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While it's technically illegal to inflate the original price, state laws allow for lots of wiggle room.

By Karen Datko Dec 6, 2010 1:20PM

This Deal of the Day comes from Kelli B. Grant at partner site SmartMoney.

 

Ads that tout deep discounts -- 50%, 60%, even 70% off -- have become the norm these days. But some of the companies behind those bold promotions may be doing more than luring bargain hunters: They might be breaking the law.

 

Several California district attorneys filed a civil lawsuit against Overstock.com last month, claiming that the site deliberately misleads customers about the depth of its discounts. In particular, the lawsuit alleges that the company inflates its reference prices -- the "compare at" or list price that's supposed to tell a shopper how much he or she is saving. The result, they claim, is that consumers may not check for lower prices elsewhere.

Among their examples: a patio set with an alleged reference price of $999, sold for $450, and arrived with a $247 Wal-Mart price tag.

 

Take a look at spending habits before crying 'poor me.'

By Donna_Freedman Dec 6, 2010 11:37AM

When I read Laura Rowley's excellent column, "Why the rich don't feel rich" -- in which she wrote about a University of Chicago law professor's struggle to survive on a combined family income of more than $250,000 -- I thought the column was a stark contrast to something that happened while I was in New Jersey to visit a terminally ill relative.

I frequently stopped by to see another relative, my Aunt Dot, who's 87 and very frail due to several medical issues. She and her son live on Social Security and disability plus her small pension. One evening I discovered that they had exactly one dollar in the house. Her check was due the next day and she planned to walk to the bank to cash it.


The bank is at least a mile from where Dot lives. And did I mention that she's on oxygen?

 

Wine brings people together. And it does that just as well at $8 a bottle as at $80 a bottle.

By Karen Datko Dec 6, 2010 9:03AM

This post comes from J.D. Roth at partner blog Get Rich Slowly.

 

The holiday season is upon us, the time of year for family, friends, food -- and wine. Yes, it's true. I associate the holidays with alcohol. It never used to be this way (probably because I didn't drink), but for the past five years, I've spent late November stocking our wine rack.

 

There are several reasons for this:

 

BBC video shows how a fake Wi-Fi network can intercept your smart phone's data and expose you to identity theft.

By Karen Datko Dec 3, 2010 6:18PM

As if you didn't have enough to worry about, two British chaps have demonstrated how a phony Wi-Fi hotspot can intercept data from your smart phone. It's the strangest thing we've seen since Firesheep was declared the "threat of the month."

In a BBC video, Tom Beale of security firm Vigilante Bespoke gathered sensitive information from the iPhone 4 of BBC tech writer Rory Cellan-Jones as the smart phone accessed the Web via a fake Wi-Fi network Vigilante had set up. Then Cellan-Jones logged on to Facebook and it went downhill from there.

 

Smart people of modest means understand that saving money takes time -- sometimes lots of it.

By Karen Datko Dec 3, 2010 2:41PM

This guest post comes from Len Penzo at Len Penzo dot Com.

 

If you'll indulge me today for just a second, I'm going to offer up a little debt management counseling. Although I haven't conducted a scientific study, I suspect that most people of modest means who are most successful in managing their personal finances understand the importance of being patient.

 

I've said it before and I'll say it again: People who are debt-free didn't get there because they are impulsive shoppers or always looking for instant gratification. If the money for something isn't in the budget, then they save their money and wait.

When I look back at my own personal situation, patience has played a ginormous role in allowing me to build a healthy nest egg while keeping my debt limited to nothing more than a very manageable $600 monthly mortgage payment.

 

An unexpected milestone

I was reminded of this again last week after the Honeybee and I bought beautiful new end and coffee tables to cap off our recent remodeling project.

 

Free music, BOGO coffee and free restaurant gift certificates for friends are among the holiday offerings.

By Teresa Mears Dec 3, 2010 1:50PM

What's better than a deal? Days of deals.

 

Starbucks is celebrating 12 Days of Sharing by offering a new deal every day through Dec. 12.  To get the deal alerts, text 12DAYS to 29943. You can also see the deals online. Today's deal is a BOGO: Buy one 12-pack of Via instant coffee and get one free.

 

Amazon also has a gift for you: 25 days of free Christmas music. You can download a new song every day, and it looks as if you can go back and get the songs you missed throughout the month.

 

You can also get deals during the 12 Days of Whataburger, as well as free Christmas music from Target and People magazine, which we wrote about previously.

 

Shopping for that special someone, girls? Everybody is different, but here are some things you might want to add to your no-buy list.

By Stacy Johnson Dec 3, 2010 12:50PM

This post comes from Stacy Johnson at partner site Money Talks News.

 

It seems to me that, by and large, men are much easier to buy gifts for than women. Although I'm a man, and therefore biased, I think I have a strong case: In general, women want gifts that represent feelings and emotions, which for men tends to result in a lot of head-scratching and trips to the jewelry store.

Men, on the other hand, just want to have fun.

 

Homelessness among children appears to be rising, yet little is known about it.

By Karen Datko Dec 3, 2010 11:11AM

This post comes from Marilyn Lewis of MSN Money.

 

One of the odder aspects of the foreclosure crisis is how much the media coverage focuses on the financial fiasco and how relatively little you hear about the actual families who're thrown out of their homes. You don't see congressional committees, for example, asking for testimony from ordinary people.

Yes, there have been stories in The New York Times, here and here, at CBS News and AlterNet, among others. But with 11 million foreclosures possible, you'd think the media would cover this like a war.

 

"This foreclosure crisis is the largest forced relocation event we've had in this country since the Great Depression," one expert told The Washington Post recently.

 

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