Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@GailVazOxlade: According to research, 88% of all impulse purchases are made because the item is on sale.

@Moneyville: First-time home buyer? A condo might be a good idea.

@LAMFinance: Have you been tracking your budget lately? If not, be sure to replace that extra expense with income!

@MoneylineNY: Interest Rates are at an all time loan! Great time to refinance, and get some cash for Home Improvement!

@Money: You can have a 6-mo. extension to file your taxes (get Form 4868), but today is the last day to fund a 2010 IRA.

@MoneyMag_Penny: The President & First Lady earned $1.73 million in 2010 & paid taxes of $453,77

@JoyceMeyer: What do you do when disappointment comes? You can either let it press you down or you can use it as a stepping-stone to better things.

@ThomasJStanley: The median # of hours a millionaire works before reaching the 7-figure net worth threshold? 59,800!

@SoOverDebt: The iPad want is getting almost unbearable. Second job starts tomorrow – bring on the as yet unallocated extra cash!

@DebtChronicles: Why am I driving my car to the gym? Rising Gas Prices Will Not Get Me Down!

Devastating floods destroyed homes and lives in Australia recently. But the bad news continues to flow in as officials say about half of the homeowners impact by the flooding in the eastern part of the country did not have insurance. According to the Herald Sun, the homeowners did not have riverine flood insurance and they may not have known that they wouldn’t be covered.

That’s why the country’s Assistant Treasurer Bill Shorten is pushing for easier-to-understand language in insurance policies. “There are a lot of views from consumers groups who are frustrated that home and content policies are hieroglyphic,” Shorten said according to the Herald Sun. He said many people don’t read their policies. “That does not make people silly … it just means the format they are submitted in is a highly inaccessible format.”

The government will assist uninsured homeowners, but Shorten wants to make sure homeowners can help themselves in the future. “It is important however the insurance industry makes it as easy as possible for people to know what they have got,” he told the Herald Sun. Even though about half of homeowners weren’t properly insured, officials say they were better prepared than many of the small businesses that were impacted by the flooding.

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@Money: Buy a 64-pack of toilet paper & a cholesterol test! Sam’s Club sells doctor-less health plan for $99/yr

@FrugalFreebies: HOT US FREEBIE – Blockbuster Express – enter Code: ESU11B, for a free rental! Valid until January 18th, 2011.

@TheSavalots: $.11 Shipping on All Orders at The Limited! TODAY ONLY!

@ChristineRomans: Covering the Verizon iPhone story and yes, I did say on tv: “I’m a phonebooth girl in an Android world.”

@MoneyCrush: Quit making excuses and start making opportunity

@DaveRamsey: Gold is the Snuggie of investing. It is sold on midnight cable TV and will make you look stupid if you buy it.

@MoneyManagement: Just got rid of our home land line. Guess I’ll have to start keeping better track of my cell phone!

@MyFindependence: Is anyone else out there addicted to playing with their mortgage pre-payment amounts and watch how it changes your mortgage ?

@YahooFinance: Kim Kardashian and her sisters sued for ($75M) prepaid card

@TheEconomist: Texas budget: The state hasn’t experienced the kind of crises that stimulate productive risk or visionary change

Most states require anyone who owns and drives a vehicle to have liability auto insurance. Perhaps this is why liability insurance is the foundation of insurance policies in most states in the USA. What does liability insurance do?

If you have an accident and it is determined that you are at fault, it will pay for any sort of physical injury and medical expenses and for any damage to the property of the other people in the accident. This includes repairing or replacing the items you may have damaged or destroyed in the accident. Liability insurance does not pay for your own car’s damage, your injuries and/or your property damage. It will pay for the legal fees for you and also for anyone else who is included on your policy. It will also pay to bail you out of jail if things get a bit testy at the accident scene!

By now, the general population knows that the housing market is tanking as foreclosures are on the rise. Whether you see it first hand in your increasingly empty neighborhood or you’ve been keeping up through the evening news; foreclosures are continuing and for some this is just fine.

First time and small investors are looking at those foreclosed homes as a way to get into a market that may otherwise be too expensive. Buying foreclosed properties are beginning to rise as these investors are seeing the advantages of the purchase.

Term life insurance is one of the easiest forms of life insurance to totally understand. It was created so that people could have the protection of life insurance for a short period of time (the term). You can get a good-sized term life insurance policy for a very reasonable premium.