Personal finance from around the Web:
- If you owe more than your home is worth, you shouldn’t feel so bad about defaulting on your mortgage, suggests a University of Arizona law professor. For his full explanation of how the government, the media and the financial industry are ganging up to make homeowners bear the brunt of the housing collapse, read his research paper. [The Consumerist, WSJ.com]
- Haven’t used your credit card in a while? Prepare to get slapped with an “inactivity fee.” [MyBankTracker]
- Fidelity cut its 529 college savings plan fees and changed its age-based allocations this month. My Money Blog offers a handy summary of the changes. [My Money Blog]
- Don’t be fooled into thinking you’re saving money every time you buy something on sale, use a coupon or get free shipping: There’s a good chance you’re getting played. [It’s Your Money]
- You may be planning a staycation to save this year, but not everyone has to scrimp. Check out the world’s most expensive hotel suites. [The Business Insider]
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