photo credit: Logan Antill

You’ve seen the commercials and can probably sing along to the catchy theme songs - free credit reports are widely available, and everyone seems to want to get your yours. But buyer beware, many of the free credit report websites and companies actually charge for their services, merely luring you in with one, free credit report.
To sign up for many of these sites, you’ll need to provide your credit card. Read the fine print, because in most cases, your credit card will be charged for monthly site subscription fees, which will generally monitor your credit report and let you know of any activity.
(more…)

photo credit: WTL photos

Frequent Flier Miles have always been the airline’s gift to its most frequent customers, and a great way to earn a free trip. Now, though, frequent flier miles seem to be losing their value, as high oil prices, airline bankrupcies, and economy problems rock the market. Today, fliers need to ask themselves, “Should I cash in my frequent flier miles?”
(more…)

photo credit: Unhindered by Talent

So you’ve set yourself some financial goals, and one of them is to start on your journey towards financial freedom. This can seem daunting at times, but don’t despair, if you take the journey step-by-step, you’ll find that your dedication, frugal attitudes, and time is all you need to start on your road to wealth.
(more…)

photo credit: Atwater Village Newbie

It’s good news if you’re selling, bad news if you’re buying: America is home to some seriously overpriced real estate. These neighborhoods, generally in ritzy areas of the country’s most sought-after cities, seem to defy the real estate market’s growing problems, increasing in value with no end in sight.

(more…)

photo credit: orphanjones

The average American receives credit offers monthly, and you’re likely no exception. But choosing your next credit card is not a decision to be taken lightly, especially with lots hidden charges and fees hiding among those offers. So review this list to determine if a credit card offer is a rip-off:

• A low APR: The typical APR — annual percentage rate — is 11.32%. If you have a credit score of 720 or higher, you deserve an APR of under 10%. If cards offer you higher rates, throw the offer away: it’s a rip-off.
• Annual Fees: You shouldn’t have to pay for using a credit card — that’s what interest is for — so unless you’re opening an airline or cashback card, say no to annual fees.
• Check out penalties: Interest rates can shoot through the roof if you go over your limit (30% or higher), so double and triple-check what a card’s penalty will be. You’ll find the penalty rate in the Schumer Box.
• High loan rates: A good credit card will offer you an average of 21.65% interest on a cash advance, plus a 2-4% fee. This already feels like robbery, so if a card charges more, run for the hills.
• Shady finance charges: FInance charges should be based on your average daily rate or average daily balance.

photo credit: jswieringa

Americans are notorious for their conspicuous consumption, living beyond their means by mortgaging many unaffordable purchases on credit cards. The debt problem has gotten so bad that credit card companies feel guilty, offering debt-managment websites and tools.

(more…)

photo credit: dcJohnSaving money on school supplies is a must for many families, but easy for very few. Don’t despair, though, savings are much easier than you think; just follow these easy tips for back-to-school supplies savings:

• Start at home: Dig through your closets and supply drawers for reusable and nearly-new items. Company logos are easily covered-up with fancy stickers, and backpacks can easily be used year after year.
• Patronize your neighborhood dollar store: You may not shop here often, but now is certainly the time to do so: many of your kid’s basic school supplies can be found at rock-bottom prices.
• Set a budget for back-to-school clothes: It’s not likely that your kids have grown out of every, single shirt, short and pant, despite their claims. Lay the ground rules for the clothing trip before stepping out of the house, and stick to it. Buy as many neutral pieces as possible to maximize wear and use.
• Easy on the tech: It’s always tempting to buy the latest computer or calculator, but think before you leap. If you really need such an item, you’ll get amazing deals on eBay, Craigslist, and even in your local classifieds.
• Practice prudent backpack shopping: Kids shouldn’t carry more than 20% of their weight, so if your child has the tendency to shove every school book, binder, and supply into his backpack, buy a smaller backpack.

For the complete list, check out MSNBC’s back-to-school savings tips.

photo credit: AdrianDC

America’s struggling economy has led to layoffs and less hires, causing the nation’s unemployment rate to soar to its highest rate in four years. In fact, in the first seven months of 2008, more than 463,000 Americans have lost their jobs. Many are unable to find adequate replacements.

(more…)

photo credit: SqueakyMarmot

The economy has slowed to a crawl, which means less buying power for the average American. But when you do decide to buy, there’s good news: you now have leverage. Vendors are eager to sell their services, from mortgages to gym memberships, and that means that they’re willing to negotiate with you.

(more…)

photo credit: Cia de Foto

A slowing economy can have a big effect on fun spending, like vacations or wardrobe upgrades. Thankfully, there are ways to save money on luxury items and one-time necessary purchases, helping you buy more with less. And if you find yourself in need of furnishing an empty room, follow MSNBC’s 10 Tips for Furniture Shopping on the Cheap:

• Use the Internet: Compare prices online, find out what you like, and know what you’re looking for, all before stepping foot in your first of many 20,000-square foot furniture stores.
• Consider used: Used furniture is a bargain, and you can find lots of items in fantastic condition. So before you decide to buy all new, check out what’s available in your local classifieds.
• Inspect things in person: It’s tempting to buy everything online, but a photo won’t tell you how soft a couch is, how sturdy a bed frame will be, or if upholstery will match your current color scheme.
• Visit area warehouses: Sam’s Club and BJ’s are great for big purchases, and often have great deals on living room sets and dining room tables, helping you save hundreds.
• Read the paper: Your weekend paper is probably full of circulars, many of which will highlight great furniture deals. Don’t be afraid to take flyers with you, and ask for price matching.