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Profit From the Obama Economy. Invest in biotech, green energy, infrastructure, advanced manufacturing, and information technology. These sectors of the economy are expected to grow during Obama’s presidency.

A New Way to Transfer Cash. New technology lets customers use ATMs to transfer cash from one person to another. You will be able to register your cell phone use text messages to receive passwords that allow you to retrieve money. No bank accounts are necessary. One person deposits cash into an ATM, sends the money using the controls, and the receiver accesses another ATM to withdraw the money. I would hate to see the fees.

Citi to Modify $20 Billion in Home Loans. If the press release reflects the action Citi takes, 500,000 Citi mortgage customers will be able to lower their payments to just a percentage of the interest due each month for a total payment of 40% or less of their income.

Announcing the Save $1,000 in 30 Days Challenge. Each day this month, I Will Teach You to be Rich is presenting one tip to help readers save money now. Ramit is guaranteeing that he will not include “stupid frugality tips.” One such tip that passed the test is to involve your friends with your savings goals.

What Circuit City Customers Need to Know. With the announcement that Circuit City is declaring bankruptcy, customers and investors are concerned. They are honoring gift cards, but you should use these as soon as possible. Warranties will be serviced by third parties (as they would have been otherwise).

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Consumerism Commentary was mentioned on CNN Money, along with Get Rich Slowly, as one of the best blogs for improving your financial picture. To those of you visiting from article or possible the print magainze, welcome! Consider subscribing to the RSS feed for updates or starting with some of these articles and pages:

There are many more articles from the past 4 years, viewable by browsing the categories or data-based archives at the top of the page. If you have suggestions, they can be emailed to tips at this domain name.

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Here are some more articles from Octobers past at Consumerism Commentary. Articles here have changed over the past few years, so you may notice some stylistic differences as you go back in time. Here are some selections from the second half of October, 2006:

* The Virtual Reality Economy of Second Life
* Wall Street Salaries are Through the Roof
* Companies Dropping Funds From 401(k)ss and What Mine Offers
* Student Loans Consolidated, Finally
* I Am Apparently Not on the Path to a Comfortable Retirement
* Circuit City Wouldn’t Allow Me to Buy the Computer I Wanted
* I Can’t Find an Inexpensive Flight
* Focusing on More Than One Interest Improves Your Brain
* If You Like Calculators, You’ll Love This
* Credit Cards at Fault? A Compelling Argument
* My Lender Wants Me to Pay $10,000 Extra

Here are some from the second half of October 2005:

* Saving With Low Income
* Balance Transfer Not Accepted
* Your New York Number
* Commissions Still High
* Started Saving $70/mo Today

Going back in time, these are from October 2004: Read the full article →

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Dell Inspiron E1705I’ve finally pulled the trigger. If you’ve been following along, I’ve been looking for a new computer since August, to replace a five-year-old Fujitsu laptop that has seen better days. I had a tough time with Circuit City a few months ago, so I continued looking.

With the help of a former co-worker, we decided on a Dell Inspiron. He used to be a big fan of IBM ThinkPads, but in his expert opinion, the ThinkPads now made by Lenovo don’t have the same high quality parts as they once had. Conversely, Dell’s parts have improved.

I had to forego the numeric keypad. If it really bugs me, I’ll get an external one, but I think I’ll be fine. Here are the specs: (Warning, geekiness follows.) Read the full article →

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Once Again: Credit Cards at Fault? A Compelling Argument

by Flexo

Through some discussion about placing blame for poor money management, we managed to gather several differing opinions about the source of the problem. Kids with no skills and parents who don’t teach seemed to be the biggest culprits, followed by schools without money management classes (which, when attempted, do more harm than good), and finally ... Continue reading this article…

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Money Magazine: 25 Rules to Grow Rich By, Part 5

by Flexo

We’ve finally come to the last installment of Money Magazine’s 25 Rules to Grow Rich By, which has a catchy title, but is more or less just a list of “rules of thumb” that may or may not be applicable to any one individual. And let’s face it, you are all individuals. (Yes, we are ... Continue reading this article…

6 comments Read the full article →