Archive for the ‘Commentary’ Category

My two cents on Suze Orman and her prepaid card

Wednesday, January 11th, 2012

Suze Orman needed to upgrade her leather jacket to a flak jacket tonight in a personal finance scrap match with personal finance bloggers over her new self-branded prepaid debit card.  The Approved Card is her own personally-branded prepaid debit card with what appears to be a decent package of tools ...

Yet another reason that lottery tickets are a waste of money

Saturday, January 7th, 2012

It's often said that the lottery is a tax on people who can't do math.  It's virtually guaranteed that you'll lose money playing the lottery regularly, because the more you buy, the closer you'll be statistically to the intended winning probabilities (i.e., losing more than winning).  Even casting lottery tickets ...

A moment of clarity from a cranky bank representative

Saturday, October 22nd, 2011

The Alexa Toolbar has some interesting headlines come across it.  It draws on Reddit fairly often.  The submitter for this article now has about 1600 net votes from describing their experience calling up a representative at a bank to contest their new monthly service fee. It's clear that the representative could ...

Should there be a ban on reward credit cards? Heck no

Friday, October 14th, 2011

Luke "Flexo" Landes of Consumerism Commentary has a guest post over at Wealth Pilgrim on whether the government should have a ban on reward credit cards. The post had the flavor of a thought experiment, and I'm not aware of any talk to implement this. Nonetheless, the thought of that idea ...