Author: Ben Popken

  • 28 Of The Worst Money-Saving Ideas Ever

    Earlier this week we asked you for the worst things you’ve ever tried to do in order to save money that really didn’t work out, and you bowled us over with your responses! Over 190 comments poured in, some utilitarian, some hilarious, others, poignant. My favorite is the grandma who bought two caskets and used them to store linens because she didn’t like the idea of buying something so expensive only to use it once. So here they are, the 28 best of the worst money-saving ideas you’ve ever had:

    (pictured: some folks who don’t like the cheap haircuts they got from beauty-school students)

    1. “Waxing my eyebrows at home! I ended up having to draw one of them in for about six months until it grew back.”

    2. Cheap kitty litter

    3. Cheap toilet paper

    4. Putting in a quarter of a tank of gas at a time hoping the reduced weight would improve efficiency. Driving with little fuel increases fuel evaporation and can shorten the life of your fuel pump.
    5. “Letting my auto insurance lapse was a bad, bad idea, which I learned when I got into an accident… and then my wife got into an accident, three days later, with the same car.

    6. “Bought a used pop-up camper to make summer travel cheaper. Of course, I then had to buy an SUV to pull the thing!”

    7. Joined a “wholesale gift club” only to discover you could get everything cheaper on eBay

    8. “I “waxed” my ’68 chevy with corn oil. The car looked great. Until I drove it. Then it latched on to every dustbunny, leaf, feather, bird turd and pebble on I-495. All mounted against a handsome understated ever-darkening matte finish. I even think a candy wrapper got stuck on it. After 2 days the exterior looked like a picnic table that had been left out in the back yard all winter.”

    9. “Hand washing all my laundry. I did it for almost a year. Not worth it. I was doing laundry all the time.”

    10. “Generic Oreos. NEVER AGAIN.”

    11. Eliminating retirement savings or withdrawing from your 401k or IRA

    12. Buying a house for the interest deduction without understanding it fully.

    13. “I’ve tried buying bulk items at Costco as a “savings investment” and then ended up wasting them.”

    14. “A few decades ago, my Grandmother was appalled at how expensive caskets were when you only used them ‘the once’. So she purchased two caskets and used them to store linens. A few years later, Grandma and Grandpa had to move but Grandma didn’t want her neighbors to know that she had two caskets so she forced my dad and his brother to move them in the middle of the night to the new house. She ended up selling them a few years later since they decided that they wanted to donate their bodies to science and then be cremated.”

    15. “My hubby once brought home an extra fridge that some friends were getting rid of. The idea was to buy and store food in bulk, especially organic milk. As it turns out, Costco’s price per gallon for organic milk was about the same as the grocery store’s. We would have saved only $1/week or $52/year. Unfortunately, the fridge was an old one and would have cost about $100/year to run!”

    16. “For a while, when I was younger, I’d buy large amounts of chicken breasts with bones in them from Sam’s Club. Then I would spend a long afternoon cleaning them, wrapping them, and freezing them for later. The problems were numerous! My hands would smell like raw chicken for a couple of days (soap and shampoo couldn’t get rid of the smell). I’m definitely not a butcher so it would take hours (I also removed all the fat). Lastly, turns out that I was RE-freezing the chicken, and the texture of chicken that you’ve done that to is pretty weird. It was way too much for me and wasn’t worth it.”

    17. “Some years ago I got a great deal on a case of SPAM. Four cans later, the local food bank had 20 cans.”

    18.”We have a 5-cent tax on disposable shopping bags here in DC. A few people, in protest of the tax, go to Maryland or Virginia to get their groceries. So instead of either paying $1 one for a reusable bag or 5 cents each for disposable bags, you pay for gas to go to Maryland or Virginia. Plus, Virginia has sales tax on food, which DC doesn’t.”

    19. “Buying a Costco membership when I’m a single woman living in a small city apartment.”

    20. “My elderly neighbor used to rinse out used paper towels then dry them. Over her gas stove.”

    21. “Doing my own window tinting on a Jeep I used to own…all you need is a spray bottle, sponge and scissors. Sure.”

