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News and Blogs: Tuesday, November 18, 2008

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I’ve added more $25 bonus codes for new ING Direct customers last night. If you have at least $250 to deposit into a high-yield savings account, use one of these codes to receive a small boost.

You’d Better Watch Out: Gift Cards Can Be Lumps of Coal. If you are considering getting someone a gift card this year, opt for cash instead. Businesses that declare bankruptcy — and there may be more to come — will probably not honor the cards. If you receive a gift card, use it as soon as possibe. Not only will that help the economy, but you may lose it if you wait too long. Many gift cards lose value over time now, even if the issuing company stays in business.

Seized Tanker Anchors Off Somalia. Somalian pirates siezed an oil tanker from Saudi Arabia, one of the largest man-made objects in the world. The tanker carries one quarter of Saudi Arabia’s daily oil output, two million barrels, and is thought to be headed towards the United States. The hijackers will most likely be asking for the highest ransom ever paid to free the oil and the crew. The biggest concern is obviously the lives of the hostages, but will this have an effect on the price of a gallon of gas here?

Things it’s Cheaper to Do Yourself. Hiring out certain tasks has an appeal because it frees your time (in exchange for money) so you can spend that time on more more important, and possibly income-generating, tasks. But there are some fairly simple activities that would save you enough money if you do them yourself.

No Debt Plan. This is a series, currently on Part Nine, that helps you set up a budget, get out of debt, and build wealth.

Best Year-End Move for Salaried Taxpayers. Maximize contribution to tax-deferred retirement plans. Last month, I increased my 401(k) contribution to 50% of my salary, split evenly between a before-tax contribution (matched up to 4%) and an after-tax Roth 401(k) contribution. Even doing so, I will not hit the $15,500 ceiling because I started the year too low.

Tip’d is a social media website that lets you share and comment on finance-related current events, and today is its official launch date. I mentioned Tip’d last month when it was first announced to early adopters. At the end of every article on Consumerism Commentary, I have included a link labeled “Add to Tip’d.” With this, you can share stories from Consumerism Commentary with another audience. Connect with me on Tip’d.

For the “News and Blogs” features, which I plan to run almost daily as long as I have additional articles to share, I select some of the most interesting posts from my RSS reader and from pfblogs.org. If you don’t believe you blog is included on my RSS reader, please let me know to so I can add it. Thanks!

Updated February 6, 2012 and originally published November 18, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar Mike

Hey Flexo! Can you add my new website to your RSS reader? I will also be writing some articles for the blog section of a finance magazine, which I will send you at a later date. Thanks! Love your work!

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avatar Luke Landes ♦127,435 (Platinum)

Mike: Added — and thanks!

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avatar MFK

Hi Flexo, would you add my blog to your RSS reader as well? I write about career development in the model of the personal finance blogs: sharing my successes & failures, offering my strategies & tactics and crowdsourcing solutions when I can. Of course the other overlap to personal finance is the theory that one’s career is one of the best ongoing personal finance investments one can make. I’m a big fan of Consumerism Commentary and it would be an honor to be in your RSS reader! :)

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