Your Car Insurance Company May Know When You Are Lying

When was the last time you told your car insurance company how many miles you actually drive every year? It was probably the last time you shopped around for a new car insurance policy. Is that number of miles driven still correct? Have circumstances in your life changed such as a new job that requires […]


Who Pays for Credit Card Rewards?

As much as consumers love their reward credit cards, many merchants hate them. And maybe we should, too. Why? Because whenever you swipe a credit card, merchants get dinged for a 1-3% interchange fee. And guess what? Those interchange fees go, in part, toward your credit cards rewards. In other words, credit card rewards contribute […]


Payment Methods and Product Perception

I recently ran across an interesting article in the Journal of Consumer Research. In it, the researchers looked at the effect of your payment methods (credit card vs. cash) on how you evaluate a product (benefits vs. costs). The authors argue that the so-called “credit card premium” — i.e., the fact that using a credit […]


Six Ways to Save Money at Work

You probably think of work as a place to earn money, but you also spend a lot of money because of work — on clothes, food, transportation, and other items. If you’re not careful, your earnings can take a hit from these expenses. Here are six ways to trim the expenses related to the workplace: […]


Best Discount/Online Brokers for 2012

In their February issue, Consumer Reports looked at the best brokers based on reader feedback. Their top five included: USAA Brokerage Services Scottrade Vanguard Brokerage Services Charles Schwab TD Ameritrade All were give above average marks for customer service and website usability, and Vanguard and Schwab both scored high on “financial advice.” As far as […]


Why Didn’t I Get My Tax Refund?

Have you filed your taxes yet? I haven’t. In fact, I rarely get things pulled together this early. But some people do. And it won’t be long before at least a few of them are wondering why their tax refund has shown up. Well, the good folks over at WiseBread have some answers… Errors on […]


Teens and Money

The last 10 to 15 years have seen unprecedented numbers of Americans doing wacky things with their money, and paying big time for their mistakes. About 12 years ago, for instance, a lot of folks bought into the tech bubble just before it became a tech wreck. Two years later, having seen their nesteggs decimated […]


Don’t Be Cheap

On the way to work the other day, I stopped off for a cup of coffee. Yes, I’ve started drinking coffee — though I usually brew it at home — but that’s not really the point. The point here is that, while I was at the coffee shop, a guy walked in and asked for […]


Congress at Work: Insider Trading and Payroll Taxes

I don’t usually cover politics here, but Congress has passed a couple of recent bills that have the potential to affect your pocket book. For starters, the STOCK Act has been gradually making it’s way through Congress. This is the legislation that would stop Congressmen from using insider information when making investments. The Senate was […]


Are Frequent Flyer Miles Taxable?

In case you haven’t heard, a number of Citi customers have received 1099-Misc forms for bonus miles that they received during 2011. But are frequent flyer miles actually taxable? According to a report in the Wall Street Journal, the answer is… Maybe. It all depends on how/why you received them. Were they awarded as a […]