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Citi Platinum Select / AAdvantage Visa Signature Card Review

Jason Steele — Fri, 24 May 2013 10:36:31 +0000

The promise of airline frequent flier credit cards relies on a premise — cardholders will actually be able to redeem a reasonable amount of their miles for award flights a reasonable amount of the time. Yet too many airlines have such poor award availability at the lowest mileage levels that customers feel rightfully betrayed by the airlines and the credit cards that offer their frequent flier miles. On the other hand, the Citi® Platinum Select® / AAdvantage® Visa Signature® Card offers American Airlines miles that are still somewhat easy to redeem.

How This Card Works

For each dollar spent, cardholders earn one mile in the American Airlines AAdvantage program, and double miles are earned on purchases from American Airlines. New cardholders also start off with 30,000 bonus miles after spending $1,000 within three months of opening their account.

Other Benefits

Citi and American are leading other airline credit cards by offering cardholders a broad array of non-mileage benefits. Cardholders receive priority boarding, a 25% discount on in-flight purchases, and their first bag checked for free. Customers also receive a 10% rebate on their award redemptions, up to 10,000 miles each year, and American offers cardholders reduced mileage awards starting at 7,500 miles.

Cardholders also receive benefits such as extended warranty coverage, lost luggage insurance, and retail purchase protection. In addition, this card is equipped with an EMV smart chip that makes it compatible with a growing number of unattended kiosks overseas.

Costs

Cardholders who carry a balance will incur interest at a rate of 15.24% APR. There is a $95 annual fee that is waived the first year, and there a 3% foreign transaction fee imposed on all charges processed outside of the United States.

Pros

The strength of this program rests on the foundation of the American Airlines AAdvantage frequent flier program, which is one of the best.

American's website efficiently searches for seats on American and many of its other OneWorld partner carriers, and it is much easier to find award seats at the lowest mileage levels than it is with competitors such as Delta. And with its announced merger with U.S. Airways, cardholders will eventually have access to award seats on that carrier as well.

Furthermore, this card features a healthy number of benefits. Cardholders who have yet to reach elite status in American's program will enjoy free checked bags and priority boarding, as well as reduced mileage awards.

Cons

Like all reward credit cards, this product has a higher interest rate than the most competitive non-rewards product. Therefore, those who need to carry a balance should look for a card with a lower interest rate and a promotional financing offer. Nevertheless, this can be a good card to have for its benefits, even if another card with a lower interest rate is used for most spending.

A word of caution is in order regarding award flights on American's partner British Airways (BA). BA imposes very large fuel surcharges on awards using American Airlines miles. In some cases, the surcharges on award tickets can be almost as much as the cost of a coach ticket. So while this may still make sense when traveling on BA in business or first class, cardholders should understand that award tickets on BA flights will be anything but free. Fortunately, American has plenty of its own flights to London cardholders can book award flights with other partners that do not require these onerous surcharges.

Finally, it is unfortunate that Citi still imposes a 3% foreign transaction fee, especially on a card offered in partnership with an international airline and equipped with an EMV smart chip. Customers who have another card without foreign transaction fees should probably leave this card at home as American Airlines miles are valuable, but not worth paying three cents each when making purchases outside the United States.

Who This Card Is Best For

This is a great card for customers of American Airlines that want to enjoy some additional convenience when traveling. But this card is also a good way to earn some additional miles that cardholders can use for award flights.

By continuing to offer a valuable frequent flier program, American Airlines and Citi make this credit card well worth carrying.

Click here to apply now.

Written by Jason Steele and published on Wise Bread. Read more articles from Wise Bread.

10 Self-Improvement Apps to Make You Smarter, Stronger, and Happier

Kate Luther — Fri, 24 May 2013 10:24:32 +0000

There is an old adage that says "if you do what you've always done, you'll get what you've always got."

In other words, change is good.

Of course, implementing real change in our lives isn't always easy. We are a culture of habit — equating the familiar with the warm and fuzzy concepts of safety and security, even if the "familiar" isn't necessarily good for us. As a result, we resist change as long as we can, all the while talking about it, wishing for it, and promising to do it tomorrow. (See also: 25 Healthy Changes You Can Make Today)

The solution is to find a way to introduce change gently, to incorporate it into our daily lives in a way that makes it as minimally invasive as possible, so that by the time we realize we've made a major change, it's already become a comfortable habit that we've learned to embrace instead of dread.

And as with so much else in life these days, there's an app for that. Several in fact, and I've listed some of my favorites here. Use them to introduce some small changes into your day and let the momentum carry you on to bigger and better things.

1. Simply Being

If mindset is truly the key to success, then this little app will help you open that door. Choose how long you want to meditate — 5, 10, 15, or 20 minutes — and then start your day with a guided meditation. You can also choose to add nature sounds and/or music to your meditation, as well as listen to just the music without the voiceover. Available for iPhone, iPad, Blackberry, Windows, and Android devices.

2. Duolingo

I've mentioned this app before, but I'm mentioning it again because it's definitely one you should have in your arsenal of mobile tools. Duolingo is a free app that gives you language lessons and in exchange, you help to translate the World Wide Web (when you're ready of course). Currently they offer French, Spanish, Portuguese, German, and Italian. I'm learning the first three simultaneously (which is a challenge) and absolutely love this app. Each lesson takes 8 to 10 minutes tops, making it easy to work into your schedule. The unique interactive interface almost guarantees that you remember what you've learned. The app is available for iPhone and Android devices, or you can use the web-based interface if you prefer to expand your horizons from your PC.

3. Workout Trainer

Okay, how many of you had "work out" or "get in shape" on your list of resolutions this year? And now, how many years has that resolution been on your list?

The problem with working out is that it's addictive...but you have to actually do it before the addiction kicks in, and getting over that starting hump isn't always easy.

Enter the Workout Trainer. This is by far the best workout app I've found to date. There is a pro version, but the free version offers more than enough to get you up and moving on a regular basis. Choose from a variety of workouts, add your favorite music, and you're ready to go. No equipment is needed, detailed instructional videos for each move are included, and you can connect with their workout community or share your progress via email and social media platforms. Available for iPhone, iPad and Android devices.

4. Nike+

The Nike+ app uses the GPS on your phone (no extra devices or plugins required) to track your workout and show your progress. I've started walking in the morning, taking my dog along with me as part of his leash training. It's a simple app, but effective, and I get excited when I hear the computerized voice tell me that I've reached my goal or when I see that I've knocked two minutes off my time. (Of course, that's probably because my 90-lb dog is pulling me faster than he did the day before.) You can "friend" other Nike+ users and see how you measure up, which is good for those of us who have a competitive nature. And did I mention it's free?

5. YOGAmazing

It's not always easy to make it to the yoga studio on a regular basis or, as in my case, to even find a yoga studio that's nearby. YOGAmazing is the solution to that problem, and you won't need a player or a studio to make it happen. The app includes 50 yoga sessions designed to increase your flexibility and bring a little body-mind-spirit balance. Each session is 25 minutes long, and you can favorite the ones you like best for easy recall. Available for iPhone and iPad.

6. Office Yoga

Can't get away for a full yoga session? Then use this app to do some beneficial poses at the office. The app includes 75 sessions, organized both by time of day as well as situation, so you'll find stretches you can do while on the phone as well as more invigorating exercises designed for your walk to lunch. Available for iPhone and iPad.

7. Lumosity

I'm sure you've seen commercials for this app by now, but I'm going to list it anyway, just in case.

Lumosity is a wonderful collection of brain games designed to test your mental acuity and give your gray matter a serious workout. There is a more comprehensive web-based version, but the app offers a free trial that includes five sessions of three games each and a pro version of the app for $9.99 per year. Even though the app version isn't as robust as the web-based version, it's still well worth the 10 bucks.

Use it daily to improve your memory, increase your observation skills, and just generally make yourself smarter.

