Carmen Wong Ulrich

Personal finance expert
Know thyself, know the business… and never, ever fear!

Carmen Wong Ulrich is a personal finance expert and a regular Today show contributor

Carmen Wong Ulrich is a personal finance expert, contributor to The Dr. Oz Show and the former host of CNBC's daily personal finance show On the Money. She can be seen regularly on the Today show, MSNBC, The View, NBC Nightly News with Brian Williams, as well as CNN, HLN, The Rachael Ray Show and the CBS Early Show. Carmen is the financial advice columnist for Glamour, and she also writes for Parade. Her second book, The Real Cost of Living: Making Better Decisions for You, Your Life and Your Money, will be available in December. Find out more at CarmenWongUlrich.com, check out her Facebook fan page and learn more about Carmen here.

What do you have in your wallet?

Carmen: Too many receipts (tax deductions!); photos of my girl, hubby and multitude of sisters; my ID and ID for my daughter, who is so blonde that people question if she's really mine (thank goodness she can speak now!). For cards, I have an old-fashioned ATM card (I don't believe in debit), a gold AmEx that I use for everything and pay off in full every month (points!), a MasterCard and Visa, and a couple of twenties and ones for the rare but essential cash-only purchase.

In what ways are you a cheapskate?

Carmen: I am a monster when it comes to electronics. I will scour the ends of the universe to save money on a gadget, computer equipment or phone. They become obsolete so quickly that I refuse to hand over more than I have to.

What's the best money advice you've ever gotten?

Carmen: A penny saved is a penny earned. Thanks, Dad.