Credit cards are awesome. If you're not using a credit card for every purchase, you should be. Apart from the free benefits that pass many people by -- like automatically doubling your warranty up to an extra year on almost all purchases (including electronics) and refunds on prior purchases in the event of a price drop (remember the first iPhone?) -- credit cards allow you to earn cashback and other rewards. Of course you won't be able to quit your day job, but free money is free money. As long as you have some self control, you can make the system work for you instead of against you.

This post lays out how I run my credit cards. You should first familiarize yourself with the video clip Don't Buy Stuff You Cannot Afford. To make this work, you must never pay any fees and you must never pay any interest. With that in mind, let's get started.read more »

I was recently taken to a new low looking through this weekend's newspaper. I am now the shamed owner of a coupon for a product called Potato Finishers.

All-American Potato Finishers ("Great on baked and mashed potatoes!"). This is exactly what America needs. How have we been eating potatoes for all these years without this product? Basically, it is a bag containing cheese sauce, shredded cheese, and bacon bits. It's not like you could buy cheese sauce, shredded cheese, and bacon bits in already-prepared, individual packages and then apply all three items to a potato separately. Moreover, it's not like you could buy a chunk of cheese and shred it yourself, or buy packaged bacon and cook it yourself. The fact that the main ingredient is missing from the product should be your cue to run in the other direction. If that's not enough of a hint, seeing that the widely-publicized coupon allows the "savvy" shopper to "save" $1 on this item, the price should scare off the rest of you; I'd guess $3 - $4.

Perhaps even more disconcerting than the Potato Finishers themselves is the fact that a Google search for "potato finishers" returns eBay auctions for the very coupon to which I earlier referred as the first result. It's not enough that our planet is littered with this coupon in who knows how many newspapers across the country; people are now selling this same coupon for actual money. There are presently 8997 food coupons listed on eBay. You probably had no idea that there is such brisk trade in food coupons happening right under your nose. Is there really a market for mass quantites of useless food coupons? I am also unsettled by the fact that a single product line now merits its own domain registration (thank goodness sargentofinishers.com was available, imagine the horror if terrorists had snatched up the domain and our All-American Potato Finishers couldn't have their own website) and web design efforts. As the nutritional information and even the list of ingredients is conveniently absent from this special website (it's a food product, what else could the website legitimately have?), what does appear on the site is laughable. I'm not sure I'd agree that pictures of fake cheese mixtures on top of various degrees of fried potatoes qualifies as "exciting serving suggestions". Not to be outdone, the hidden nutrition facts are equally bothersome: 1/4 of the small pouch is considered a single serving and has 23% of your daily saturated fat intake and 25% of your daily sodium. Ah, America owes you a vote of thanks, Potato Finishers.

It has never occurred to me that I could call the government if I were to run out of gas.

Alan Peterson, Incident Management team leader for the Utah Department of Transportation, has been assisting drivers who have pushed their fuel tanks too far and run out of gasoline. In 2007 the team gave out about 721 gallons of gasoline to stranded people. This year so far, they have already given out about 524 gallons. [...] Last month, the team helped 150 motorists refuel.

If the end of the year sees double the current amount, that equates to 3 gallons of free gas every day. At the current price of $4.15/gallon, Utahns are [collectively] paying $12.45 every day because of a growing number of idiots (as of last month, we're now up to 5 per day!) who disregard their fuel gauges. Is it really that hard to put gas in a car? Even using the lower 2007 numbers, 721 gallons divided by 52 weeks is 14 gallons/week. Let's hear that again with gusto: The government is handing out a full tank of gas every week! My car doesn't even hold 14 gallons, but I'd still like to know how to submit my name into the drawing.

