Quick Tip: With Strategy and Good Timing, Your Car Is Almost Free

For many cars, there’s a sweet spot that occurs after a brand-new car depreciates in value and before major service expenses are likely. During this period—between roughly two and five years of age—cars don’t depreciate all that much. The result is that, with good timing, you can buy a car, drive it for a few years, and then sell it …

Has the Wall Street Pay Czar Paid Off?

Time to say Goodbye to the Pay Czar

Nearly a year and a half ago, Kenneth Feinberg was appointed to overseeing the pay of Wall Street executives and top officials of other companies that had to be bailed out in the financial crisis. Today is most likely his final day on the job of any consequence.

This morning Feinberg released the …

Bound to Buy: The 10 Types of Consumers Who Inevitably Overspend

Are you an Illogical Rationalizer? A Fine Print Ignoramus? Or perhaps a Shortsighted Sign-Me-Upper? If your behavior fits one of the ten consumer categories below, then there’s your explanation for why you don’t have more money in the bank. If you behave like all of the consumer types below, then let’s hope you make a lot of money — and …

Does Asia have the answer?

Ruchika Tulshyan, who is interning at Time this summer, said some interesting things in this morning’s meeting. We asked her to write a blog post. Here it is.

As the austerity debate rages on and squabbles erupt over every single point—should interest rates be raised? is stimulus spending good or bad?—there are lessons to be learned …

Why a Smart Consumer Is a Bad Credit Card Customer

And how you can be punished for responsible behavior: In some cases, credit card issuers have rejected applicants who have credit scores that are too good (sometimes over 800). Why? Because these consumers typically pay bills in full and on time, they’re unlikely to make the credit card companies much money.

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