8. Lifetick

Want to get more in touch with the "real you?" Lifetick offers a goal setting app that doesn't just track your progress, it also helps you establish your core values, i.e., what's really important to you. The result is that your goals become more personalized, and by using the SMART goal-setting method, you can track your way to success. There's also a journal feature and status widgets to help keep you inspired and on track. There's a free version available, and it's $20 a year for the pro version. You can also create a bucket list for your long-term future and you can share your goals with other members for extra motivation. Available for iPhone and Android devices.

9. Lift

If you want to start small, this is the app for you. Lift allows you to choose simple habits you'd like to implement — from flossing your teeth to going to bed before midnight — and then you can "check in" every time you perform that task.

The app tracks your progress and other users can give you kudos for your follow through to add to your feeling of satisfaction. Available for iPhone right now, but the website promises a web version is on the way — you can sign up for future updates to know when new versions are released.

10. Instinct

This last one is currently web-based only, but the creators say they're working on a mobile version, and it's just so darn cool, I felt like this list wouldn't be complete without it. Instinct is the new (and fun) way to learn guitar. It uses the built-in microphone on your computer to listen to the notes you play and correct you as you go. It can teach you both songs and riffs, and it also has a tuner to help you find that perfect pitch for each string. It's free and offers a range of lessons to suit both beginners and advanced players.

Incidentally, I regularly tweet about my adventure with change and love to cheer others for doing the same, so follow me on Twitter if you'd like to expand your support network, and we'll evolve together.

So, there's my list...do you have a favorite app or resource that helps you be all that you can be?

Written by Kate Luther and published on Wise Bread. Read more articles from Wise Bread.

Best Money Tips: Writing the Perfect Cover Letter

Ashley Jacobs — Fri, 24 May 2013 10:03:00 +0000

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some fantastic articles on writing the perfect cover letter, why gas prices keep going up, and retirement advice from real people.

The Top 10 DIY Jobs Homeowners Should Avoid

Paul Michael — Thu, 23 May 2013 10:38:36 +0000

Doing it yourself is a great way to save money. Home improvements and repairs can be costly, and any contractor you hire to do the job will mark-up prices on materials and labor. Some will also charge for an estimate, although that is rare these days.

So, with that in mind, and with the Internet being such a vast resource of free information, it's very easy to be tempted to do a lot of these expensive jobs yourself. However, you can soon find yourself out of your depth and spending even more money than the initial job would have cost to correct your own mistakes. (See also: 5 Household Fixes You Should Stop Paying Others For)

I talked to several professionals over the last few weeks, some of whom I have hired to work on my own home. They outlined a list of jobs that you should think twice about attempting. Of course, if you're a skilled handyman or handywoman, or have experience doing particular repairs, go ahead and do your thing. But if in doubt, get a professional out.

1. Roof Repair

We recently had to replace the whole roof due to hail damage. Insurance picked up the $12,000 tab, but there's a reason it costs a lot of money to repair or replace a roof. It's time-consuming, it's labor-intensive, it takes a lot of people, it's dangerous, and it can mess up your whole house if you do it wrong. If it's replacing one or two shingles, and you are confident you can do the job well, that's one thing. But any major repairs you should leave to the pros. A roof should last 20 years or more; it's worth the investment.

2. Tree Removal

Big, bad tree taking up too much of your yard? Well, think twice before pulling that sucker out.

If it's a large tree, you need to know exactly how to make it fall in the right direction. One false move and you have a tree in your bedroom. If you do manage to plan it correctly, and it falls just where you want, you now have a stump to remove. A huge, heavy stump with a root system that could spread 20 to 40 feet. After all that heaving and pulling, probably with a truck, you now have a very heavy stump to haul away, plus the rest of the tree. Is it worth it? Nope. Hire a tree service; they do this daily and they're reasonably priced.

3. Structural Improvements

Most people know about load bearing walls. They may not know exactly how to handle them though, and if you don't do it right, your whole house is at risk. But even if you avoid the load bearing walls, you still have other walls to deal with that contain water and gas pipes, electrical wiring, and ductwork for the HVAC system. If you're planning on taking out a wall or two, plan to bring in the professionals.

4. Major Plumbing or Electrical Work

If you have a blocked toilet or a leaky faucet, don't pay big money on a contractor when you can do the job in a few minutes. Similarly, installing a new ceiling fan or light is no big deal either. But when it comes to anything that involves rerouting pipe work or significant rewiring, don't save a buck and do it yourself. This requires the work of professionals, and when you consider the house could burn down or be flooded by your actions (not to mention you could kill yourself in the process) it's not worth the risk.

5. Installing New Windows

My wife wants a new window in our bathroom. Well, she wants a window in our bathroom period. There isn't one in there right now. I'm tempted to do it myself; it would be so much cheaper. You may feel the same way, too. But when you consider you are literally cutting a huge hole in the side of your house and have to make sure it is safe and watertight, is it worth saving the money? What if you don't get it quite right, and the window falls out? It could kill someone. Even a small mistake could result in serious damage to your home and the contents. Hire a contractor.

6. Attic Insulation

What? Just throwing a bit of insulation in the attic? No worries. Well, think again. If you don't know which type of insulation to use, how much to use, and where to put it, you can actually create new problems. These include improper ventilation, home overheating, and even wood rot from moisture buildup. And if you don't watch your step, you could come right through the ceiling. If you feel confident and have done your research, you could give it a try. But I would recommend a professional service.

7. Replacing Exterior Siding

A little piece here or there, well, that's something you could attempt to do if you consider yourself handy. But the whole house? If the siding on your abode is looking past its prime, it will take a serious amount of time and knowledge to replace it. This is what is considered a major DIY task, and one most homeowners know better than to take on. Remember, this is not just making your home look good; it is protecting it from the elements. Mess this one up and you can severely impact the value of your home and its ability to stand up to the elements.

8. Gutter Repair or Replacement

At first glance, it seems easy enough. A few screws here and there and you're done. Easy. But consider this — the guttering system is directly linked to the roof, and it is virtually impossible to repair it without impacting that roof. It's also tricky work, done on a long ladder with limited stability. It should certainly not be attempted alone. But save yourself the headache and the risk of injury to yourself and damage to the roof. Call the pros.

9. Basement Finishing

If you have an unfinished basement, you have probably already thought about the option of getting it transformed into a livable space. No doubt you have even looked into the costs and cried a little. It is expensive. And there's a reason for that. It takes time, planning, and a lot of experience.

I have a friend who just finished his basement remodel. He started it five years ago. He said he's probably spent twice what it would have cost to get it done by a professional firm, taking into account his own time, the amount of mess-ups he had to replace, and the "money" he spent learning on the job. This is a massive undertaking. Some call it an adventure, others, a potential nightmare. And if you do it wrong, you may have to pay someone to rip it out and redo it. Unless you have some major DIY chops, a stockpile of equipment, and a lot of friends who can help, give this one a very wide berth.

10. HVAC Systems

HVAC, if you don't already know, stands for Heating, Ventilation & Air Conditioning. This is complicated stuff. Your air conditioner, your furnace, your boiler, the ductwork, the electrics, the pipe work — it goes on and on and on. You may know a few things about HVAC, but certainly not enough to rival the professionals who do this for a living. This is what makes your home livable. It keeps you warm in winter and cool in summer, and if it's done wrong, it can seriously mess up your home's value. This is not something you want to tackle, even if you consider yourself fairly handy.

That's my top 10 DIY jobs homeowners should avoid. Did I miss anything? Is something on this list that you believe is easier than I've made it sound? Let us know in comments!

Written by Paul Michael and published on Wise Bread. Read more articles from Wise Bread.

5 Ways to Save Money on Braces

Ashley Watson — Thu, 23 May 2013 10:24:31 +0000

The average cost of standard orthodontic treatment is approximately $5,000. This could be a little less or more depending on where you live and the severity of the case. Whether it's for your child or yourself, this is no small investment. That's why it's important to make sure that you get quality care and understand ways to keep extra costs to a minimum. My mother has worked as an orthodontic assistant for over 30 years, and during that time, she's seen a lot of patients who had to pay more than necessary due to neglecting some simple preventive maintenance and care. (See also: How to Examine Your Healthcare Plan and Save)

While there's no way to reduce the overall estimated cost without sacrificing quality, there are plenty of ways to ensure that you aren't paying more than you need to on braces for yourself or your child. Educating yourself as a patient or educating your child about how to properly care for your braces is only part of maintaining the cost-effectiveness of orthodontic treatment.

