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Posted
Jun 25 2008, 04:28 PM
by
Karen Datko
Talk about secondary sources of income, a contest co-hosted by our sister MSN Money writer Liz Pulliam Weston offers the potential of lots of prize money and "not too much fame." All you've got to do is decide to save money and post a video about it at YouTube. Well, it's a little more complicated than that. Let us explain.
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Posted
Jun 25 2008, 12:35 PM
by
Karen Datko
Rating:
You're brown-bagging your lunch, driving less and clipping more coupons, but you're still not cutting expenses enough to compensate for higher gas and food prices. That's a common lament of many of our readers, who often ask, "Isn't there more I can do?" Hopefully you can find some inspiration in "101 ways I saved money this year" by "The Village Idiot" at an entertaining blog called Save, You Fool!
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Posted
Jun 10 2008, 12:35 PM
by
Karen Datko
Sure, it's sad that TV icon Ed McMahon is facing foreclosure on his $6 million Beverly Hills mansion. But "PT" at Prime Time Money is irritated by the way McMahon has gone public with his housing woes. Ed has said he hopes his story will help others who are about to lose their homes. "In my opinion, a millionaire, who could get any type of mortgage he wanted, has no business being the spokesperson for the foreclosure issues facing the few who really got duped," PT writes. "... I'm convinced he's simply hyping this to get the house sold."
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Posted
Jun 02 2008, 01:34 PM
by
Karen Datko
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We're in the same boat as "PT" at Prime Time Money. Our tax-rebate check has yet to arrive. Just like PT, we thought our rebate would be direct-deposited into our checking account on May 9, based on our Social Security number and the IRS payment schedule. So, like PT, we dug a little deeper to find out where it could be.
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Posted
May 19 2008, 04:35 PM
by
Karen Datko
Just how bad is foreclosure? As the "Silicon Valley Blogger" points out, pretty awful. But it might just be the end to a financial nightmare that's keeping you up at night. If faced with the prospect of foreclosure, the important thing is that you understand the consequences -- and there will be some -- of this huge financial step.
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Posted
May 19 2008, 02:19 PM
by
Karen Datko
You don't need to have a crazy interest-only or adjustable-rate mortgage to feel the pain of the housing slump. A reader who posted a question at Free Money Finance wisely put 20% down and got a fixed-rate mortgage in Las Vegas when that housing market was sizzling hot. Now it's not, and he's upside down -- he owes more on the house than it's worth because of dropping values. His problem is that he wants to move.
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Posted
May 06 2008, 03:29 PM
by
Karen Datko
If you don't want your house to sell, make sure it looks like some of the houses featured at snarky I Can't Sell My House, a blog that's essentially a pictorial history of our current housing woes. You know that look -- a Christmas tree still on the curb four months after the holiday season, an overgrown lawn, or a few grocery carts parked near the driveway. Inside, make sure buyers can immediately identify what kind of pet you have -- just by gently inhaling. If you really want to sell your house in this tough market, read The Wisdom Journal's "52 tips to make your home irresistible to buyers." Ron shares more than the obvious in this post.
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Posted
May 03 2008, 05:47 PM
by
Karen Datko
Rating:
Former baseball star Jose Canseco is walking away from his 7,300-square-foot mansion in a Los Angeles suburb. But did you know he's only the latest celebrity who has faced foreclosure? In fact, the Los Angeles Times blog L.A. Land has an occasional feature called "Celebrity Foreclosures," and so far has written about such notables as Canseco and Marion Jones. The most recent installment includes suggested headlines about Canseco like "Jose walks" and "Canseco took a walk, but was called out at home."
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Posted
May 01 2008, 12:49 PM
by
Karen Datko
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It used to be that if you wanted to buy a house, you simply talked to a lender. "This is nice, if you have an honest, unbiased broker," writes Jonathan at My Money Blog. "This is also how people got talked into 0% down, subprime adjustable-rate mortgages." If you are thinking about, saving for or on the verge of buying a house, we strongly recommend that you read Jonathan's two-part series on shopping for a mortgage. We've been through the house-buying process three times and wish we could have read these posts before we did.
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Posted
Apr 25 2008, 03:55 PM
by
Karen Datko
Rating:
"Fox" at Squawkfox emptied her purse the other day, and it wasn't a pretty sight. Honestly, Fox, do you need to carry wadded-up paid and unpaid bills, expired coupons, chocolate and dental floss, not to mention mounds of makeup and assorted other girl things? "Are there things we should never carry in our purse or wallet?" she says. "Certainly, bringing bags of bills along with me every day is silly. But seriously, could a cluttered purse or wallet cost you if lost or stolen?" Oh yeah, and No. 1 among those things that should be left at home with the bills is your Social Security card.
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