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The way we pay for cell phone service doesn't make sense.

By Karen Datko Nov 18, 2009 5:26PM

This guest post comes from Frank Curmudgeon at Bad Money Advice.


Would you rather pay $399 now and $20 a month for two years, or $199 now and $30 a month for two years? If you are a rational consumer, you probably prefer the $399 deal. The other one is like a $200 loan at 20% interest.


And yet, according to a long and meandering article from The New York Times on the madness of cell phone pricing schemes, we wacky Americans preferred the iPhone at $199 with a $30 data plan over the previous deal of $399 with a $20 plan. I’m not sure I buy that. IPhone sales could have increased for a number of reasons, including the fact that the $199 phone was an upgraded version. Still, the Times piece does bring up a number of peculiarities about the economics of cell phones.


Target, Wal-Mart have the bargains to beat this year

By TracyC Nov 18, 2009 5:00PM

The much-anticipated Black Friday sales ad from Wal-Mart was released today after much of its deals had been leaked to online bargain sites.


The ad, which comes six days ahead of schedule, contains a number of hot early-bird specials (5 a.m. to 11 a.m.), while supplies last:


Is the rising werewolf a victim of the recession or an empowered creature fighting back?

By Teresa Mears Nov 18, 2009 3:42PM

Are you wondering why you’re hearing so much about werewolves lately?


It’s the recession, say Bob Powers and Ritch Duncan, authors of "The Werewolf’s Guide To Life -- A Manual For The Newly Bitten."


In a post at The Huffington Post, they say, “We believe that the plight of the werewolf reflects the American economic mood at the current moment.”

The story of the werewolf is about personal struggle over adversity. No one chooses to become a werewolf. You're afflicted with the condition as a result of dumb luck. If you're unlucky enough to be walking down the wrong wooded path when the moon is full, a hungry werewolf just might jump out and change your life forever. The werewolf has no concern for how much money you have in the bank or how many people are counting on you, and he definitely isn't concerned with how attractive you might be. Anyone can be turned.
Many Americans are dealing with a similar feeling of helplessness as they study their bank accounts and listen to the workplace rumors about more layoffs coming down the pike. The pervasive feeling is that at any moment, a little bad luck can send everything spiraling out of control.
The reality of the werewolf lifestyle is all about making do, and finding a way to keep in control.

The vampire, so popular just a few years ago, has gone the way of the spendthrift years of the middle 00s, “when money flowed like blood from a jugular and no one had any idea that the vein might run dry.” Vampires, Powers and Duncan say, are the elite, a “creature of the country club.”


Plus 4 secret spendthrift confessions.

By Karen Datko Nov 18, 2009 12:53PM

This post comes from Frugal Duchess at partner blog Wise Bread.


From time to time, I take inventory of my frugal habits. This review helps fine-tune my money-saving strategies.

Here is my latest list of 25 frugal things I do, plus a few spendthrift habits. It's a tradition I've picked up from my friend Dawn at Frugal for Life.


Some deals good only today or through Thursday.

By Teresa Mears Nov 18, 2009 12:22PM

If you decided at the last minute you’d like to travel for the Thanksgiving holiday, you may get a pleasant surprise: A number of airlines have put tickets on sale for holiday travel.


Midwest is offering round-trip fares starting at $108, and Smarter Travel found that fare was being matched or beaten on most routes by AirTran, Frontier, Northwest, Continental, American, United, and Delta.


Airlines experiment with onboard shopping.

By Teresa Mears Nov 17, 2009 4:51PM

One of our favorite things to do on an airplane is read SkyMall magazine, which is really a catalog full of products you’ve never heard of but now you’ve seen them, you absolutely, really, truly need them.


We’ve never actually ordered anything, but the fantasy is fun.


Now American Airlines is hoping it can persuade customers to go beyond browsing and actually buy things on board, beyond sandwiches and drinks. The airline is calculating that it can make some money off a captive audience, The New York Times reports.


USDA study shows a sharp increase in the number of households that run out of food.

By Karen Datko Nov 17, 2009 3:55PM

The Great Recession will be known for many things -- home foreclosures, lost jobs, inappropriate bonuses on Wall Street.


For us, it has a new face: Nearly one in four U.S. children “struggled last year to get enough to eat,” The Washington Post said in a story about a newly released government report. 

"This is unthinkable. It's like we are living in a Third World country," Vicki Escarra, president of Feeding America, a network of 200 food banks, told the Post.


The Post reports:

In 2008, nearly 17 million children, or 22.5%, lived in households in which food at times was scarce -- 4 million children more than the year before. And the number of youngsters who sometimes were outright hungry rose from nearly 700,000 to almost 1.1 million.

New study says people get smarter with money only to a certain point, usually around age 53.

By Kim Peterson Nov 17, 2009 3:16PM
Insurance needs © Siri Stafford / Photodisc Red / Getty Images We're supposed to get smarter about money and finances as we get older, right? One new study suggests that may not be the case.

Researchers have been tracking the financial mistakes people make in their lives, and came up with an interesting conclusion: The mistake pattern is U-shaped, with the most mistakes occuring early and then later in life.

So when are we the smartest in life, financially speaking? At age 53. After that, we get dumber with money. 


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