    22. “Dollar store trashbags when I was fresh out of college. I could put like, a paper cup in the bag before it tore.”

    23. “When I saw how much money I saved on my gas/electric bill by drying clothes outside instead of using my dryer, I tried the same thing with washing dishes by hand instead of using the dishwasher. Not only did my gas/electric bill hardly notice the difference, but I must have broken 8 glasses and several plates because they were either hitting things in the sink, or falling over in the plastic dish drying holder. Went back to the dishwasher.”

    24. “”Reallocating” paper towels from work.”

    25. “To save money on rent, I moved into a big house with a gazillion roommates when I started graduate school, most of which were not students. I had found the place long distance and the person I had talked to sounded normal and the house sounded nice. I realized within a week that at least 2 of the roomates were batshit crazy and another had a long criminal record. No one did their dishes, two people were way behind on their bills so the electric was at risk of being turned off, and one girl had 3 cats and never scooped the litter box. I started apartment hunting within a week and moved out as soon as I could. Ended up in somewhat more expensive housing, but my quality of life greatly improved. Really cheap housing is cheap for a reason.”

    26. “Buying anything major really cheap wastes money in the end. Tires, appliances, electronics. You end up paying more for repairs / replacements than it’s worth. With things like printers, the planned obsolescence will get you too, but it’s not like you have a choice.”

    27. “Years ago, I thought I lucked out and found a deal when I rented a townhouse in an expensive part of town and was only paying half the rent of anyone else in the neighborhood.

    Well…more rent might have paid for new windows (it was a Victorian house with ORIGINAL windows and doors!), insulation, a fix for those leaky bathroom pipes that caused ceiling damage in the room below, a roof that didn’t leak, wiring that was up to code and didn’t cause a brown-out when more than two window A/Cs were running at a time in the entire building, a water heater that continued to work for more than a month at a time, and extermination fees (both mice AND rats!).

    The rent was so cheap, though, that I stayed there for almost 7 years, hating every moment that I was home.”

    28. “Getting married just to save on income taxes.”

    Can you beat those? Leave your worser money-saving idea in the comments.

    PREVIOUSLY: What’s The Worst Money-Saving Idea You’ve Ever Had?

  • Subway To Start Tessellating Cheese July 1?

    Three years after the protests began, it seems Subway has finally listened to its customers and will start tessellating cheese on its sandwiches, according to what appears to be an internal weekly newsletter.

    subwaydownunder.jpgClick to enlarge.

    As the image shows, and anyone who has gotten a Subway sandwich knows, most Subways layer their isosceles-cut cheese in an overlapping fashion. This means one side of the sandwich gets more cheese than the other and leaves pockets of zero cheese, resulting in a uneven flavor and texture distribution. As the newsletter says, “This will improve the cheese coverage on the sandwiches.”

    We don’t know if this picture is real, although that would be a pretty weirdly specific and not very damning thing to hoax, and have reached out to Subway for comment

    Back in 2007, Left-Handed Toons made a cartoon about this policy and helped launch a miniature movement, complete with protest tshirt, which soon fizzled out in the face of Subway not really caring/knowing about it. Now, 2 years, 11 months, and 13 days later, Subway has changed its policy. At least for the Australia/New Zeland area.

    Heralding the victory, Drew at Left-Handed Toons writes, “Now is the time for the New Procedure. You can almost picture taking every homogenous bite. It’s okay now. Everything will always forever be okay now.”

    Is this a regional test or the first stage in a worldwide phase-in? We can only pray. Or wait for official comment. Either/or.

    Effective July 1 – Subway worldwide to phase in tesselated cheese on all sandwiches [Reddit]
    Cheesey Victory [Left-Handed Toons Blog]
    (Thanks to David!)