1. Go for Early Treatment

Even if you think your child may be too young for that first trip to the orthodontist, there may be issues that can be detected and prevented with early care. With a comprehensive plan and early diagnosis, an early visit could help prevent future issues that may be more difficult to treat. As soon as your child starts losing baby teeth, ask your dentist to recommend an orthodontist in the area.

2. Visit a Board Certified Orthodontist

It may be tempting to let a dentist put braces on you or your child because dentists who claim to be certified to do so will typically charge less than orthodontists. However, dentists are not fully trained to provide orthodontic treatment. Make sure you see a board-certified orthodontist. If you get braces put on by an unqualified professional, you may be paying a lot more in the end for more treatment. This also means potentially having to go through round two of braces, which is something most people would not look forward to.

For those reasons, it's also important to see a reputable orthodontist. Ask friends, neighbors, and coworkers for recommendations, or go to an online review site, such as Angie's List or Yelp. Read as much as you can about what other people write about orthodontists in your area. It doesn't hurt to visit a few different offices for consultations. Most orthodontists will offer free consultations. It may come down to going with someone who has the best personality or a larger staff, which indicates that they are probably a trusted service provider due to having to serve a larger patient base. A well-staffed office also means you will have more flexibility in scheduling appointments.

3. Ask About Payment Plan Details

Once you've chosen an orthodontist you like, be sure to ask for the details about their payment plans and make sure you understand them. Many orthodontists will offer a no interest plan with a down payment. For instance, if you put down one-fourth of the overall cost, you may get 24 months without interest. Just like with any credit card, there will be larger payments along with interest without a down payment.

If your orthodontist doesn't offer a payment plan, there are credit companies that offer financing specifically for orthodontics. Springstone is one of the major companies, but you can easily find one by searching the web. Also, ask your orthodontist to recommend a credit company that provides financing for braces. Most likely, they probably have a credit company that they work with already.

4. Encourage Brushing and Proper Care

Whether you or your child is the patient, poor brushing habits can lead to cavities and permanent markings. This will cost you more money for dental work and restorations in the end. Be sure to ask your orthodontist for tips on how to properly brush your teeth with the challenge of having braces. Also, only eat what is recommended to help prevent damage. This could end up costing a lot of extra money, and not just in labor costs.

Some orthodontists will charge for loose or broken brackets and bands, which can be costly if the problem recurs. Don't pay more money in frequent trips to the orthodontist to get something fixed. Avoid eating things like popcorn, ice, and sticky and hard candy, and also avoid chewing on pens and pencils. Also make sure you read your contract carefully and understand all the policies about wearing rubber bands, brushing, keeping your appointment, etc.

Keep in mind that broken appliances will cost you a lot more than regular treatment. Most orthodontic treatment will include the first retainer in the overall cost, but it can be $175 or more to replace one that was lost or damaged by misuse. Lost retainers are common. Kids tend to accidentally throw them away in the cafeteria at lunch because they put them in a napkin. Keep the case around to avoid losing a removable retainer.

5. Orthodontics Are Not Just Cosmetic

If you think you are spending a lot of money on a cosmetic treatment, keep in mind that orthodontic treatment is part of prevention for a number of medical concerns, such as jaw joint and muscle disorders (TMJ and TMD). Even tooth decay can be caused by teeth that are too close together and do not allow for proper flossing. Another tip during your search for an orthodontist is to ask about ongoing care. Is it included in the overall cost? Do they use permanent retainers as well as removable ones to keep the teeth in place?

These are important questions to ask before you sign anything. If there's no ongoing care, then you may end up paying more in the long run to go to another orthodontist for further treatment. Overall, make sure you know what you are getting into and that you are clear on the cost of treatment and what extra costs can be incurred throughout the treatment.

How have you saved money on orthodontic care?

Written by Ashley Watson and published on Wise Bread. Read more articles from Wise Bread.

Best Money Tips: Budget Travel Tips You Haven't Heard

Ashley Jacobs — Thu, 23 May 2013 10:00:31 +0000

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on budget travel tips you haven't heard, how to stop living paycheck to paycheck, and how today's grads can beat the odds.

The 5 Best Dryers

Jeffrey Pu — Thu, 23 May 2013 09:48:33 +0000

After looking at the list of best available washers, it’s only natural to dig into possible dryers to accompany your new washing machine. Buying a dryer is generally a simpler process than purchasing a new washer. The main differences to look for are how the machine heats the air and how they determine when your clothes are dry.

What Is a Dryer?

A dryer is a cleaning appliance used to remove moisture from clothing that has just been washed. Dryers work by having heated air circulated through a rotating tumbler. Dryers can heat the air in one of two ways — by gas or electricity. Gas dryers are typically a bit more expensive than electric ones; however, long-term fuel savings usually make up for the additional cost. The other factor to consider when purchasing a new dryer is how the machine determines when your clothes are dry. Traditionally, dry time has been determined through the use of a thermostat, but newer dryers come equipped with a moisture sensor that is more accurate, thus saving energy as well as being easier on fabrics.

Best 5 Dryers

Samsung DV456GWHDWR

Considered a Best Buy from Consumer Reports, the Samsung DV456GWHDWR comes equipped with a moisture sensor and a large capacity tumbler, and it is relatively quiet. Other special features include custom programs that give you further drying options and a drum light to help you find missing clothing. Currently $1,069.49 on Amazon Marketplace.

Samsung DV520AEP

Recommended by both Consumer Reports and Good Housekeeping, the Samsung DV520AEP also excels at drying both medium and large loads quickly and evenly. Aside from the usual high-class dyer features such as a moisture sensor, electronic controls and quiet operation, this Samsung model also has a capable steam cycle that works well to de-wrinkle clothing. Currently $1,433.00 on Amazon.

Maytag Centennial MGDC300XW

Considered an excellent budget dryer, this Maytag Centennial doesn’t have all of the bells and whistles of some of the other models featured here, but it does contain the most important one: a moisture sensor. Aside from that, it features traditional dial controls and an interior light. Users praise its drying performance, carrying capacity, and value. Currently $699.00 at Home Depot.

Whirlpool WED4900XW

Another well-reviewed budget dryer, the Whirlpool WED4900XW also comes equipped with a motion sensor, which many agree is its most important feature. This dryer also comes with wrinkle prevention, drum light, and 13 cycle settings. Although it doesn’t perform as well in terms of noise level, its overall drying performance has been well-reviewed. Currently $574.99 on Amazon Marketplace.

Maytag Bravos X MGDX700AG

Another Best Buy from Consumer Reports, the performance of the Maytag Bravos X MGDX700AG is comparable to the other top models featured in this article. The moisture sensor, excellent drying performance, and quiet operation have been tested through consumer research experts. Currently $969.99 on Amazon Marketplace.

And there you have our recommendations for the best five dryers. Be sure to check out the Wise Bread Shopping Calendar to learn when and how to buy just about anything!

Written by Jeffrey Pu and published on Wise Bread. Read more articles from Wise Bread.

Join Our Tweetchat on Thursday 5/23, 12pm PST for a Chance to Win $300 in Prizes!

Ashley Jacobs — Wed, 22 May 2013 22:56:46 +0000

Join our Tweetchat this Thursday at 12:00 p.m. Pacific/ 3p.m. Eastern for lively conversation and a chance to win a $200 gift card or one of two $50 gift cards! Use #WBChat to participate.

This week's topic: Credit Usage: Men vs. Women! Learn who has better credit scores, higher levels of debt, and who is more likely to miss mortgage payments between men and women. Tell us how often you use your credit cards and what you think everyone can do to improve their financial standing!

For an easy way to keep track of the conversation, try using our special Tweetchat Chatroom.

Anyone can participate, but you must be following @WiseBread and RSVP below to win our prizes!

First place: $200 Amazon GC
Second place: $50 Amazon GC
Third place: $50 Amazon GC

Winner must be US resident 18 or older. Winners are randomly selected and announced within 1 day of the chat.

