Browsing Category: Money News

Cable TV and Cars – News to Go

personal finance news

This morning I had some time to catch up on the news and a few stories in the newspapers and online have caught my eye. Two fo them have to deal with the deal between Comcast and Time Warner Cable. The other story is running the numbers on buying a new car or a used car in terms of maintenance.

Comcast’s Pricing personal finance news

We are currently Time Warner Cable customers, so  we’re watching the news to see what is going to happen with Comcast. This Sunday the NY Time’s Farhad Manjoo did an analysis of Comcast’s current services and speculated on how future customers would be affected.

Many families have dropped cable hoping to get big savings, but Comcast has priced their services so cord cutter aren’t really getting much of a discount. In fact, Manjoo found that it was just $10 more for a TV/Internet bundle that also included mobile service.

Time Warner Cable Got Its Price, for a Price

The Comcast deal is also on the news on the Wall Street Journal, with their story focused on the trade-off Time Warner Cable made to get the price they wanted. The deal is all stock and the price Time Warner’s CEO Rob Marcus wanted is $160/share.

The WSJ goes into details about some protections that are NOT included with the deal, such as a consolation fee if the deal is rejected by the Federal Communications Commission and the Justice Department.

Used Cars are Not Money Pits, New Cars Are

Jacob from I Heart Budgets shares how buying a reliable used car will put you financially ahead by going over the typical life of a car for one owner from purchasing it the car to selling it off. He examines the idea that buying a high mileage car leads to more money on repairs. He looks at some scenarios and shares his take on what kind of car works in the long run.

For us, we’ve found that buying our cars with no loans has made our monthly budget less stressful. After paying off our car loan years ago, we made it a goal to buy used cars (after thoroughly researching) and driving them until repairs are exceed savings or circumstances necessitate a different car.

Through the years, I’m happy to say that the older cars have done an incredible job holding up, allowing us to do minimal maintenance and still save money for the next time

 Thoughts on Money News That Matters to You

What money and personal finance stories are you following this week? How do you feel about the Comcast/Time Warner deal? What’s your take on buying cars – do you prefer new or used? Do you finance or buy with cash?

JustDeals.com Review

I know many of my friends love finding deals online. I have recently heard of another deal site, so I wanted to check it out and see if you can really get some great price on products.

It’s called JustDealsand as the name implies they only offer specials on their sites, claiming to save you up to 95% on MSRP on brands likeDell, Sony, Wilson, and Hoover.

How JustDeals.com Works

I asked them to share exactly how their site works. Basically: 

JustDeals.com offers four deeply discounted daily deals with limited quantities that go live every night at 9:00pm PST for a 24 hour period and expire at 8:59pm PST the next day or while supplies last as products quickly sell out.

“Exclusivity is really what sets us apart from competitive daily deal or bidding sites,” said Richard Chemel, Co-Founder at JustDeals.com. “We offer merchandise from top brands ..”

A few months ago, they switched from 1 deal a day to 4 deals each day, giving customer more choices on snagging a deal.

This is not a bidding site – as long as supplies last during the during deals, you can buy the items. It’s not like some deal sites where a minimum amount of people have to accept the deal for it to go through.

My Thoughts on Just Deals

They do have low prices on their site, but unless you have something already in mind when you buy, you could be finding yourself shopping there simply because it’s on sale. However the deals are legit, so you may want to check it out to see if they have what you want.

With four deals running daily, you may find something you or a loved one wants at a great price.

If you want more information please check out their site and their Facebook page.

Free Government Grants, Diet Pills and Credit, Oh My!

money scams

Looking for free government grants endorsed by President Obama and Vice President Biden? Dietary supplements supported by scientific research and endorsed by Oprah? How about exclusive credit offers? …Keep looking.

The Federal Trade Commission (FTC) has halted an operation called, the “Grant Connect” program, that allegedly deceived and mislead consumers about bogus products and services with unsubstantiated claims.

The complaint lists Juliette Kimoto and Johnnie Smith, amongst others, behind the “Grant Connect” program. As part of an agreement with the FTC several defendants have agreed not to market products and serviced similar to those they sold and pitched to consumers previously. Settlements also impose an almost $30 million judgement against them.

Allegedly “Grant Connect” programs used pictures of political figures and celebrities to make it appear that they endorsed their products they were selling. They used pictures of President Obama, Vice President Biden, and the American flag to bolster claims that their bogus government grants service was affiliated with the U.S. government. They promoted their dietary supplement by falsely claiming that it was endorsed by Oprah Winfrey and supported by scientific research, and failed to adequately disclose that their credit offers were merely memberships to a costly shopping club.money scams

The FTC claims that the defendants failed to disclose to consumers that purchased their products that they would be enrolled in continuity plans and charged high monthly fees for mostly unrelated products along with using fake testimonials to promote products.

The first settlement order announced October 17, bans defendant Johnnie Smith from marketing or selling grant-related products or services, credit-related products, work-at-home business opportunities, weight-loss related dietary supplements, and other products or services using a “negative-option” or continuity program in which consumers are billed automatically until they decide to cancel.

Smith also is banned from assisting anyone else selling these programs or products and from taking customer payments using pre-approved electronic fund transfers. Finally, Smith is banned from using testimonials to sell products or services, and is subject to the monetary judgment, under which he will pay $45,000.

The second settlement order bans Juliette Kimoto and four companies she owned from: selling grant-related products or services, credit-related products, or work-at-home business opportunities; selling products or services with a continuity or negative-option program; taking consumer payments by preauthorized electronic funds transfer; assisting others engaged in these activities; and using testimonials.

The second settlement order also bans the four companies from marketing dietary supplements claimed to assist in weight loss or other specified outcomes, and prohibits Juliette Kimoto from making misleading health claims related to dietary supplements. The order also requires Juliette Kimoto to pay more than $90,000 and to turn over various personal assets, including jewelry, a piano, and a 1967 Chevy Camaro, along with all the cash and other assets held by the entities she owned. The total value of the cash and assets turned over by Juliette Kimoto and the companies she owned exceeds $220,000

Author: This article was contributed by GetOutOfDebt.org, a site that helps people find good debt relief solutions to deal with tough money troubles.

Source: Free Government Grants, Diet Pills and Credit, Oh My!

Photo Credit: jepoirrier