    PREVIOUSLY:
    Subway Cheese Scam Protest Tshirt Designed
    Subway’s Incorrect Use Of Isosceles Cheese Actually A Vast Conspiracy
    Dear Subway, Please Use Your Isosceles Cheese Correctly

  • BP Oil Spill More Like 12,000-19,000 Barrels Per Day

    First BP told us 1,000, then 5,000, and now a joint federal and independent research task force estimates that 12,000 to 19,000 barrels of oil were spewing into the Gulf since the crisis began, NYT reports. If the numbers are right, then we’re talking about as much as 30 million gallons. That would be more than 3x the amount from the Valdez disaster.

    President Obama is set to visit the Gulf today, where the “top kill” technique has is having success with stemming the flow of oil and was augmented last night by the “junk shot” procedure which involves shooting solid objects like golf balls and shredded tires into the well to plug it up. “The real question is can we sustain it,” said Admiral Thad Allen, National Incident Commander for the Deepwater Horizon oil spill. The President will likely be met by a BP-crafted “Potemkin Village” of cleanup, pundit James Carville told Larry King. “B.P. knows he’s coming.”

    Meanwhile, news photographers are complaining that BP has erected a “photo blockade” around the most ravaged areas, alleging that local and federal officials are working with BP to “explicitly target” members of the news media and prevent them from documenting oil-drenched areas:

    One of those instances occurred early last week, when Herbert accompanied local officials from Plaquemines Parish in a police boat on a trip to Breton Island, a national wildlife refuge off the barrier islands of Louisiana. With them was Jean-Michel Cousteau, son of Jacques, who wanted to study the impact of the oil below the surface of the water. Upon approaching the island, a Coast Guard boat stopped them. “The first question was, ‘Is there any press with you?’ ” says Herbert. They answered yes, and the Coast Guard said they couldn’t be there. “I had to bite my tongue. That should have no bearing.”

    Estimates Suggest Spill Is Biggest in U.S. History [NYT]
    BP Attempts ‘Junk Shot’ to Stop Flow From Gulf Well [WSJ]
    Obama Defends Handling of Gulf Oil Spill [CNN]
    BP’s Photo Blockade of the Gulf Oil Spill [Newsweek]
    “It’s BP’s Oil” [Mother Jones]

  • How Fraudsters Make Fake Credit Cards

    There’s many ways your credit card can be stolen and exploited, but this is one of the more sophisticated: In this WIRED video, Detective Bob Watts of Newport Beach Police Department shows how crooks take your credit card numbers they steal off the internet and turn a blank plastic card into something they could swipe through a Best Buy scanner or plunk down at a fancy restaurant, complete with holograms and embossing. Using these techniques, one criminal ring racked up over a $1 million in fraud before they got busted.

    RELATED: One Hacker’s Audacious Plan to Rule the Black Market in Stolen Credit Cards [WIRED]

  • Travel: Is That Online Deal For Real?

    Our inboxes and search results are filled with great-sounding travel deals, $35 airline tickets, $399 three-day all-inclusives and the like, but have you ever actually tried to snag one? Oftentimes it seems a low “landing prices” shoots up after all the fees are added, or if you try to get a date other than a very narrow set, or you want to do something crazy like return home afterwards. NYT took a look and found that while that’s true, there are a few things you can do to improve your chances of getting a price close to the advertised one.

    1. Act fast – The older a deal gets the more likely it’s expired or run out
    2. Check date restrictions – Sometimes hidden in the fine print, it can be hard to know which days qualify for the deals. Check all the disclosures.
    3. KIS, keep it simple – specific deals directly from the provider at single locations delivered closer to advertised price than packages of services, like airfare + four hotel nights + car rental, sold through agencies.

    Online Deals: Scams or Steals? [NYT]

  • Poor People Spend 9% Of Income On Lottery Tickets

    A recent study found that poor folks – households earning under $13,000 per year – spend about 9% of all their income on lottery tickets.

    Jonah Lehrer:

    The study neatly illuminates the sad positive feedback loop of lotteries. The games naturally appeal to poor people, which causes them to spend disproportionate amounts of their income on lotteries, which helps keep them poor, which keeps them buying tickets.

    I wonder what would happen if on a certain number of the losing scratch-off cards, scratching off the latex ink won you free personal finance and budget management services.

