Take 5: A Roundup of Reads From Around the Web

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A look at five interesting personal finance posts from other bloggers around the web. This week: Why rich people shoplift more than poor people.

1. Why rich people shoplift more than the poor

[The Consumerist] Whenever I read headlines like this, I try to guess what the explanation is before I read it. This one never occurred to me: “Because they feel they deserve it more.” That’s right, The Consumerist reports on a study that shows, “Americans with incomes over $70,000 were 30% more likely to shoplift than those making up to $20,000.”

2. Money leaks: vending machine snacks

[Bargaineering] We all know eating out a vending machine is not only unhealthy, it’s a waste of money. But this short article puts it in perspective: “When 12-packs of soda are on sale, you can usually get one for around $4…That works out to be under twenty-one cents a can of coke…. Most vending machines will sell you a 12-oz can of Coke for at least 50 cents. Usually somewhere closer to 75 cents or a dollar.”

3. Life without a microwave

[Wise Bread] While fascinating – and with instructions on making popcorn on the stove and defrosting meat in cold water – I’m not sure that living without a microwave saves you money. And I know it doesn’t save you time. Still, an interesting read.

4. College savings mistakes: 529 plan slip ups

[Bargain Babe] These college savings programs have been around for more than a decade, but parents still make some of the same mistakes. Here are the four most common ones – and how to avoid them.

4. Coalition Against Breast Cancer a ‘sham,’ New York charges

[ConsumerAffairs.com] I love this website for articles just like this. Reporting on lawsuits against bogus charities isn’t only the right thing to do, it saves money for those of us who want to donate to worthy causes. And what’s lower than stealing money intended for cancer victims? “The suit says CABC raised $1.4 million from the public but spent only $374 for mammograms,” Consumer Affairs reports.

Stacy Johnson

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