About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:

Financial Question of the Day #6

By Erik Folgate

Would you rather start investing in the stock market first or buy a house?

Answer this question without taking into consideration the current market conditions of the housing market. I think that I would rather buy a house first, because you get two things out of it. You get a place to live, and real estate is a great investment in the long term. I like investing in growth stock mutual funds, but I think that I’d rather be owning something that I can upgrade and begin a family in, rather than having a piece of paper earning interest. However, if it meant that I was buying the house with no money in the bank, I’d rather buy stocks. I don’t ever want to be in the situation where the air conditioner dies, and I don’t have any money to fix it. Plus, I wouldn’t want to put my family through that, especially living in Florida.

Click to continue reading...

Hyundai Is Coming Out With a Luxury Car For the Rich Bargain Hunter

By Erik Folgate

I read an article today in USA Today about the new luxury car coming out soon by Hyundai It’s called the Genesis, and it will boast a V8 engine, loads of safety and luxury features, surround sound also found in the Rolls Royce, and look similar to a BMW. I have a Hyundai Sonata, and I’ve been very impressed by it so far. The engine has a lot of power, it rides smooth, and it’s fairly fuel efficient for a V6. I was skeptical about Hyundai before I bought it, because of the stigma Korean cars have had in the past, but I must say, Hyundai has come a long way. It’s more affordable than Honda and Toyota, and it’s bridging the quality gap very quickly.

Click to continue reading...

How To Get Your Phone Number Off Google

By Erik Folgate

I read an article in the local Jacksonville paper about taking your phone number off of the Google search engines. I never thought about personal residences being searched on Google, but it makes sense. I have a business line for my home office for the insurance company that I work for, and for some reason, it doesn’t show up as my name, but the company’s name. I get all kinds of phone calls from people that have nothing to do with what I do. It’s pretty annoying. So, does your land line show up on Google? This doesn’t have much to do with personal finance, but it could if you want to reduce the amount of sales calls and credit card company phone calls in your life.

Click to continue reading...

Should You Buy Liability Umbrella Insurance?

By Erik Folgate

A reader asked me this question today:

What are your thoughts on personal liability “umbrella” insurance and who should have it?

There are two ways to answer this question. How much personal liability do you have in your life? Do you have a lot of assets to protect?

Click to continue reading...

Four Tips For Selling Your Home In a Fallen Housing Market

By Erik Folgate

The projection for the housing market in 2008 is not very good, but that doesn’t mean you are stuck with your house. So many people will be horrified at the thought of selling their house this year, but there are ways to sell your house in any market, whether it’s good or bad. Here are some tips for selling your house no matter how much your housing market falls this year.

Click to continue reading...

The Price of Oil Increases to $100 A Barrel For The First Time

By Erik Folgate

I was reading this article on Yahoo Finance, and I started thinking to myself, “Will the price of gas ever stop rising?” I have not written much about the price of oil and the ever increasing gas prices until now, because it’s getting so absurd. No one knows why it’s REALLY increasing so much. I always hear people say that there is a shortage or refineries are down or up for maintenance, but is that really the reason why it keeps rising so much? Is it those futures investor nerds that keep driving the price up? Is it the fact that we are so dependent upon Middle Eastern oil? Is it because we’re just too dependent on oil in general? Whatever your take is on this debate, it doesn’t stop the fact that we keep paying whatever price the gasoline company spits out at us.

Click to continue reading...

Ring In Your New Year With a Financial Transformation

By Erik Folgate

The beginning of the year is always the best time to start a new habit, break an old one, and most importantly, set new goals. I know that New Year’s resolutions are very cliche, but they serve a good purpose. New Year’s resolutions usually fade away in March, but that’s because many people do not treat them as real, attainable goals to sustain the year and the rest of their life. One of the most important goals you can make for 2008 is to improve your financial life. I am such a big believer in straightening out your finances, because I believe that poor financial health affects all areas of your life including your marriage, physical appearance, and mental stability. Think of the husband out there right now who is going through foreclosure on his house, could lose his job, and has thousands of dollars of consumer debt. It’s fair to assume that his marriage is on the rocks, he hasn’t exercised in months, and his stress levels are at an all-time high.

Click to continue reading...

Financial Question Of The Day #5

By Erik Folgate

I hope all of you had a great Christmas, and I hope it wasn’t as busy as mine! We had about 25 to 30 people at my mother-in-law’s house, and it was insane. But, no one got hurt, everyone was excited about their gifts, and most important, family and friends were able to be together.

Here’s the financial question of the day:

What one spending habit would you like to change in 2008?

Click to continue reading...

The Low Down On Holiday Tipping

By Erik Folgate

The season of Christmas brings generosity out in us that we may not have throughout the rest of the year. We usually tip based on a certain percentage like 10% to 20% to various people who work off of tips. But, something about the holidays makes uf throw out the rule book of tipping, and we even find ourselves wanting to tip those who might not usually think about tipping.

Check out this article on MSN Money for everything you need to know about tipping on the holidays.

Click to continue reading...

Question Of The Day #4

By Erik Folgate

What is your best bargain buy story?

Tell us a story when you got a tremendous deal on something such as a house, car, television, furniture, or whatever it may be, and tell us how you got such a great deal.

Click to continue reading...

How I Would Pay Forward $1,000 On The Holidays

By Erik Folgate

The first thing that I would do with $1,000 to pay forward is I would find a homeless person, take them out for dinner to the restaurant of their choice. Then, I would take them and buy them nice outfit. Then, I would offer to drive them to the nearest shelter or rehabilitation center. Are there any rehab centers for homeless people these days? I know that many of them are mentally handicapped, but some of them just need a second chance and someone to motivate them to pick up their life again.

Click to continue reading...

Last Day To Buy Something Online and Receive It by Christmas!

By Erik Folgate

For many retailers like Amazon, Best Buy, Circuit City, Buy.com, and others, this is the last day that you can buy something online to ensure that you’ll receive it before Christmas Day. Keep in mind that there are very few sites that are “guaranteeing” it will get there by Christmas, in fact, no company should guarantee it, because the post office doesn’t guarantee anything over the holidays.

Click to continue reading...

A Refreshing Approach To Holiday Bonus Giving

By Erik Folgate

Check out this article from USA TODAY about a bank in Fargo, North Dakota that gave $1,000 holiday bonuses to employees.

Click to continue reading...

Financial Question Of The Day #3

By Erik Folgate

What is your favorite giving memory? Such as, a time when you gave something to someone or received something from someone.

My favorite giving memory is definitely the trip that I took to Ecuador in high school with my church’s youth group. Each student brought one wheelchair, and we passed them out at a free medical clinic in Cuenca, Ecuador. It was the first time I gave a gift to someone that TRULY needed it. The expression on those people’s faces were priceless.

Click to continue reading...

To Buy or Not To Buy Rental Car Insurance

By Erik Folgate

You all know the awkardness of renting a car, and the sales rep will ask you if you want to buy rental car insurance. Their most popular pitch is that the worst could happen and you are stuck with buying them a new car. You try to remember if your auto insurance policy covers you for collision and/or liability in rental cars, but you can’t remember. Hell, you’ve never even read your auto insurance policy, let alone knowing whether it covers you for rental cars. Also, it’s not like they offer this coverage for an extra $5.00 per day. It’s about $25 to $30 a day, which can really increase your total rental bill.

Click to continue reading...

The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.