To make it easier for us to keep track of attendees and pick our winners, please RSVP below with your twitter ID (put that in the "Link Title" field), email address, and your twitter URL (put that in the "URL" field, do not put your blog's url in there). Winners will be selected at random from RSVPs. If a winner is chosen who RSVPed but did not attend a 2nd winner will be chosen.

This Week's Chat is Sponsored by Experian

This week, Experian is sponsoring $300 in prizes for our chat! They will be joining our chat (tweeting from @Experian_US) and sharing statistics from their recent analysis on credit usage differences between men and women! Details on their analysis including an infographic can be found at LiveCreditSmart.com.

More About Experian

Here's a message from our sponsor:

“At Experian, we’re working to promote greater financial health and opportunity among consumers by helping them understand, manage, and protect their personal information. The Great Credit Divide study highlights the financial differences between men and women and is an opportunity for consumers to better understand how credit works so they can make informed financial decisions. If you’re interested in learning more about the Great Credit Divide study and how you can build a great credit history – check out www.LiveCreditSmart.com. You can join our Wednesday credit chats at 3 p.m. EST on Facebook.com/ExperianUS and Twitter @Experian_US ( #creditchat) with our credit experts Maxine Sweet and Rod Griffin to get your specific questions answered too. “

New Parenting Chat Immediately Before #WBChat

Our sister blog Parenting Squad (@ParentingSquad) will be hosting a parenting chat every Thursday at 11:00 am Pacific. Drop by for fun parenting conversations and a chance to win prizes! Use #PSChat to participate.

Written by Ashley Jacobs and published on Wise Bread. Read more articles from Wise Bread.

5 Reasons to Travel Off the Beaten Path

Tisha Tolar — Wed, 22 May 2013 10:36:35 +0000

Traveling has been a passion of mine, but growing older and raising a family doesn’t allow for as much downtime as I had in my 20s. However, we still make every effort of getting out of town and visiting new places. (See also: Housesit on Your Next Vacation)

We don’t often schedule trips to world-famous tourist destinations. We prefer to travel off the beaten path, selecting locations that will not be swamped with annoying tourists or priced completely out of our range. To date, Maine has been one of our favorite locations to visit, even though we went to a small area and rented a cabin in the middle of nowhere. Actually, the privacy was one of the reasons our Maine trip was the best. We had an entire ocean cove to explore with access to a rocky shore and no one bothering us. A short drive brought us into a small harbor town that was fascinating to explore despite the lack of traditional tourist traps.

Since our vacation to Maine a few years back, we have come to appreciate the many benefits of the vacations less taken. Here are five reasons you might consider traveling where the rest of the world doesn’t.

1. Discount Attractions

Lots of places have great things to see and do that aren't well known outside of the region. It’s all about finding a place related to what you love or love to do and doing some research.

If you like the water, find an out of the way beach location or other body of water. Boat rentals may be less expensive and beaches less crowded, and you can truly relax especially with family in tow. Many places will promote their small business tourism with big discount attractions that can really make travel affordable and fun. You should plan ahead by visiting the local community pages for activity information and coupons. The larger, more popular attractions often have no problem getting business and provide very little in the way of discounts and deals.

2. More Lodging Amenities

If you typically go to the same big-time tourist spots each year, you know the competition for hotel bookings can be tough. When you go to a less-traveled location, you often get much more for your money without stiff competition. Lesser-known locations may also offer several options for your lodging comfort including bed and breakfasts and private home rentals that are more reasonably priced and more accommodating.

3. More Privacy

There are people that enjoy the hustle and bustle of popular spots, but there are also many who travel to get away from all the noise. Our family always rents homes for affordability and for convenience. We don’t have to worry about being too loud for the neighbors and vice versa. Traveling with kids also means we find places with a backyard or private swimming pool, so we can kick back and enjoy without dealing with crowds and partiers.

4. More Downtime

When you don’t have to constantly worry about the crowds, you can spend more time actually enjoying your day — and your fellow travelers. Without a dinner rush to beat, you have more time to explore a new place and do things as you feel like doing them, rather than be concerned with what the herds of people are doing and where they are going. Traveling should be about doing things at leisure, not rushing around through the days and missing the actual fun.

5. Less Stress

Especially when traveling with kids, it can be highly stressful to constantly worry about a child’s safety in big crowds. When venturing in a quieter, private setting, kids can have a little more freedom to explore and parents can relax. Absorbing a community’s culture can also be very rewarding. You get to learn about new places, histories, and the community at large in a more relaxed environment. Many places offer great food selections that can’t be found elsewhere. There can be a lot to look forward to visiting an out of the way location.

For added benefits, consider traveling to off-the-beaten path locations that are still close enough to the larger attractions you are interested in. You can spend a day in a more chaotic environment and still have the advantage of a nice, comfortable place to relax for the rest of the time.

To what off-the-beaten-path locales have your travels taken you?

Written by Tisha Tolar and published on Wise Bread. Read more articles from Wise Bread.

8 Ways to Buy Jeans on the Cheap

Mikey Rox — Wed, 22 May 2013 10:24:31 +0000

There was a time — mostly when I was in high school and college — that I would drop serious coin on new jeans (ironic, because I had no money in those days). The average cost of my jeans back then was about $70 a pair, but I’ve spent upwards of $120 on premium denim in the past. As I’ve gotten older, however, my affinity for the trendiest clothing has waned. Now I try to shop smarter, buying long-lasting, classic pieces that neither go out of style so quickly nor cost an arm and a leg. (See also: 10 Steps to Update Your Look on a Budget)

The jeans I buy now are more function than fashion (although the latter is still important to me). With that in mind, I have to scour every sale, clearance rack, and bargain bin to find jeans that suit my budget and my taste. Cheap jeans are out there, for sure — you just have to know where to look. Thus, here are eight places that I frequent when I’m on the hunt for new jeans.

1. Warehouse Sales

I’ve been to two warehouse sales — one at the legendarily expensive Barney’s New York, the other at Housing Works, which is essentially a high-end thrift shop.

Barney’s annual warehouse sale runs for about 10 days and begins with already steep discounts on designer clothes, but if you wait until the tail end of the sale (this goes for any warehouse sale, by the way) you can score normally expensive duds for up to 90% off. The pickings will be slim at that point, but there’s still a little something left for everyone who doesn’t mind digging through a chaotic mess of clothing. Personally I enjoy it, and my passion and dedication awarded me a pair of $400 jeans for $40.

The Housing Works sale wasn’t focused on designer clothing — although there are lots of great items in the mix — but rather a hodgepodge of second-hand items. This sale provides customers with big brown paper bags that they can fill to the brim for $25. I got mine for $10 with a Groupon, however, making my takeaway even better. I found an amazing pair of jeans at that sale that I looked up online afterward that originally retailed for $150. Not bad for an hour’s worth of work. If you’ve ever been to a warehouse sale, you know what I’m talking about.

2. Discount E-Tailers

As someone who likes shopping but also saving money, I’m always looking for new ways to save. I frequent discount e-tailers like JackThreads and Gilt Man because of their diverse selection of items, but I’ve recently discovered 20Jeans, another discount site (primarily for men, mind you) that sells designer jeans (and shorts, too) for $20. I recently copped a pair of dark denim that I fell in love with upon first wear. An amazing fit at the right price is the recipe for making me a return customer.

3. Thrift Shops

I’ve been a fan of thrift shops since my early teens, visiting my local shop almost weekly with my friends to nab newly added items. What I love most about thrift shops is that there are a wide range of sizes and styles from which to choose, which is not always the case if you’re shopping new clothing. I can’t say that I’ve purchased jeans from a thrift shop (I may have — just can’t remember for sure), but I have purchased pants including corduroy, camouflage, and snow pants at thrift shops. I didn’t spend more than $7 on any of them.

4. Outlets

Outlets are already discounted fairly steeply compared to their full-price retail counterparts, but there are two tricks that I like to employ to land even better deals. The first is visiting the customer service center and picking up a coupon book — most outlet malls have these — and the second is timing my shopping trip to coincide with a holiday or end-of-season sale. I see this tactic as three times the savings, which means that I stock up on three times as many new jeans.

