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About Lou Carlozo

Based in Chicago, Lou Carlozo is a personal finance contributor for Reuters Money, a columnist with DealNews.com, and a former managing editor at AOL's WalletPop.com. Contact him with story ideas for Money Under 30 at feedbacker@aol.com, or follow him via LinkedIn and Twitter (@LouCarlozo63).

Are You Paying Too Much For Your Phone? The Genius Savings Strategies The Carriers Don’t Want You To Know

It’s official, oh lovers of mobile: Choosing the cheapest cell phone plan is a headache. That was the headline of a piece CNN Money ran in February, and in it writer Adrian Covert sums up the complexities brilliantly: “Finding the wireless plan tha … [Read more...]

The Top 20 Ways Americans Love to Waste Money; Are You Guilty?

Coffee. Coffee shop coffee at $5 a pop for venti with all the trimmings. How many times have we been told by financial mavens that this is the one thing you need to trim from your budget that’s wasteful? My guess is you’ve been told that a lot. And … [Read more...]

Can Tithing Make You Rich? Why Some of the World’s Wealthiest Give Away 10 Percent of Their Money

When we talk about money, the subject of giving is often a distant afterthought. That’s unfortunate, because tithing—that is, the practice of giving 10 percent of your income to charity (typically a church or religious community)— has been espoused fo … [Read more...]

Want a Quick Win? Here’s an Easy Way to be Smarter With Your Money than the Average American

With tax time around the corner, it’s all about time: time to organize and crunch the receipts, squeeze in a meeting with an accountant, or perhaps even wait by the mailbox for a refund. (May you be so fortunate.) And when tax time is done, most o … [Read more...]

Stop! Don’t Do Your Taxes Until You Read This: The Best Tax Software Compared

The good news for those who haven't filed their 2013 taxes yet is that there’s still plenty of time—about a month and a half—to meet or beat the April 15 deadline. But with taxes, it’s too often a matter of procrastination: Wait long enough, and that … [Read more...]

The Price of Amazon Prime is Going Up; Will You Still Pay?

At this point in time, it’s no longer of a question of whether Amazon Prime rates will go up in 2014, but when—and by how much. The service, which costs $79 a year, is unsurprisingly popular: It offers free, unlimited two-day shipping on more than 19 … [Read more...]

The 4 Things You Must Do Before You Apply for a Mortgage

Among the many milestones we use to mark our financial coming of age, few are as exciting as buying a home. I remember signing a raft of papers a few inches thick when my wife and I bought our current home in 2001. The process left me both … [Read more...]

Why ‘Reliable’ Cars Aren’t Safe from the Mechanic’s Bill: The Most Common Repairs on Popular Sedans

Over the summer I wrote about my intrepid white minivan, a 1998 Toyota Sienna well on its way to hitting 200,000 miles. And as the mileage racks up, more problems pop up: some mechanical, some related to the body and construction. With the brutal … [Read more...]

The Surprising Reason Millenials Aren’t Building Wealth as Fast as We Should Be

When it comes to figuring out the financial needs of the so-called “Generation Y or Millenials, you have to take a step back and consider what good age labels are in the first place. Are all Baby Boomers narcissistic, nostalgic and selfish? Are all m … [Read more...]

How That ‘Free’ Flight Cost Me $1,400

It’s easy to love free things, and of all the freebies that tempt us, none make a wandering spirit more weak in the knees than the promise of free airfare. It’s about a million degrees below zero in Chicago for the third straight week, and I'd lov … [Read more...]