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The 24-Hour Airline Cancellation Rule Could Save You Money

Save on Emergency AirfareEver book a flight only to check back a few hours later and see the price dropped? Uggghhh…I know the feeling. That’s why I play airline roulette, holding out to buy my tickets banking on finding a cheaper flight.

Sometimes you win and sometimes you lose when you play the wait and see game. Prices can change in minutes. I’ve even gotten the sorry the fare you selected is no longer available during checkout. Only to be replaced with a higher ticket price.

My friend worked for the airlines and she told me how quickly prices could fluctuate. I’ve seen them go up and down right before my eyes. One morning I found airline tickets for $160, then later that same afternoon(only a few hours later) when I was ready to buy them  those same tickets jumped up to over $200. They may have come back down later that day-who knows?

The good news is that the mandated 24-hour reservation requirement allows you to cancel your higher airfare and get the lower airfare without a penalty if you meet the rule requirements.

According to Transportation.gov: (more…)

Read This Before You Toss Another Boarding Pass

Traveling? This year AAA estimates “46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday.” Just a few weeks ago I flew to Miami for my college reunion. And when I returned, I thought about shredding my boarding pass.

In the end, I think I just ripped it up and threw it away. But what’s really wrong with tossing your boarding pass anyway?

As you know Identity theft is a real problem in our country. In fact, according to the U.S. Department of Justice “an estimated 17.6 million persons, or 7% of all U.S. residents age 16 or older, were victims of one or more incidents of identity theft in 2014.”

Scammers are constantly looking for ways to get access to your private information. We see it in our email, hear it on the phone and if you’re not careful it could happen to you in person.

Last week on the news, the words “your boarding pass could be a goldmine for thieves” caught my attention. Watching this segment showed me, you’d better think twice about tossing your airline boarding pass and bag tags. (more…)

Categories: News, Travel

New Chip Card Technology

Attention all credit card and debit card holders: There are some new changes coming your way. If you’re a credit card holder, you probably already got one.

Major credit cards like Visa, MasterCard, American Express and Discover are reissuing cards with new chip technology to offer you more security.

You’ll see it has a new look. The chip is on the front of the card. You’ll notice something silvery, shiny and shaped like a square with rounded edges. Yes, that’s your chip (also known as EMV).

Yesterday at the store, I noticed someone using her new chip card for the first time. She tried to slide it and heard a beeping noise. She had to insert her card into the terminal slot for a few moments and wait until instructed to remove it.


It took a little longer than the usual “slide and go” credit card transaction. But it also gave her more protection against credit card fraud. And that’s a good thing!

How it works? The chip is encrypted, which creates a unique code to validate each transaction. You must insert the card into the terminal slot to take advantage of this new data encryption technology. (more…)

Get Money Smart!

Money Smart Week 2015April is Financial Literacy Month! Money Smart Week is here.

In Chicagoland it runs through Saturday, April 25th, 2015. Money Smart Week offers thousands of free financial seminars and workshops (credit management, retirement, debt management and more) across the nation.

Check out Money Smart Week for more details to find out what is going on in your town.



The more you know, the more your money will grow. Get Money Smart today!

How to Save Money on Movie Tickets

MoviesDo you ever have interesting conversations with people sitting in the waiting room? I sure do. The last time I went to get my car serviced, I saw a woman reading “Gone Girl.” I asked if she had seen the movie.

She replied, “No, movies cost too much money for me. They are expensive! It costs $11 to go. I got this book from the library and there were 80 people on the waiting list for it!”

That’s some library waiting list. Wow!

She proceeded to say, “The only way I got this copy was because everyone wanted the regular book. I saw the large print version available and got that one.”

That’s smart thinking I thought and smiled. Perhaps she wasn’t missing anything since most people say the book is better than the movie anyway.

Still I couldn’t shake the fact that she thought it cost $11 to watch a movie.

So I said, “You don’t have to pay $11 to watch a movie.” Next she exclaimed, If I was in Florida I wouldn’t have to.”

Then, I proceeded to tell her how she could catch a flick on a budget right here and right now. She was as they say “all ears.”

Here are five ways to save money on your next movie ticket: (more…)

Categories: Save Money

IRS Tax Scams: What You Need To Know in 2015

IRSIf you file taxes and have a phone, email or Social Security number this is a must read. After all, it’s tax scam season and you don’t want to become a victim.

In Illinois, phone scammers claiming to be the IRS are threatening residents with lawsuits or jail time if you don’t pay up. Talk about preying on your fears. Then they gladly accept your payment using credit, debit, or prepaid cards over the phone. Not so fast. Don’t fall for this scam!

The IRS does not request payment in this manner by phone. Report the caller to the Treasury Inspector General for Tax Administration at (800) 366-4484.

