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Thursday, March 11, 2010

More Money Friday roundup: Earthquake insurance & bank contractions

Posted by admin on March 5, 2010

Personal finance from around the Web:

  • The Chilean and Haitian earthquakes provided a powerful reminder of the devastation a tremor can cause. So why are 88% of insured homes in California not covered with an earthquake policy? Because the policies are really expensive. [Los Angeles Times]
  • Which states have jobs right now? Wyoming, Colorado and Louisiana, according to one analysis. But stay away from Michigan, Ohio and Missouri, where employment prospects are still bleak. Check out job growth prospects for all 50 states here. [The Daily Beast]
  • Banks have been building branches like crazy for the past few years, but they're finally starting to slow the pace. This year, the total number of retail branches in the United States will decline for the first time since at least 2002. [The Wall Street Journal]

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More Money Thursday roundup: What a bad credit score can cost you & the best (and worst) cities for car repair

Posted by admin on February 25, 2010

Personal finance from around the Web:

  • If you live in Chicago and need your car fixed, good luck. You'll need it. AutoMD.com sent mystery shoppers to car repair shops in 50 markets to rank which ones had the fairest quotes. The cities with the lowest rankings — based affordability, price variation and shop integrity — were Chicago, Honolulu and Albuquerque. On the bright side, Memphis was the best place to get a repair, followed by Jacksonville, Fla., and Omaha. [AutoMD.com]
  • Frustrated by foreclosure, one homeowner bulldozed his home to prevent the bank from seizing it. [CreditBloggers]

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More Money Monday roundup: Job expansion & tax tips for gays

Posted by admin on February 22, 2010

Personal finance from around the Web:

  • Two Bloom Boxes can power the average American home. What is a Bloom Box? A device, unveiled on 60 Minutes Sunday night, that allegedly uses a new kind of fuel cell that is entirely self sufficient. [Huffington Post]
  • A new survey produced by the National Association for Business Economics forecasts job expansion and sustained growth in the next two years. [FOX Business]
  • If you're funding a prepaid tuition plan, be on the lookout. Some institutions are trying to get out of their contracts because of funding shortfalls. [WalletPop]
  • It's no secret that the tax code tends to favor married couples. Here's how gay couples can minimize their obligations when filing their tax returns. [Bucks]
  • Back in November, MONEY highlighted some ways to increase your income. This opportunity may be knocking on your doorstep: The Census Bureau is still looking for surveyors. [ABC News]

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More Money Monday roundup: Nine-cent nickels & paid paternity leave

Posted by admin on February 1, 2010

Personal finance from around the Web:

  • No more being pennied and nickeled: President Obama's 2011 budget, released Monday, points out that it costs the government 1.8 cents to make each penny and nine cents to manufacture a five-cent coin. The administration proposes fiddling with the composition and weight of US coins to save money. [Infectious Greed]
  • Under new British law, new dads will be eligible for paid paternity leave starting April 2011, enabling them to take the place of a female partner returning to work. The legislation would provide up to £123 per week, or about $200. [The Guardian via Bucks]
  • Consider these four factors before converting your Roth IRA. [Bargaineering]

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More Money Friday roundup: Deducting donations & stock market optimists

Posted by admin on January 22, 2010

Personal finance from around the Web:

  • Made a donation to Haitian relief efforts? You may be able to deduct it on your 2009 tax returns, thanks to swift action in Congress. If you haven't given yet, but want to, here's a list of top-rated charities and some pointers for smart giving. [Bucks, Charity Watch]
  • If you apply for a new credit card after February 22, the card company will base your approval not only on your credit history, but also on the result of new tools that estimate your income. [CreditCards.com]
  • House Financial Services Committee chairman Barney Frank thinks Fannie Mae and Freddie Mac should be eliminated in their current form. The congressman says lawmakers must find a new way to finance the U.S. housing market. [Bloomberg]

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More Money Friday roundup: Credit card rules & giving to Haiti

Posted by admin on January 15, 2010

Personal finance from around the web:

  • Why do we consume what we do? A new study says it's all the little voices in your head. [It's Your Money]

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More Money Tuesday roundup: Insurance myths & recession porn

Posted by admin on December 22, 2009

Personal finance from around the web:
  • You've read countless stories about adult children needing financial help from their parents. But a new study indicates that maybe this is not really the norm. [Bucks]
  • Ever wondered how much money football bowl games make for participating colleges? Surprise, surprise: Most of them are money pits. [The College Solution]
  • Some people think a recent uptick in appliance sales signals a turnaround in the housing market. Not Barry Ritholtz. [The Big Picture]

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More Money Tuesday roundup: Secret Santas & Chinese savers

Posted by admin on December 1, 2009

Personal finance from around the Web:

  • Reduce some of the usual holiday stress with good planning and wise shopping. To get you started, here are some lesser-known websites that can save you money on holiday travel. [Get Rich Slowly]
  • The New Yorker recently examined why the Chinese save so much and why they might want to spend more freely.  But while the Chinese could benefit by spending a tad more, Americans would be better off if we adopted some of their savings mentality and gave up our collective assumption that things will always somehow work out.  [The New Yorker, It's Your Money]
  • A summary of everything that went down on Black Friday: Sales reports, news reports and entertaining tidbits. [WalletPop]
  • Secret Santas seem to be on the rise, and they're going high-tech. A list of Secret Santa websites. [Bucks]

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More Money Friday roundup: Bill Gross & $65 waffles

Posted by admin on November 20, 2009

Personal finance from around the Web on Friday:

  • Fixed-income king Bill Gross doesn't like earning 0.01% on his cash. But he does like utilities. [PIMCO]
  • You may end up owing taxes next April because a little tax credit ended up being too big. One more reason to check your withholding. [Bucks]
  • A convicted Long Island mortgage fraudster will be serving a month in jail for trying to rip off a 93-year-old retired barber.  Then she'll spend probation on the lecture circuit. [(New York) Daily News]
  • A $350-a-night  luxury resort in Malaysia will give you a free night if you encounter more than one inch of rain in any 7 a.m to 7 p.m. period. Willing to hope for rain in exchange for free digs? [Savvy Sugar]
  • Kellogg has warned of a waffle shortage through mid-2010. So naturally, someone on eBay is trying to sell a box of Eggos for $65. [The Washington Post]

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More Money Tuesday roundup: Health-reform taxes & gift-card fees

Posted by admin on November 17, 2009

Personal finance from around the Web Tuesday:

  • The Federal Reserve is proposing new rules to protect gift card consumers from exorbitant fees and and expiration dates.  While the exact date these new rules will go into effect remains unknown, it most likely won't be until next summer — after the upcoming gift-card season. [Federal Reserve, Bucks]
  • With the passing of the health care reform bill comes the passing of a 5.4 % surtax aimed at high-income tax returns. The Tax Foundation has created a map that shows the top tax rates in different states under the new plan. [Tax Policy Blog]
  • Wondering what has happened to the transportation stimulus package? The California Transportation Department reports it has been allocated $2 billion into federal highway funds. But only 2.5 % of that money has been spent yet.  California is not alone, but sometimes slow and steady wins the race. [Freakonomics]

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