    Lotteries [The Frontal Cortex] (Thanks to Jim!)
    The impact of narrow decision bracketing on lottery play [Journal of Risk and Uncertainty]

  • Get 20% Off At Coldstone Creamery

    It’s been blazin’ in New York all day. I’ve got two Vornados on me, a minimal amount of clothing, and I’m wearing a coldpack on my head. So, in the spirit of temperature abatement, I am delighted to share this printable 20% off anything coupon for Cold Stone Creamery, which I would totally use if everything on their menu didn’t have a gazillion calories. [via Dealnews]

  • Why Paying More For Brand Name Drugs Is Folly

    There are some people out there who just don’t get how much crazy money you can save with buying generic drugs. For those folks, this infographic was crafted by Mint.com. To illustrate the cost-savings possible, they took a look at Advil. For the same 200 mg of isobutylpropanoicphenolic acid, people are willing to pay over $8 more per box. Those pretty graphics aren’t going to chase away your headache any faster, honey. Let’s take a look:

    VSGenerics7.jpgCrazy, right? If this is the kind of thing that gets you riled up, Consumer Reports also has a great service for an unbiased comparison of the cost-efficacy of different kinds of drugs called Best Buy Drugs that you should check out.

    The RIP: Brand vs Generic Drugs [Mint]

  • How To Use Facebook’s New Privacy Controls

    Lifehacker has a handy guide to and analysis of the new, streamlined privacy controls just announced by Facebook. There’s also the full version posted on Facebook. The new controls are simpler, but fall short in some respects.

    For example, there is no way to make your activities and interests private, and you’re opted-in by default to sharing your personal info with applications.

    The changes will show up for different users in stages over the coming weeks, and you’ll know when they hit your account when a little icon shows up saying so.

    What do you think of the modifications? Leave your thoughts in the comments.

    A Guide to Facebook’s New, Simpler Privacy Controls [Lifehacker]
    Controlling How You Share [Facebook]
    Making Control Simple [Facebook Blog]

  • BP Starts Operation “Top Kill,” Watch It Live

    BP has started operation “Top Kill,” and we’ve embedded here the live videostream of their latest attempt to plug the well. The maneuver involves pumping heavy drilling mud and cement into the well. While routine on surface wells, it’s never been attempted at 5,000 ft underwater. And if it goes south and the blowout preventer cracks under the pressure, it could make matters worse. Bust out the popcorn! I just saw a robot arm!

    UPDATE: The camera has changed. Now we are looking at valves instead of the plume.

    UPDATE 2: Now we are floating around the blowout preventer.
    UPDATE 3: Now we’re back to the valves.
    UPDATE 4: Lots of floating and panning now.
    UPDATE 5: I just saw a robot arm! Science is happening!
    UPDATE 6: You know, by not showing the plume we don’t know what effect, if any, the operation is having on the leak rate.

    plumemonitoring.jpg

    rig.jpgHere is an animation of how Operation Top Kill is supposed to work:

    Live video link from the ROV monitoring the damaged riser [BP]

  • BillShrink Shows You How To Save On Cable Bills

    This morning, BillShrink delivered a karate chop to the cable cabal with a new service, currently in beta, that shows you how to get the best cable/tv/satellite/dish package for the best price.

    cableshow.jpg

    How it works is that you enter your info, they run the the numbers, and then deliver you the deals from different providers ranked by price.

    BillShrink shows you what you can get, and how much you can save. You can also drill down and see how the price is calculated on a line-item basis, including any equipment costs. BillShrink also displays the price you’ll pay during any applicable promotion, the after-promotion cost, and what that all averages out to on a monthly basis.

    To complete the transaction, BillShrink gives you the provider’s number to call, what to ask for in the package, and the referral code to use. The service is free but BillShrink gets a referral fee from the provider for every person who orders using one of their codes.

    They do require an email address to use it, so if giving that out isn’t your thing, use a disposable one like Mailinator.

    Bundles aren’t included in the calculations, but the site aims to have them up soon. In the meantime, you can add on internet when you call. In the future, BillShrink also plans to let you complete the order without having to make a separate call.

