always shop for the lowest price. I only fly about three or four times a year at the most, so I can’t say ... Continue reading this article…

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It Never Hurts to Ask

by Luke Landes

Or more accurately, it never hurts to call and threaten cancellation of a service. I called my cable television company today to get rid of HBO, since I never watch it. I only had it because at one point, it was cheaper for me to have it than not to have it*. That promotion ended, ... Continue reading this article…

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Extreme Money Ultimate Kung-Fu Challenge

by Luke Landes

Jeanne Sahadi takes the simple question, “How do you define ‘living within your means?’” and turns it into some kind of poorly-dubbed martial arts movie or strange game show (if you judge by the title of the article). Nevertheless, I agree her with her analysis of the above phrase: Ideally, I’d define living within your ... Continue reading this article…

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Short-Term Savings

by Luke Landes

The Motley Fool on the importance of short-term savings. Having an easily accessible cash stash can prove to be one of the most important parts of your saving and investing strategy. Maintaining the liquidity of the equivalent of six-to-twelve months of your expenses means that if you run into an emergency, you don’t have to ... Continue reading this article…

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Afraid of Appearing Cheap

by Luke Landes

There’s a nice response on Gothamist to a reader who writes in to ask: Sometimes I get invited to events that are out of my price range, like dinners at expensive restaurants… I want to hang out with my friends without seeming like a cheapskate. What should I do? The Gothamist suggests planning the outing ... Continue reading this article…

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Hooray for Junk Mail

by Luke Landes

It’s not technically spam in this case. I signed up for an ING Direct savings account a while ago, and my regular readers have probably seen many entries on Consumerism Commentary about how happy I am with this bank. In fact, at the moment they offer 2.2 percent APY on their savings account which is quite ... Continue reading this article…

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Live Well But Spend Less

by Luke Landes

Donna Dratch reminds us to pay more attention to the way we spend and save. More importantly, the author reminds me to start getting back on track. It’s been a crazy summer of dating, going to shows, and just spending more money than I should have. I even “upped” the available minutes on my cell ... Continue reading this article…

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