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  • Delayed gratification: 2 secrets to saving money

    Posted Apr 01 2008, 05:34 AM by Karen Datko Rating:

    This post comes from partner blog Blueprint for Financial Prosperity.

    It's been said that we Americans live in a world of instant gratification. We want the coolest gadgets and gizmos, the best food, the best cars, the best everything -- right this very second. We are impulsive, we are impatient and, most important of all, we fund our impulsiveness and impatience with lots and lots of spending.

    You know who else knows this? Stores. There's a very good and profitable reason why tabloids and candy bars are at the checkout aisles. (One of the reasons self-checkout kiosks haven't become ubiquitous is that you can't sell someone high-margin items like magazines and candy if they're busy checking themselves out. Plus, the machines always break for some reason.) Anywhere you go, you'll also likely see small items by the register like  trinkets or votive candles or whatever. 

    You know who else knows this? Salespeople. If you get a quote from someone to do work on your house, you'll often get a special one-day deal. You'll get an "awesome deal" that will be good only for the next three days. If you go into a store that sells furniture or other big-ticket items, you'll be offered six or 12 months of 0% financing if you buy today.   Read More...

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  • Last-minute vacations: Risk with rewards

    Posted Jan 29 2008, 06:35 AM by Karen Datko

    This post comes from partner blog Blueprint for Financial Prosperity.

    Four years ago my fiancee and I went on our first cruise ever, a four-night trip to the Western Caribbean in December that cost us about $300 per person, not including airfare. The cruise's port of call was Miami, and we were able to score cheap $70 tickets from Baltimore to Orlando. Both were burgeoning Southwest Airlines hubs at the time.

    We were able to find such a screaming hot deal  -- a cruise for under a hundred bucks a day is pretty sweet -- because we signed up for the cruise about a month before it set sail. It was one of those "last-minute" deals on Travelocity or Expedia (I forget which) and it was possible only because we were keeping our eyes out for a last-minute type of vacation.

    However, with the great reward of a good deal comes a bit of risk.   Read More...