2 Minute Finance - Latest Comments

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

karen senario — Wed, 09 Jun 2021 06:04:53 -0000

It is evidently clear that JCP is ignoring consumer demand for clothes that are more for the younger the new 60’s that think and wear clothes that are for those in their 20’s. Their office or dress clothes are limited lately their dress slacks seem almost obsolete who is stocking these stores they need replacement. Where are the buyers minds JCP can be a very successful store once you take out the areas that sell the least and improve it with kitchen and home gifts they customers would buy for weddings or apartments like Walmart...blenders, coffee makers, can openers, the list goes on and on.

Re: Avoid the IKEA Visa, Unless You Love Eating Swedish Meatballs

Risa Qres — Thu, 24 Oct 2019 13:02:22 -0000

Avoid this card like a plague. I did not get the 25 dollars promotions and instead they kept playing games with me...Cancelling it this week once my payment is posted.

Re: Banks vs. Credit Unions: What’s the Difference?

Mark Roddenberry — Thu, 18 Jul 2019 11:30:27 -0000

I appreciate your straight forward explanation of credit unions versus banks. Over 100 million Americans belong to credit unions nationwide and hopefully videos like your will encourage more to join. I shared this on our credit union Facebook page to help educate our members. Thank you!!
Mark Roddenberry, CEO of Estacado FCU

Re: Avoid the IKEA Visa, Unless You Love Eating Swedish Meatballs

-rs — Mon, 03 Jun 2019 14:35:20 -0000

I agree with this blog. I did this mistake 2 months ago. Couldn't get the $25 promotion because of delays, and the vouchers suck. The customer service for Ikea was terrible, actually nobody ever answer. and the customer service for credit card was responsive but basically said sorry we can't help. I have the card now, but I prefer to use my other credit card to get regular 1% back that any creditcard has these days and spend it on what I want.

Re: Avoid the IKEA Visa, Unless You Love Eating Swedish Meatballs

Don Czarny — Sun, 05 May 2019 03:32:40 -0000

I did that mistake today. I applied for CC in store but $25 coupon I received was ONLINE ONLY!!! Don't use kiosk computers for application!!!

Re: Wells Fargo, Credit Suisse Financing Payday Lending Growth

Laura White — Mon, 15 Oct 2018 01:48:40 -0000

Hi!!!Wells Fargo have a nice financial lending growth other people get a loan to buy a house or have a small business to have more income....

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Kathykate — Sun, 03 Feb 2013 09:22:51 -0000

Why is the Alfed Dunner clothing line mixed in with the young style petites. The older folks don't want to trudge through the young styles any more than the younger wanting to go through the OLD LADY styles. I have mentioned this many times to the sales associates and just get a blank stare! What is wrong with this picture people.

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Gerri Detweiler — Wed, 21 Nov 2012 09:26:58 -0000

Bobby - I agree with many of your observations. The only reason I set foot in JC Penny now is for the Sephora store inside. I would love to see a good basics at their store or any store in the mall for that matter. I have a few pieces in my closet from The Gap that are probably 15 years old - the quality was there so I still have them. But I'd be hard pressed to find that today at Gap - or Target where I get some basics that last a season or two at most.

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Linnylou — Fri, 09 Nov 2012 10:10:07 -0000

Mr Johnson, the store looks great...wonderful, BUT the clothing line that the baby boomers want to see is all gone. Its nice you have all the Apple toys for the registeres but why would you take away the East5th line and the comfort shoe line and many others that we loved in favor of a store stocked to the brim with Alfred Dunner OLD LADY clothing and your Worthington only brand that is NOT the same as East5th with its many pletes and cap sleeves and ugly patterns. And then there is the NEON clothing throughout the store in large numbers including the PLUS sizes. I am 62 and I would not be caught dead in these clothes. I was in the store yesterday and even with a $10 off coupon I frankly could not find anything to buy. Sad but true. What happened to the nice Sweats for WOMEN in non neon colors and do you really wonder WHY the store is drowning even further.
Do you honestly think that making the store look nice is the reason people BUY?

Re: The Downside to Anti-Price Gouging Laws During Disasters

mikegiberson — Tue, 06 Nov 2012 00:44:12 -0000

Idaho and Utah also have anti-price gouging laws. In all, 34 states and Washington DC have such laws. Here is an updated list: http://knowledgeproblem.com...

Re: America’s Cheapest Smartphone Plan a Smart Buy?

Giovganzon — Fri, 31 Aug 2012 00:25:09 -0000

I love my new phone yahhoooooooooooo :) :) :) :)

Re: All About Compound Interest: Friend or Foe?

Lynxdn — Mon, 28 May 2012 13:55:34 -0000

Thanks for this project. I have been making the rounds watching videos on compound interest (CI).