5. Clearance Racks

I don’t mean to be biased against other retailers, but I think the Gap always has a good selection of jeans in its clearance rack. So I can personally recommend that store. Otherwise, any store I go into, I head straight for the back where I rummage through the clearance racks to find a new pair of pants, the price of which has been dramatically slashed.

6. Yard Sales

It’s a bit harder to find the perfect pair of jeans at a yard sale because of the limited selection, but if you do stumble upon a pair that you have to have, you can be sure that this will probably be the cheapest pair you’ll buy. I’m talking $5 or less. Depending on your area (city folk drive harder bargains), you may even be able to walk away with a new pair of old jeans for less than $1. Schedule a ride around in your town on a Saturday and Sunday and see what you can find.

7. Friends & Family

Did somebody say free jeans? That’s right — if you have a nice friend or family member getting rid of clothes, you can score new jeans at absolutely no cost.

I clean out my closet twice a year, and before I send my clothes to charity I always give my friends and family the first look. Usually they take my whole stash, which I prefer. Not only am I giving the items to those I love, but the process saves me a trip to the thrift shop to drop off my donation. You can also consider a clothes swap with your friends or family where you each clean out your closet and offer up the unwanted items to each other. Everybody wins in that situation — as long as you like each other’s style and wear similar sizes, of course.

8. eBay

If you really have a passion for designer jeans — and I know some of you reading this do — eBay may be a good option for you. Selection runs the gamut from top-of-the-line trendy denim to classic faves to vintage finds, but in theory they can all be snagged for the lowest bid. Some of the listing have "Buy It Now" options, which may or may not be a good deal, so I recommend sticking to traditional bidding while minding your budget. There’s no point in going bid-crazy and paying top price for a pair of jeans you could have bought for less at the mall, after all.

Have you scored great deals on jeans? How did you do? What suggestions do you have? Let me know in the comments below.

Written by Mikey Rox and published on Wise Bread. Read more articles from Wise Bread.

Best Money Tips: Writing a Craigslist Ad That Sells

Ashley Jacobs — Wed, 22 May 2013 10:00:32 +0000

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on writing a Craigslist ad that sells, things to spend your money on other than gas, and breathing life into stale bread.

Choosing the Right Mortgage Loan: 15 or 30 Years?

Miranda Marquit — Wed, 22 May 2013 09:48:31 +0000

When my husband and I decided to refinance our home earlier this year, we were faced with the major decision all home loan borrowers face — 15-year mortgage or 30-year mortgage?

Whether you are buying a home for the first time or whether you're an old pro at the refinancing game, you need to determine whether it makes more sense for you to get a 15-year mortgage or a 30-year mortgage. (See also: The 7-Year Mortgage: Take It or Leave It?)

While you will also need to decide whether you want a fixed rate loan or an adjustable rate loan, the first big decision you make has to do with the length of your mortgage term.

In the end, the decision is usually made based on monthly cash flow.

15-Year Mortgage

The biggest advantage of the 15-year mortgage is that you can save money over the life of your home loan. Not only do you have the loan for a shorter period of time, but you also usually have a lower interest rate.

Consider a $200,000 loan. A 15-year mortgage has a rate of 2.6% fixed, and a 30-year mortgage has rate of 3.4% fixed. This calculation doesn't include PMI, taxes, insurance, and other costs that might come with a mortgage.

With a 15-year mortgage, your total on that loan would be $241,742.46. The total on a 30-year mortgage would be $319,306.49. You can see that you save a great deal by choosing a 15-year mortgage. Plus, you pay off the mortgage much faster. It can be a great choice for someone who is interested in saving money and paying off the house as soon as possible.

The main downside with a 15-year mortgage is that you have a higher mortgage payment.

In our scenario above, the 15-year monthly payment is $1,343.01. That, of course, doesn't include your other costs, from property taxes and insurance to utilities and maintenance. Compare that to the $886.96 monthly payment that comes with a 30-year mortgage.

30-Year Mortgage

30-year mortgages are popular mainly because they are more affordable on a monthly basis. When you get a 30-year mortgage, you can usually shave off between $300 and $500 a month, depending on the interest rate and the size of the mortgage.

For someone just starting out, a 30-year mortgage is desirable because it makes the home more affordable. Many couples buying a first home have a hard time affording the monthly payment associated with a 15-year mortgage.

Payment Flexibility

Another advantage of a 30-year mortgage is that you have a certain degree of flexibility — even if you can afford the payments associated with a 15-year mortgage. When my husband and I refinanced our home, we decided to go with the 30-year mortgage, in spite of the fact that we could afford a 15-year loan. We realized that we have a certain amount of payment flexibility with a 30-year loan. This is comforting, since our income is variable.

We can make 15-year loan payments with our 30-year mortgage. So, even though we have a lower monthly payment, we can pay more each month, applying the extra toward the principal. If you are interested in paying off your loan as quickly as possible, there is nothing preventing you from making payments as though you have a 30-year loan. If you run into financial trouble, you can stop making your extra payment, and return to the payment that you agreed to.

With a 15-year mortgage, you are stuck with that higher payment — no matter what. If you miss payments because of financial difficulty, you run the risk of foreclosure. If all you need is $300 or $400 of breathing room for the month, and you are used to making 15-year payments on your 30-year mortgage, you have that option to cut back without jeopardizing your credit rating or your home.

How to Decide Which Mortgage to Get

Whether you choose a 15-year mortgage or a 30-year mortgage, it's important to make sure that you can handle your payments right now. Even the lower payments associated with a 30-year mortgage can be a problem if the mortgage is just barely affordable for you.

In some cases, it's a straightforward look at the numbers. Can you afford the monthly payment with a 15-year mortgage? If not, you have little choice but to go with the 30-year mortgage. You can refinance to a 15-year mortgage, with a lower rate and a higher payment, after your income situation improves.

However, if you have income flexibility, weigh the pros and cons. Decide what is most important to you. If paying off your mortgage as quickly as possible is the most important consideration to you, a 15-year mortgage will force you into disciplining yourself to make those payments. At the same time, though, a 30-year mortgage can allow you the same ability (just make extra payments) while providing you with a level of flexibility in your payments.

Another consideration is whether or not you really need to pay off your mortgage so quickly. While it sounds nice in theory to pay off your mortgage in 15 years, while building up equity, for many that isn't a particular concern. This is especially true in a low interest rate environment like we are experiencing right now. If you can lock in a low interest rate for 30 years, and then invest the money you are saving each month over the 15-year payment, you can actually come out ahead, depending on market conditions.

Bottom Line

For those who want to maintain cash flow flexibility, the best option is a 30-year mortgage. A certain amount of peace of mind comes with a 30-year mortgage, too, since you know that you might be able to handle a payment if an emergency strikes. However, if you want to lock in a lower interest rate, paying less and getting out of your mortgage sooner, a 15-year mortgage might be the better choice.

What do you think? 15-year or 30-year? Why do you have the mortgage that you do?

Written by Miranda Marquit and published on Wise Bread. Read more articles from Wise Bread.

Ask the Readers: What Summer Activities Do You Love?

Ashley Jacobs — Tue, 21 May 2013 10:37:08 +0000

Summer is almost here! It's the season of beach trips, barbecues, and outdoor concerts under the stars. And heat waves, sure, but we'll save that topic for another Ask the Readers. This week, it's all about the fun stuff!

What summer activities do you love? Do you prefer to be under the sun or out of the heat? Does your family have any summer traditions — road trips, pool parties, or outdoor dinners? What special activities have you planned for this summer?

Tell us about the summer activities you love and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We're doing three giveaways — here's how you can win!

Mandatory Entry:

Post your answer in the comments below. One commenter will win a $20 Amazon Gift Card!

For extra entries:

You can tweet about our giveaway for an extra entry. Also, our Facebook fans can get an extra entry too! Use our Rafflecopter widget for your chance to win one of the other two Amazon Gift Cards:

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If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.

