The FTC is toying with the idea of a do-not-call list for computer users. But some experts doubt it will work as well.
You've probably heard of the national Do-Not-Call List. And perhaps you're one of the 145 million Americans who have signed up for the federal government's registry since it started in 2003. If so, telemarketers can't dial your phone number without facing hefty fines (up to $16,000 per violation) for ignoring your wishes.
Now the same agency that created Do-Not-Call is mulling over a similar plan called "Do-Not-Track." The Federal Trade Commission wants to do for computers what it's already done so well for telephones. But despite its past success, tech experts are skeptical -- mostly because computers are so much more complicated than phones.
Boomeranger? Failed to launch? PF blogger offers (satirical) tips to help you score.
Sam, who blogs at Financial Samurai, was startled to read a number of recent posts about college grads who live with their parents. "Is there no shame in living at home with parents as a grown adult?" he wonders.
But he also feels a little sorry for these young people -- especially the guys, because a dude who mooches off Mom and Dad is not exactly a chick magnet.
A credit score of 500 will get you a car loan, but a score of 720 will get you a much better rate.
So, you've taken advantage of a free credit score offer. With your score in hand, you may have even done some research on what is a good credit score. But the question still remains: What exactly does your credit score mean? How does your score compare with those of others? And do you have the score you need to qualify for the credit you want?
Money Magazine published an article this month that answered those questions. The article was actually about a few people that have nearly perfect credit (FICO score of 850). While a perfect credit score may give you bragging rights, who cares? As Money points out, a FICO score of 780-plus will get you the best deal on any loan.
But understanding where your score falls on the total range of credit scores and whether it's good enough to qualify for a loan can be helpful information.
With so many millionaires in the US, chances are one lives next door. What's he thinking?
Although having a million bucks isn't as impressive as it once was, it's still nothing to sneeze at.
In fact, Reuters reports that in 2009 there were 7.8 million millionaires in the U.S. That's a lot of people, people. And the odds are one or two of them are living near you.
Heck, one of them might even be your neighbor. In fact, the odds are very good that it is your neighbor.
But, Len, you don't know my neighbor. That guy doesn't look anything like a millionaire.
Well, guess what. Your suburban millionaire neighbor called (oh, yeah, we go way back), and the two of us had a nice little chat.
Total cost of premiums didn't rise much this year, but employees are paying a higher percentage and seeing cuts in benefits.
Chalk up another budget category where you're paying more and getting less: employer-provided health care.
A new survey shows that workers are paying a higher percentage of their health insurance premiums as benefits are reduced and co-payments and deductibles rise.
The 2010 Employer Health Benefits Survey by the Kaiser Family Foundation and the Health Research & Educational Trust found that workers are paying 19% of the cost of individual insurance and 30% of the cost of family insurance, the highest rate in the 12 years the survey has been done. Last year, workers paid 17% of the cost of individual coverage and 27% of the cost of family coverage.
The cost of food is going up, experts say. Here's how to offset higher prices with smart savings strategies.
Coupons don't cut it for grocery savings anymore.
Although inflation has been modest lately, the U.S. Department of Agriculture predicts food-price inflation is likely to jump 2% to 3% in 2011. That means food companies and supermarkets will soon be facing higher overhead costs.
"When a food that depends on one commodity like coffee goes up, we see it pretty fast in retail prices," says Jack Plunkett, chief executive of Plunkett Research, a market research firm.
Consumers who want to keep rising food costs in check will need to adjust their spending substantially, says Phil Lempert, founder of grocery information site Supermarket Guru.
Could the 30-year rate fall below 4%? Experts consider the possibility.
This post comes from Marilyn Lewis of MSN Money.
Mortgage interest rates dropped yet again this week.
- Freddie Mac, the quasi-government mortgage company, reported that 30-year fixed-rate mortgages are averaging 4.32% (with an average cost of 0.7 point), down from 4.36% last week -- and from 5.08% this time last year.
- Fifteen-year fixed-rate mortgages dropped to 3.83% (with 0.6 point), down from 3.86% last week and 4.54% last year.
Freddie Mac started tracking the 30-year fixed-rate in 1971 and the 15-year rate in 1991, and the prices this summer have broken every record.
Here's the new question: Could the 30-year fixed mortgage conceivably drop below 4%? It would be something to tell your grandchildren about.
If an item is vastly underpriced, are you required to tell the seller?
In my recent post about cultivating your knowledge for fun and profit, I mentioned that you should hit yard sales, consignment shops, estate sales, etc., as a way to put your knowledge to work for you and take advantage of underpriced items. A few commenters thought this was unethical, so I thought I'd look at that particular point a bit more deeply.
I’ll start off by giving you a specific example of when I've done this in the past. As a teenager, I collected Magic: The Gathering cards (I still play with my wife using a handful of remaining cards). I had a very good idea of what some of the valuable ones were, including a few that sold for hundreds of dollars and a good number that could net $20 or more apiece.
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