I Founded a Program for Compulsive Spenders. Here Is What Reselling Does to Your Finances.
Reselling on Poshmark started as decluttering. Now it is fueling debt. The founder of a spending recovery program explains the cycle and the way out.
Shopping
6 Out of 10 People Stressed About Holiday Spending
Quick Answer: An Experian survey found that 60% of consumers view holiday shopping as financially stressful, with 41% feeling obligated to spend beyond their means. Respondents plan to spend an average of $806 on gifts, with 49% relying on credit cards for nearly a quarter of their holiday purchases.Consumers may not feel so jolly once …
Online Shopping Tips For The Holiday Shopping On The Horizon
Quick Answer: The Federal Trade Commission recommends setting a budget, creating gift lists, and researching companies online to find better holiday shopping deals. Key strategies include using search engines with terms like “review” or “complaint” to verify retailers before making purchases.I feel it’s safe to assume that since Halloween is now over we can officially …
Amex Foursquare Credit Deals: Myth vs Reality
Quick Answer: American Express and Foursquare have officially partnered to offer location-based credit deals, marking credit card companies’ entry into social media check-in platforms. The collaboration builds on Foursquare’s evolution from a simple location-sharing app in 2009 to a deal-offering platform that rewards users for checking into businesses.It was only a matter of time before …
Digital Bank Robber Steals $500,000 In Bitcoins. Who Didn’t See This One Coming?
Quick Answer: Bitcoin theft refers to hackers stealing digital currency from users’ accounts, as demonstrated when one user lost 25,000 Bitcoins worth nearly $500,000. Bitcoin’s decentralized nature means stolen funds are difficult to recover since transactions bypass traditional banking protections. There are many things in the world that engage my well-known automatic body response of …
Financial Literacy Not a Band-Aid to Change All Factors for Smart Money Management
Quick Answer: Financial literacy alone cannot solve all money management problems, according to a 2011 University of Melbourne study that examined 243 reports across five categories. The research identified multiple social, psychological, and cognitive factors—including wealth, income, psychological biases, and behavioral economics—that influence consumer financial decisions beyond basic knowledge.The Centre for Corporate Law and Securities …
Saving Money with Groupon and Living Social Daily Deal Sites
Quick Answer: Daily deal sites like Groupon and Living Social offer significant local discounts, with savings ranging from 53% to 87% on restaurants, activities, and services. These 24-hour deals can sell out quickly but provide substantial value for entertainment and everyday needs like dental care or custom framing. Another fun and thrifty money saving tip …
Which Grocery Store Has the Lowest Prices?
Quick Answer: Walmart had the lowest prices among major grocery stores when comparing staple items like bread, toilet paper, milk, and soda across Walmart, Harris Teeter, Super Target, and Food Lion. However, the authors noted that the small savings may not justify Walmart’s crowded conditions and poor customer service experience. Two years ago today Steve …
Missing Dollar Signs: When They Help Stores Sell
Quick Answer: Removing dollar signs from prices helps stores increase sales, according to a 2009 Cornell University study showing customers spend more when prices lack the “$” symbol. The psychological effect makes prices appear less expensive, prompting retailers to adopt this pricing strategy in their advertising and store displays. I’m giving your reading muscles a …