Giveaway Rules:

Contest ends Monday, May 27th at 11:59 pm Pacific. Winners will be announced after May 27th on the original post. Winners will also be contacted via email.
You can enter all three drawings — once by leaving a comment, once by liking our Facebook update, and once by tweeting.
This promotion is in no way sponsored, endorsed or administered, or associated with Facebook.
You must be 18 and US resident to enter. Void where prohibited.

Good Luck!

Tell us about the summer activities you love and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Written by Ashley Jacobs and published on Wise Bread. Read more articles from Wise Bread.

25 Reasons to Get Out of Your Office Chair

Ashley Watson — Tue, 21 May 2013 10:24:47 +0000

Many of us work in jobs where we feel chained to our desks. Studies have shown that sitting and staring at the same screen all day is not only bad for our cardiovascular health, posture, and weight control, but it can also adversely affect our mood and stress levels. Even if you work at home, you may stay glued to a computer screen for hours on end. At my office, there are no windows in the marketing department, and the lack of natural light in our area has initiated a quest to find more excuses to leave my desk several times a day. Otherwise, I feel stressed and tired all the time. (See also: Healthy Workplace: 10 Ways to Make a Cheap Standing Desk)

Stress can be a huge factor in a person's general health. In fact, according to the National Geographic documentary "Killer Stress," work stress can affect many aspects of your health, from obesity to a compromised immune system. Avoiding work-related stress can be as simple as making sure you get away from your desk at least a few times a day.

If you're looking for reasons or excuses for getting away from the cubicle or even your desk at home during the day, here are 25 reasons to get up and move around while you are working.

At the Office

If your boss or anyone asks about why you're spending so much time away from your desk, explain that frequent activity helps relieve job stress and increases productivity.

1. Fill Your Water Bottle

Try using a smaller water bottle so that you will get up more often to fill it. This will get you moving more often, and give you the added benefit of drinking more water.

2. Stretch

Take one to five minutes to stand up and do some stretches.

3. Take a Short Walk

Take a walk around the building, or go outside and walk around to get some fresh air and sunshine.

4. Use the Restroom

How many times have you become so focused on a project that you forgot to pee? Make sure you go when you need to, which helps you get moving and supports kidney health.

5. Take a Fresh Air Break

When your coworkers who smoke get up to have that afternoon cigarette, go outside for a "fresh air" break instead of a smoke break.

6. Take a Screen Break

Take a minute to look at something other than your computer screen. Walk over to a window to stretch or look at a magazine.

7. Eat a Snack

Don't be tempted to use this one as a counterproductive excuse to eat a bag of chips from the vending machine. Bring healthy snacks to work, such as fresh fruit or nuts, and keep them in the kitchen or break room so that you have to leave your desk to get a snack.

8. Visit a Coworker

Instead of sending an email or instant message, walk over to your coworker's desk to ask a question or discuss a project.

9. Find a Longer Route

Is the nearest water cooler right across from your desk? Fill your water bottle at a cooler located in another part of the building.

10. Take Advantage of Company Health Initiatives

Many companies will offer health initiatives, such as walk-a-thons or access to a fitness center at work. Use them.

11. Buy a Pedometer

If your company doesn't offer health initiatives, challenge yourself to walk a certain number of steps every day. Increase the number as you meet each goal.

12. Don't Skip Lunch

While this is tempting to do (I often do it myself), it's important to take real breaks to avoid burnout. Don't eat at your desk. Find a picnic table outside, or ask other coworkers if they want to eat with you in the break room. If you are on a budget, it's OK to splurge occasionally and treat yourself to going out for lunch.

13. Use Your Laptop

If your office has wireless, take your laptop outside or to a naturally-lit area.

14. Take the Stairs

When you have the option of taking the elevator or stairs, choose the stairs.

15. Take the Call Elsewhere

Use your cell phone for business calls if possible. Go outside and walk around during the call.

16. Walk to Work

This may not always be possible, but walking or biking to work will give you an energy boost at the beginning of the day, which makes it easier to find the energy and excuse to get up from your desk to move around throughout the day.

17. Improve Your Posture

Even when you are at your desk, it doesn't mean you have to contribute to poor posture. Pay attention to the way you sit and even type. Make sure you aren't slouching, and stretch your hands and back occasionally to avoid cramping.

18. Get an Office Buddy

Find a coworker who is also concerned about maintaining optimal health in an office environment. Check in with each other to see if you are meeting your goals, or have a certain time of day that you go for a short walk outside.

19. Set a Timer

While a lot of these suggestions may seem easy on paper, it can be difficult to remember getting into a habit, especially if your job requires high levels of concentration. Set a timer for a few times a day for breaks and stretching.

20. Make Deliveries When Needed

If you are preparing for a meeting that requires a printed agenda, offer to make photocopies for everyone attending the meeting.

At Home

If you work from home, it may be a little easier to find excuses for a screen break. In addition to the suggestions above, here are a few suggestions to continue the list.

21. Wash the Dishes

They won't do themselves, anyway.

22. Take the Dog for a Walk

Spot needs exercise, too. Plus, a tired dog is a well behaved dog and less of a distraction when you're trying to work.

23. Clean Up Your Desk Area

If your home office is like mine, this task may require more than a short break.

24. Run an Errand or Get the Mail

It's easy to let personal tasks crowd out professional ones when working from home (they both feel like work, after all), so don't run too many errands during your screen break.

25. Take Your Phone Call Outside

Take your call out to the backyard or a private patio to get the benefits of a desk break, without the noise and distractions of the neighborhood.

What are some of the reasons you use to get out of your chair during the work day?

Written by Ashley Watson and published on Wise Bread. Read more articles from Wise Bread.

Is DIY Home Renovating for You?

Camilla Cheung — Tue, 21 May 2013 10:00:32 +0000

The DIY movement has really taken off in the last couple of years, and the average homeowner can easily access Internet tutorials on pretty much anything from crafting your own DIY art to installing new can lights to completely gutting and overhauling the plumbing in your master bathroom. But are you cut out for DIY?

Not everyone may have the temperament or skills to effectively renovate their home on their own, and a botched DIY job can end up costing you thousands of dollars in labor and materials. Before you start swinging that sledgehammer, consider whether DIY renovating is for you. (See also: Save on Car Maintenance With These 5 DIY Tips)

1. Are You a Meticulous and Patient Person?

DIY home renovation shows make complex tasks such as installing a lighting fixture or mitering corners for crown molding seem like simple, fast, and easy jobs. However, if you're a beginner to DIY, figuring out these tasks can take a long time and require careful study of tutorials, plans, and measurements. In some cases, a slapdash, haphazard approach can be dangerous and cause major problems down the line (especially with electrical and plumbing). Even if we're not talking about dangerous jobs, you can end up wasting a lot of material and time if you're not careful.

Are you the sort of person to measure twice, and cut once? Will you carefully study directions on how to install things correctly, or do you prefer to fly by the seat of your pants? Will you get frustrated quickly when things don't seem to fit together perfectly? Will your project sit half-done for the next six months (or years)? Consider your own personality before tackling a major DIY job. Although if you aren't a meticulous and patient person, this might be a good challenge to help you grow in that aspect.

2. Is It Worth Your Time?

Yes, providing your own labor can save you hundreds, if not thousands of dollars on a renovation project. But consider how much your time is worth. After over a year of renovating our home, my husband and I have adopted the motto, "Everything takes longer than you think." If you're planning to DIY after a long day of work, consider that you may only have a couple of daylight hours every evening. Also, spending your time doing DIY jobs can take you away from spending valuable time with your family.

On the other hand, working on DIY projects together can be a bonding experience for your family, especially if everyone enjoys working with their hands. And if you don't mind having a construction zone in your house for several months, the extra time needed to complete the project may not be an issue for you.

3. Do You Have the Tools?

Doing your own home renovation requires a lot of tools. Do you own, or can you rent or borrow the tools you need? If not, factor in the cost of buying the requisite tools into the cost of the project. Even rentals can cost quite a pretty penny, especially over several days while you learn how to use the tool in the first place. It might be worthwhile to hire in a contractor who brings in his own tools and can knock out the project in a couple of hours.

