Discover Gets a CFPB Smackdown

Earlier this year, the Consumer Financial Protection Bureau (CFPB) delivered a smack down to Capital One. More specifically, they made CapOne refund nearly $150M to consumers and $60M in fines. Well, just this week they struck again. This time the target was Discover. The penalty? $200M in refunds to 3.5M customers — and average of […]


Eyes on the Prize: The Path to Early Retirement

Okay, so the fact that I’m writing this proves that I’m not really retired. But I am semi-retired, and that’s even better. I graduated from college during the early 1980s, during an unemployment environment that by some measures was even tougher than today’s. Like many young people, I wasn’t wild about working, but being on […]


Upromise Check Request Followup

This is just a quick followup to my post from a couple of months ago in which described the process of requesting a check from Upromise. In it, I noted that they send checks quarterly, on March 16th, June 15th, September 14th, and December 14th. Over this past weekend, an envelope from Upromise showed up […]


Personal Finance and Election Predictions

For a bit of election year fun, Credit Karma has done an analysis of credit behavior (credit scores and debt levels) on a red vs. blue state basis and then used the results to attempt to predict what will happen in the so-called swing states. In their analysis, they found that individuals from blue states […]


Are you better off than you were four years ago?

Both current Presidential candidates are bandying about this question, with differing answers: “Are you better off than four years ago?” An illuminating interview with an economic journalist on Terri Gross’ Fresh Air program answered that the nation was better off as a whole, whereas many individuals were worse off. Thanks to a trick of wording: […]


Selling a Used iPhone

With the recent release of the iPhone 5, you might be thinking about upgrading. I know I am. But at the same time, I have a perfectly good iPhone 4S, so I’d need to figure out what to do with that first… In the past I’ve touched on the possibility of selling your stuff to […]


Too Many Credit Cards?

In response to my post earlier in the week about the latest Chase Freedom bonus categories, a reader named Steph wondered how many credit cards is too many? She’s apparently planning on buying a house later in the year and is concerned about the possible impact of opening new credit card accounts on her credit […]


Dave Ramsey’s Financial Peace University: Remixed

This is a guest post from Jessica Ward. Nationally-syndicated radio host Dave Ramsey‘s financial management program “Financial Peace University” (FPU) has undergone a makeover. The new course materials launched August 1 this year and, as a facilitator for a class beginning in September, I had the opportunity to compare the new program to the last […]


Investing and Inflation Protection

Are you taking steps to protect your portfolio against inflation? Though we really haven’t seen it yet, many are afraid that the steps that have been taken over the past few years to stimulate the economy will inevitably result in elevated inflation. Well, Vanguard just published an interesting article about the risks associated with Treasury […]


How Volunteering Pays Off

This is a guest post from Lucy Lazarony. Do you love the arts but can’t afford the cost of season tickets to your favorite museum, theatre, or performing arts center? Consider volunteering. I’ve started volunteering at a local cultural arts center. And it’s been a great experience for me after just one day. On my […]