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Your Two Cents: Is Renter's Insurance Worth It?
Sure, it's always better to be safe than sorry, but sometimes being safe is costly and troublesome — and turns us off. Renter's insurance, for example, seems a necessary precaution to protect your rental apartment or home. But a recent poll among my friends revealed that even savvy, intelligent women are too bothered by the hassle and the anticipated cost of signing up.
Ask Savvy: Should I Reopen My Card After Being Deep in Debt?
Dear Savvy,
I've just paid off one of my credit cards that was in the Debt Management Program through a credit counseling service, which is something I'm proud of! It's nice to have accomplished that! The only issue is, I got a letter from that company offering to reopen the credit card line since I paid everything off.
Never Include This Number in Your Cover Letter
Time after time, I've mentioned the importance of quantifying your accomplishments in your resume and cover letter. It's a tip that applies no matter the job or level of position, but there's one particular time you should steer clear of including a number in your cover letter — when you're talking about your age.
I've seen countless cover letters that include a line that goes something like this: "I'm a 26-year old who's a perfect fit .
How Much Did You Spend on Meals and Drinks This Weekend?
If there's ever a time to fall off the budget wagon, it's on the weekends when I'm faced with too many fun options that involve spending money. Tempted by the creative cocktails and incredible meals that San Francisco has to offer, it's a rare weekend that doesn't involve a spendy night out.
There are a lot of bad things we can say about Mondays, but it does provide a clean plate for getting back on track.
Musician Gets Revenge Against United For Breaking His Guitar
Canadian musician Dave Carroll has spent the past year trying to convince United to compensate him for the $1,200 in repairs his guitar needed after being tossed around by baggage handlers. His trip from Halifax and Nebraska included a transfer in Chicago, where the damage occurred. Carroll has ruled out accidental cause because another passenger witnessed the guitar abuse and spoke out in alarm while it was happening — he even notified the United employees on-board, who were anything but helpful.
$4,500 For a New Car Could Be Coming Your Way
Car manufacturers have been holding on for dear life and coming up with creative ways to sustain their businesses during the recession. The economy has already driven major car companies to bankruptcy, and President Obama is close to signing a measure that would afford more Americans the ability to purchase new vehicles and hopefully prevent more damage to the auto industry.
The $1 billion "cash for clunkers" measure would provide credits to car buyers who trade-in their vehicles for more fuel efficient models.
Maxed Out: 26-Year-Old Single Mom Spends Rent on Clothes
This episode of Maxed Out is about Crystal, a 26-year-old legal assistant and single mom with two kids — she also happens to be $50,000 in debt ($20,000 of that is from student loans). She's been ignoring the state of her finances to the extent of not paying some bills in four months and owing $200 to a gym she's never used. Everything is in crisis mode all of the time and Crystal is completely stressed out.
The Consequences of Graduating During a Recession
Entry-level has never been synonymous with starting salaries to brag about, and that's even more true when the job market is short on supply. The Wall Street Journal says this is the worst market in 25 years, forcing new college graduates to lose out on thousands of dollars in potential income.
Many recent and upcoming graduates have a long, tough road ahead of them.
Four Facts About Credit Scores
One of my best girlfriends is in the market to purchase her first home with her new husband, and before applying for their loan she called to ask a question about her credit score. She wanted to know whether or not it was a good idea to open a new Amex card — she and her husband are antsy to start earning points. I answered her question the best I could; the answer is below, along with three other facts about credit scores.
Ask Savvy: Why Does My Credit Score Vary Among Agencies?
Dear Savvy,
Over the last couple years I've been really working on improving my credit, and in December I bought my first home! It just recently showed up on my report and has definitely increased my score. But my question is, how do the three reporting agencies vary so much?
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