4. Do You Have the Skills?

Sure, those TV shows make DIY seem like a breeze, but believe it or not, many home renovations take skill. If you're a very handy person, you may be able to acquire those skills in the process and produce something that at first glance approaches professional quality. In many cases, however, your project may end up looking a little "too DIY." If you don't have an intuition for how things work, an eye for symmetry, and decent hand-eye coordination, DIY might not be for you.

Consider whether you can handle skilled jobs such as cutting and installing tile, leveling concrete, and drywalling. For example, my husband and I put up new drywall in our master bedroom. We completed it, but smoothing on drywall mud was a much more laborious and difficult job than we expected (and to this day there are still minor imperfections in the drywall seams). When it came time to tackle the drywall for the family room, we hired a contractor. For a few hundred dollars, he did a beautiful, professional job, and only took one day (it would have taken us a week or two).

5. What's the Worst That Could Happen?

If you're new to DIY, ask yourself what the worst-case scenario could be before you tackle a new project. If it's something with relatively low stakes, why not try it out?

Painting your front door or building a coffee table from scrap lumber are fun projects, and if they don't turn out perfectly, it won't really affect your home that badly. However, trying to install your own marble countertops could turn out very badly if you end up breaking a thousand dollars worth of stone. Roofing your own house could turn out extremely badly if you fell and broke your neck. So start small.

6. Do You Understand Workplace Safety?

Every year, thousands of DIYers are blinded, lose fingers, inhale noxious chemicals, fall off ladders, or are otherwise hurt or injured while working on a project for their home. Be informed on the necessary safety precautions to take. Invest in good safety glasses, filtering masks, gloves, and clothing.

The considerations above aren't to discourage you from attempting a DIY project. However, it may be wise to start small and work up to a larger project. Doing your own DIY can also be a great opportunity to grow as a person — to become more patient, more detail-oriented, and to see a task through to completion. And while some jobs may be best left to the pros, others can be successfully tackled by amateurs like us!

Have your home DIY efforts been successful? Have they been failures? Tell us about them in comments!

Written by Camilla Cheung and published on Wise Bread. Read more articles from Wise Bread.

Best Money Tips: Free Resume Tools

Ashley Jacobs — Tue, 21 May 2013 09:48:31 +0000

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on free resume tools, keeping summer exciting for the kids, and signs that now isn't the time to retire.

How to Prevent a Windfall Money Mistake

Tisha Tolar — Tue, 21 May 2013 09:36:58 +0000

Another week goes by where my numbers didn’t match those of the Powerball. Of course the odds of winning large jackpots like that are quite slim, but a windfall of cash landing in your lap is not unheard of. Windfalls can come from many sources — a lottery winning, a bingo jackpot, a casino score, a work bonus, or an inheritance from a loved one. In many cases, people aren’t especially prepared for receiving a windfall, and as a result they end up making mistakes they live to regret both personally and financially. (See also: If You Won the Lottery, You Would...)

Even if you are not expecting a stranger to show up at your front door with an extra-large check, you should still contemplate the realities of having unexpected cash at your disposal — including tax refunds. Proper management of your personal finances means being prepared for what may come, so take some time to consider how you could use the extra cash responsibly. And who knows, maybe your windfall planning will lead to some insights about how to prioritize your spending and saving with your regular income.

Here is a starter guide on what you should consider when pre-planning your financial strategies involving a windfall of cash.

Eliminate Your Debts

Use your windfall responsibly and leave yourself with a clean slate, debt-wise. Credit card bills, back taxes, loans, and your mortgage debts should be prioritized first.

By eliminating the burdens of your existing debts, you are freeing up cash for your future. You are using your cash in a responsible way and solidifying your overall financial foundation. If there is not enough cash to meet all of your debt demands, make a plan to at least tackle any bills that are past due or charging you the highest interest rates or penalty fees.

Invest in Your Future

Monies remaining after your debts have been dealt with should be allocated towards your future no matter how old you are. Investment strategies should be explored and money can be used to fund your retirement portfolio. If your current retirement savings is at its beginning stages, consider paying a professional financial advisor for initial advice and guidance rather than risking your cash with faulty investments not relative to your financial situation.

Go Play

If your windfall paid all the bills and set your future financially on track, you can feel more confident about spending some of your cash on your "wants." This is the category many people will place as priority after a windfall and as a result, all the cash is gone with very little to show for it. Even when planning to play with some cash, you should prioritize your wants rather than let reckless spending lead to regret. Consider the things that mean the most to you and which will have a positive impact on your life and create memories that will last longer than the money.

Winners Beware

If you have ever watched a news report on the aftermath of a large lotto win, you’ll know that many lucky winners turned out to not be so lucky after all. The pressure that comes with having a lot of money suddenly often ends in heartbreak. There have been several well-known stories of lottery winners who have lost their money and even their lives. Supposed loved ones come out of the woodwork and endless calls from everyone asking for a piece of the pie can quickly turn good fortune into disaster. If you come into a large inheritance or win a large cash award, do nothing until you have secured an attorney and hired a reputable financial advisor.

Stick to your plans for prioritizing your money matters and always remember to be grateful for what you already have rather than focus on what you don’t have.

Have you made plans to spend any windfalls that may come your way? What are they?

Written by Tisha Tolar and published on Wise Bread. Read more articles from Wise Bread.

Fun and Frugal Ways to Observe Memorial Day

Myscha Theriault — Mon, 20 May 2013 10:36:31 +0000

Memorial Day is the official American kick-off event for summer, and a time when we stop to remember lost loved ones and the sacrifices made by members of the armed service over our nation's many years of history. Here's how to save on everything from food and fun to more formal remembrance activities. (See also: Don't Buy Memories, Make Them)

Food

Most of us can’t imagine observing Memorial Day without some sort of feast. While hosting an event like this does require an outlay of cash, the fact that these gatherings are expected to be extremely casual provides you with a fair bit of financial wiggle room. Here are a few ideas for chowing down on the cheap.

Barbecues

This is frequently the chosen menu focus, but backyard barbecues can be more affordable than you might think. Potato salad and baked beans make inexpensive side dishes, and even full-on carnivores have resources at their disposable to save money on meat. Grocery store sales, veggie combo skewers, and inexpensive selections like drumsticks can come to the rescue of a determined penny pincher.

Picnics

If you choose to spend the day away from home, then you may be looking for picnic ideas instead. Packing a basket of your favorite fried chicken and homemade whoopie pies for a crowd is one option, but those observing the holiday with a new boo might prefer to enjoy a romantic picnic of wine, cheese, croissants, and fruit.

Tailgating

Some consider it unpatriotic not to participate in at least one tailgating event during the year. Try some of these tailgating menu ideas to accommodate vegans and vegetarians, or toss some riblets and corn on the grill for an inexpensive carnivorous experience. Portable grills are the name of the game here, if you want things to be as fuss-free as possible. Think premade kabobs or hot dogs in order to enjoy yourself and any guests who happen to stop by.

Fun

While the intention behind the holiday is to honor lost loved ones and to reflect on the sacrifices made by those lost while serving the nation, the fact is that most families work a bit of fun into the weekend as well.

Parades

If you live in a small town, chances are you can walk to the event. If not, your only cost to attend is gas or a subway ticket. As I covered in the article relating to family fun in Aroostook County, small towns and rural destinations often have limited access to cultural events. So if you have a chance to go see a free parade while resting on the grass with a blanket and snacks, why not?

Decorations

To keep the patriotic color scheme to the forefront, try using a red wheelbarrow or red children’s wagon as the ice bucket for your picnic. You need only to add your chosen beer or other bottled beverage along with perhaps a stick flag or two for a finished — and functional — Memorial Day yard decoration. Small to medium red galvanized buckets are a rustic way to house flatware, cookies, and other food goodies while you feast with your family.

When you finish eating, make a group activity out of planting affordable flowers that you purchase in flats into the buckets to take with you when visiting the cemetery. Other basic ideas include an abundance of small paper flags on sticks, along with red and white streamers and perhaps a few window clings. And of course, there’s always the classic yellow ribbon tied on trees and porch posts.

