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• Why I turn down free money

  Posted Jul 31 2008, 06:19 AM by Karen Datko
  Filed under: Debt, Banking, Credit, Wise Bread
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  This post comes from Philip Brewer at partner blog Wise Bread.

  There are certain ways to get free money or free stuff simply by paying attention, keeping track, and being careful. I don't do these things. It's not because they don't work; it's not even because the risk-adjusted earnings don't pay for the time spent.

  It's because time -- and especially time spent paying attention -- is very precious. 

  The clearest example of the sort of thing I'm talking about is getting a cash advance from a new credit card with a 0% teaser rate. Slap that money in your high-interest savings account, pay off the loan when it's due, and you can pocket the interest. Borrow $100,000, and you could pick up close to $2,000 of free money in six months.   Read More...

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• What's the best way to get out of debt?

  Posted Jun 26 2008, 05:42 AM by Karen Datko
  Filed under: Debt, Banking, Credit, Wise Bread
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  This post comes from Linsey Knerl at partner blog Wise Bread.

  Debt is the hottest topic on personal-finance blogs around the world. Why? I would venture to guess it's because so many people are drowning in it.

  The unfortunate truth is that few people care to read about debt until it has already had a negative effect on their financial situation. This can make the final solution to their debt problems even more difficult to hear about.   Read More...

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