    You can use BillShrink to switch services directly, or as a research tool in conjunction with this post, “What To Say To Your Cable Company To Get Them To Lower Your Bill” to negotiate concessions from your provider. A Feb ’10 Consumer Reports cover story on how you can build a cable bundle is another great source of actionable, money-saving info on cable/internet/tv/phone services.

    Consumerist asked BillShrink CEO Peter Pham, if it takes 10 engineers working full-time for three months to build a comprehensive overview of cable options, what hope did any consumer ever have of being able to make the right choice?

    “Not much,” laughed Pham. “When we tackled it we thought, ok, this is about the same as wireless. As you dug into it, it’s vastly more complicated.” With services like BillShrink, especially after they implement some of the planned upgrades, that can get a little less complex for consumers.

    BillShrink [Official Site]

    RELATED:
    Save a Bundle [Consumer Reports]
    What To Say To Your Cable Company To Get Them To Lower Your Bill [Consumerist]

  • Man Spends 24 Hours Inside A Starbucks As A Sick Experiment

    Zug.com’s Bayan Rabbani is a glutton for punishment. Having spent 24 hours inside a Walmart in the name of comedy journalism, he thought he was ready to spend 24 hours inside a Starbucks. He was wrong.

    Largely his story is one of a man who staves off boredom through constant sugar-laden caffeine beverages, tweets, and attempts to interact with fellow customers that are largely in vain. At one point Bayan tries to get a game of espresso pong but the manager
    puts the kibosh on it, reminding Bryan that acting weird and that disturbing the carefully crafted casual corporate coffeehouse vibe can get you kicked out.

    I’m mainly fascinated by the effect of so much coffee in such a short period of time:

    3:06 PM May 14: 15 hours, 11 restroom visits, and 16 drinks in. At this point, it really felt like I was seeing things. The drinks weren’t the worst part, it was mostly the restroom. My bladder began to hurt. Later it would go numb.

    3:45 PM May 14: It feels like my body is throwing up from the outside into my insides. Trust me, in my delirious condition it makes perfect sense. For some reason, my skin began to feel really hot. I ran to the restroom thinking I would barf, but I managed to keep everything inside.

    12:03 AM May 14th: 24 HOURS, 19 RESTROOM BREAKS, 25 DRINKS! I DID IT!!!!

    Venti Me, anyone?

    Bayan’s Twitter feed from the experiment [Twitter]
    The Starbucks Experiment: 24 Hours Trapped Inside Starbucks [Zug]
    PREVIOUSLY: Man Spends 24 Hours In A Walmart, Lives To Tell The Tale

  • Lady Enters Security With $24,000 Rolex, Leaves Without, Suit Alleges

    A woman is suing the TSA after she says she was forced to take off her $24,000 Rolex to pass through security, and when she went to retrieve it, it had mysteriously vanished.

    The Florida Times-Union reports:

    …[she] said she was preparing to board a return flight to Jacksonville last February when she was ordered by security officers to put her watch in a bin and place it on a conveyor belt. She said she objected several times but was told she had no choice if she wanted to board her flight, so eventually she complied.

    …[she] said she became hysterical after realizing the watch was gone. She called Shirk for advice. She asked for police to be called, but security officers told her she was disrupting the area and had to leave.

    In denying her claim, the TSA said there were “no legally sustainable grounds” for finding the TSA liable. Security cameras in the airport apparently weren’t working at the time.

    While a tragic story, it shows the dangers of traveling with valuables. Next time, you could just pack your nice watch in with your starter pistol and it will never get lost.

    Baker County woman sues after Rolex goes missing at Norfolk airport [Florida Times-Union] (Thanks to everyone who sent this in!)

  • Clip Of Ben Popken On NPR Talking About Mail-In Gold

    If you didn’t catch Consumerist on NPR last Friday, here’s the clip of me on All Things Considered chatting about mail-in gold buyers:

    Did you know that if you melted all the gold that’s been mined in the world you would just barely fill up two Olympic swimming pools? Maybe the rarity is part of why it drives people to do crazy things, like mail off your jewelry in a plastic bag to a stranger half a country away and trust that you’ll get a good deal.

