Scams
How Your Cell Phone Company is Gouging You
I am willing to bet that I have done the math right and if so, your cell phone company is completely gouging you. Aside from minutes and the company telling who you can call and when, the text messaging is outrageous: but they are able to be discreet about it. How much is too much?
Proof of Monster Cable Scam
There seems to be no end in sight with big retailers touting the benefits to over priced cables like Monster. It has been said over and over again that there is no need to buy cables in the fancy packaging. What many of the stores do is have a display that shows the “Monster Difference.” Upon [...]
Rich Investors Deserve Better Investor Protections
The Bernie Madoff scandal has exposed gaps in our federal securities laws, in addition to the pocketbooks of wealthy investors, including fund managers. The idea that rich investors have any more ability to avoid frauds than the everyday main street investor is ridiculous, and the Madoff case should end with strong regulation changes.
I have a [...]
Over 40 Million Credit and Debit Card Numbers Stolen – Now What?
Everybody knows there is a potential to have their identity stolen, but if your like me, you just think it will happen to somebody else. Well, think again. The United States Justice Department on August 5, charged 11 individuals for hacking more than 40 million credit and debit card numbers from nine major retailers.
In what [...]
MilkYourMoney.com Comments On Proposed Credit Card Rules
Federal banking regulators (Board of Governors of the Federal Reserve System, the Office of Thrift Supervision, and the National Credit Union Administration) recently proposed rules that would curb abusive credit card practices that we have long been against. For a detailed summary of all of the proposed rules, click here. Today, August 4, 2008, was [...]
Mortgage Buster: Scam or Savior?
We were recently approached with an interesting question regarding making interest payments. While there are many different ways of manipulating money, the absolute hardest way is to manipulate it to the advantage of the average consumer or homeowner. The house is stacked against us and we are given the pesky task of paying interest on [...]
Ask Us Anything!
We have decided to open the mail bag for comments and are curious to know more about our readers as well as field some of the tough questions out there regarding finance, be it personal, stock market or otherwise. What are you curious about? What is weighing heavy on your mind? Looking for a plan [...]
The Best Way to Save Money While in Vegas
OK gang, I am back. I took a little time off away from work, away from this site, away from the Metro, away from just about everything. I went to Vegas.
Now hold on, before you flood my inbox about how an author for a large personal finance site like this gets off going to Vegas, [...]
Prosper.com Concerns
Prosper.com has some interesting notions to it that make it unique in the borrowing/lending market. If you have some extra money, you can lend it out and make a return (hopefully) or if your credit is bad, you can get a loan for a badly needed loan that you might not get otherwise, due [...]
Is the Ticketing Industry Taking Advantage?
Within everyone’s budget, there is a place for entertainment and usually the first place we go is Ticket Master to get the latest tickets for shows, sports and other fun things. Thats the good news, there’s something fun to do. The bad news is that Ticket Master is a borderline monopoly (anti-trust) and [...]
How Much Are HDMI Cables?
In my seemingly endless travels in doing research for competitive prices of audio/visual equipment, I came across an interesting little revelation. It is a waste of money to pay the inflated prices of name brand HDMI cables. (HDMI stands for High-Definition Multimedia Interface and is used for almost all HD signals these days. [...]
Protect Yourself From Getting Your Money Hacked
It is becoming more and more common to use our computers to manage our money. There are now dozens of online services that pool all our accounts and present them in a fashion that is easy to read and that foster enthusiasm for saving, investing and having an over all feeling of well-financial being. [...]
My Dumbest Purchase Ever
Today I would like to reflect on one of my most infamous purchases. This was a long time ago and has since drilled some nice principles into my spending habits and the way I spend money. I still make mistakes now and again but this was one of the first that really hit home that [...]
Analysis of “The 11 Principles” by Money Crashers
MoneyCrashers.com has an article a list about a few principles regarding money and we would like to address them. Over all, its a great list. Feel free to comment!
1. Always spend less than you make.
Naturally, this is in first place as it keeps the saver moving in the right direction, regardless of how fast or [...]
Where do you Purchase your Contact Lenses?
Until recently, I had no idea how much I have been overpaying for my contact lenses. I pay about $4/month for PSP eye insurance through my wife’s employer, which is one of the most common eye insurers. Like many plans, ours allows each of us about $120 a year that can either go towards contacts [...]