It's hard to get straight. Your discussion of the positive side of CI actually describes simple interest.

Compound interest adds interest back to the principle, uses that greater number as the new principle, then compounds interest on that higher amount. Thus:

The first month is the same, $100 principle, 10¢ interest.

2nd Month: $100.10 principle, 10.001¢ interest.

At the end of the year: the balance becomes $101.206622 CI vs $101.20 with simple interest.

Not even a penny difference at this low rate of return!

Suggestion: produce a 2 minute finance video and focus on simple interest vs compound interest using different APRs. Lynx

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

JosephHayden — Wed, 11 Apr 2012 00:54:46 -0000

To bring investors back into the market, realty players will have to
focus on improving their cash flow position and reduce debt among others..

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Miguel Michaels — Fri, 06 Apr 2012 05:05:53 -0000

“We aren’t doing anything significant so far, and the
banks are pushing back,”.. Nice post

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Clifford Lundquist — Thu, 05 Apr 2012 04:49:00 -0000

As exciting as it was to learn about the Apple-like changes that will be
coming to the 110-year-old retailer, the company still has not address
many of the core issues with the shopping experience.

Re: Wells Fargo, Credit Suisse Financing Payday Lending Growth

Clifford Lundquist — Thu, 05 Apr 2012 04:47:21 -0000

As exciting as it was to learn about the Apple-like changes that will be
coming to the 110-year-old retailer, the company still has not address
many of the core issues with the shopping experience.

Re: Wells Fargo, Credit Suisse Financing Payday Lending Growth

Benjamin Saucier — Thu, 05 Apr 2012 04:45:25 -0000

It’s not enough to put out a touch screen computer for associates to use
and say you’re up-to-date with technology. Consumers are much more
engaged with the buying experience and expect retailers to play along.

Re: Wells Fargo, Credit Suisse Financing Payday Lending Growth

kwikcash — Wed, 28 Mar 2012 07:21:38 -0000

Generally, the lenders of payday loans expect to see records for verification especially on the borrowers' banking information for processing the loans. Hence, the loan applicants are expected to fax copies of the required records. Lenders of fax less payday loans, however, do not require the debtors to fax any records whatsoever. Faxless pay day providers usually verify the information by telecalling or through electronic verification.

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Tolehouse — Mon, 05 Mar 2012 20:10:48 -0000

JC Penneys sucks butt! What a crap store!

Re: J.C. Penney’s Problems Are Larger Than Just Pricing

Ted Whitmore — Wed, 22 Feb 2012 16:37:04 -0000

Everything you mention here I am sure is being carefully considered.
Don't underestimate Ron Johnson!
It will be exciting to see what he will do with this opportunity.

Re: Budgeting 101: Budgeting Resources on the Web

Nancy — Tue, 07 Feb 2012 02:24:54 -0000

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It will be my pleasure if I can contribute some quality content. Please kindly let me know how and where could I send you the article.

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Re: America’s Cheapest Smartphone Plan a Smart Buy?

SDsurfin — Sun, 05 Feb 2012 18:01:15 -0000

I actually saw one of these phones in Dec. of 2011. The quality is good but, I'm concerned about the availability or getting penalized for heavy usage. I stream music in my car, use the GPS a lot, and watch videos. I ultimately decided to stick with my Google smartphone but, I switched over to a prepaid plan from T-mobile that costs about $30 / month. There's a page here that shows you how to set it up https://sites.google.com/si... It's $10 more than the Republic Wireless plan but you get 5GB of data on the Tmobile network. I can still switch to WIFI when I go out to restaurants or out for coffee. But, I also know that the 3G signal will work on the road no matter how much I am using.

Re: Memo to Personal Finance Bloggers re: Suze Orman Twitter Feud & Proper Disclosure

Aaron — Sat, 21 Jan 2012 23:24:27 -0000

Good advice Bobby - many of us are making money through these cards as well - so heaping a lot of condemnation on Suze isn't a good approach.

Re: Do Green Cars Save You Money?

2minutefinance — Fri, 20 Jan 2012 14:59:37 -0000

Thanks! You are right...we could get a better picture of the total cost of ownership by just doing some due diligence before buying. And in the case of diesel cars, driving style and annual miles driven can dramatically alter the payoff, but it's still another data point consumers should look at before making a big purchase like this.

Re: Do Green Cars Save You Money?

Scott Crawford — Thu, 19 Jan 2012 18:28:29 -0000

Bobby, I love this. I have always been a bit skeptical about the economics of green cars, but 27 yr payoff is pretty long. Really we could do the same Total Cost of Ownership (TCO) analysis on any buying choice.