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Redscape Misers - Tips for Saving Money

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Pigmalia
Dignitary

Fri May 15, 2009 11:14 pm

Dave Ramsey piece on the big picture financial impact of car payments.

_________________
“I enjoy crushing bastards.” Assange

posts: 4729 | location: Autonomous Inland Empire - Occupied | joined: 02 Feb 2006

Pigmalia
Dignitary

Sun Aug 09, 2009 7:34 am

Quote:

Last year, overdraft and insufficient-funds charges totaled nearly $35 billion and comprised about 90 percent of banks' consumer-fee income, according to a study by the consulting firm Bretton Woods Inc. Three-quarters of banks automatically enroll consumers in their "overdraft protection" programs without formal permission, and more than half of banks manipulate the order in which checks are cleared to trigger multiple overdraft fees, according to a Federal Deposit Insurance Corporation study.

..........

The banks deemed overdraft protection to be a customer service convenience that provides an alternative to payday lenders, says Preuninger. And yet some of those customers might almost fare better with loan sharks. The Bretton Woods study found 80 percent of overdraft fees are incurred by 20 million households, who paid an average of $1,374 in overdraft fees.

These customers should consider ditching traditional checking account in favor of a prepaid debit card, which typically cost $70 to $80 a year ($10 upfront with a $5 monthly fee). Users direct-deposit their paychecks onto the cards (the money is FDIC-insured) and can do point-of-sale transactions and pay bills online. There are no overdraft fees; the purchase is declined if the card is empty.

Amazing that there's so many people forking over that kind of money annually on overdraft fees.
___________

Side note: Hopefully free or reduced cost national healthcare will get them back on track financially. Mirth

posts: 4729 | location: Autonomous Inland Empire - Occupied | joined: 02 Feb 2006

Pigmalia
Dignitary

Mon Nov 16, 2009 9:35 am

Today WA there was a $0.19g difference in price with OR for gas, so I drove across state line, a distance that consumed 1/3g of gas (round trip). I got 18.11g of gas for a savings of $3.44 minus the gas I used to get the savings of $0.90, for a net arbitrage of $2.54. So I had to waste a 1/3g of gas to get the savings, ugh, plus it was Oregon so someone had to pump my gas. I saved money while keeping Americans employed.

posts: 4729 | location: Autonomous Inland Empire - Occupied | joined: 02 Feb 2006

Pigmalia
Dignitary

Mon Jan 04, 2010 8:35 pm

Great site for reputable free downloadable tax software that includes free e-file.

https://www.taxact.com/tax-preparation/

Or you can go the Vince route and maximize your deductions even further. Wink

posts: 4729 | location: Autonomous Inland Empire - Occupied | joined: 02 Feb 2006

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