Posts tagged as:

money

How you can cash in on the gold rush

by Gabrielle on May 17, 2010

Do you have gold jewelry that you no longer wear or that’s broken? Now may be the time to sell it since the price of gold has hit a record high, over $1,200 an ounce! But don’t cash it in just anywhere or you could be getting less than it’s worth, warns Suzanne Martinez, co-owner of Lang Antiques in San Francisco. Here are her tips for getting the most money from your gold:
* Have just a few pieces to sell? Take it to a jeweler. But before you agree on a price, ask these questions: “How much does my gold weigh?”, “What’s the karat?” and “How much do you pay per gram or penny weight?” Expect to be offered anywhere from 80% to 85% of what the gold is worth. Then shop around for the best offer.
* Have a lot to sell? If you’ve got 10 or more pieces, take them to a jewelry refiner—that’s where jewelers go to melt down gold, so you’ll be getting a better price by cutting out the middleman. However, refiners charge a fee for processing the gold, so you have to have enough to make it worth your while. To find one in your area, simply look in the yellow pages for “jewelry refiner”.
* Have vintage gold jewelry? Take them to an estate jeweler. You’ll get even more than what the gold is worth because the workmanship makes the jewelry more valuable.

Tip: The higher the karat of gold—10K, 14K, 18K, 24K—the more your jewelry is worth. But, keep in mind that gold jewelry is made from a mix of gold and other metals, so the weight of your pieces won’t reflect the price you’re offered.

Tip: Check the current price of gold at kitco.com/market.

 

[photo: Mykl Roventine]

Don’t get fooled by these menu tricks

by Gabrielle on May 9, 2010

Ever wonder how your restaurant bill got so high? Or why you planned to order a burger but ended up ordering something completely different? You could have fallen for one of the secret psychological strategies on restaurants menus that steer you toward more profitable items, such as…
* Making prices seem lower with a decoy. Ever wonder why some restaurants offer outrageously expensive dishes—like a $100 Kobe beef burger or $1000 sundae topped with edible gold? Restaurant owners don’t expect customers to actually order them. These high-ticket items simply make the other choices seem like more of a bargain, says restaurant menu engineer Gregg Rapp.
* Eliminating dollar signs so you spend more. A recent study in the International Journal of Hospitality Management reveals that diners shell out about eight percent more when there are no dollar signs on the menu. The reason? Without the reminder that you’re spending actual money, it doesn’t feel so painful to order pricier choices, explains study co-author Sheryl E. Kimes, Ph.D.
* Adding money-spending words. The right menu descriptions can boost sales 27%, according to research by Brian Wansink, Ph.D., director of the Cornell University Food and Brand Lab and author of Mindless Eating. The words with the most power to motivate you to spend? Those that describe flavor, such as “triple-basted”, “satiny cream sauce”, “crackling” and “tangy”; those that remind you of home or family members, such as Tennessee rib sauce or Aunt Sadie’s apple pie; and brand names, such as Jack Daniels chicken or Minute Maid orange juice.
* Steering your eye toward the more profitable items. They’ll be easy to spot—for instance, on the upper right hand side of the menu, in their own box or accompanied by a colorful photograph, says Rapp.

[photo: Steven Snodgrass]

Avoid getting suckered by mystery charges

by Gabrielle on May 6, 2010

Notice a charge on your credit card bill that you didn’t authorize? If so, you’re not alone—the Better Business Bureau reports that mystery charges are on the rise as a result of companies using underhanded tricks to get you to sign up for services you don’t need—for instance, when you activate a new credit card, sign up for a “free” trial service, check (or don’t uncheck) a box when you purchase an item online or cash a fake rebate check, says Matthew Smith, president of Complaints.com. To avoid being on the hook for these charges, you need to act fast! First, call your credit card company. In most cases, you can ask them to dispute the first charge—after that, they assume you saw the charge on previous bills and ignored it. Some will also allow you block all future charges from that company from going through. Next, find out who’s charging your card by doing an online search for the name listed on your bill. Call the company and tell them you’re canceling their services, then ask for either a letter or email confirming the cancellation.

How much $$$ did you toss away today?

by Gabrielle on April 12, 2010

It could be a lot if you didn’t look carefully at your store receipts before chucking them. Many retailers and restaurants—such as J.C. Penney, Old Navy, Home Depot and Panda Express—print a website link and special access code on some receipts that leads you to a short online survey. Answer the questions—which are typically about your most recent shopping trip—and you’ll be rewarded with 10% to 25% off your next purchase or entered into a sweepstakes to win a cash prize. But act fast—most access codes expire within days of your purchase.

[photo: AMagill]

Hagglers get a better deal 9 out of 10 times

by Gabrielle on March 8, 2010

And the savings aren’t only on items at tag sales. A national study by Consumer Reports finds that more than 90% of folks who asked for a better price got it on brand-new [more…]

Earn more by temping

by Gabrielle on March 5, 2010

Many of us think of a temp job as a last resort, yet University of Florida researchers found they’re often just the opposite. Their recent study shows that [more…]

3 surprising ways to save on groceries

by Gabrielle on February 18, 2010

New research shows that grocery stores are using some pretty sly tactics to get you to bulk up your bill. To avoid falling for them…
1. Skip the suggested add-on. According to a new study, we tend to buy complementary products that are placed next to each other on the shelves—such as blueberries and whipped cream, chips and salsa, soda and pretzels and ice cream and chocolate syrup. Yet, when we pass by the same products in different aisles, we don’t put them in our cart, reports the Journal of Marketing. [more…]

Fun way to learn how to invest in stocks

by Gabrielle on February 12, 2010

Tempted to jump into the stock market while it’s still low? First learn the ins and outs of investing while having fun at updown.com, where you’ll get $1 million of virtual money to practice buying and selling actual stocks in real time.

[photo: Myles Davidson]

Get paid for old DVDs, CDs and games

by Gabrielle on February 10, 2010

Been wanting to weed out your collection of DVDs, Blu-ray Discs, CDs or video games that you don’t use anymore? You can earn $10, $50, even $100 by selling them at [more…]

Get paid for clearing out your clutter

by Gabrielle on February 2, 2010

Virtually all of us have outdated or broken cell phones, video games, movies, MP3 players, computers and other electronic waste taking up space around the house. At gazelle.com, you can trade those unused gadgets for cash—ranging from $1 to $100 depending on the item and its condition. Once your items are received, [more…]

Get a bigger donation with a handshake

by Gabrielle on January 30, 2010

When collecting donations for Haiti relief, the SPCA, your kid’s soccer team, church or another organization, try touching a potential donor on the arm or shaking their hand before you deliver your pitch. Gentle touch triggers a [more…]