No Credit Needed is warning readers of the laundry detergent cap. I always use very little laundry detergent, even with full loads. Considering how much water is pumped into the washing machine, a half of a cup of detergent won’t make much of a difference. All it takes is a very little amount to clean clothing.
Ever wonder what a loan with 171.54% looks like? AllFinancialMatters runs the numbers. A loan for $1,250, paid biweekly over 3 years, will require a total additional payment of $2,050 in interest. I think I’ll pass.
Frugal Trader has compiled a list of 30 personal finance rules of thumb. These are 30 common axioms that with varying levels of usefulness or accuracy. Frugal Trader added some commentary to each “rule.” I’m not a big fan of rule of thumbs as they require the assumption that everyone is the same and everyone is average.