    Since people historically flock to buy gold in times of economic uncertainty, I think this is a story we’ll keep hearing about for some time to come.

    Solid Gold: Demand Leads To Record Prices [NPR]

  • Clark And Dawes Comedy Team Skewer European Debt Crisis

    Making poor lending decisions is by no means uniquely American. In case you haven’t heard, the Europeans are going through a debt crisis of their own right now, and it’s bound to have an impact on America’s economy. Seems that several broke countries have lent massive amounts to other broke countries and nobody can pay each other back. Bailouts are inevitable, but where is the money going to come from? Some other broke economy! And round and round it goes. Comedy team Clarke and Dawes take the piss out of it all in a mock business game show.

  • Satirical BP Twitter Account Has More Followers Than Real One

    A fake BP PR twitter account, BPGlobalPR, has started posted satirical tweets about the company’s response and attitude to the oil spill, and it has more followers than of the real BP Twitter accounts combined. And why not? Would you rather read, “BP Pledges $500 Million for Independent Research into Impact of Spill on Marine Environment” or “Doing our best to turn oil into oilinade. So far the stuff tastes TERRIBLE.”

    BP knows about the fake account but seems to content to leave it alone for now. WSJ:

    A BP spokesman said the company is aware of the BPGlobalPR account. “It’s a shame, but obviously people are entitled to their views,” a BP spokesman said, adding that the company is taking the spill “very seriously.”

    Oh no they didn’t! They didn’t just say that! Yes, they did.

    BPGlobalPR [Twitter]
    Fake BP Twitter Account Draws Followers With Oil-Spill Satire [WSJ]

  • Reach HSBC Executive Customer Service

    This number goes to the customer care division of HSBC Bank USA. It’s good for when you have a Sisphysian customer service issue that you’d rather have the sneakers of Mercury.

    813-571-8998

    Don’t forget your CCP’s – always be concise, clear, and polite.

  • Get Your Complaints Solved With One Simple Question

    It’s like “The Secret” for CSRs: by asking reps reps this one question, you can get many of your customer issues resolved faster and go on to live a life with less stress and more laughter.

    NYT’s “The Haggler” polled his readers for their best customer service hacks. One that captured my eye with its grace and sophistication was the asking of the simple question, “What would you do if you were in my situation?” Apparently, this polite query often results in the customer service rep providing a really good tip that gets the customer on their way to getting real results.

    Brilliant! Streamlined and sophisticated, and it defuses the potentially adversarial relationship. I love it.

    A Guide to Complaints That Get Results [NYT via Lifehacker]

  • Cut Debt Faster By Sending In Your Payments Sooner

    One little trick you can do to get out of debt faster is to send in your credit card payments as soon as you can, says No Credit Needed.

    Don’t just pay the bills when they’re due. By sending in your payments sooner, you can reduce your average daily balance and thereby reduce your total interest charges. It’s a small thing, but when tackling debt, it’s the small things that add up to reducing a big balance.

    5 Simple Debt Reduction Tips [No Credit Needed]

  • VIDEO: Angry Homeowners Rally Outside BofA Exec’s House

    Embittered homeowners and activists packed the yard of a Bank of America executive on a recent weekend, and they brought their bullhorn.

    Members of the National People’s Action community group and the SEIU came to the porch steps to tell their stories of foreclosure and bureaucratic indifference, and advocate for financial reform.

    In this video, a woman tells how she got a phonecall about a foreclosure on her house 30 minutes after she found out her son died in a car crash. The caller didn’t care about that, but did want her to know that it was a debt collection call and it could be recorded for training purposes.

    The video, which grabs you in the chest, is worth a gander. Whether you agree or not with their point of view or tactics, it’s a slice of what’s going on right now.

    NPA and SEIU at the home of BofA’s Gregory Baer [YouTube]
    MORE:
    What’s really behind SEIU’s Bank of America protests? [Fortune]
    Hundreds Protest Outside Bankers’ Houses In DC [Huffington Post]