Light Up Some Savings
Speaking of saving on utility bills, one simple way to do that while helping the environment at the same time is to switch to compact fluorescent light bulbs (CFLs). According to the July issue of _Real Simple_, while CFLs cost more than regular bulbs, they use 70% less energy and last more than 10 times […]
Money Wise or Miserly?
Are you a smart shopper or stingy? Do people think of you as frugal or tight? And where is the line drawn? According to a story posted on MSN.com, it’s frugal to use a 2 for 1 coupon at a restaurant, but it’s stingy to base the server’s tip on the discounted price of the […]
The Home Stretch
The conventional wisdom tells us to stretch to buy as much house as possible. A lot of people who followed that advice in recent years through the help of adjustable rate mortgages (ARMs) are now feeling some pain from all that stretching. With interest rates now rising, it’s not uncommon for people to see their […]
Where’s the Money?
Why is our savings rate so low? Lack of motivation? Denial about the need? A penchant for big screen TVs? In its 6/21 issue, the Wall Street Journal fixed the blame on our housing and transportation spending. It cited government figures showing that while the portion of our spending devoted to many categories has fallen […]
Shock Treatment for Prospective Savers
Much has been made of the average American’s less than stellar track record of building savings. In the 6/17-18 issue of the Wall Street Journal, reporter Ron Lieber shared what “shocked” him into saving early in life. He saw a chart comparing how much a person would accumulate by age 65 if they invested $250 […]
Sharing the Journey
Two are better than one, because they have a good return for their work: If one falls down, his friend can help him up. But pity the man who falls and has no one to help him up!” – Ecclesiastes 4:9-10 Are you facing a challenging situation? Are you trying to accomplish a difficult goal? […]
Moving Toward a More Secure Financial Life
In the aftermath of Hurricane Katrina and with the growing problem of identity theft, much advice has been given about securing our financial records. Most of it goes something like this: Back up all of your most important computer-based financial files on DVDs and send them to a trusted out-of-state relative, make a video recording […]
Tear and Toss Not Enough to Prevent ID Theft
Think that tearing up your credit card offers and tossing them in the trash is enough to keep identity thieves at bay? Think again. A 6/16 _ABC News 20/20_ story reported on a man who tore a credit card offer into tiny pieces and then, as an experiment, taped it back together, completed the application […]
Removing that Lemony Old Car Smell
Used car buyers often struggle to balance the benefits of saving money with the risk of buying a lemon. To lessen the risk, a growing number of dealers are certifying their used cars. According to an article in the 6/11 _Chicago Tribune_, half of all used cars sold today carry the certification stamp—up from one […]
When Cake and Ice Cream Just Won’t Do
A recent birthday bash for a five-year-old California girl included professional catering, 150 guests, ponies, and a magician. The tab? $6,000. According to a recent _MSN.com_ story, it’s a growing trend, with parents trucking in fake snow for an afternoon of front yard sledding, spending months planning Harry Potter-themed parties, or hiring horse-drawn Cinderella carriages. […]