There are a few products in the marketplace that invoke a bizarre, nauseating reflex upon contact with our brains. These products, such as frozen bananas, are incredibly puzzling as the more they are contemplated, the more it becomes clear that their existence must solely be to invoke this bizarre, nauseating reaction. Why else could frozen bananas exist? Who could possibly be benefiting from crystallized precut chunks of curved yellow fruit? Worse still, who are the people being suckered into buying these bags of prepeeled, presliced, flash-frozen bananas? With fresh bananas readily available in all parts of the country and selling at retail for less than $0.39/lb., an amazing amount of labor in peeling bananas would be required before prepared frozen bananas would even remotely make economic sense. Has our society really deteriorated so much that we no longer have the time or patience to "pull tab here" on fresh bananas?

Although I'm definitely a fan of the online DVD rental service Netflix, they have again disappointed me today. The website offers the option to put your memership "on hold", which will temporarily stop Netflix from billing and mailing movies to you. On the surface, it looks like Netflix really cares about its customers by offering this extra convenience. From my point of view, however, this is really a selfish policy whose only purpose is to boost the company's bottom line.

Let's say you are a Netflix member whose billing date is at the beginning of the month. You are about to go on a two-week vacation, so you place your account on hold today and set the service to resume in two week. You've already paid for movies for the two weeks of your vacation, but, by placing your account hold, have elected to stop their delivery. In order to actually give you what you've already paid for, Netflix should move your billing date two weeks ahead to make up for the time that you will not be receiving movies. Netflix doesn't do this. Unless your billing date is during your vacation, you gain nothing. The worst part is that you actually increase your risk of financial liabilities for the zero benefit you receive: Your account will be charged $20 per disc for any movies that aren't received by Netflix within seven days of placing your account on hold. So basically, if you try to be an organized person and place you account on hold but then forget to mail those three discs back before you go on vacation, you've just given Netflix $60 for absolutely nothing.

I telephoned Netflix customer service to verify I correctly understood the account hold policy, which I did. Confronted with this information, the representative couldn't tell me why I would want to place my account on hold.

Poor CashAmerica. Let's feel sorry for them:

Dear Military Personnel,

Beginning October 1, 2007, we will no longer be able to serve military personnel or their spouses and dependents who seek short-term loans, commmonly referred to as payday loans. The Department of Defence Military Lending Act, which takes effect that day, requires such loans to be granted at 36% APR. We regret that our Company simply cannot offer a product at that rate restriction.

At a 36% APR, the total fee charged on a $100, two-week advance would be $1.38. We cannot cover the cost of originating a loan, let alone meet employee payroll and benefits and other fixed business expenses, at this rate.

When they can make loans to other customers at over 1140%, it's no wonder they are refusing a paltry 36%. It's just not profitable.

Seriously, though. Stay away from payday loans, kids.

Wal-Mart has decided to move the date of Black Friday, just like the government decided to move the date of Daylight Saving Time. Apparently I need to get a more important job so that I, too, can play with the calendar.

Wal-Mart has announced it will have its Black Friday "day after Thanksgiving" sales this Friday, November 2. A company press release issued on Halloween, October 31, 2007, at 6:55 AM MDT begins:

The nation's largest retailer officially kicks off the Christmas season today by granting a valuable holiday wish to its customers -- savings on the gifts they want to give.

Today? Look everybody, Halloween is the official start of the Christmas season now!

Later in the press release:

In-store, the experience for Wal-Mart shoppers will be fittingly festive. Christmas Shops offering holiday decor and gifts and onsite product demonstrations open this weekend. And, for the first time ever, Santa will visit all Wal-Mart Supercenters and discount stores. [...] The retailer will also literally wrap several stores across the nation in festive holiday style including 10 x 3.5 -foot bows to brighten the buildings.

Uhm, what? My Black Friday "day after Thanksgiving" "three days after Halloween" sales come with a Christmas shopping experience? A Santa line at Wal-Mart? Wrapping entire buildings with wrapping paper look-alike?

The sales were announced early Thursday morning (it is already Thursday in EDT) and are now online at http://www.walmart.com/secret. While I'm always up for a sale (one item being offered is an Acer laptop with 1 GB of memory for $348), I don't really want to be shopping in a Christmas "experience" two months before the holiday.