Aunt Jill Schlesinger of CBS MoneyWatch is back again on the show today, and admits that she wants to marry CBS Evening News anchor Katie Couric.
So, what does today's show title mean? If you're a news junkie, you probably already know, but to Jill and Wilson's surprise, even in the financial capital of the country, nobody really knows who the heck Elizabeth Warren is. (In case you don't know, she's the Chairman of the TARP Oversight Committee and will likely be appointed as a "Special Adviser to the President" to run and build the new Consumer Financial Protection Agency.)
Warren has been a leading advocate for consumer financial protection for decades and was the person who initially came up with the idea for the CFPA. But what's interesting is that it was really the Internet, "The Daily Show", and social media that has made her into the "Money Momma." Unfortunately for Jill, "Money Aunt" doesn't seem to have the same ring to it. We won't get into other M-related alliterations.
As usual, Aunt Jill has some great advice for anyone who needs a little financial guidance in these trying times. For the tech enthusiast, there's Mint.com to manage and track your personal finances, and the best feature is its capability to automatically categorize your spending on your credit and debit cards. But keep in mind that you are giving up your personal financial information, user names, account numbers and passwords to a third party.
Some bullet points also to follow:
Don't buy actual gold; buy gold-based traded funds. In general, don't buy gold unless you know what you're doing.
Follow Jill at @jillonmoney for daily financial tips. We're still thinking of a Twitter hashtag for her to use. Send us your suggestions.
The First Time Home Buyers' Tax Credit has expired.
Only consolidate your student loans (and loans in general) if you're going to get a lower rate.
You're probably "SOL" if you bought a brand new car a few years ago, are still making payments, and want to get a new car. Jill's advice is to buy used always. She even did, and she definitely makes more money than any of the guys.
Finally, couples who want to start a joint bank account together should find a bank or network that is close by. If you're adventurous look into credit unions. And there are a few banks that don't really have branches but will refund all ATM fees.
If you have any financial questions or just want to send your love to Aunt Jill and The 404, feel free to send us an e-mail at the404 [at] cnet [dot]. Or call us at 1-866-404-CNET (2638) and leave a message. Jill demands that you follow her on Twitter @jillonmoney, or follow us at @the404, @rhapsodyartist, @malusbrutus and @jeffbakalar.
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