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The celebrity sisters end their relationship with a prepaid card criticized for high fees. There are still plenty of those cards out there.

By Teresa Mears Nov 30, 2010 12:34PM

The Kardashian card is over.

 

Let this be a lesson to consumers: Don't listen to financial advice from people whose main claim to fame is being famous. You can bet Kim, Khloe and Kourtney Kardashian, known for their  "Keeping Up with the Kardashians" reality show on the E! network, didn't get rich using prepaid cards larded with fees, as theirs was.

 

We're happy to report that most consumers ignored the Kardashian card. Only about 250 were sold. The card's launch less than a month ago was followed by a wave of publicity over what a bad deal the Kardashian card was for consumers. The publicity caused the Kardashian sisters to end their relationship with the card, issued by MasterCard and University Bank of St. Paul, Minn.

 

You have to make the decision based on how it helps you and your family.

By Karen Datko Nov 30, 2010 11:25AM

This post comes from Jim Wang at partner blog Bargaineering.

 

A lot of people are "underwater" on their mortgages -- that is, the value of their home is below the amount they still owe on their mortgage. Other people simply can no longer afford their monthly mortgage payments.

Regardless of the reasons, some homeowners are considering walking away from their home and their mortgage, and it's important to understand what the actual costs are going to be.

Why you should walk:

  • It's simple math. 
 

People are not good at multitasking, and that includes members of the Millennial generation.

By Karen Datko Nov 30, 2010 10:15AM

This guest post comes from Pop at Pop Economics.

 

Our minds spend 46.9% of the time wandering.

 

That's according to a new study by Harvard psychologists Dan Gilbert and Matthew Killingsworth. The two developed an iPhone app that asked 2,250 volunteers at random intervals what they were doing, how happy they were, and whether they were thinking about the task at hand or something else that was pleasant, neutral or unpleasant.

Of the 22 activities that the app let them choose from --including walking, eating, and watching TV -- the volunteers' minds were not focused on their present tasks no less than 30% of the time for every activity but having sex.

 

The holiday shopping season usually includes some of the best days of the year to buy a car.

By Stacy Johnson Nov 29, 2010 6:31PM

This post comes from Michael Koretzky at partner site Money Talks News.

 

New-car prices are down, but used-car prices are way up. Leasing is also up -- but so are defaults on those leases.

 

Oh, and young people want to drive less. Holy Chrysler, what's going on?

Well, experts say this uncommonly long recession has put the brakes on what we long considered common car sense. So before you buy, read on.

 

Shoppers continue their holiday spending spree.

By Karen Datko Nov 29, 2010 4:18PM

This post comes from Melinda Fulmer of MSN Money.

 

Recession? What recession? Cyber Monday is here and consumers are still shopping in force, according to retail experts. They're just doing it on the sly at their desks at work.

According to Graham Jones, a vice president at PriceGrabber.com, online traffic from his company's comparison site to retailers is up between 15% and 20% today from last year (roughly the same increase they saw on the much more heavily promoted Black Friday).

 

Most workers say they don't feel obligated to buy a holiday present for supervisors. Consider the ramifications before you do.

By Teresa Mears Nov 29, 2010 3:53PM

There is nothing that brings out my inner Scrooge more than the issue of "obligatory" holiday gifts.

 

You know what I mean. The gifts you buy not because you want to, but because it's "expected." Or at least you think it is.

 

In these times of job insecurity, one question that looms large is: Should you buy your boss a holiday gift?

 

Four ways to find bigger discounts and better deals with social media and apps.

By Karen Datko Nov 29, 2010 3:00PM

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

 

Shoppers looking for the best discounts this holiday season won't be able to get them all on their own. They'll need a little help from social networking sites and their cell phones.

 

The technology behind these deals was already in place on Black Friday, when shoppers who "checked in" to a Hollister store using app Foursquare got an exclusive coupon for 20% off that could be scanned at checkout. Earlier, RadioShack offered $10 off a purchase of $40, and a 20% discount on all accessories, only to its Facebook fans.

 

Retailers have been experimenting for months with exclusive deals via apps and social media, but this is the first holiday season they'll be using those tactics, says Lynn Mettler, founder of Step Ahead, a marketing firm in Mount Pleasant, S.C. And it's an important time for this push.

 

Do you overspend, thinking that your future self will somehow find a way to come to your rescue?

By Karen Datko Nov 29, 2010 1:22PM

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

 

I recently had dinner with Wendy and Dennis, two Get Rich Slowly readers who recently moved from Phoenix to Portland, Ore. We talked about a lot of things -- most of them nerdy. We also chatted about the ever-evolving nature of Get Rich Slowly.

"I've noticed you're writing more about credit cards lately," Wendy said. "Is that because you're using them more often?"

 

"Well, maybe," I said. I thought about it for a moment.

 

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