Crafts

Rather than purchase a bunch of decorations for the big weekend, why not make decorations as a family? These paper poppies are an international symbol of remembrance and the red blends in with our standard patriotic color selection of red, white, and blue. This preschool poppy craft is designed more for artists with little hands and recycles home materials creatively.

One of the coolest Memorial Day craft ideas I found was this hand and footprint flag from Tip Junkie. It uses paint-covered hands and feet to create a flag on white paper that can be placed into a large frame once it dries. It struck me as one of those rare activities that parents get to do with their kids that is actually frame worthy when it’s finished. It would look great behind the food table or greeting guests at the door.

Movie Marathon

This is a good idea to have up your sleeve if you get stuck with rain for the holiday.

I’ve written about cinematic theme parties before, but didn’t include one with a military focus. Think "Platoon" or "Saving Private Ryan." Basically, any war movie that depicts a famous war that America participated in throughout history. It brings home the point that those who made a career out of military service weren’t exactly having a party during these periods in history, and gives your guests a conversational starting point to discuss the main reason behind the holiday weekend. Granted, this is more appropriate for grownups than youngsters, so you might want to have an alternative film selection available for the kids in another room.

Formal Remembrance

It’s important to take the time to incorporate formal observances of the holiday, particularly if you have young children you’re trying to teach about its history.

Cemeteries

This was something my family did every year growing up. Basically, we recycled containers from year to year, although they occasionally needed a fresh coat of spray paint. Other than that, the only cost was a few flats of affordable flowers from the greenhouse and a few ribbon-making supplies. We got any extra dirt we needed from our garden. We picked a time to create new arrangements for lost loved ones and fallen family members and on one of the days during the holiday weekend, we would make the rounds to the cemeteries where they were all buried to place the fresh boxes of blooms.

National Moment of Remembrance

Every year there is a national moment of remembrance on Memorial Day itself. Participation is free, and it can be scheduled via a simple alarm on your watch or cell phone. This is a simple one to do as a family, and even works if you’re a road warrior on a business trip who hasn’t managed to get the weekend off.

Recite the Poem "In Flanders Fields"

"In Flanders Fields" is a classic, historic piece of poetry which served as the inspiration for poppies becoming such a recognized symbol of Memorial Day and fallen heroes in general. You could have one printed out, read it from your tablet, or even have it written out and framed on an easel to help decorate your food table. At whatever time you feel is appropriate, have someone from the gathering read the poem aloud.

Travel

This one might not seem like the most cost-effective, but there’s a method to my madness. If you are on the road anyway, or want your children to have a truer sense of the sacrifices made on their behalf, why not incorporate a trip to the site of a battle or important military cemetery? If not Flander’s Fields themselves, then perhaps Arlington if it’s within reach. There are many battle sites in the Pacific for instance, as well as Europe. Often, a physical visit to such a place drives home the concept more than discussing it or watching a video ever could. If you’re looking for a way for your travel dollars to have a more significant impact, this might be the solution.

How do you typically observe Memorial Day? Do you have a special tradition or form of remembrance others might enjoy trying?

Written by Myscha Theriault and published on Wise Bread. Read more articles from Wise Bread.

5 Questions You Should Ask at Every Job Interview

Tisha Tolar — Mon, 20 May 2013 10:24:56 +0000

When you go into a job interview, you likely have rehearsed what you're going to stay to the interviewer about your skills and experience. But then comes the part of the interview when your potential employer offers you the opportunity to ask questions. Many in the hot seat will often reply that they don't have any, even though their brain is rapid-firing plenty of unanswered questions.

The presented opportunity to learn more about a company hiring new employees is one that should not be wasted. You want to be sure you are pursuing vacancies that are actually worth going after. If a job or company is not right for you, you will end up wasting everyone’s time. If a job does sound like a good fit, you will want to be sure you have the right expectations if you do get hired.

Here are five great questions to bring up during a job interview. (See also: How to Answer 23 of the Most Common Interview Questions)

How Often Does Your Current Staff Receive Promotions?

You should understand how committed a company is to promoting from within. Many employees take positions just to get a job but fail to find out what the advancement potential is in a company. If the employer has a lot of positive things to say about an employee’s ability to move up the ladder, you can ask more specific questions relevant to your own career path. If they are unable to provide you with information or try to avoid the question, you need to carefully consider whether the opportunity is right for you.

How Are Employees Compensated for a Job Well Done?

There are a wide variety of ways a company shows appreciation for loyal employees that exceed expectations. While financial rewards are always good, it is important to explore what else the company may provide outside of money. You want to identify businesses that do not acknowledge employee efforts, and asking such a question can give you a more in-depth look at how a company treats its staff.

Have You Ever Mentored an Employee to Help Achieve Their Career Goals?

If the interviewer is the person who will be your direct supervisor, you can learn a lot about their leadership characteristics through their answer to this question. There are many great leaders who are happy to help others get ahead and there are many in leadership positions just looking for a paycheck.

How Do You Promote Teamwork and Maintain a Motivated Environment?

If you are interviewing just to secure an income, you may not care to pose this question. However, if you are interviewing for a long-term career positions, you will want to check out the health of the work environment and understand things from the management’s perspective. You may also want to reach out after the interview to employees who already work for the company to see how their experience compares. If you get a positive review from management and a negative one from current employees, you may want to do more research into the realities of the work environment.

What Is the Process for Employee Reviews?

Career-focused individuals should want to know how they are doing periodically. Find out how employee reviews are done and if they are done on a regular basis. Some employers do not bother to communicate effectively with their staff, which can ultimately leave you dissatisfied and frustrated on the job in the near future.

While there are many more situation-specific questions to ask during an interview, you can use these starter questions to help you brainstorm. Ideally, you should take time to prepare your questions on paper in advance of your appointment day. As people tend to be nervous during the interview process, they forget their concerns and leave with too many unanswered questions.

A job interview should be much more than just finding out what the salary and benefits will be. If you plan to commit to a job, you should have a good understanding of the company policies and the right expectations about the kind of work environment you will be reporting to every day.

Written by Tisha Tolar and published on Wise Bread. Read more articles from Wise Bread.

Best Money Tips: Money Lessons From Star Trek

Ashley Jacobs — Mon, 20 May 2013 10:00:31 +0000

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some fantastic articles on money lessons from the new Star Trek, budget travel 101, and sending your child to preschool for less.

Wise Bread

Citi Platinum Select / AAdvantage Visa Signature Card Review

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10 Self-Improvement Apps to Make You Smarter, Stronger, and Happier

1. Simply Being

2. Duolingo

3. Workout Trainer

4. Nike+

5. YOGAmazing

6. Office Yoga

7. Lumosity

8. Lifetick

9. Lift

10. Instinct

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4. Major Plumbing or Electrical Work

5. Installing New Windows

6. Attic Insulation

7. Replacing Exterior Siding

8. Gutter Repair or Replacement

9. Basement Finishing

10. HVAC Systems

5 Ways to Save Money on Braces

1. Go for Early Treatment

2. Visit a Board Certified Orthodontist

3. Ask About Payment Plan Details

4. Encourage Brushing and Proper Care

5. Orthodontics Are Not Just Cosmetic

Best Money Tips: Budget Travel Tips You Haven't Heard

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The 5 Best Dryers

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5 Reasons to Travel Off the Beaten Path

1. Discount Attractions

2. More Lodging Amenities

3. More Privacy

4. More Downtime

5. Less Stress

8 Ways to Buy Jeans on the Cheap

1. Warehouse Sales

2. Discount E-Tailers

3. Thrift Shops

4. Outlets

5. Clearance Racks

6. Yard Sales

7. Friends & Family

8. eBay

Best Money Tips: Writing a Craigslist Ad That Sells

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Other Essential Reading

Choosing the Right Mortgage Loan: 15 or 30 Years?

15-Year Mortgage

30-Year Mortgage

How to Decide Which Mortgage to Get

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Ask the Readers: What Summer Activities Do You Love?

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