Caught Between a Late Fee and a Payday Loan

Payday loans are bashed by consumer watchdogs because of the loan shark-like interest rates involved, which can exceed 450% when annualized. Nonetheless, the payday loan business is thriving, especially as consumers realize that an actual job is not required. The day your unemployment check arrives also counts as a payday, so if you’re collecting unemployment [...]

Cheapskate Wisdom from … Indiana Governor Mitch Daniels

“A fast-food meal costs most Americans more out of pocket than a visit to the doctor.”

It’s a Deal: 50% Off During a Sitewide Sale at Omaha Steaks

Knock at least half off filet mignon, sirloins, gourmet burgers, combo packages, and everything else sold by Omaha Steaks. The sale is on through March 4. More details here.

Shout Out: CBS Sunday Morning’s “The Money Issue”

I don’t know if it’s simply great story-telling, great story selection, Charles Osgood’s soothing voice, or what, but every week I find myself drawn into every quirky little segment shown on Sunday Morning, the 90-minute program that airs on CBS on (duh) Sunday morning. The show somehow covers topics ranging from male escorts to modern [...]

Warren Buffett’s Boring, Brilliant Wisdom

Warren Buffett is old. He can’t keep up with the times. He’s famously cheap, and wears dorky grandpa glasses and bad suits. Even his seemingly cool nickname, “The Oracle of Omaha,” sort of sounds like a hokey phrase coined in the Roaring ’20s, or perhaps in ancient Greece. But as he’s proved time and again—like [...]