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How To Save Money Using Google Shopping

By Erik Folgate

My best friend recently saved over $100 buying contact lenses using Google Shopping and a company willing to price match any internet prices he found that were lower than their prices. I will use his experience as an example, but you can apply this method to any product you are looking to buy, as long as the company you buy from has a price match guarantee.

Step 1: Find a reputable, convenient company to buy from with a price match guarantee.

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My Top Ten Career Related Websites For Young People

By Erik Folgate

Your career is the most important aspect to your personal finances, because without a good career that you enjoy, you’ll have a hard time finding earning a significant income over your lifetime. Without good income, it’s so tough to get ahead with your finances. I am constantly telling people that they either have an income problem or a behavior problem if they can’t get ahead with their finances. If you need some direction with your career path or just some tips and advice about interviews, promotions, or office culture, here is a good list of websites to help you:

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What To Do When You Can’t Pay Minimum Debt Payments

By Erik Folgate

There’s no doubt we have gone through some hard economic times, and some of you have had a hard time paying all of your bills each month. There’s no need to be ashamed of it or get depressed about it as long as you are working actively to reverse the situation. Here is a short step-by-step guide to helping you make the right decisions about your money and ways to help you stay current on your bills.

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Save Money With Group Discounts Using Strangers

By Erik Folgate

We’re all looking to save money right now, and frugality takes creativity if you want to save the big bucks. Smart Money has a great article about saving money on group discounts with strangers. They have some great online resources to help you partner up with other people looking to get a group discount if you don’t have a large friends/family network to take advantage of group discounts.

strong>Here are some tips from their article for getting a group discount without using the internet:

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How To Manage An Inheritance Or Lump Sum Of Money

By Erik Folgate

At some point in our lives, we ponder the question, “What would you do if you were given a large sum of money?” We usually answer the question with a bunch of wishful thoughts like traveling around the world or buying a boat. We don’t like thinking about being responsible with a large sum of money. I think this is because many of us never think that we’ll ever run into a windfall of money. However, it could be more feasible than you think. Baby Boomers were a very successful generation, and as they pass away, their children will inherit large sums of money and assets. Many people feel burdened with the responsibility of managing the money, so here is a list of things to do with the money that you won’t regret.

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The Difference Between Frugal and Cheap

By Erik Folgate

Ever since I have been more passionate about personal finance and managing my money, I have noticed that there are different definitions of being cheap and being frugal, depending on who you talk to. When my wife and I started telling people that we couldn’t go on vacation, because we were paying off debt, or that we don’t use credit cards, they looked at us funny. When we clip coupons and go to the $1.50 movie theater, some people laugh at us. We’ve never been heckled about it, but we’ve definitely heard the “you only live once” line when we tell people that we are saving money or paying off debt before we spend it on a major purchase.

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The Car Allowance Rebate System And Scams to Avoid

By Erik Folgate

The Car Allowance Rebate System was signed into law last week, but there are already scammers out there trying to phish information from consumers looking to trade in their old cars. Here are some things you need to know to avoid these scams:

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  • If you come across any website that uses the term “cash for clunkers”, it’s not official by any means.
  • The program will not get started until late July or early August, because regulators have up to 30 days to figure out a system for distributing and collecting vouchers.

How To Avoid Banking Overdraft Fees

By Erik Folgate

There are many things that I hate paying for in life, but bank fees are definitely in my top three for most hated expenses. When you deposit your money into a commercial bank, you are already doing them a favor, because that increases their ability to loan more money to other customers and make money from the loan interest. Nickel and diming you with exorbitant fees is not good customer service, yet many banks still try to get away with it. Now with the government sticking their noses in banking interest rates and foreclosure costs, banks will look to fees more than ever to make up for lost revenue.

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How To Save Money Buying An LCD TV

By Erik Folgate

During the summer, you will find great deals on LCD and Plasma TV’s, because manufacturers and retailers are looking to get rid of their older models to bring in new ones. As with any electronic device, manufacturers roll out a better model with more features every year to make consumers never be content with what they have. Apple does an amazing job with this tactic, and it’s one of the only things that annoys me about their company. The fact that the iPhone doesn’t have an FM radio, MMS text messages, and just recently got video playback is ridiculous. They have been adding one or two features to their iPods for the past five years, when they had the capability of adding all of the features from the beginning.

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Tax Considerations For Self-Employed Income

By Erik Folgate

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I was talking with one of my best friends today, and he was asking for my opinion about SEP retirement accounts, and how he can reduce the taxes taken from the self-employed income he earns throughout the year. He does some public speaking and lectures that earn him some side income throughout the year, and he noticed that the money he made in 2008 was taxed at about a 30% rate. He was asking me if it was wise to open a SEP account and contribute the maximum amount to it in order to reduce his taxable self-employment income. There are a few things to consider here…

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Seth Green “Cribs” Personal Finance Spoof

By Erik Folgate

I found this on the Dave Ramsey Facebook page, which by the way, I was really impressed by his Facebook page. It gave me a good laugh:

Five Frugal Tips For Having Fun On a Budget This Summer

By Erik Folgate

Summer Beach

Even though school summer breaks are just a distant memory for me, it’s still one of my favorite seasons, because I love the ragged-out, beach feeling, fireworks on the Fourth of July, and barbecues with corn-on-the-cob and watermelon. There’s nothing like it. Summer can also be a really expensive time of the year, because families are vacationing and parents are trying to keep their kids busy while they are out of school. With money being a littler tigher than usual right now, here are some tips for being more frugal during the summer while still having fun.

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Check Out Build My Budget

By Erik Folgate

I have been playing with a fairly new personal finance application put together by Chris from Build My Budget. Sometimes, Mint.com and other personal finance budgeting applications do a little too much for some users. Build My Budget has a simple, easy-to-understand interface. it is a great application for people who want to build a monthly budget and stick to it.

There is a blog and forum to interact with other users, but the best part about the website is the massive educational center with a wealth of information about how to budget and WHY you should budget.

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Adjusting Your Portfolio for Inflation

By Erik Folgate

The reason many investors are skeptical about this stock market rally is because a little word called INFLATION has not reared its ugly head on our country’s economy. Don’t believe anyone when they say that inflation will not take it’s toll on our economy in the long term. We have spent money that we don’t have, so that means we printed money out of thin air without any backing. Check out this graph from the Heritage Foundation:

federal-spending_02-850

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Credit Card Regulations Bill Passed By Congress

By Erik Folgate

The bill to regulate certain credit card policies has now passed through the Congress. Why is Congress regulating credit card companies? Because, they recongize the abusive consumer practices that credit cards perform each and every day, yet we still continue to use them. Here is an excerpt from the article from Fox News:

Meanwhile, the credit card portion is aimed at addressing consumer concerns.

The new restrictions would protect debt-ridden consumers from many of the surprise charges common in the industry, like over-the-limit fees and a charge to pay the bill by phone.

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