Scammers are so clever. Aren’t they? There are a lot of ways they try to squeeze money out of you.

Here’s a list of the 2015 “Dirty Dozen” tax scams according to the IRS:

  • Phone Scams: Aggressive and threatening phone calls by criminals impersonating IRS agents remains an ongoing threat to taxpayers. The IRS has seen a surge of these phone scams in recent months as scam artists threaten police arrest, deportation, license revocation and other things. The IRS reminds taxpayers to guard against all sorts of con games that arise during any filing season. (IR-2015-5)
  • Phishing: Taxpayers need to be on guard against fake emails or websites looking to steal personal information. The IRS will not send you an email about a bill or refund out of the blue. Don’t click on one claiming to be from the IRS that takes you by surprise. Taxpayers should be wary of clicking on strange emails and websites. They may be scams to steal your personal information. (IR-2015-6) (more…)
Categories: News, Taxes

4 Easy Ways to Save Money on Your Car Repairs

Check Engine LightDo you ever cringe when your car’s check engine light comes on? I know the feeling, these days regular car maintenance could cost you hundreds of dollars. While a major car repair might run you in the thousands. Ouch!

Earlier this month my car’s maintenance light came on. It’s six years old now. And this was a new maintenance code. I could only imagine how much $$$ it was going to cost me.

Every time I cranked up the car, it was in bright lights staring me in the face. As if it were saying, what are you waiting for? Stop ignoring me, something is wrong.

After a few days, I decided to schedule an appointment. I called several car dealerships to get quotes. They told me: $330, $340 and $450.

Prices like that for scheduled maintenance just make you want to scream! By shopping around I managed to save over $100 in less than 10 minutes.

Whenever I get service quotes, I just scribble them down on a piece of paper along with the details. Paying attention to the service maintenance details helps you save money when you’ve recently had something they are recommending.

For example, the last time I had to get my car serviced it included a tire rotation. I told the tech I got one a few weeks earlier, so I skipped it.

This time around I needed everything on the list!

The good news is that I still managed to cut my repair cost down an extra 15% (that’s $51) over the phone. In this post I’ll show you exactly how I did it. Read on.

Here are 4 Easy Ways to Save Money on Your Car Repairs: (more…)
Categories: Save Money

Money Problems? There’s Hope…

The worse feeling anyone can have about money problems is that there is no way out. Yet, many people feel this way day in and day out.

If this is you, you are not alone. While things may look great on the outside, many people are suffering in silence.

The good news is there’s hope. YOU can turn it around! 

Let’s break the silence.

Join me in South Florida this weekend and find out “How to Get Your Money Right.”

  • Are You Living Paycheck-to-Paycheck?
  • Drowning in Debt?
  • Do You Have Bad Credit?
  • Have Trouble Saving Money?

Come discover practical tips to help you get your finances in order at the South Florida Book Festival. (more…)

Categories: Life, News

Helping Our Youth Build Financial Capability

There’s no doubt that “our children are our future.” Illinois Jump$tart recognizes the strong need to build financial capability in generations to come. That’s why I support organizations like Illinois Jump$tart with my time and money. :)

Albert Einstein once said, “Insanity: doing the same thing over and over again and expecting different results.”

Illinois Jump$tart (ILJC) is starting something different Action Network for Financial Empowerment.

ANFE logo-V7-lr“Launching in July 2014, ILJC’s new Action Network will bring professionals, working with youth programs and policy around Illinois, together with the most innovative concepts and informed voices in financial education for an interactive summit at the Chicago Federal Reserve Bank. The goal is to establish a new network of like minded advocates, working in different ways and different places, to accomplish a common objective: giving more young people the tools they’ll need to build secure, comfortable and productive lives.”

You’re invited to this inaugural event. Register today to attend the Action Network Summit in July!


Categories: News

It’s been awhile….

Last week one of my loyal blog followers reached out to me. We’ll call him Mr. T. He’s not the original Mr. T from the A-Team. Although, that’s someone I’d love to run into one of these days in Chicago. Any connections? 😉

"First name Mr, middle name 'period', last name T!"

“First name Mr, middle name ‘period’, last name T!”

I digress….

Back to the topic at hand, Mr. T is a pen name one of my blog readers uses when he comments. This blog reader has been here since the very beginning and even inspired a few other posts.

Mr. T. I appreciate you thinking of me!  And I promise YOU I’ll get back to writing more frequently than every three months. I know you don’t do social media, but I  encourage you to follow me on Twitter (I’ll follow you) and check out GainMoneyControl on Facebook (we can be friends). Those are both great places to find more content on hot money topics, articles and money saving tips.

GainMoneyControl Readers: Thank you for sharing one of your most precious gifts you can give—your time!


Photo: numberstumper

Categories: Life