Citi Replacing Driver’s Edge With ThankYou Rewards Card

Editor’s Note:  This limited-time offer has expired and is no longer available. Earlier this week, my wife and I received notice that our Citi Driver’s Edge Card is being replaced with the Citi ThankYou Rewards Card. It appears that they’re phasing out the Driver’s Edge program entirely, which is fine with me since we pretty […]

Saving Money When Buying a Washer and Dryer

My husband and I bought a washer and dryer a little over a week ago. We knew that we’d eventually have to make the purchase, as we’ve been making do with a set that we bought awhile ago on Craigslist for $150. This time around, we followed our own advice on making big purchases and […]

Are Scholarships Taxable?

With many high school seniors looking forward to heading off to college next year, I thought I’d spend a little time talking about a topic that I’m frequently asked about… Whether or not scholarships are taxable. The tax treatment of scholarships is address in IRS Publication 970. For starters, let’s define some terms. The IRS […]

Secure Your Sensitive Data

I recently ran across an interesting new story about Minnesota Vikings wide receiver Bernard Berrian, who lost his Blackberry while in Las Vegas last fall. Apparently the couple who found it were trying to extort money out of him or they would sell the phone to the “highest bidder.” According to the report, Berrian stores […]

Lifecycle Funds are a Terrible Investment Idea

Lifecycle funds (also known as target date mutual funds and ETFs) are marketed mostly as a solution for folks who want to achieve a financial goal by a specific time. The most popular are those are structured for people planning on retiring, but they have also become popular in 529 college savings plans, too. Lifecycle […]

Turbo Tax Discount for Amex Customers (and Others?)

While perusing recent transactions in our Platinum Delta SkyMiles Card from American Express. account, I ran across an ad for a 35% discount on TurboTax Federal products when you pay with “any eligible American Express Card.” There’s also a link from the ad itself (go ahead and click it if you wish) which appears to […]

How Much Does Your Credit Score Matter?

Certain personal finance gurus such as Dave Ramsey argue that you can (and should) ignore your FICO credit score. Others, like Suze Orman, advocate taking control of your score. So who is right? Given how often credit scores are talked about in various books and on TV, I wanted to dig deeper and see how […]