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Among the products where you're better off with generic: baby formula, bleach and gasoline.

By Karen Datko Oct 13, 2010 1:14PM

This guest post comes from Kate Forgach at the Go Frugal Blog.

 

Where do you stand in the generic vs. name-brand products debate? Do you proudly flaunt your thrifty buys or stealthily slip your generic purchases under oversized toilet paper packages?

Is your selection a reflection of your personal tastes or simply a matter of money?

The main reason for buying generic products is simple enough: You're a thrifty consumer. But there's something to be said for turning your nose up at marketing manipulation by major manufacturers.

 

You can overcome the fear that you'll make a mistake that will cost thousands of dollars to fix.

By Karen Datko Oct 13, 2010 8:02AM

This post comes from Elizabeth Sanberg at partner blog Wise Bread.

 

Just over a year ago my spouse and I bought our first home -- a foreclosure. A lot of repairs needed to be made -- an asbestos abatement to remove the original 1925 "octopus" furnace, refinishing hardwood floors, fixing locks, replacing electric outlets, and painting.

We hired professionals for the major projects -- furnace replacement, plumbing updates, and hardwood floor refinishing. And the easiest issues we fixed ourselves.

 

But there were a lot of more difficult, but not impossible, projects that needed to be done.

 

Under a formula in place since the 1970s, Social Security recipients likely won't get an increase for the second straight year. Is that fair?

By Karen Datko Oct 12, 2010 7:48PM

For the second year in a row, it looks as if Social Security recipients won't get a cost-of-living raise next year.

 

"How can that be?" you're probably wondering. Answer: The cost of living hasn't gone up -- enough.

Whether seniors can expect an increase will be announced later this week, but numerous reports say the monthly benefits will remain where they are for 2011. The same occurred for 2010. (The Social Security trustees predicted this in 2009, so it should not be surprising.)

 

How can this be? A year without an increase, let alone two in a row, hasn't happened in at least 30 years.

 

McDonald's in Hong Kong responds to demand and will offer weddings, complete with balloon dresses and apple pie cakes.

By Teresa Mears Oct 12, 2010 5:00PM

Here's a frugal wedding reception idea we hadn't considered: Several McDonald's restaurants in Hong Kong will start offering wedding packages next year, providing a baked apple pie wedding cake, balloon dress, party favors and food for the equivalent of a few hundred dollars.

"It's unlikely that the couple will be able to book the entire restaurant for their wedding, but at that price, who cares if there are babies screaming in the booth next door?" CNN Go's Tiffany Lam wrote.

 

Retailers are rolling out discounts early. Let the holiday shopping season begin.

By Karen Datko Oct 12, 2010 4:08PM

This post comes from Melinda Fulmer of MSN Money.

 

Retail giant Wal-Mart has fired its first shot in the holiday toy wars, dropping prices on everything from a Nerf dart gun to a poochie potty-training Barbie.

With budgets tight, analysts expect many retailers to start cutting prices ahead of the usual Black Friday shopping kickoff, so families can spread out their holiday spending.

 

But, says Jim Silver, editor of TimetoPlayMag.com, they won't necessarily be slashing prices on all of the hottest toys.

 

Her great-grandfather may have founded the company, but she still can't get any help from AT&T's customer service. Sound familiar?

By Teresa Mears Oct 12, 2010 1:29PM

Updated 11:55 a.m. ET Oct 13.

 

Here's what customer service has come to: Even a descendent of Alexander Graham Bell can't get AT&T to fix her phone.

Helene Pancoast, a 72-year-old Miami artist who is a great-granddaughter of AT&T founder Alexander Graham Bell, lost her phone service three weeks ago. She has been stuck in bureaucratic limbo ever since.

 

UPDATE: After her story appeared in The Miami Herald and on MSN, Pancoast heard from AT&T, and her phone service was restored Wednesday morning. Since then, she has been receiving calls from friends she hadn't heard from in years.

 

People with a wedding or a baby on the way can profit handsomely when well-wishers buy gifts.

By Karen Datko Oct 12, 2010 12:35PM

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

 

Milestones such as getting married or having a baby aren't cheap. Of course, gifts help -- and more than ever, now that a growing number of retailers are offering registrants a kickback.

This month, Babies R Us became the latest to launch a registry rewards program, joining a number of retailers -- including Macy's, Bon-Ton, Target, and Bed Bath & Beyond -- that give a rebate or discount back to the registrants.

 

Scammers are using Facebook to target your friends and their money.

By Karen Datko Oct 12, 2010 11:04AM

This post comes from Jim Wang at partner blog Bargaineering.

 

As more and more people use Facebook and other social networks, the probability that someone you know will be ensnared by a phishing e-mail grows.

 

Phishing, as it applies in this case, is when someone tries to steal your login credentials by sending you an e-mail that looks like it's from the network itself. The e-mail will look as if it came from Facebook, but the links inside will go to another site that looks like Facebook, where you'll unwittingly log in and give up your credentials.

This scam works because while people are usually on guard when they get e-mails that appear to be from their bank -- though phishing for bank credentials still works more often than it should -- they aren't as aware when they get an e-mail that appears to be from Twitter or Facebook. ("Oh, Jim sent me a shotgun in Mafia Wars. Must log in to see!")

 

The only positive in getting your Facebook account phished is that you don't lose any financial information directly. That's why scammers have turned to the "mugged abroad" scam.

 

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